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Scott Custer, CEO of Crescent and Piedmont Community, mentioned the quarterly results uncover how the distillate of new capital, joined with other moves, have softened Crescent's financial strength.
"We have significantly softened funds ratios, significantly softened problem-asset ratios, significantly softened nonperforming assets," he said.
Custer is the one-time CEO of RBC Bank.
Crescent's nonperforming loans amounted to 4.14 percent of complete loans as of Dec. 31, down from 7 percent Sept. 30.
Crescent has 15 branches, 11 of that are in the Triangle.
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