TrustAtlantic Bank in Raleigh, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • TrustAtlantic Bank in Raleigh, North Carolina (NC)
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TrustAtlantic Bank - Overview

  • General
  • FDIC Certificate #: 35163
    Status: Active
    Federal Reserve ID: 2913551
    Bank Holding Company (Regulatory Top Holder): Trustatlantic Financial Corporation (RSSDID: 3481673, Location: Raleigh, NC)
    Date Established: May 22, 2000
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 75635
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 22, 2000
    Last Structure Change Effective Date: May 24, 2010
    Last Structure Change Process Date: July 29, 2010
    Last Data Update: July 29, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 4801 Glenwood Avenue, Raleigh, NC 27612
    County: Wake
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Raleigh
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Raleigh-Durham-Chapel Hill, NC (#6640)
    Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450)
    Core Based Statistical Area (CBSA): Raleigh-Cary, NC (#39580)
    CBSA Metro Statistical Area: Raleigh-Cary, NC (#39580)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $362.1 mil
    Equity capital: $38.8 mil
    Deposits held in domestic offices: $316.7 mil
    Return on assets (ROA): 0.21% ($0.8 mil)
    Quarterly return on assets: 0.32% ($1.2 mil)
    Return on Equity (ROE): 2.01% ($0.8 mil)
    Quarterly return on equity: 3.04% ($1.2 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.21% ($760.4 mil)
    Quarterly Pretax return on assets: 0.32% ($1,158.6 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, 2011)

  • Dollar figures in thousands
  • 52Total employees (full-time equivalent)
  • $362,077Total assets
  • $21,563Cash and due from depository institutions
  • $13,216Interest-bearing balances
  • $55,932Securities
  • $7,559Federal funds sold & reverse repurchase agreements
  • $261,109Net loans & leases
  • $6,315Loan loss allowance
  • $0Trading account assets
  • $3,513Bank premises and fixed assets
  • $2,687Other real estate owned
  • $3,648Goodwill and other intangibles
  • $362,077Life insurance assets
  • $6,066All other assets
  • $323,293Total liabilities and capital
  • $316,669Total liabilities
  • $291,447Total deposits
  • $316,669Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,200Trading liabilities
  • $0Other borrowed funds
  • $2,424Subordinated debt
  • $38,784All other liabilities
  • $38,784Total equity capital
  • $38,784Total bank equity capital
  • $0Perpetual preferred stock
  • $1,446Common stock
  • $40,783Surplus
  • $-3,445Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,564Income earned, not collected on loans
  • $0Earning assets
  • $1,295Long-term assets (5+ years)
  • $337,816Average Assets, year-to-date
  • $73,975Average Assets, quarterly
  • $359,499Volatile liabilities
  • $365,982Insider loans
  • $268,821FHLB advances
  • $360,451Loans and leases held for sale
  • $1,713Unused loan commitments
  • $1,713Tier 1 (core) risk-based capital
  • $33,858Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $22,435Restructured Loans and leases
  • $10,762Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,468Total interest income
  • $4,042Total interest expense
  • $13,426Net interest income
  • $4,295Provision for loan and lease losses
  • $172Total noninterest income
  • $0Fiduciary activities
  • $225Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$53Additional noninterest income
  • $8,658Total noninterest expense
  • $4,480Salaries and employee benefits
  • $1,121Premises and equipment expense
  • $3,057Additional noninterest expense
  • $645Pre-tax net operating income
  • $119Securities gains (losses)
  • $0Applicable income taxes
  • $764Income before extraordinary items
  • $0Extraordinary gains - net
  • $764Net income attributable to bank
  • $0Net charge-offs
  • $764Cash dividends
  • $4,387Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.20%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 4.00%Net interest margin
  • 0.05%Noninterest income to earning assets
  • 2.58%Noninterest expense to earning assets
  • 0.18%Net operating income to assets
  • 0.21%Return on assets (ROA)
  • 0.21%Pretax return on assets
  • 2.01%Return on equity (ROE)
  • 2.01%Retained earnings to average equity (YTD only)
  • 1.61%Net charge-offs to loans
  • 97.90%Credit loss provision to net charge-offs
  • 1.13%Efficiency ratio
  • 63,384Assets per employee
  • 6.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.36%Loss allowance to noncurrent loans
  • 96.21%Noncurrent assets plus other real estate owned to assets
  • 2.55%Noncurrent loans to loans
  • 2.45%Net loans and leases to deposits
  • 82.45%Net loans and leases to core deposits
  • 113.90%Equity capital to assets
  • 10.71%Core capital (leverage) ratio
  • 9.39%Tier 1 risk-based capital ratio
  • 12.59%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $359,499Average earning assets
  • $38,034Average equity
  • $335,681Average loans

List of branches

  • 4 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    075635Trustatlantic Bank4801 Glenwood Avenue, Raleigh, NC 27612May 22, 2000Full Service Brick and Mortar
    3470790Greenville Branch1310 West Arlington Boulevard, Greenville, NC 27834September 10, 2007Full Service Brick and Mortar
    4473867North Ridge Branch6511 Falls Of Neuse Road, Raleigh, NC 27615April 02, 2008Full Service Brick and Mortar
    5493454Cary Parkway Branch3685 Sw Cary Parkway, Cary, NC 27513August 04, 2008Full Service Brick and Mortar

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