This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

First NBC Bank Holding Company Announces 2013 Second Quarter Results

Deposits

Total deposits at June 30, 2013 were $2.5 billion, an increase of $131.0 million, or 5.5%, from March 31, 2013, and an increase of $245.1 million, or 10.8%, from December 31, 2012.

The following table sets forth the composition of the Company's deposits at the dates indicated.

         
  June 30, December 31, Increase/(Decrease)
(dollars in thousands) 2013 2012   Amount   Percent
Noninterest-bearing demand $ 250,623 $ 239,538 $ 11,085  5%
NOW accounts  568,198  437,542  130,656  30
Money market deposits  394,155  410,928  (16,773 )  (4 )
Savings deposits  49,032  45,295  3,737  8
Certificates of deposits  1,251,589  1,135,225  116,364  10
Total deposits $ 2,513,597 $ 2,268,528 $ 245,069  11%
         

Net Interest Income

Net interest income for the six month period ended June 30, 2013 totaled $38.9 million, an increase of $2.9 million, or 8.0%, from the six month period ended June 30, 2012. Net interest income for the second quarter of 2013 totaled $19.3 million, a decrease of $0.4 million, or 2.2%, from $19.7 million in the first quarter of 2013.

The Company's net interest margin was 3.03% for the six months ended June 30, 2013, 39 basis points lower than the six months ended June 30, 2012.

4 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs