North State Bank
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Data as of · sourced from FFIEC call reports. How we update
North State Bank is an FDIC-insured commercial bank headquartered in Raleigh, NC, established in 2000 (FDIC certificate 35519), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $1.46B, up 5.8% from Q2 2025, the 12th largest of 38 banks headquartered in North Carolina. Its CET1 capital ratio was 11.34% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 35519
- Headquarters
- Raleigh, NC
- Established
- 2000
- Total assets, Q2 2026
- $1.46B
- Assets vs Q2 2025
- +5.8%
- CET1 ratio, Q2 2026
- 11.34%
- Domestic offices
- 7 FDIC institution directory, current count
- Routing number
- 053112356
- Holding company
- NORTH STATE BANCORP
- Asset rank in state
- 12th of 38 in North Carolina
North State Bank spends more to run itself than most banks of its size. It reported $1.5 billion in assets at June 30, 2026, up 5.8% from a year earlier. It spends about 81 cents to bring in each dollar of revenue, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 58 cents). It also funds 8.50% of its assets with Tier 1 capital, lower than about 9 in 10 banks its size (median 10.52%).
Loans and deposits moved in opposite directions: over the year loans fell 0.7% and deposits rose 6.7%. Its $178 million non-owner-occupied commercial real estate book is improving, with 0.49% past due or on nonaccrual, down from 1.65% a year earlier. Profitability lags: it earns about $0.81 a year on every $100 of assets, lower than about three-quarters of banks its size (median $1.29).
As of June 30, 2026, North State Bank reported a CET1 capital ratio of 11.34%, a return on assets of 0.81%, a nonperforming-loan ratio of 0.17% and a Texas ratio of 1.68%. The figures come from its call report filed with the FFIEC.
North State Bank ranks as the 12th largest of the 38 banks based in North Carolina, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 0.3% to $1.46B, loans fell 1.0% and deposits rose 0.2%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 32.5% of total loans, followed by owner-occupied commercial real estate loans at 24.7%. The FDIC Summary of Deposits lists 7 offices for it, in Raleigh, NC, Wilmington, NC and Garner, NC; its Raleigh 5 offices book 86% of its branch deposits. By the capital ratios in its Q2 2026 call report, North State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 6204 Falls Of The Neuse Road, Raleigh, NC 27609
- County
- Wake
- Metro Area
- Raleigh-Cary, NC
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- June 1, 2000
- Domestic offices
- 7 FDIC institution directory, current count
- Employees (FTE)
- 196
- Domestic deposits
- $1.23B
- Allowance for credit losses
- $7.7M
- Net charge-offs (YTD)
- -$197K
- Average total assets
- $1.44B
- Average total loans
- $1.17B
- Average interest-bearing deposits
- $803.0M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- June 1, 2000
- FDIC Cert
- 35519
- Fed RSSD
- 2915461
- Website
- http://www.northstatebank.com →
- Parent Holding Company
- NORTH STATE BANCORP (RSSD 3109070)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, North State Bank's total assets ranged from $1.35B (Q3 2023) to $1.46B (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.46B total assets against $1.38B; $1.34B total liabilities against $1.26B.
$1.16B net loans and leases against $1.16B; $1.23B total deposits against $1.15B.
$49.7M securities against $53.8M; $171.1M cash and balances due against $78.0M.
$18.6M total interest income against $18.2M; $4.8M total interest expense against $5.2M.
$13.7M net interest income against $13.0M.
$2.1M total noninterest income against $2.3M; $12.9M total noninterest expense against $12.1M.
-$19K provision for credit losses against $449K.
$2.9M net income against $2.8M.
0.81% return on assets against 0.78%; 4.04% net interest margin against 3.93%.
11.34% CET1 capital ratio against 10.87%; 8.50% tier 1 leverage ratio against 8.37%.
Inside the full North State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
North State Bank rankings
Its closest position to the top of a national ranking is 752 of 4,196, for total assets; its furthest is 3,288 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.70% (Q1 2025) to 1.36% (Q4 2025) and its net interest margin ran from 3.55% (Q3 2024) to 4.27% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.34% | 0.81% | 0.17% | 1.68% | 4.04% |
| Q1 2026 | 11.15% | 0.77% | 0.13% | 1.18% | 3.87% |
| Q4 2025 | 11.28% | 1.36% | 0.12% | 1.04% | 3.93% |
| Q3 2025 | 11.23% | 0.99% | 0.14% | 1.28% | 4.27% |
| Q2 2025 | 10.87% | 0.78% | 0.24% | 2.25% | 3.93% |
| Q1 2025 | 10.83% | 0.70% | 0.24% | 2.30% | 3.70% |
| Q4 2024 | 10.76% | 0.71% | 0.25% | 2.34% | 3.72% |
| Q3 2024 | 10.63% | 0.85% | 0.27% | 2.64% | 3.55% |
Swipe the table sideways to see every column.
Branch Network
View all 7 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| North State Bank (main office) | Raleigh , NC | 27609 | $694.0M |
| North Hills Branch | Raleigh , NC | 27609 | $107.4M |
| Downtown Office Branch | Raleigh , NC | 27601 | $106.7M |
| Wilmington Office Branch | Wilmington , NC | 28403 | $93.2M |
| Garner Village Shopping Ctr. Branch | Garner , NC | 27529 | $79.0M |
| West Raleigh Branch | Raleigh , NC | 27607 | $74.0M |
| Wake Forest Main Branch | Raleigh , NC | 27614 | $72.4M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| October 11, 2012 | Delisting | deregistration | SEC |
| August 1, 2012 | Delisting | deregistration | SEC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in NC, rank 26 of 82 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 608 applications, 501 loans originated, $197.8M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 36 loans, $28.6M approved, $795K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about North State Bank
What are North State Bank's total assets?
As of the Q2 2026 filing, North State Bank reported total assets of $1.46 billion in its FFIEC call report.
Where is North State Bank headquartered?
It is headquartered in Raleigh, NC, United States.
When was North State Bank founded?
It was established in 2000, per the FDIC institution directory.
Is North State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #35519). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates North State Bank?
North State Bank's primary federal regulator is the Federal Reserve.
What is North State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.34% in its Q2 2026 call report, above regulatory requirements.
How many branches does North State Bank operate?
It operates 7 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is North State Bank's Texas Ratio?
Its Texas Ratio is 1.68% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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