Issue link: http://businessnc.epubxp.com/i/246526
AROUND THE STATE LARGEST FINANCIAL INSTITUTIONS BY REVENUE COMPANY HEADQUARTERS 2012 REVENUE* ASSETS (millions) (millions) $98,897.4 10,580.9 NET INCOME DEPOSITS (millions) (millions) $2,212,004.5 $4,188.0 $1,107,166.1 183,872.4 1,979.1 133,075.3 1 Bank of America Charlotte 2 BB&T; Winston-Salem 3 First Citizens BancShares Raleigh 1,163.7 21,283.7 134.3 18,086.0 4 State Employees' Raleigh 846.1 25,475.8 120.8 23,335.0 5 First Bancorp Troy 153.3 3,246.9 (23.4) 2,823.3 6 BNC Bancorp1 High Point 137.5 3,083.8 10.5 2,656.3 7 Coastal Federal Raleigh 117.6 2,166.2 30.0 1,810.9 8 Southern BancShares Mount Olive 102.8 2,050.5 18.5 1,706.2 9 Truliant Federal Winston-Salem 89.8 1,611.8 11.8 1,436.0 10 Square 1 Financial Durham 82.8 1,804.6 14.4 1,512.5 11 Yadkin Financial Elkin 78.7 1,923.6 (8.7) 1,631.7 12 FNB United2 Asheboro 76.5 2,151.6 (40.0) 1,906.9 13 NewBridge Bancorp Greensboro 73.4 1,708.7 (25.3) 1,332.5 14 Park Sterling Bank3 Charlotte 68.6 2,034.2 4.3 1,633.7 15 Allegacy Federal Winston-Salem 64.0 991.4 4.3 831.3 16 Fidelity BancShares Fuquay-Varina 62.3 1,862.8 4.9 1,651.0 1,126.7 17 Local Government Federal Raleigh 61.1 1,232.7 11.1 18 VantageSouth Bank4 Raleigh 58.8 1,089.8 1.1 871.0 19 Live Oak Banking Wilmington 53.8 337.5 19.6 288.8 20 Peoples Bancorp of North Carolina Newton 50.6 1,013.5 5.8 781.5 21 Carolina Bank Holdings Greensboro 48.4 692.1 7.5 591.2 602.2 22 First South Bancorp Washington 43.8 721.5 3.0 23 First National Bank5 Shelby 42.2 853.8 (3.4) 641.4 24 Marine Federal Jacksonville 41.1 714.1 3.1 643.2 25 High Point Bank High Point 39.7 819.9 1.9 643.7 26 Paragon Commercial Raleigh 38.2 957.7 3.2 700.3 27 HomeTrust Bancshares6 Asheville 36.6 1,586.9 3.4 1,155.0 28 Four Oaks Fincorp Four Oaks 36.5 869.1 (3.7) 699.9 29 Macon Bancorp Franklin 35.9 770.7 0.1 675.2 30 North State Bancorp Raleigh 34.2 711.7 1.8 641.7 31 Piedmont Federal Savings Bank Winston-Salem 32.9 923.4 4.0 703.7 32 Uwharrie Capital7 Albemarle 31.3 545.0 0.4 457.6 33 Asheville Savings Bank8 Asheville 31.1 749.6 0.9 579.6 34 Self-Help9 Durham 31.0 579.9 3.7 493.8 35 1st Financial Services Hendersonville 30.7 710.4 1.3 683.8 36 F&M; Financial Salisbury 29.6 519.1 1.8 431.8 37 New Century Bancorp Dunn 27.7 588.2 4.6 498.6 38 Self-Help Federal9 Durham 22.8 410 4.6 342.2 39 Charlotte Metro Federal Charlotte 19.3 285.6 3.2 256.4 40 Bank of the Carolinas Mocksville 18.9 437.4 (4.6) 373.0 41 Bank of Oak Ridge10 Oak Ridge 18.7 342.6 (1.9) 308.0 42 TrustAtlantic Bank11 Raleigh 17.5 369.7 5.3 320.9 43 Fort Bragg Federal Fort Bragg 16.7 400.4 0.9 362.0 44 Randolph Bank & Trust Asheboro 16.5 295.9 0.2 263.2 45 Lumbee Guaranty Bank Pembroke 16.4 326.1 2.1 284.9 46 Carolinas Telco Federal Charlotte 15.9 366.6 1.7 309.8 47 KS Bank12 Smithfield 15.6 314.7 0.9 244.2 48 LifeStore Bank13 West Jefferson 15.5 265.9 0.6 190.9 49 First Carolina Corporate Greensboro 15.3 1,382.8 4.6 1,259.7 50 Harrington Bank14 Chapel Hill 14.9 269.5 (1.7) 238.8 Source: SNL Financial Red indicates credit union *noninterest plus interest income 1 2 3 4 operates as Bank of North Carolina subsidiaries include CommunityOne Bank and Bank of Granite holding company is Park Sterling Corp. holding company is Crescent 5 6 Financial Bancshares acquired by Little Rock, Ark.-based Bank of the Ozarks in July 2013 divisions include Tryon Federal Bank, Shelby Bank, Home Savings Bank, Industrial 7 8 Federal Bank, Cherryville Federal Bank and Rutherford County Bank subsidiaries include Anson Bank & Trust, Cabarrus Bank & Trust and Bank of Stanly holding company 9 10 11 is ASB Bancorp affiliated with nonprofit Center for Community Self-Help holding company is Oak Ridge Financial Services Inc. holding company is TrustAtlantic Finan12 13 14 cial Corp. holding company is KS Bancorp Inc. holding company is LifeStore Financial Group holding company is Community First Financial Group Inc. 78 NO RT H C AROL I NA E CO NOMI C DE V ELOP M E N T GU IDE