Vitals
  • Total Assets
    877.8M
  • Total Deposits
    730.8M
  • Total Net Loans
    722.7M
  • Net Income
    6.0M
  • Book Value
    70.9M
  • Book Value x2
    141.8M
  • Book Value x3
    212.7M
ROAA

.927

ROAE

11.679

Efficiency Ratio

57.323

Net Interest Margin

3.933

Balance Sheet Highlights
Financial Highlights Mountainbank All Insured Commercial Banks in North Carolina
Balance Sheet $(000)
Total Assets 877,804 884,171
Total Net Loans 722,685 571,550
Total Deposits 730,788 605,782
Total Equity 70,914 99,624
Profitability
Net Income 5,969 190,424
Return on Average Assets .927 1.018
Return on Average Equity 11.679 10.268
Net Interest Margin 3.933 3.838
Efficiency Ratio 57.323 70.143
Noninterest Income/Revenue 15.344 22.859
Balance Sheet Ratios
Loan-to-Deposit 98.891 88.461
Securities/Assets .091 .49
Total Equity/Total Assets .081 .113
Tangible Equity/Tangible Assets .078 -.984
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 68,714 69,665
Tier 2 Capital 9,697 12,457
Total Capital 78,411 82,108
Total Risk Weighted Assets 773,337 619,107
Leverage Ratio 7.87 9.42
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 8.89 12.085
Total Capital Ratio 10.14 13.496

Timeline for Mountainbank

Carolina First Bank

Mountainbank was acquired by Carolina First Bank 20 years

View Profile Oct 03 2003

First Western Bank

Acquisition: Mountainbank acquired a new subsidiary, First Western Bank, 22 years

View Profile Jan 01 2002

Mountainbanc Mortgage Corporation

Mountainbanc Mortgage Corporation became a new subsidiary organization for Mountainbank.

View Profile Oct 12 2001

Mountainbank Financial Corporation

Mountainbank Financial Corporation became a new parent organization for Mountainbank.

View Profile Mar 31 2001

Mountainbank

Mountainbank was established 26 years ago and is currently headquartered in Hendersonville, NC.

Jun 26 1997
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Carolina First Bank Buyer 11,577,485 Acquisition Discontinued 10/3/2003
First Western Bank Seller 97,116 Acquisition Discontinued 1/1/2002
Relationships Role Relationship Start Relationship End
Mountainbank Financial Corporation Parent 3/31/2001 10/2/2003
Mountainbanc Mortgage Corporation Subsidary 10/12/2001 10/2/2003
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