Asheville Savings Bank, S.S.B. in Asheville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


Asheville Savings Bank, S.S.B. - Overview

  • General
  • FDIC Certificate #: 29663
    Status: Active
    Federal Reserve ID: 342175
    Bank Holding Company (Regulatory Top Holder): Asb Bancorp, Inc. (RSSDID: 4281441, Location: Asheville, NC)
    Date Established: March 01, 1936
    WWW: http://www.ashevillesavings.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: No)
    OTS Docket #: 3846
    FDIC's unique #: 42497
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: April 03, 1936
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 11 Church Street, Asheville, NC 28801
    County: Buncombe
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Charlotte
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Asheville, NC (#480)
    Combined Statistical Area (CSA): Asheville-Brevard, NC (#120)
    Core Based Statistical Area (CBSA): Asheville, NC (#11700)
    CBSA Metro Statistical Area: Asheville, NC (#11700)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $785.8 mil
    Equity capital: $89.7 mil
    Deposits held in domestic offices: $625.3 mil
    Return on assets (ROA): 0.16% ($1.3 mil)
    Quarterly return on assets: -0.33% (-$2.6 mil)
    Return on Equity (ROE): 1.78% ($1.6 mil)
    Quarterly return on equity: -3.34% (-$3.0 mil)
    Net income: $1.2 mil
    Quarterly Net income: -$0.7 mil
    Pretax return on assets: 0.24% ($1,886.0 mil)
    Quarterly Pretax return on assets: -0.56% (-$4,400.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 167Total employees (full-time equivalent)
  • $785,846Total assets
  • $69,310Cash and due from depository institutions
  • $58,064Interest-bearing balances
  • $247,002Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $429,078Net loans & leases
  • $10,627Loan loss allowance
  • $0Trading account assets
  • $14,052Bank premises and fixed assets
  • $8,125Other real estate owned
  • $0Goodwill and other intangibles
  • $785,846Life insurance assets
  • $18,279All other assets
  • $696,125Total liabilities and capital
  • $625,295Total liabilities
  • $545,753Total deposits
  • $625,295Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 758.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $64,407Trading liabilities
  • $0Other borrowed funds
  • $5,665Subordinated debt
  • $89,721All other liabilities
  • $89,721Total equity capital
  • $89,721Total bank equity capital
  • $0Perpetual preferred stock
  • $28Common stock
  • $27,984Surplus
  • $61,709Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $6,814Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $20,622Income earned, not collected on loans
  • $0Earning assets
  • $2,532Long-term assets (5+ years)
  • $734,144Average Assets, year-to-date
  • $267,571Average Assets, quarterly
  • $768,169Volatile liabilities
  • $792,367Insider loans
  • $416,462FHLB advances
  • $801,583Loans and leases held for sale
  • $111Unused loan commitments
  • $111Tier 1 (core) risk-based capital
  • $88,897Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $117,446Restructured Loans and leases
  • $5,875Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $29,051Total interest income
  • $8,674Total interest expense
  • $20,377Net interest income
  • $3,785Provision for loan and lease losses
  • $5,702Total noninterest income
  • $0Fiduciary activities
  • $2,243Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,459Additional noninterest income
  • $21,830Total noninterest expense
  • $9,918Salaries and employee benefits
  • $2,300Premises and equipment expense
  • $9,612Additional noninterest expense
  • $464Pre-tax net operating income
  • $1,397Securities gains (losses)
  • $621Applicable income taxes
  • $1,240Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,240Net income attributable to bank
  • $0Net charge-offs
  • $1,240Cash dividends
  • $5,834Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.07%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 2.85%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 3.06%Noninterest expense to earning assets
  • 0.04%Net operating income to assets
  • 0.16%Return on assets (ROA)
  • 0.24%Pretax return on assets
  • 1.78%Return on equity (ROE)
  • 1.78%Retained earnings to average equity (YTD only)
  • 1.24%Net charge-offs to loans
  • 64.88%Credit loss provision to net charge-offs
  • 0.73%Efficiency ratio
  • 83,707Assets per employee
  • 4.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.42%Loss allowance to noncurrent loans
  • 51.53%Noncurrent assets plus other real estate owned to assets
  • 3.66%Noncurrent loans to loans
  • 4.69%Net loans and leases to deposits
  • 68.62%Net loans and leases to core deposits
  • 72.12%Equity capital to assets
  • 11.42%Core capital (leverage) ratio
  • 11.09%Tier 1 risk-based capital ratio
  • 21.35%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $768,169Average earning assets
  • $69,825Average equity
  • $713,774Average loans

List of branches

  • 13 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042497Asheville Savings Bank, S.S.b.11 Church Street, Asheville, NC 28801March 01, 1936Full Service Brick and Mortar
    1276691300 W State Street Branch300 W State Street, Black Mountain, NC 28711March 01, 1936Full Service Brick and Mortar
    2276692Mars Hill Branch105 North Main Street, Mars Hill, NC 28754March 01, 1936Full Service Brick and Mortar
    3276693Skyland Branch1879 Hendersonville Road, Asheville, NC 28803March 01, 1936Full Service Brick and Mortar
    10027669410 South Tunnel Road Branch10 South Tunnel Road, Asheville, NC 28805March 01, 1936Full Service Brick and Mortar
    101276695778 Merimon Ave Branch778 Merrimon Ave, Asheville, NC 28804March 01, 1936Full Service Brick and Mortar
    10343823Marion Branch162 North Main Street, Marion, NC 28752January 01, 1904Full Service Brick and Mortar
    1042766961012 Patton Avenue Branch1012 Patton Avenue, Asheville, NC 28806March 01, 1936Full Service Brick and Mortar
    108276700Hendersonville Branch601 North Main Street, Hendersonville, NC 28792September 28, 1992Full Service Brick and Mortar
    109359703Market Street Branch2 Market Street, Brevard, NC 28712Febuary 20, 2001Full Service Brick and Mortar
    110364091Reynolds Branch5 Olde Eastwood Village Blvd, Asheville, NC 28803November 13, 2001Full Service Brick and Mortar
    111427995Candler Branch907 Smoky Park Highway, Candler, NC 28715November 03, 2003Full Service Brick and Mortar
    112471469Fletcher Branch3551 Hendersonville Road, Fletcher, NC 28732Febuary 06, 2008Full Service Brick and Mortar

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