First Hanover Bank
Wilmington, NC · Owner: First Hanover Bcorp Inc
$48.2M
total assets, September 30, 1991
$48.2M
total assets, September 30, 1991
First Hanover Bank was a state nonmember bank in Wilmington, NC, owned by First Hanover Bcorp Inc. It failed on Oct 25, 1991, and Central Carolina Bank And T took over its deposits. At its last report it held $48.2 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1991
This bank failed
- Failed on
- Oct 25, 1991
- Assets
- $48.2M
- Deposits
- $46.5M
- Estimated cost
- $5.7M
- Deposits went to
- Central Carolina Bank And T, Durham, NC
Total assets
$48.2M
-27.4% in a year · -23.6% in a quarter
Deposits
$46.5M
-23.7% in a year · -15.2% in a quarter
Loans
$40.4M
-21.0% in a year · -19.1% in a quarter
Profit so far
-$2.8M
Jan 1 to Sep 30, 1991 · -11420.0% in a year
Capital ratio
0.65%
-5.90 pts in a year
Return on assets
-6.10%
-6.15 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 4710 Oleander Drive, Wilmington, NC, 28403
- County
- Brunswick
- Holding company
- First Hanover Bcorp Inc
- Established
- Feb 17, 1986
- Failed
- Oct 25, 1991
- Employees
- 37
- Id
- b26561
Quarter by quarter
March 31, 1986 to September 30, 1991
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First Hanover Bank?
$48.2 million in total assets and $46.5 million in deposits as of September 30, 1991, with assets down 27.4% from a year before. Its loans were $40.4 million.
Is First Hanover Bank profitable?
No: it lost $2.83 million from January 1 to September 30, 1991. Its return on assets was -6.10% a year; about 1% is typical.
Who owns First Hanover Bank?
First Hanover Bank is owned by First Hanover Bcorp Inc, its holding company.
When did First Hanover Bank fail?
Oct 25, 1991. Central Carolina Bank And T of Durham, NC took over its deposits. The estimated cost of the failure was $5.70 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.