Capital Bank Corporation (merged into First Tennessee Bank)
Capital Bank Corporation reported total assets of $10.1 bn at Q3 2017, its last Call Report before it merged into First Tennessee Bank. The CET1 capital ratio at Capital Bank Corporation was 12.69%, and the uninsured share of Capital Bank Corporation was 27.63%. Source: FDIC Call Reports.
Key takeaways
- Since , Capital Bank Corporation has taken over one institution; the latest was Communityone Bank, National Association on (FDIC Call Reports).
What sets Capital Bank Corporation apart
How large is Capital Bank Corporation?
The balance sheet of Capital Bank Corporation at : assets $10.1 bn, deposits $8.2 bn, net loans $7.6 bn (loans equal to 92.11% of deposits). Securities make up 15.5% of total assets at Capital Bank Corporation. Since , when Capital Bank Corporation held $7.5 bn, its assets grew 35.5%. In the year to , deposits at Capital Bank Corporation rose 33.0% while its total assets rose 30.2%. At , Capital Bank Corporation employed 1,689 full-time equivalent staff across 186 offices, about $6.0 mn of assets per employee and $44.2 mn of deposits per office.
How much funding at Capital Bank Corporation is uninsured?
At Capital Bank Corporation, uninsured deposits (above the FDIC limit) made up 27.63% of domestic deposits at (-0.60 pp on a year earlier). In dollars, Capital Bank Corporation estimated $2.3 bn of uninsured deposits.
Key facts, Q3 2017
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $8.2 bn | $6.2 bn (Q3 2016) | |
| Net loans and leases | $7.6 bn | $5.9 bn (Q3 2016) | |
| Loan-to-deposit ratio | 92.11% | 95.39% (Q3 2016) | |
| Tier 1 leverage ratio | 10.87% | 10.53% (Q3 2016) | |
| Total risk-based capital ratio | 13.23% | 12.70% (Q3 2016) | |
| Net interest margin | 3.81% | 3.66% (Q3 2016) | |
| Return on assets (ROA) | 1.02% | 0.90% (Q3 2016) | |
| Efficiency ratio | 55.16% | 60.44% (Q3 2016) | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $3.2 mn | Fell by $5.6 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $5.3 mn | Turned from a gain into a loss | |
| Noncurrent loans to total loans | 0.38% | 0.34% (Q3 2016) | |
| Net charge-offs to average loans | 0.11% | 0.10% (Q3 2016) |
US rank of Capital Bank Corporation: 1 = highest unless marked 1 = lowest.
Balance sheet
Capital Bank Corporation: assets, deposits and loans
- Total assets $10.1bn
- Deposits $8.2bn
- Net loans $7.6bn
Capital and securities
The CET1 ratio of Capital Bank Corporation stood at 12.69% in , +0.70 pp year on year. Low and high at Capital Bank Corporation since : 11.97% () to 12.96% (). Equity capital of Capital Bank Corporation at : $1.4 bn, or 13.8% of total assets. Capital Bank Corporation also reported a total capital ratio of 13.23% for , and a tier 1 leverage ratio of 10.87%.
On held-to-maturity securities, Capital Bank Corporation carried an unrealized gain of $3.2 mn at , equal to 0.2% of equity capital. The gain fell by $5.6 mn over the year. Its deepest point: $3.0 mn in . The available-for-sale portfolio of Capital Bank Corporation showed an unrealized loss of $5.3 mn at ; the loss turned from a gain into a loss over the year.
Capital Bank Corporation: capital ratios
- Total capital 13%
- CET1 13%
- Tier 1 leverage 11%
Capital Bank Corporation: unrealized securities gains and losses
- Available for sale -$5mn
- Held to maturity $3mn
Profitability and loan quality
For the year to , Capital Bank Corporation earned a return on equity of 7.54%; return on assets: 1.02%. Net interest margin at Capital Bank Corporation: 3.81%, +0.15 pp in a year. Capital Bank Corporation net income: $77.2 mn, up 50.5% year on year. The efficiency ratio of Capital Bank Corporation was 55.16%: about 55 cents cost per revenue dollar, against 59 cents at the median peer.
At , noncurrent loans were 0.38% of total loans at Capital Bank Corporation; net charge-offs: 0.11% of average loans. Gross loans and leases at Capital Bank Corporation: $7.6 bn at , against $5.9 bn at .
Capital Bank Corporation: profitability
- Return on equity 7.5%
- Net interest margin 3.8%
- Return on assets 1.0%
Peer group of Capital Bank Corporation
The peer group of Capital Bank Corporation is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of Capital Bank Corporation (state nonmember bank) and 0 have head offices in North Carolina. Against them, Capital Bank Corporation shows CET1 ratio 12.69% against a peer median of 12.41%, return on equity 7.54% against a peer median of 7.95% and uninsured deposit share 27.63% against a peer median of 20.75%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Renasant Bank | State member bank | MS | $10.3 bn | 12.54% | 7.72% | 24.43% | |
| Banc of California | National bank | CA | $10.3 bn | 15.68% | 7.91% | 53.17% | |
| Banner Bank | State nonmember bank | WA | $10.2 bn | 11.15% | 7.98% | 26.95% | |
| Capital Bank Corporation | State nonmember bank | NC | $10.1 bn | 12.69% | 7.54% | 27.63% | |
| Florida Community Bank | National bank | FL | $10.0 bn | 10.83% | 15.11% | 8.05% | |
| BMW Bank of North America | State nonmember bank | UT | $9.9 bn | 16.79% | 10.07% | 6.33% | |
| WesBanco Bank, Inc. | State nonmember bank | WV | $9.9 bn | 12.29% | 7.60% | 17.07% | |
. FDIC Call Reports.
Last eight quarters
Two years at Capital Bank Corporation, to : assets $7.5 bn to $10.1 bn, deposits $6.0 bn to $8.2 bn, equity $988.5 mn to $1.4 bn. Staff 1,347 to 1,689; offices 158 to 186.
| Metric | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 |
|---|---|---|---|---|---|---|---|
| Total assets | $7.5 bn | $7.6 bn | $7.8 bn | $9.9 bn | $10.1 bn | $10.1 bn | $10.1 bn |
| Total deposits | $6.0 bn | $6.0 bn | $6.2 bn | $8.0 bn | $8.2 bn | $8.2 bn | $8.2 bn |
| Bank equity capital | $988.5 mn | $949.0 mn | $967.4 mn | $1.3 bn | $1.4 bn | $1.4 bn | $1.4 bn |
| CET1 ratio | 12.96% | 11.97% | 11.99% | 12.39% | 12.35% | 12.52% | 12.69% |
| Return on equity (ROE) | 4.90% | 6.42% | 7.06% | 6.26% | 6.73% | 7.28% | 7.54% |
| Uninsured share of domestic deposits | 23.28% | 28.33% | 28.23% | 25.66% | 28.25% | 28.27% | 27.63% |
| Full-time equivalent employees | 1,347 | 1,347 | 1,325 | 1,741 | 1,691 | 1,691 | 1,689 |
| Number of offices | 158 | 158 | 158 | 204 | 201 | 197 | 186 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Capital Bank Corporation, oldest first; figures before and after each event are not like for like.
- . Absorbed Communityone Bank, National Association (FDIC certificate 4879).
- . Merged into First Tennessee Bank, National Association (FDIC certificate 4977).
Large one-quarter moves at Capital Bank Corporation
- Total assets at Capital Bank Corporation changed by +27.6% in the quarter to 2016-12-31: Absorbtion - Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Communityone Bank, National Association.
Questions and identifiers
What were the total assets of Capital Bank Corporation?
Capital Bank Corporation reported $10.1 bn at in its Call Report.
Is Capital Bank Corporation the same as its holding company?
No. This page covers Capital Bank Corporation, FDIC certificate 59049; CAPITAL BANK FINANCIAL CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Capital Bank Corporation profitable?
Capital Bank Corporation reported net income of $77.2 mn for the year to ; annualized return on equity: 7.54%. So yes: Capital Bank Corporation made a profit over these months.
When is data for Capital Bank Corporation next updated?
Capital Bank Corporation no longer files Call Reports; its data ends at .
Where can I check the figures for Capital Bank Corporation?
In the FDIC BankFind Suite record for certificate 59049, and in the Call Reports of Capital Bank Corporation (RSSD ID 4160667) at the FFIEC Central Data Repository.