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The Office of the Commissioner of Banks recently released its annual report on the performance of state-chartered commercial banks and savings institutions.

For the calendar year ended December 31, 2010, overall asset levels declined 2.8% compared to a national growth rate of 1.8%, showing that, although our state was much slower to enter the recession, our exit from it will take longer than in other regions. In 2010, the aggregate return on assets for state-chartered banks and savings institutions increased from a negative 0.13% in 2009 to a positive 0.08%, and the average yield on earning assets increased from 4.93% to 4.96%. In addition, Aggregate Tier 1 Leverage Capital rose from 8.84% to 9.71%, while Total Risk-Based Capital went from 14.04% to 15.21%.

Eight banks attained more than 30% growth over previous year-end assets. They are Bank of North Carolina, Carolina Premier Bank, Forest Commercial Bank, Great State Bank, Live Oak Bank, Old Town Bank, Park Sterling Bank, and Square 1 Bank.

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