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)
  • Show street view No street view available for this location

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

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

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Cherryville Federal Savings and Loan Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents