Vitals
  • Total Assets
    215.9M 8.0 %
  • Total Deposits
    180.9M 6.3 %
  • Total Net Loans
    166.1M 14.7 %
  • Net Income
    2.4M 20.4 %
  • Book Value
    29.9M 9.4 %
  • Book Value x2
    59.9M 9.4 %
  • Book Value x3
    89.8M 9.4 %
ROAA

1.136

ROAE

8.481

Efficiency Ratio

60.904

Net Interest Margin

4.449

Balance Sheet Highlights
Financial Highlights New Century Bank South All Insured Commercial Banks in North Carolina
Balance Sheet $(000)
Total Assets 215,869 1,129,320
Total Net Loans 166,099 774,390
Total Deposits 180,891 851,648
Total Equity 29,946 127,503
Profitability
Net Income 2,426 340,877
Return on Average Assets 1.136 .907
Return on Average Equity 8.481 8.991
Net Interest Margin 4.449 4.015
Efficiency Ratio 60.904 78.875
Noninterest Income/Revenue 8.559 71.027
Balance Sheet Ratios
Loan-to-Deposit 91.823 96.591
Securities/Assets .091 4.226
Total Equity/Total Assets .139 .113
Tangible Equity/Tangible Assets .093 -2.447
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 20,030 95,643
Tier 2 Capital 1,499 46,108
Total Capital 21,529 111,064
Total Risk Weighted Assets 181,031 877,478
Leverage Ratio 9.64 11.387
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 11.06 12.981
Total Capital Ratio 11.89 14.272

Timeline for New Century Bank South

Select Bank & Trust Company

New Century Bank South was acquired by Select Bank & Trust Company 17 years

View Profile Mar 29 2008

Progressive State Bank

Acquisition: New Century Bank South acquired a new subsidiary, Progressive State Bank, 19 years

View Profile Jul 14 2006

New Century Bank South

New Century Bank South was established 21 years ago and is currently headquartered in Fayetteville, NC.

Jan 02 2004

Select Bank & Trust Company

Acquisition: New Century Bank South acquired a new subsidiary, Select Bank & Trust Company, 21 years

View Profile Jan 02 2004

Select Bancorp Inc.

Select Bancorp Inc. became a new parent organization for New Century Bank South.

View Profile Jan 02 2004
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Select Bank & Trust Company Buyer 844,197 Pooling of Interests Discontinued 3/29/2008
Progressive State Bank Seller 63,374 Acquisition Discontinued 7/14/2006
Select Bank & Trust Company Seller 844,197 Split 1/2/2004
Relationships Role Relationship Start Relationship End
Select Bancorp Inc. Parent 1/2/2004 3/28/2008
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