This institution is no longer active

Operations ceased on July 31, 2002. CRA examination history below reflects the period it was active.

PIEDMONT BANK

STATESVILLE, NC · Supervised by FDIC

Est. 1997FDIC #34,437RSSD: FDIC-34437

Part ofMAIN STREET BANKSHARES INC→ View all charters

Satisfactory

Current rating · Exam: March 1999

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.51%

Institution Profile

FDIC BankFind

Address

325 East Front Street, STATESVILLE, NC

County

Iredell County

Established

July 1, 1997

Total Assets

$245M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

March 1, 1999

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 27 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q2 2002Call Report / FDIC

Total Assets

$245M

Total Deposits

$209M

Net Loans

$169M

Net Income

$620K

ROA

0.51%

ROE

8.05%

Risk-Based Capital

9.26%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

Mortgage Denial Rate3.06%Peer avg: 7.63%▲ Above avg

Unlock peer list → See which specific banks are in this peer group.

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2024	98	88.78%	3.06%
2023	110	83.64%	6.36%
2022	164	90.85%	7.32%
2021	126	85.71%	6.35%
2020	144	93.75%	0.69%
2019	133	93.23%	1.50%
2018	104	94.23%	0.00%

2024 national avg denial rate: 23.75% · Small bank avg: 7.63% · above-average shown in red

This is the only examination on record for this bank.

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