FDIC Certificate #: 91309 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:U.S. Trust Company, National Association (#33332) Federal Reserve ID: 318125 Date Established: January 01, 1984 WWW:http://www.ustrust.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 18304 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: July 31, 2000 Last Structure Change Effective Date: July 31, 2003 Last Structure Change Process Date: October 28, 2003 Last Data Update: October 28, 2003 Data Source Date: April 05, 2012
Location
Address: 301 North Elm Street, Suite 900, Greensboro, NC 27402 County: Guilford Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: New York 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): Greensboro-High Point, NC (#24660) CBSA Metro Statistical Area: Greensboro-High Point, NC (#24660)
Financial Summary
Total assets: $124.8 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2002)
Dollar figures in thousands
94Total employees (full-time equivalent)
$110,904Total assets
$8,012Cash and due from depository institutions
$3,226Interest-bearing balances
$1,800Securities
$16,000Federal funds sold & reverse repurchase agreements
$19,683Net loans & leases
$175Loan loss allowance
$0Trading account assets
$1,541Bank premises and fixed assets
$0Other real estate owned
$60,099Goodwill and other intangibles
$0Life insurance assets
$3,769All other assets
$110,904Total liabilities and capital
$44,829Total liabilities
$42,150Total deposits
$41,679Interest-bearing deposits
$42,150Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,679All other liabilities
$66,075Total equity capital
$66,075Total bank equity capital
$66,075Perpetual preferred stock
$0Common stock
$3,668Surplus
$73,970Undivided profits
Memoranda
$-11,563Noncurrent loans and leases
$10,819Noncurrent 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)
$74Average Assets, year-to-date
$40,709Average Assets, quarterly
$1,566Volatile liabilities
$108,894Insider loans
$109,265FHLB advances
$4,956Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,819Total unused commitments
$0Restructured Loans and leases
$175Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$1,296Total interest income
$519Total interest expense
$777Net interest income
$75Provision for loan and lease losses
$16,544Total noninterest income
$16,219Fiduciary activities
$5Service charges on deposit accounts
$0Trading account gains & fees
$320Additional noninterest income
$21,340Total noninterest expense
$13,559Salaries and employee benefits
$2,028Premises and equipment expense
$5,753Additional noninterest expense
-$4,094Pre-tax net operating income
$95Securities gains (losses)
-$1,485Applicable income taxes
-$2,514Income before extraordinary items
$0Extraordinary gains - net
-$2,514Net 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, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.42%Yield on earning assets
1.37%Cost of funding earning assets
2.05%Net interest margin
43.67%Noninterest income to earning assets
56.33%Noninterest expense to earning assets
-2.36%Net operating income to assets
-2.31%Return on assets (ROA)
-3.67%Pretax return on assets
-3.75%Return on equity (ROE)
-3.75%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
123,203Assets per employee
1.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.88%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
46.70%Net loans and leases to core deposits
52.92%Equity capital to assets
59.58%Core capital (leverage) ratio
12.78%Tier 1 risk-based capital ratio
19.95%Total risk-based capital ratio
Memoranda
$21Average assets
$108,894Average earning assets
$67,096Average equity
$37,884Average loans
Total Fiduciary and Related Assets (December 31, 2002)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with U.S. Trust Company of North Carolina.
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.
Comment about this bank, ask questions, or add new information about it: