This institution is no longer active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

CompareWatch

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.51%

Is this bank safe?

PIEDMONT BANK holds a Satisfactory CRA rating (1999), meets basic financial requirements (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%

Above avg for Small banks. Peer avg: 0.44%

ROE

8.05%

Risk-Based Capital

9.26%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

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

ROA0.51%Peer avg: 0.44%▲ Above avg

Risk-Based Capital9.26%Peer avg: 23.03%▼ Below avg

Mortgage Denial Rate3.06%Peer avg: 6.90%▼ Fewer than 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%
2020	144	93.75%	0.69%
2019	133	93.23%	1.50%
2018	104	94.23%	0.00%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Small bank avg: 6.90% · above-average shown in red

This is the only examination on record for this bank.

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