Citizens Savings, Inc., SSB in Concord, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 20, 1995

  • Citizens Savings, Inc., SSB in Concord, North Carolina (NC)
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Citizens Savings, Inc., SSB - Overview

  • General
  • FDIC Certificate #: 28173
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: OMNIBANK, INC., A State Savings Bank, SSB (#29237)
    Federal Reserve ID: 679376
    Date Established: January 01, 1906
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 1051
    FDIC's unique #: 41007
    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: November 10, 1950
    Last Structure Change Effective Date: May 20, 1995
    Last Structure Change Process Date: June 16, 1995
    Last Data Update: June 16, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 31 Union Street North, Concord, NC 28025
    County: Cabarrus
    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: $197.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $33Total assets
  • $200,148Cash and due from depository institutions
  • $4,649Interest-bearing balances
  • $2,175Securities
  • $66,401Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $123,993Loan loss allowance
  • $1,802Trading account assets
  • $0Bank premises and fixed assets
  • $2,535Other real estate owned
  • $422Goodwill and other intangibles
  • $2,148Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $200,148Total liabilities
  • $187,370Total deposits
  • $180,222Interest-bearing deposits
  • $173,975Deposits held in domestic offices
  • 180222.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $5,010Subordinated debt
  • $0All other liabilities
  • $2,138Total equity capital
  • $2,138Total bank equity capital
  • $12,778Perpetual preferred stock
  • $0Common stock
  • $545Surplus
  • $6,059Undivided profits
  • Memoranda
  • $6,174Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $816Income earned, not collected on loans
  • $766Earning assets
  • $192,569Long-term assets (5+ years)
  • $29,207Average Assets, year-to-date
  • $207,801Average Assets, quarterly
  • $201,971Volatile liabilities
  • $22,566Insider loans
  • $106FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $13,588Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $14,354Total risk weighted assets
  • $104,115Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $14,248Total interest expense
  • $7,279Net interest income
  • $6,969Provision for loan and lease losses
  • $100Total noninterest income
  • $574Fiduciary activities
  • $0Service charges on deposit accounts
  • $283Trading account gains & fees
  • $0Additional noninterest income
  • $291Total noninterest expense
  • $4,113Salaries and employee benefits
  • $1,051Premises and equipment expense
  • $434Additional noninterest expense
  • $2,628Pre-tax net operating income
  • $3,330Securities gains (losses)
  • -$11Applicable income taxes
  • $3,741Income before extraordinary items
  • -$422Extraordinary gains - net
  • $0Net income attributable to bank
  • -$422Net charge-offs
  • $21Cash dividends
  • $6,302Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.18%Cost of funding earning assets
  • 3.67%Net interest margin
  • 3.51%Noninterest income to earning assets
  • 0.29%Noninterest expense to earning assets
  • 2.07%Net operating income to assets
  • -0.20%Return on assets (ROA)
  • -0.20%Pretax return on assets
  • 1.60%Return on equity (ROE)
  • -2.42%Retained earnings to average equity (YTD only)
  • -38.61%Net charge-offs to loans
  • 0.02%Credit loss provision to net charge-offs
  • 476.19%Efficiency ratio
  • 54,527Assets per employee
  • 6.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -1493.36%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 220.83%Noncurrent assets plus other real estate owned to assets
  • 0.49%Noncurrent loans to loans
  • 0.65%Net loans and leases to deposits
  • 68.80%Net loans and leases to core deposits
  • 76.23%Equity capital to assets
  • 6.38%Core capital (leverage) ratio
  • 7.05%Tier 1 risk-based capital ratio
  • 13.79%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $207,801Average earning assets
  • $17,416Average equity
  • $198,459Average loans

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