Cherryville Federal Savings and Loan Association in Cherryville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 2010

  • Cherryville Federal Savings and Loan Association in Cherryville, North Carolina (NC)
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Cherryville Federal Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 31015
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: HomeTrust Bank (#27677)
    Federal Reserve ID: 784579
    Date Established: January 01, 1912
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 6258
    FDIC's unique #: 43849
    Numeric code: 38
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: September 19, 1958
    Last Structure Change Effective Date: October 01, 2010
    Last Structure Change Process Date: October 06, 2010
    Last Data Update: October 06, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 West Main Street, Cherryville, NC 28021
    County: Gaston
    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): Charlotte-Gastonia-Rock Hill, NC-SC (#1520)
    Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
    CBSA Metro Statistical Area: Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
  • Financial Summary
  • Total assets: $104.2 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, 2009)

  • Dollar figures in thousands
  • 13Total employees (full-time equivalent)
  • $98,182Total assets
  • $1,833Cash and due from depository institutions
  • $1,474Interest-bearing balances
  • $31,053Securities
  • $1,300Federal funds sold & reverse repurchase agreements
  • $59,036Net loans & leases
  • $482Loan loss allowance
  • $0Trading account assets
  • $167Bank premises and fixed assets
  • $65Other real estate owned
  • $0Goodwill and other intangibles
  • $2,540Life insurance assets
  • $4,728All other assets
  • $98,182Total liabilities and capital
  • $84,069Total liabilities
  • $79,981Total deposits
  • $78,974Interest-bearing deposits
  • $79,981Deposits held in domestic offices
  • 99.71%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,971Other borrowed funds
  • $0Subordinated debt
  • $1,117All other liabilities
  • $14,113Total equity capital
  • $14,113Total bank equity capital
  • $14,113Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $14,113Noncurrent loans and leases
  • $6,375Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,392Earning assets
  • $0Long-term assets (5+ years)
  • $481Average Assets, year-to-date
  • $92,863Average Assets, quarterly
  • $0Volatile liabilities
  • $93,473Insider loans
  • $97,097FHLB advances
  • $25,859Loans and leases held for sale
  • $423Unused loan commitments
  • $2,971Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,175Total unused commitments
  • $490Restructured Loans and leases
  • $482Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $4,892Total interest income
  • $2,285Total interest expense
  • $2,607Net interest income
  • $110Provision for loan and lease losses
  • $160Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $160Additional noninterest income
  • $1,575Total noninterest expense
  • $1,044Salaries and employee benefits
  • $261Premises and equipment expense
  • $270Additional noninterest expense
  • $1,082Pre-tax net operating income
  • $64Securities gains (losses)
  • $428Applicable income taxes
  • $718Income before extraordinary items
  • $0Extraordinary gains - net
  • $718Net income attributable to bank
  • $0Net charge-offs
  • $718Cash dividends
  • $49Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.57%Yield on earning assets
  • 2.60%Cost of funding earning assets
  • 2.97%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 1.79%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.77%Return on assets (ROA)
  • 1.23%Pretax return on assets
  • 5.14%Return on equity (ROE)
  • 5.14%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 224.49%Credit loss provision to net charge-offs
  • 24.33%Efficiency ratio
  • 56,921Assets per employee
  • 7.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.81%Loss allowance to noncurrent loans
  • 34.63%Noncurrent assets plus other real estate owned to assets
  • 1.48%Noncurrent loans to loans
  • 2.34%Net loans and leases to deposits
  • 73.81%Net loans and leases to core deposits
  • 103.40%Equity capital to assets
  • 14.37%Core capital (leverage) ratio
  • 14.54%Tier 1 risk-based capital ratio
  • 28.21%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $93,473Average earning assets
  • $13,977Average equity
  • $87,836Average loans

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