The Scottish Bank, National Association in Charlotte, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 08, 2008

  • The Scottish Bank, National Association in Charlotte, North Carolina (NC)
  • Show street view No street view available for this location

The Scottish Bank, National Association - Overview

  • General
  • FDIC Certificate #: 34700
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SCBT National Association (#13425)
    Federal Reserve ID: 2699631
    Date Established: June 01, 1998
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 61303
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: June 01, 1998
    Last Structure Change Effective Date: November 08, 2008
    Last Structure Change Process Date: December 23, 2008
    Last Data Update: December 23, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 6525 Morrison Boulevard, Charlotte, NC 28211
    County: Mecklenburg
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Charlotte
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Charlotte-Gastonia-Rock Hill, NC-SC (#1520)
    Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
    CBSA Metro Statistical Area: Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
  • Financial Summary
  • Total assets: $270.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2007)

  • Dollar figures in thousands
  • 33Total employees (full-time equivalent)
  • $235,734Total assets
  • $2,784Cash and due from depository institutions
  • $0Interest-bearing balances
  • $31,408Securities
  • $655Federal funds sold & reverse repurchase agreements
  • $159,836Net loans & leases
  • $1,875Loan loss allowance
  • $0Trading account assets
  • $2,395Bank premises and fixed assets
  • $0Other real estate owned
  • $30,370Goodwill and other intangibles
  • $3,501Life insurance assets
  • $8,286All other assets
  • $235,734Total liabilities and capital
  • $189,075Total liabilities
  • $175,662Total deposits
  • $141,154Interest-bearing deposits
  • $175,662Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,981Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $8,057Other borrowed funds
  • $0Subordinated debt
  • $1,375All other liabilities
  • $46,659Total equity capital
  • $46,659Total bank equity capital
  • $46,659Perpetual preferred stock
  • $0Common stock
  • $3,450Surplus
  • $43,070Undivided profits
  • Memoranda
  • $139Noncurrent loans and leases
  • $54,264Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $896Average Assets, year-to-date
  • $191,899Average Assets, quarterly
  • $49,823Volatile liabilities
  • $203,292Insider loans
  • $216,634FHLB advances
  • $56,072Loans and leases held for sale
  • $3Unused loan commitments
  • $8,057Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $54,264Total unused commitments
  • $0Restructured Loans and leases
  • $1,875Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $1,194Total interest income
  • $547Total interest expense
  • $647Net interest income
  • $40Provision for loan and lease losses
  • $62Total noninterest income
  • $0Fiduciary activities
  • $30Service charges on deposit accounts
  • $0Trading account gains & fees
  • $32Additional noninterest income
  • $516Total noninterest expense
  • $287Salaries and employee benefits
  • $80Premises and equipment expense
  • $149Additional noninterest expense
  • $153Pre-tax net operating income
  • $0Securities gains (losses)
  • $43Applicable income taxes
  • $110Income before extraordinary items
  • $0Extraordinary gains - net
  • $110Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.65%Yield on earning assets
  • 0.30%Cost of funding earning assets
  • 0.35%Net interest margin
  • 0.03%Noninterest income to earning assets
  • 0.28%Noninterest expense to earning assets
  • 0.05%Net operating income to assets
  • 0.05%Return on assets (ROA)
  • 0.08%Pretax return on assets
  • 0.46%Return on equity (ROE)
  • 0.46%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 71,650Assets per employee
  • 7.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.16%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 90.99%Net loans and leases to core deposits
  • 129.35%Equity capital to assets
  • 19.79%Core capital (leverage) ratio
  • 9.66%Tier 1 risk-based capital ratio
  • 9.53%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $203,292Average earning assets
  • $23,842Average equity
  • $184,758Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Scottish Bank, National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents