Newbridge Bank
Greensboro, NC — Domestic Branch of a Domestic Bank
Acquired Mar 2016
Vitals
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Total Assets2.8B 11.5 %
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Total Deposits2.0B 6.2 %
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Total Net Loans2.1B 16.2 %
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Net Income17.0M 12.5 %
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Book Value292.3M 10.4 %
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Book Value x2584.6M 10.4 %
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Book Value x3876.9M 10.4 %
Balance Sheet Highlights
Financial Highlights | Newbridge Bank | All Insured Commercial Banks in North Carolina |
Balance Sheet $(000) | ||
Total Assets | 2,807,738 | 1,809,693 |
Total Net Loans | 2,078,193 | 1,210,990 |
Total Deposits | 1,952,010 | 1,501,018 |
Total Equity | 292,300 | 189,770 |
Profitability | ||
Net Income | 17,010 | 13,316 |
Return on Average Assets | .627 | .748 |
Return on Average Equity | 5.944 | 6.322 |
Net Interest Margin | 3.683 | 3.712 |
Efficiency Ratio | 75.129 | 77.731 |
Noninterest Income/Revenue | 14.659 | 24.961 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 106.464 | 83.926 |
Securities/Assets | .167 | .187 |
Total Equity/Total Assets | .104 | .105 |
Tangible Equity/Tangible Assets | .094 | .094 |
Capital Adequacy | ||
Tier 1 Common Capital | 260,495 | 169,566 |
Tier 1 Capital | 260,495 | 170,638 |
Tier 2 Capital | 19,995 | 12,663 |
Total Capital | 280,490 | 183,279 |
Total Risk Weighted Assets | 2,376,730 | 1,348,715 |
Leverage Ratio | 9.48 | 10.165 |
Common Equity Tier 1 Capital Ratio | 10.96 | 13.097 |
Tier 1 Capital Ratio | 10.96 | 13.406 |
Total Capital Ratio | 11.8 | 14.537 |
Timeline for Newbridge Bank
Premier Commercial Bank
Acquisition: Newbridge Bank acquired a new subsidiary, Premier Commercial Bank, 9 years
View Profile Feb 28 2015Capstone Bank
Acquisition: Newbridge Bank acquired a new subsidiary, Capstone Bank, 10 years
View Profile Apr 01 2014Security Savings Bank, Ssb
Acquisition: Newbridge Bank acquired a new subsidiary, Security Savings Bank, Ssb, 10 years
View Profile Oct 01 2013Fnb Southeast Investment Services, Inc.
Acquisition: Newbridge Bank acquired a new subsidiary, Fnb Southeast Investment Services, Inc. , 16 years
View Profile Dec 27 2007Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Yadkin Bank | Buyer | 7,348,163 | Acquisition | Discontinued | 3/1/2016 |
Premier Commercial Bank | Seller | 168,705 | Acquisition | Discontinued | 2/28/2015 |
Capstone Bank | Seller | 381,324 | Acquisition | Discontinued | 4/1/2014 |
Security Savings Bank, Ssb | Seller | 212,528 | Acquisition | Discontinued | 10/1/2013 |
Fnb Southeast Investment Services, Inc. | Seller | Pooling of Interests | Discontinued | 12/27/2007 | |
Fnb Southeast Mortgage Corporation | Seller | Pooling of Interests | Discontinued | 12/22/2007 | |
Lsb Investment Services, Inc. | Seller | Pooling of Interests | Discontinued | 12/22/2007 | |
Fnb Southeast | Seller | 961,022 | Acquisition | Discontinued | 11/13/2007 |
Old North State Bank | Seller | 136,730 | Pooling of Interests | Discontinued | 8/12/1997 |
Relationships | Role | Relationship Start | Relationship End |
Newbridge Bancorp | Parent | 7/1/1983 | 2/29/2016 |
Peoples Finance Company Of Lexington, Inc. | Subsidary | 6/30/2007 | 10/3/2012 |
Fnb Southeast Investment Services, Inc. | Subsidary | 11/13/2007 | 12/26/2007 |
Lsb Investment Services, Inc. | Subsidary | 11/8/1994 | 12/21/2007 |
Fnb Southeast Mortgage Corporation | Subsidary | 11/13/2007 | 12/21/2007 |
Peoples Finance Company Of Lexington, Inc. | Subsidary | 1/1/1984 | 6/29/2007 |
Old North State Bank Financial Services | Subsidary | 8/12/1997 | 12/28/1997 |
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