Capital Bank Corporation
Capital Bank Corporation reported total assets of $10.1 bn at Q3 2017, its last Call Report before it merged into First Tennessee Bank, National Association. Its common equity tier 1 ratio was 12.69%, and an estimated 27.63% of domestic deposits were uninsured. Source: FDIC Call Report data, cross-checked against FFIEC filings.
- Uninsured share of domestic deposits: down 0.64 pp on Q2 2017, to 27.63%
- Bank equity capital: up 1.5% on Q2 2017, to $1.4 bn
- Return on equity (ROE): up 0.26 pp on Q2 2017, to 7.54%
Ranks compare banks in our US coverage that report each metric. Sparklines: the last ten years. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Overview
What stands out about Capital Bank Corporation?
Its largest one-quarter change in total assets since Q1 2016 was +27.6% between Q3 2016 and Q4 2016, when it absorbed Communityone Bank, National Association.
How large is Capital Bank Corporation?
At Q3 2017 the bank held $10.1 bn of assets. Deposits were $8.2 bn and net loans and leases $7.6 bn, a loan-to-deposit ratio of 92.11%. Securities of $1.6 bn made up 15.5% of assets.
Total assets rose 35.5% between Q1 2016 and Q3 2017, from $7.5 bn.
How much of its funding is uninsured?
An estimated 27.63% of domestic deposits were above the FDIC insurance limit at Q3 2017, -0.64 pp from the previous quarter and -0.60 pp from a year earlier.
Key facts, Q3 2017
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total assets | $10.1 bn | +30.2% | |
| Total deposits | $8.2 bn | +33.0% | |
| Net loans and leases | $7.6 bn | +28.4% | |
| Bank equity capital | $1.4 bn | +44.4% | |
| Common equity tier 1 (CET1) ratio | 12.69% | +0.70 pp | |
| Tier 1 leverage ratio | 10.87% | +0.34 pp | |
| Return on equity (ROE) | 7.54% | +0.48 pp | |
| Net interest margin | 3.81% | +0.15 pp | |
| Uninsured share of domestic deposits | 27.63% | -0.60 pp | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $3.2 mn | Fell by $5.6 mn | |
| Noncurrent loans to total loans | 0.38% | +0.03 pp | |
| Net charge-offs to average loans | 0.11% | +0.02 pp |
US rank: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.
Balance sheet
Total assets, deposits and net loans, quarterly, Q1 2016 to Q3 2017. Dashed amber lines mark the merger or acquisition listed under Mergers and acquisitions.
- Total assets $10.1bn
- Deposits $8.2bn
- Net loans $7.6bn
Capital and securities
The common equity tier 1 (CET1) ratio was 12.69% at Q3 2017, +0.70 pp from a year earlier. Since Q1 2016 it has ranged from 11.97% (Q2 2016) to 12.96% (Q1 2016). At Q3 2017 the tier 1 leverage ratio was 10.87% and the total risk-based capital ratio 13.23%. The median CET1 ratio of the size peers listed below was 12.41% at Q3 2017.
Held-to-maturity securities had an unrealized gain of $3.2 mn at Q3 2017, measured as fair value minus amortized cost, equal to 0.2% of bank equity capital. The gain fell by $5.6 mn from a year earlier. The largest unrealized loss on these securities was $3.0 mn at Q4 2016. Available-for-sale securities showed an unrealized loss of $5.3 mn at Q3 2017; the loss turned from a gain into a loss from a year earlier.
Capital ratios
- Total capital 13%
- CET1 13%
- Tier 1 leverage 11%
Unrealized gains and losses on securities
- Available for sale -$5mn
- Held to maturity $3mn
Profitability and loan quality
Return on equity was 7.54% for the year to Q3 2017, annualized, with a return on assets of 1.02% and a net interest margin of 3.81%. The margin was +0.15 pp from a year earlier. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 55.16%. Net income for the year to Q3 2017 was $77.2 mn, up 50.5% on the same period a year earlier. The median return on equity of its size peers was 7.95% for the same period.
Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 0.38% of total loans at Q3 2017. Net charge-offs for the year to date were 0.11% of average loans, annualized.
Profitability
- Return on equity 7.5%
- Net interest margin 3.8%
- Return on assets 1.0%
Compared with banks of similar size
The six banks ranked closest to Capital Bank Corporation by total assets at Q3 2017, three above and three below where possible.
Among the seven banks in the table at Q3 2017, Capital Bank Corporation is 4th by total assets. Its CET1 ratio of 12.69% compares with a peer median of 12.41%, its tier 1 leverage ratio of 10.87% compares with a peer median of 10.29%, and its return on equity of 7.54% compares with a peer median of 7.95%.
| Bank | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|
| Renasant Bank | $10.3 bn | 12.54% | 7.72% | 24.43% | |
| Banc of California | $10.3 bn | 15.68% | 7.91% | 53.17% | |
| Banner Bank | $10.2 bn | 11.15% | 7.98% | 26.95% | |
| Capital Bank Corporation | $10.1 bn | 12.69% | 7.54% | 27.63% | |
| Florida Community Bank | $10.0 bn | 10.83% | 15.11% | 8.05% | |
| BMW Bank of North America | $9.9 bn | 16.79% | 10.07% | 6.33% | |
| WesBanco Bank, Inc. | $9.9 bn | 12.29% | 7.60% | 17.07% | |
Q3 2017. Peer median (the six banks, excluding this one): CET1 12.41%, return on equity 7.95%. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Last eight quarters
Capital Bank Corporation, as reported in its Call Reports.
From Q1 2016 to Q3 2017, total assets rose 35.5% to $10.1 bn, deposits rose 36.3% to $8.2 bn and bank equity capital rose 41.3% to $1.4 bn. Over the same period its full-time equivalent staff went from 1,347 to 1,689 and its offices went from 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 |
| Common equity tier 1 (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 |
Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Mergers and acquisitions
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
- Total assets 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.
Source: FDIC BankFind API, institution history. Moves of more than 25% in one quarter are checked against that history in our review.
Identifiers and sources
- FDIC certificate
- 59049
- Federal Reserve RSSD ID
- 4160667
- Head office
- Raleigh, North Carolina
- Holding company
- CAPITAL BANK FINANCIAL CORP (as reported to the FDIC)
- Holding company RSSD ID
- 4160939
- EconoMonitor ID
- EMB-US-000170
Frequently asked questions
What were Capital Bank Corporation's total assets?
$10.1 bn at Q3 2017, according to its Call Report as published by the FDIC.
Is Capital Bank Corporation the same as its holding company?
No. This page covers the FDIC-insured bank (certificate 59049). Its holding company, CAPITAL BANK FINANCIAL CORP (as reported to the FDIC), reports separately to the Federal Reserve and, if its shares are listed, to the SEC.
How often is this page updated?
Every quarter, after Capital Bank Corporation files its Call Report and the FDIC publishes it. This page shows Q3 2017, loaded on 19 October 2026; any sentence that uses an earlier quarter names it.
Where can I check these numbers?
In the FDIC BankFind Suite record for certificate 59049, and in the Call Reports filed under RSSD ID 4160667 at the FFIEC Central Data Repository.
Sources and definitions
Definitions, Call Report fields and formulas for each metric: Bank equity capital, Common equity tier 1 (CET1) ratio, Deposits in domestic offices, Efficiency ratio, Full-time equivalent employees, Loan-to-deposit ratio, Total loans and leases (gross), Net loans and leases, Net charge-offs to average loans, Net income (year to date), Net interest margin, Noncurrent loans to total loans, Number of offices, Return on assets (ROA), Return on equity (ROE), Available-for-sale securities (amortized cost), Available-for-sale securities (fair value), Held-to-maturity securities (amortized cost), Held-to-maturity securities (fair value), Total securities, Tier 1 leverage ratio, Total assets, Total deposits, Total equity capital, Total risk-based capital ratio, Uninsured share of domestic deposits, Estimated uninsured deposits, Unrealized gain/loss on available-for-sale securities, Unrealized gain/loss on held-to-maturity securities.
Checks for this release: Check A (database against the FDIC download) passed, Check B (FDIC against FFIEC Call Report filings) passed.
Source: FDIC BankFind Suite (Call Report data). EconoMonitor is not affiliated with or endorsed by the FDIC. FDIC BankFind Suite API.
Source: FFIEC Central Data Repository (Call Reports). EconoMonitor is not affiliated with or endorsed by the FFIEC. FFIEC Central Data Repository, Public Data Distribution.
Data and analysis only, not financial advice. The FDIC and the FFIEC do not endorse EconoMonitor. See the disclaimer and methodology.