The Community Bank
Pilot Mountain, NC — Domestic Branch of a Domestic Bank
Acquired Oct 2004
Vitals
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Total Assets313.1M 26.1 %
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Total Deposits213.5M 5.6 %
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Total Net Loans165.6M 2.0 %
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Net Income3.1M -3.7 %
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Book Value81.0M 207.3 %
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Book Value x2161.9M 207.3 %
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Book Value x3242.9M 207.3 %
Balance Sheet Highlights
| Financial Highlights | The Community Bank | All Insured Commercial Banks in North Carolina |
| Balance Sheet $(000) | ||
| Total Assets | 313,123 | 906,723 |
| Total Net Loans | 165,588 | 609,303 |
| Total Deposits | 213,476 | 635,257 |
| Total Equity | 80,974 | 106,592 |
| Profitability | ||
| Net Income | 3,073 | 208,889 |
| Return on Average Assets | 1.357 | .909 |
| Return on Average Equity | 6.405 | 9.546 |
| Net Interest Margin | 4.807 | 3.905 |
| Efficiency Ratio | 50.98 | 72.005 |
| Noninterest Income/Revenue | 11.987 | 48.447 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 77.568 | 91.589 |
| Securities/Assets | .232 | 2.117 |
| Total Equity/Total Assets | .259 | .118 |
| Tangible Equity/Tangible Assets | .088 | -.941 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 27,634 | 74,385 |
| Tier 2 Capital | 2,394 | 11,490 |
| Total Capital | 29,653 | 85,852 |
| Total Risk Weighted Assets | 189,406 | 657,352 |
| Leverage Ratio | 10.56 | 10.298 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 14.59 | 12.799 |
| Total Capital Ratio | 15.66 | 14.158 |
Timeline for The Community Bank
Southern Community Bank And Trust
The Community Bank was acquired by Southern Community Bank And Trust 19 years
View Profile Oct 18 2004
Southern Community Financial Corporation
Southern Community Financial Corporation became a new parent organization for The Community Bank.
View Profile Jan 12 2004
The Community Bank
The Community Bank was established 37 years ago and is currently headquartered in Pilot Mountain, NC.
Mar 23 1987| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Southern Community Bank And Trust | Buyer | 1,387,119 | Pooling of Interests | Discontinued | 10/18/2004 |
| Relationships | Role | Relationship Start | Relationship End |
| Southern Community Financial Corporation | Parent | 1/12/2004 | 10/17/2004 |
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