Cleveland Federal Bank, a Savings Bank in Shelby, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 30, 1995

Cleveland Federal Bank, a Savings Bank in Shelby, North Carolina (NC)
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Cleveland Federal Bank, a Savings Bank - Overview

General
FDIC Certificate #: 30333
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: RBC Bank (USA) (#33184)
Federal Reserve ID: 121277
Date Established: January 01, 1922
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 5180
FDIC's unique #: 43167
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: May 10, 1949
Last Structure Change Effective Date: March 30, 1995
Last Structure Change Process Date: April 13, 1995
Last Data Update: April 13, 1995
Data Source Date: April 05, 2012
Location
Address: 131 North Lafayette Street, Shelby, NC 28150
County: Cleveland
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
Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
Core Based Statistical Area (CBSA): Shelby, NC (#43140)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $87.7 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)
$25Total assets
$87,689Cash and due from depository institutions
$3,488Interest-bearing balances
$2,026Securities
$13,716Federal funds sold & reverse repurchase agreements
$100Net loans & leases
$67,745Loan loss allowance
$96Trading account assets
$0Bank premises and fixed assets
$631Other real estate owned
$33Goodwill and other intangibles
$1,976Life insurance assets
$0All other assets
$0Total liabilities and capital
$87,689Total liabilities
$76,975Total deposits
$74,974Interest-bearing deposits
$73,312Deposits held in domestic offices
74974.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,556Subordinated debt
$0All other liabilities
$445Total equity capital
$445Total bank equity capital
$10,714Perpetual preferred stock
$0Common stock
$191Surplus
$738Undivided profits
Memoranda
$9,785Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$399Income earned, not collected on loans
$387Earning assets
$83,587Long-term assets (5+ years)
$0Average Assets, year-to-date
$87,618Average Assets, quarterly
$87,813Volatile liabilities
$14,239Insider loans
$576FHLB advances
$1,300Loans and leases held for sale
$0Unused loan commitments
$714Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$10,714Total risk weighted assets
$41,561Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$6,380Total interest expense
$3,074Net interest income
$3,306Provision for loan and lease losses
$16Total noninterest income
$312Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$312Total noninterest expense
$1,798Salaries and employee benefits
$859Premises and equipment expense
$274Additional noninterest expense
$665Pre-tax net operating income
$1,804Securities gains (losses)
$0Applicable income taxes
$895Income before extraordinary items
$909Extraordinary gains - net
$0Net income attributable to bank
$909Net charge-offs
$14Cash dividends
$309Sale, 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
7.68%Cost of funding earning assets
3.70%Net interest margin
3.98%Noninterest income to earning assets
0.38%Noninterest expense to earning assets
2.17%Net operating income to assets
1.04%Return on assets (ROA)
1.04%Pretax return on assets
2.06%Return on equity (ROE)
8.58%Retained earnings to average equity (YTD only)
5.67%Net charge-offs to loans
0.02%Credit loss provision to net charge-offs
114.29%Efficiency ratio
49,696Assets per employee
3.51%Cash dividends to net income (YTD only)
Condition Ratios (%)
33.99%Loss allowance to loans
0.14%Loss allowance to noncurrent loans
24.06%Noncurrent assets plus other real estate owned to assets
0.49%Noncurrent loans to loans
0.59%Net loans and leases to deposits
90.36%Net loans and leases to core deposits
108.76%Equity capital to assets
12.22%Core capital (leverage) ratio
12.22%Tier 1 risk-based capital ratio
25.78%Total risk-based capital ratio
Memoranda
$26Average assets
$87,618Average earning assets
$10,589Average equity
$83,048Average loans

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