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

This bank is inactive as of June 19, 1993

Caldwell Savings Bank, Inc., S.S.B. in Lenoir, North Carolina (NC)
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Caldwell Savings Bank, Inc., S.S.B. - Overview

General
FDIC Certificate #: 32350
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First-Citizens Bank & Trust Company (#11063)
Federal Reserve ID: 278779
Date Established: September 24, 1979
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 8172
FDIC's unique #: 45184
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: Yes
Date of Deposit Insurance: June 28, 1985
Last Structure Change Effective Date: June 19, 1993
Last Structure Change Process Date: July 15, 1993
Last Data Update: July 15, 1993
Data Source Date: April 05, 2012
Location
Address: 115 Blowing Rock Boulevard, Lenoir, NC 28645
County: Caldwell
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): Hickory-Morganton-Lenoir, NC (#3290)
Core Based Statistical Area (CBSA): Hickory-Lenoir-Morganton, NC (#25860)
CBSA Metro Statistical Area: Hickory-Lenoir-Morganton, NC (#25860)
Financial Summary
Total assets: $53.1 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$17Total assets
$53,037Cash and due from depository institutions
$2,256Interest-bearing balances
$1,959Securities
$4,662Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$44,580Loan loss allowance
$158Trading account assets
$0Bank premises and fixed assets
$919Other real estate owned
$231Goodwill and other intangibles
$389Life insurance assets
$0All other assets
$0Total liabilities and capital
$53,037Total liabilities
$48,971Total deposits
$42,906Interest-bearing deposits
$41,437Deposits held in domestic offices
42906.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$5,750Subordinated debt
$0All other liabilities
$315Total equity capital
$315Total bank equity capital
$4,066Perpetual preferred stock
$0Common stock
$1,227Surplus
$282Undivided profits
Memoranda
$2,557Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$317Income earned, not collected on loans
$286Earning assets
$51,201Long-term assets (5+ years)
$11,055Average Assets, year-to-date
$52,005Average Assets, quarterly
$53,243Volatile liabilities
$13,911Insider loans
$66FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$736Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,066Total risk weighted assets
$30,481Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$4,408Total interest expense
$2,439Net interest income
$1,969Provision for loan and lease losses
$38Total noninterest income
$160Fiduciary activities
$0Service charges on deposit accounts
$127Trading account gains & fees
$0Additional noninterest income
$33Total noninterest expense
$1,248Salaries and employee benefits
$517Premises and equipment expense
$150Additional noninterest expense
$581Pre-tax net operating income
$843Securities gains (losses)
$0Applicable income taxes
$326Income before extraordinary items
$517Extraordinary gains - net
$0Net income attributable to bank
$517Net charge-offs
$48Cash dividends
$46Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.83%Cost of funding earning assets
4.89%Net interest margin
3.94%Noninterest income to earning assets
0.32%Noninterest expense to earning assets
2.50%Net operating income to assets
0.99%Return on assets (ROA)
0.99%Pretax return on assets
1.62%Return on equity (ROE)
13.51%Retained earnings to average equity (YTD only)
12.31%Net charge-offs to loans
0.11%Credit loss provision to net charge-offs
79.17%Efficiency ratio
58,619Assets per employee
3.12%Cash dividends to net income (YTD only)
Condition Ratios (%)
8.90%Loss allowance to loans
0.35%Loss allowance to noncurrent loans
49.84%Noncurrent assets plus other real estate owned to assets
1.03%Noncurrent loans to loans
0.71%Net loans and leases to deposits
103.90%Net loans and leases to core deposits
128.31%Equity capital to assets
7.67%Core capital (leverage) ratio
7.59%Tier 1 risk-based capital ratio
13.34%Total risk-based capital ratio
Memoranda
$14Average assets
$52,005Average earning assets
$3,827Average equity
$49,928Average loans

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