TriStone Community Bank in Winston Salem, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 31, 2009

  • TriStone Community Bank in Winston Salem, North Carolina (NC)
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TriStone Community Bank - Overview

  • General
  • FDIC Certificate #: 57854
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Community Bank (#13012)
    Federal Reserve ID: 3299793
    Date Established: November 30, 2004
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 428160
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 30, 2004
    Last Structure Change Effective Date: July 31, 2009
    Last Structure Change Process Date: October 02, 2009
    Last Data Update: October 02, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 401 Knollwood Street, Winston Salem, NC 27103
    County: Forsyth
    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): Greensboro--Winston-Salem--High Point, NC (#3120)
    Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
    Core Based Statistical Area (CBSA): Winston-Salem, NC (#49180)
    CBSA Metro Statistical Area: Winston-Salem, NC (#49180)
  • Financial Summary
  • Total assets: $164.5 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, 2008)

  • Dollar figures in thousands
  • 33Total employees (full-time equivalent)
  • $152,486Total assets
  • $7,129Cash and due from depository institutions
  • $4,695Interest-bearing balances
  • $11,102Securities
  • $3,859Federal funds sold & reverse repurchase agreements
  • $126,139Net loans & leases
  • $1,188Loan loss allowance
  • $0Trading account assets
  • $2,018Bank premises and fixed assets
  • $636Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,603All other assets
  • $152,487Total liabilities and capital
  • $138,207Total liabilities
  • $126,842Total deposits
  • $119,265Interest-bearing deposits
  • $126,842Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $11,000Other borrowed funds
  • $0Subordinated debt
  • $365All other liabilities
  • $14,280Total equity capital
  • $14,280Total bank equity capital
  • $14,280Perpetual preferred stock
  • $0Common stock
  • $7,500Surplus
  • $8,602Undivided profits
  • Memoranda
  • $-1,822Noncurrent loans and leases
  • $16,057Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $544Earning assets
  • $0Long-term assets (5+ years)
  • $611Average Assets, year-to-date
  • $145,795Average Assets, quarterly
  • $24,248Volatile liabilities
  • $133,931Insider loans
  • $151,983FHLB advances
  • $57,649Loans and leases held for sale
  • $2,191Unused loan commitments
  • $11,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $778Total risk weighted assets
  • $16,057Total unused commitments
  • $0Restructured Loans and leases
  • $1,188Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $7,634Total interest income
  • $3,882Total interest expense
  • $3,752Net interest income
  • $687Provision for loan and lease losses
  • $679Total noninterest income
  • $0Fiduciary activities
  • $187Service charges on deposit accounts
  • $0Trading account gains & fees
  • $492Additional noninterest income
  • $3,993Total noninterest expense
  • $1,854Salaries and employee benefits
  • $620Premises and equipment expense
  • $1,519Additional noninterest expense
  • -$249Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$249Income before extraordinary items
  • $0Extraordinary gains - net
  • -$249Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $367Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.95%Yield on earning assets
  • 3.03%Cost of funding earning assets
  • 2.93%Net interest margin
  • 0.53%Noninterest income to earning assets
  • 3.11%Noninterest expense to earning assets
  • -0.19%Net operating income to assets
  • -0.19%Return on assets (ROA)
  • -0.19%Pretax return on assets
  • -1.75%Return on equity (ROE)
  • -1.75%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 187.19%Credit loss provision to net charge-offs
  • 1.19%Efficiency ratio
  • 90,115Assets per employee
  • 4.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.93%Loss allowance to noncurrent loans
  • 218.38%Noncurrent assets plus other real estate owned to assets
  • 0.77%Noncurrent loans to loans
  • 0.43%Net loans and leases to deposits
  • 99.45%Net loans and leases to core deposits
  • 182.30%Equity capital to assets
  • 9.36%Core capital (leverage) ratio
  • 9.45%Tier 1 risk-based capital ratio
  • 12.38%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $133,931Average earning assets
  • $14,189Average equity
  • $128,239Average loans

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