Black Mountain Savings Bank, SSB in Black Mountain, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


Black Mountain Savings Bank, SSB - Overview

  • General
  • FDIC Certificate #: 27897
    Status: Active
    Federal Reserve ID: 444677
    Date Established: April 04, 1923
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 507
    FDIC's unique #: 40731
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: July 10, 1985
    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: 200 E State Street, Black Mountain, NC 28711
    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: $36.0 mil
    Equity capital: $4.2 mil
    Deposits held in domestic offices: $31.4 mil
    Return on assets (ROA): 0.70% ($0.3 mil)
    Quarterly return on assets: 0.84% ($0.3 mil)
    Return on Equity (ROE): 6.21% ($0.2 mil)
    Quarterly return on equity: 7.36% ($0.3 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.13% ($406.8 mil)
    Quarterly Pretax return on assets: 1.34% ($482.4 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
  • 6Total employees (full-time equivalent)
  • $36,003Total assets
  • $8,921Cash and due from depository institutions
  • $8,632Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $26,724Net loans & leases
  • $45Loan loss allowance
  • $0Trading account assets
  • $126Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $36,003Life insurance assets
  • $232All other assets
  • $31,836Total liabilities and capital
  • $31,434Total liabilities
  • $31,434Total deposits
  • $31,434Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $402Subordinated debt
  • $4,167All other liabilities
  • $4,167Total equity capital
  • $4,167Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $4,167Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7Income earned, not collected on loans
  • $0Earning assets
  • $5Long-term assets (5+ years)
  • $35,356Average Assets, year-to-date
  • $22,598Average Assets, quarterly
  • $35,688Volatile liabilities
  • $36,034Insider loans
  • $15,143FHLB advances
  • $36,240Loans and leases held for sale
  • $52Unused loan commitments
  • $52Tier 1 (core) risk-based capital
  • $4,167Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $355Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,693Total interest income
  • $383Total interest expense
  • $1,310Net interest income
  • $15Provision for loan and lease losses
  • $8Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8Additional noninterest income
  • $898Total noninterest expense
  • $603Salaries and employee benefits
  • $53Premises and equipment expense
  • $242Additional noninterest expense
  • $405Pre-tax net operating income
  • $0Securities gains (losses)
  • $154Applicable income taxes
  • $251Income before extraordinary items
  • $0Extraordinary gains - net
  • $251Net income attributable to bank
  • $0Net charge-offs
  • $251Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.84%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 3.75%Net interest margin
  • 0.02%Noninterest income to earning assets
  • 2.57%Noninterest expense to earning assets
  • 0.70%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 1.13%Pretax return on assets
  • 6.21%Return on equity (ROE)
  • 6.21%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 68,134Assets per employee
  • 6.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.17%Loss allowance to noncurrent loans
  • 642.86%Noncurrent assets plus other real estate owned to assets
  • 0.02%Noncurrent loans to loans
  • 0.03%Net loans and leases to deposits
  • 85.02%Net loans and leases to core deposits
  • 85.02%Equity capital to assets
  • 11.57%Core capital (leverage) ratio
  • 11.50%Tier 1 risk-based capital ratio
  • 27.52%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $35,688Average earning assets
  • $4,042Average equity
  • $34,970Average loans

List of branches

  • 1 North Carolina Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    040731Black Mountain Savings Bank, Ssb200 E State Street, Black Mountain, NC 28711April 04, 1923Full Service Brick and Mortar

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