The East Carolina Bank
Engelhard, NC — Domestic Branch of a Domestic Bank
Acquired Apr 2013
Vitals
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Total Assets866.0M -5.5 %
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Total Deposits732.0M -5.3 %
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Total Net Loans487.3M 0.8 %
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Net Income-1569000.0000 -516.2 %
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Book Value80.9M -0.4 %
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Book Value x2161.7M -0.4 %
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Book Value x3242.6M -0.4 %
Balance Sheet Highlights
Financial Highlights | The East Carolina Bank | All Insured Commercial Banks in North Carolina |
Balance Sheet $(000) | ||
Total Assets | 865,991 | 671,174 |
Total Net Loans | 487,331 | 423,107 |
Total Deposits | 732,018 | 571,802 |
Total Equity | 80,852 | 68,344 |
Profitability | ||
Net Income | -1,569 | 973 |
Return on Average Assets | -.704 | .492 |
Return on Average Equity | -7.639 | 4.325 |
Net Interest Margin | 3.331 | 3.568 |
Efficiency Ratio | 118.331 | 81.477 |
Noninterest Income/Revenue | 13.622 | 20.097 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 66.574 | 76.413 |
Securities/Assets | .334 | .178 |
Total Equity/Total Assets | .093 | .102 |
Tangible Equity/Tangible Assets | .093 | .095 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 75,943 | 60,948 |
Tier 2 Capital | 7,792 | 6,442 |
Total Capital | 83,735 | 67,368 |
Total Risk Weighted Assets | 621,106 | 453,676 |
Leverage Ratio | 8.57 | 9.371 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 12.23 | 13.408 |
Total Capital Ratio | 13.48 | 14.823 |
Timeline for The East Carolina Bank
Vantagesouth Bank
The East Carolina Bank was acquired by Vantagesouth Bank 11 years
View Profile Apr 01 2013Ecb Bancorp, Inc.
Ecb Bancorp, Inc. became a new parent organization for The East Carolina Bank.
View Profile Jul 22 1998The East Carolina Bank
The East Carolina Bank was established 105 years ago and is currently headquartered in Engelhard, NC.
Jan 01 1919Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Vantagesouth Bank | Buyer | 2,137,905 | Acquisition | Discontinued | 4/1/2013 |
Relationships | Role | Relationship Start | Relationship End |
Ecb Bancorp, Inc. | Parent | 7/22/1998 | 3/31/2013 |
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