North State Bank

6204 Falls Of The Neuse Road
Raleigh, NC 27609

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 35519
Date Established 2000
Assets $0.94 billion
Loans $0.76 billion
Deposits $0.86 billion
Capital $0.08 billion

North State Bank is an FDIC insured institution located in Raleigh, NC. It was founded in 2000 and has approximately $0.94 billion in assets. Customers can open an account at one of its 7 branches.

For a more detailed analysis of North State Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 22, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1,000 $9,999 Learn MoreShow Less
Money Market
0.10% $10,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
0.55% $10,000 $49,999 Learn MoreShow Less
3 Mo CD
0.60% $100,000 - Learn MoreShow Less
0.55% $10,000 $49,999 Learn MoreShow Less
6 Mo CD
0.60% $100,000 - Learn MoreShow Less
1.51% $10,000 $49,999 Learn MoreShow Less
12 Mo CD
1.51% $100,000 - Learn MoreShow Less
1.71% $10,000 $49,999 Learn MoreShow Less
18 Mo CD
1.71% $100,000 - Learn MoreShow Less
1.77% $10,000 $49,999 Learn MoreShow Less
24 Mo CD
1.77% $100,000 - Learn MoreShow Less
1.77% $10,000 $49,999 Learn MoreShow Less
30 Mo CD
1.77% $100,000 - Learn MoreShow Less
2.02% $10,000 $49,999 Learn MoreShow Less
36 Mo CD
2.02% $100,000 - Learn MoreShow Less
2.07% $10,000 $49,999 Learn MoreShow Less
48 Mo CD
2.07% $100,000 - Learn MoreShow Less
2.12% $10,000 $49,999 Learn MoreShow Less
60 Mo CD
2.12% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
0.70% $500 $9,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
0.35% $1 $10,000 Learn MoreShow Less

Loan Rates - September 22, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for North State Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.536% 3.500% 0.50 $1,108 $1,123 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

Note to North State Bank
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Branches

North State Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


North State Bank Locations


Financial Details

North State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of North State Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
North State Bank U.S. Bank Average
1.98% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, North State Bank had $1,357,000 in non-current loans and $311,000 in owned real estate. To cover these potential losses it had $79,606,000 in equity and $4,449,000 in loans loss reserves. That gives it a Texas Ratio of 1.98%.

Return on Equity
North State Bank U.S. Bank Average
15.11% 9.47%

North State Bank has a Return on Equity of 15.11% versus the BestCashCow average of 9.47%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
North State Bank U.S. Bank Average
8.46% 12.49%

North State Bank has a Capitalization of 8.46% versus the BestCashCow average of 12.49. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

North State Bank Balance Sheet Analysis

As of March 31, 2019, North State Bank had assets of $940,910,000, loans of $755,102,000, and deposits of $855,685,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.11 billion
Interest-bearing balances $0.10 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.76 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.02 billion
     Total Assets $0.86 billion
LIABILITIES
Total deposits $0.86 billion
      Interest-bearing deposits $0.50 billion
      Deposits held in domestic offices $0.86 billion
      % insured (estimated) 81.55%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.86 billion
      Shareholders’ Equity $0.08 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in North State Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks, North State Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 29.39
Multifamily
Mortgages
4.96
Credit Card Loans 0.00
Consumer Auto Loans 0.04
Small Business Loans 0.00
Construction and Development Loans 9.67
Commercial Real Estate 44.49
Commercial and Industrial Loans 10.87
Farm Loans 0.00

Frequently Asked Questions About North State Bank

Branches and Savings

Is North State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35519.

Why does North State Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are North State Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is North State Bank a commercial bank?

Yes

Where are North State Bank locations?

See branch locations nearby.

Is North State Bank open on Saturdays?

Is North State Bank open on Sundays?

What time does North State Bank open?

What time does North State Bank close?

Are North State Bank ATMs Open 24/7?

Do North State Bank ATMs accept cash deposits?

Can North State Bank customers use other ATMs?

Do North State Bank branches have notaries?

Will North State Bank notarize my document?

What address for North State Bank should I put for incoming ACH transfers?

Will the North State Bank branch print checks?

Do North State Bank checks expire?

Does North State Bank require US citizenship to open account?

Can North State Bank close my account?

Does North State Bank Report to credit bureaus?

Does North State Bank Use Equifax?

What is North State Bank's ACH Routing Number?

What is North State Bank's SWIFT code?

Products

Does North State Bank offer mortgages?

Compare mortgage rates here.

Does North State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does North State Bank offer personal loans?

Compare personal loan rates here.

Does North State Bank offer student loans?

Will North State Bank cash a check?

Will North State Bank redeem a savings bond?

Does North State Bank cash savings bonds?

Will North State Bank cash money orders?

Can North State Bank issue a money order?

Does North State Bank do currency exchange?

Background on The Bank

Who owns North State Bank?

How long has North State Bank been around?

Can North State Bank transfer to other banks?

Does North State Bank have quick pay?

Does North State Bank accept rolled coins?

Will North State Bank accept loose change?

Where is North State Bank headquarters?

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