Asheville Savings Bank, S.S.B. in city_name, state_name - Detailed Financial Reports, Location

Asheville Savings Bank, S.S.B. in Asheville, North Carolina (NC)
Show street view No street view available for this location

Asheville Savings Bank, S.S.B. routing number info

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

No	ID	Name	Address	Established	Service Type
0	42497	Asheville Savings Bank, S.S.b.	11 Church Street, Asheville, NC 28801	March 01, 1936	Full Service Brick and Mortar
1	276691	300 W State Street Branch	300 W State Street, Black Mountain, NC 28711	March 01, 1936	Full Service Brick and Mortar
2	276692	Mars Hill Branch	105 North Main Street, Mars Hill, NC 28754	March 01, 1936	Full Service Brick and Mortar
3	276693	Skyland Branch	1879 Hendersonville Road, Asheville, NC 28803	March 01, 1936	Full Service Brick and Mortar
100	276694	10 South Tunnel Road Branch	10 South Tunnel Road, Asheville, NC 28805	March 01, 1936	Full Service Brick and Mortar
101	276695	778 Merimon Ave Branch	778 Merrimon Ave, Asheville, NC 28804	March 01, 1936	Full Service Brick and Mortar
103	43823	Marion Branch	162 North Main Street, Marion, NC 28752	January 01, 1904	Full Service Brick and Mortar
104	276696	1012 Patton Avenue Branch	1012 Patton Avenue, Asheville, NC 28806	March 01, 1936	Full Service Brick and Mortar
108	276700	Hendersonville Branch	601 North Main Street, Hendersonville, NC 28792	September 28, 1992	Full Service Brick and Mortar
109	359703	Market Street Branch	2 Market Street, Brevard, NC 28712	Febuary 20, 2001	Full Service Brick and Mortar
110	364091	Reynolds Branch	5 Olde Eastwood Village Blvd, Asheville, NC 28803	November 13, 2001	Full Service Brick and Mortar
111	427995	Candler Branch	907 Smoky Park Highway, Candler, NC 28715	November 03, 2003	Full Service Brick and Mortar
112	471469	Fletcher Branch	3551 Hendersonville Road, Fletcher, NC 28732	Febuary 06, 2008	Full Service Brick and Mortar

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

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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