New Century Bank (NC)

New Century Bank (NC) is headquartered in Dunn and is the 31^st largest bank in the state of North Carolina. It is also the 1,167^th largest bank in the nation. It was established in 2000 and as of March of 2012, it had grown to 117 employees at 9 locations. New Century Bank (NC) has a 2-star health rating.

Data for Q1 2012

Institution Statistics New Century Bank FDIC Certificate # 35465 BankRate Report View Year Established 2000 Employees 117 Primary Regulator FDIC Assets and Liabilities Assets $579.65 million Loans $391.74 million Deposits $491.83 million Equity Capital $62.02 million Loan Loss Allowance $9.57 million Unbacked Noncurrent Loans $19.19 million Real Estate Owned $2.39 million Historic Data - March 2011 Assets $630.26 million Equity Capital $59.76 million Loan Loss Allowance $10.12 million Unbacked Noncurrent Loans $10.76 million Real Estate Owned $5.02 million Profit Margin - Quarterly Net Interest Margin 3.75% Return on Assets 1.49% Return on Equity 14.29% Interest Income $6.69 million

Institution Health Overall Score: 2 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 New Century Bank (NC) had $21.58 million in non-current loans and owned real-estate with $71.59 million in equity and loan loss allowances on hand to cover it. This gives New Century Bank (NC) a Texas Ratio of 30.14% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for New Century Bank (NC) increased slightly from 22.58% as of March 31, 2011 to 30.14% as of March 31, 2012, resulting in a negative change of 33.46%. This indicates that the balance sheet and financial strength for New Century Bank (NC) has declined slightly in recent periods. Deposit Growth In the past year, New Century Bank (NC) has decreased its total deposits by -$50.84 million, resulting in -9.37% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth New Century Bank (NC) has shown is poor. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. New Century Bank (NC) has $579.65 million in assets with $71.59 million in equity, resulting in a capitalization level of 12.35%, which is excellent.

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