Avery County Bank Financial Statements & Health Reports

Acquired Oct 2003

Vitals

ROAA

3.706

ROAE

Efficiency Ratio

Net Interest Margin

Balance Sheet Highlights

Financial Highlights	Avery County Bank	All Insured Commercial Banks in North Carolina
Balance Sheet $(000)
Total Assets	71,822	884,171
Total Net Loans	13,859	571,550
Total Deposits	54,351	605,782
Total Equity	17,384	99,624
Profitability
Net Income	1,991	190,424
Return on Average Assets	3.706	1.018
Return on Average Equity	15.146	10.268
Net Interest Margin	4.354	3.838
Efficiency Ratio	34.83	70.143
Noninterest Income/Revenue	5.417	22.859
Balance Sheet Ratios
Loan-to-Deposit	25.499	88.461
Securities/Assets	.621	.49
Total Equity/Total Assets	.242	.113
Tangible Equity/Tangible Assets	.242	-.984
Capital Adequacy
Tier 1 Common Capital	—	—
Tier 1 Capital	17,750	69,665
Tier 2 Capital	248	12,457
Total Capital	17,998	82,108
Total Risk Weighted Assets	22,904	619,107
Leverage Ratio	24.55	9.42
Common Equity Tier 1 Capital Ratio	—	—
Tier 1 Capital Ratio	77.5	12.085
Total Capital Ratio	78.58	13.496

Avery County Bank was acquired by First-Citizens Bank & Trust Company 20 years

View Profile Oct 18 2003

Avery County Bank was established 110 years ago and is currently headquartered in Newland, NC.

Oct 16 1913

Acquisitions & Mergers	Role	Assets	Acct Method	Type	Transaction Date
First-Citizens Bank & Trust Company	Buyer	32,795,513	Acquisition	Discontinued	10/18/2003

Relationships	Role	Relationship Start	Relationship End

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