Trinity Bank in Monroe, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 31, 2005

  • Trinity Bank in Monroe, North Carolina (NC)
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Trinity Bank - Overview

  • General
  • FDIC Certificate #: 35288
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: Citizens South Bank (#28833)
    Federal Reserve ID: 2855950
    Date Established: November 01, 1999
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 77677
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 01, 1999
    Last Structure Change Effective Date: October 31, 2005
    Last Structure Change Process Date: November 10, 2005
    Last Data Update: November 10, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 310 West Franklin Street, Monroe, NC 28112
    County: Union
    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: $164.0 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, 2004)

  • Dollar figures in thousands
  • 37Total employees (full-time equivalent)
  • $150,973Total assets
  • $1,948Cash and due from depository institutions
  • $167Interest-bearing balances
  • $39,715Securities
  • $1,211Federal funds sold & reverse repurchase agreements
  • $100,766Net loans & leases
  • $1,326Loan loss allowance
  • $0Trading account assets
  • $2,522Bank premises and fixed assets
  • $422Other real estate owned
  • $6Goodwill and other intangibles
  • $0Life insurance assets
  • $4,383All other assets
  • $150,973Total liabilities and capital
  • $137,679Total liabilities
  • $125,726Total deposits
  • $116,581Interest-bearing deposits
  • $125,726Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,431Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $8,506Other borrowed funds
  • $1,500Subordinated debt
  • $516All other liabilities
  • $13,294Total equity capital
  • $13,294Total bank equity capital
  • $13,294Perpetual preferred stock
  • $0Common stock
  • $6,433Surplus
  • $8,399Undivided profits
  • Memoranda
  • $-1,538Noncurrent loans and leases
  • $14,924Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $281Earning assets
  • $0Long-term assets (5+ years)
  • $592Average Assets, year-to-date
  • $141,859Average Assets, quarterly
  • $28,347Volatile liabilities
  • $137,810Insider loans
  • $149,232FHLB advances
  • $27,959Loans and leases held for sale
  • $3,454Unused loan commitments
  • $8,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $14,924Total unused commitments
  • $0Restructured Loans and leases
  • $2,826Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $7,253Total interest income
  • $3,013Total interest expense
  • $4,240Net interest income
  • $272Provision for loan and lease losses
  • $834Total noninterest income
  • $0Fiduciary activities
  • $243Service charges on deposit accounts
  • $0Trading account gains & fees
  • $591Additional noninterest income
  • $3,801Total noninterest expense
  • $1,988Salaries and employee benefits
  • $767Premises and equipment expense
  • $1,046Additional noninterest expense
  • $1,001Pre-tax net operating income
  • $5Securities gains (losses)
  • -$923Applicable income taxes
  • $1,929Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,929Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $147Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.60%Yield on earning assets
  • 2.33%Cost of funding earning assets
  • 3.28%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 2.94%Noninterest expense to earning assets
  • 1.40%Net operating income to assets
  • 1.40%Return on assets (ROA)
  • 0.73%Pretax return on assets
  • 16.17%Return on equity (ROE)
  • 16.17%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 185.03%Credit loss provision to net charge-offs
  • 8.66%Efficiency ratio
  • 74,793Assets per employee
  • 4.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 471.89%Noncurrent assets plus other real estate owned to assets
  • 0.47%Noncurrent loans to loans
  • 0.28%Net loans and leases to deposits
  • 80.15%Net loans and leases to core deposits
  • 101.58%Equity capital to assets
  • 8.81%Core capital (leverage) ratio
  • 8.94%Tier 1 risk-based capital ratio
  • 12.00%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $137,810Average earning assets
  • $11,930Average equity
  • $129,459Average loans

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