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FNB United Corp. Reports Operating Results (10-K)

March 14, 2011 | About:

10qk

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FNB United Corp. (FNBN) filed Annual Report for the period ended 2010-12-31.

Fnb United Corp. has a market cap of $3.54 million; its shares were traded at around $0.31 with and P/S ratio of 0.03.

Highlight of Business Operations:

20% of such lending banks capital stock and surplus. These restrictions, other than the 10% of capital limit on covered transactions with any one affiliate, are also applied to transactions between national banks and their financial subsidiaries. In addition, certain transactions with affiliates must be on terms and conditions, including credit standards, that are substantially the same, or at least as favorable to the institution, as those prevailing at the time for comparable transactions involving other nonaffiliated companies or, in the absence of comparable transactions, on terms and conditions, including credit standards, that in good faith would be offered to, or would apply to, nonaffiliated companies.

The federal banking agencies have specified by regulation the relevant capital level for each category as follows: (1) Well capitalized, consisting of institutions with a total risk-based capital ratio of 10.0% or greater, a Tier 1 risk-based capital ratio of 6.0% or greater and a leverage ratio of 5.0% or greater and which are not operating under an order, written agreement, capital directive or prompt corrective action directive; (2) Adequately capitalized, consisting of institutions with a total risk-based capital ratio of 8.0% or greater, a Tier 1 risk-based capital of 4.0%

or greater and a leverage ratio of 4.0% or greater and which do not meet the definition of a well capitalized institution; (3) Undercapitalized, consisting of institutions with a total risk-based capital ratio of less than 8.0%, a Tier 1 risk-based capital ratio of less than 4.0%, or a leverage ratio of less than 4.0%; (4) Significantly undercapitalized, consisting of institutions with a total risk-based capital ratio of less than 6.0%, a Tier 1 risk-based capital ratio of less than 3.0%, or a leverage ratio of less than 3.0%; and (5) Critically undercapitalized, consisting of institutions with a ratio of tangible equity to total assets that is equal to or less than 2.0%.

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10qk
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