FDIC Certificate #: 28282 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Triangle Bank (#27145) Federal Reserve ID: 892577 Date Established: January 01, 1902 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 1291 FDIC's unique #: 41116 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: April 27, 1935 Last Structure Change Effective Date: September 17, 1998 Last Structure Change Process Date: October 06, 1998 Last Data Update: October 06, 1998 Data Source Date: April 05, 2012
Location
Address: 116 S Franklin St, Rocky Mount, NC 27801 County: Nash 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): Rocky Mount, NC (#6895) Core Based Statistical Area (CBSA): Rocky Mount, NC (#40580) CBSA Metro Statistical Area: Rocky Mount, NC (#40580)
Financial Summary
Total assets: $302.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
140Total employees (full-time equivalent)
$304,928Total assets
$16,697Cash and due from depository institutions
$10,751Interest-bearing balances
$18,008Securities
$0Federal funds sold & reverse repurchase agreements
$254,391Net loans & leases
$2,398Loan loss allowance
$0Trading account assets
$5,740Bank premises and fixed assets
$287Other real estate owned
$3,006Goodwill and other intangibles
$0Life insurance assets
$6,799All other assets
$304,928Total liabilities and capital
$282,948Total liabilities
$271,037Total deposits
$262,206Interest-bearing deposits
$271,037Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,000Other borrowed funds
$0Subordinated debt
$1,911All other liabilities
$21,980Total equity capital
$21,980Total bank equity capital
$21,980Perpetual preferred stock
$0Common stock
$32Surplus
$3,563Undivided profits
Memoranda
$18,385Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,169Earning assets
$0Long-term assets (5+ years)
$1,906Average Assets, year-to-date
$283,150Average Assets, quarterly
$0Volatile liabilities
$279,531Insider loans
$295,354FHLB advances
$43,144Loans and leases held for sale
$0Unused loan commitments
$10,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$52,205Total unused commitments
$0Restructured Loans and leases
$241,567Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$22,845Total interest income
$12,858Total interest expense
$9,987Net interest income
$1,445Provision for loan and lease losses
$2,468Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$2,468Additional noninterest income
$9,681Total noninterest expense
$5,398Salaries and employee benefits
$1,712Premises and equipment expense
$2,571Additional noninterest expense
$1,329Pre-tax net operating income
$1,273Securities gains (losses)
$799Applicable income taxes
$1,803Income before extraordinary items
$0Extraordinary gains - net
$1,803Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$182Sale, conversion, retirement of capital stock, net
$705Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.76%Yield on earning assets
4.93%Cost of funding earning assets
3.83%Net interest margin
0.95%Noninterest income to earning assets
3.71%Noninterest expense to earning assets
0.33%Net operating income to assets
0.65%Return on assets (ROA)
0.93%Pretax return on assets
8.65%Return on equity (ROE)
5.27%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
793.96%Credit loss provision to net charge-offs
15.24%Efficiency ratio
77,728Assets per employee
2.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
39.10%Loss allowance to loans
0.93%Loss allowance to noncurrent loans
110.56%Noncurrent assets plus other real estate owned to assets
0.81%Noncurrent loans to loans
0.84%Net loans and leases to deposits
93.86%Net loans and leases to core deposits
106.94%Equity capital to assets
7.21%Core capital (leverage) ratio
7.19%Tier 1 risk-based capital ratio
9.07%Total risk-based capital ratio
Memoranda
$10Average assets
$279,531Average earning assets
$20,854Average equity
$260,715Average loans
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