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

This bank is inactive as of November 15, 1993

  • Citizens Savings Bank, SSB in Lenoir, North Carolina (NC)
  • Show street view No street view available for this location

Citizens Savings Bank, SSB - Overview

  • General
  • FDIC Certificate #: 32343
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: CCB Savings Bank of Lenoir, Inc., SSB (#32345)
    Federal Reserve ID: 259974
    Date Established: April 04, 1888
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 8165
    FDIC's unique #: 45177
    Numeric code: 42
    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 26, 1985
    Last Structure Change Effective Date: November 15, 1993
    Last Structure Change Process Date: December 14, 1993
    Last Data Update: December 14, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 110 Mulberry Street, Southwest, 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: $136.7 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $22Total assets
  • $132,264Cash and due from depository institutions
  • $6,703Interest-bearing balances
  • $0Securities
  • $14,000Federal funds sold & reverse repurchase agreements
  • $5,000Net loans & leases
  • $102,803Loan loss allowance
  • $345Trading account assets
  • $0Bank premises and fixed assets
  • $1,096Other real estate owned
  • $38Goodwill and other intangibles
  • $2,624Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $132,264Total liabilities
  • $115,360Total deposits
  • $114,425Interest-bearing deposits
  • $114,256Deposits held in domestic offices
  • 114425.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $935Total equity capital
  • $935Total bank equity capital
  • $16,904Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $16,904Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,504Income earned, not collected on loans
  • $462Earning assets
  • $121,803Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $130,044Average Assets, quarterly
  • $131,244Volatile liabilities
  • $23,884Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $561Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $16,904Total risk weighted assets
  • $65,095Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $10,727Total interest expense
  • $6,203Net interest income
  • $4,524Provision for loan and lease losses
  • $144Total noninterest income
  • $306Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $306Total noninterest expense
  • $2,156Salaries and employee benefits
  • $947Premises and equipment expense
  • $246Additional noninterest expense
  • $961Pre-tax net operating income
  • $2,530Securities gains (losses)
  • $0Applicable income taxes
  • $1,042Income before extraordinary items
  • $1,487Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,487Net charge-offs
  • $110Cash dividends
  • $0Sale, 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
  • 8.74%Cost of funding earning assets
  • 5.05%Net interest margin
  • 3.69%Noninterest income to earning assets
  • 0.25%Noninterest expense to earning assets
  • 1.76%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.14%Pretax return on assets
  • 1.94%Return on equity (ROE)
  • 9.20%Retained earnings to average equity (YTD only)
  • 9.20%Net charge-offs to loans
  • 0.11%Credit loss provision to net charge-offs
  • 130.91%Efficiency ratio
  • 44,638Assets per employee
  • 6.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.33%Loss allowance to noncurrent loans
  • 22.94%Noncurrent assets plus other real estate owned to assets
  • 1.17%Noncurrent loans to loans
  • 1.46%Net loans and leases to deposits
  • 89.84%Net loans and leases to core deposits
  • 113.54%Equity capital to assets
  • 12.78%Core capital (leverage) ratio
  • 12.78%Tier 1 risk-based capital ratio
  • 25.97%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $130,044Average earning assets
  • $16,166Average equity
  • $122,713Average loans

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

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