North State Bancorp announced audited consolidated earnings results for the year ended December 31, 2012. For the year, the company reported total interest income of $26,301,000 compared with $27,790,000 for the same period a year ago. Net interest income was $22,101,000 compared with $22,467,000 for the same period a year ago. Income before income tax was $2,700,000 compared with $1,738,000 for the same period a year ago. Net income was $1,827,000 or $0.25 per basic and diluted share compared with $1,137,000 or $0.15 per basic and diluted share for the same period a year ago. Return on average assets of 0.27% compared with 0.18% for the same period a year ago. Return on average equity of 4.54% compared with 2.98% for the same period a year ago.

North State Bancorp announced the appointment of James Marable III as the senior vice president and commercial lender for the Wilmington region. As a commercial lender, Marable works with companies to determine the best loan and deposit products and services to meet their needs. This includes identifying, underwriting, and closing complex commercial loans. Prior to joining the bank, Marable most recently served First Citizens Bank as a commercial lender. Active in the Wilmington community, he is a board member for the Catherine Kennedy Home Foundation Board, an advisory board member for Cape Fear Habitat for Humanity, and a member of the Cape Fear Rotary Club.

North State Bancorp has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock of no par value under the Securities Exchange Act of 1934, as amended.