Davidson Savings Bank, Inc., SSB in Lexington, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 28, 1994

  • Davidson Savings Bank, Inc., SSB in Lexington, North Carolina (NC)
  • Show street view No street view available for this location

Davidson Savings Bank, Inc., SSB - Overview

  • General
  • FDIC Certificate #: 28073
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Southern National Bank of North Carolina (#4899)
    Federal Reserve ID: 837176
    Date Established: January 01, 1919
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 846
    FDIC's unique #: 40907
    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: June 23, 1942
    Last Structure Change Effective Date: March 28, 1994
    Last Structure Change Process Date: April 14, 1994
    Last Data Update: April 14, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 16 East Center Street, Lexington, NC 27292
    County: Davidson
    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): Greensboro--Winston-Salem--High Point, NC (#3120)
    Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
    Core Based Statistical Area (CBSA): Thomasville-Lexington, NC (#45640)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $108.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $52Total assets
  • $108,641Cash and due from depository institutions
  • $6,017Interest-bearing balances
  • $5,059Securities
  • $11,924Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $87,210Loan loss allowance
  • $2,100Trading account assets
  • $0Bank premises and fixed assets
  • $1,870Other real estate owned
  • $186Goodwill and other intangibles
  • $1,434Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $108,641Total liabilities
  • $101,862Total deposits
  • $92,308Interest-bearing deposits
  • $89,632Deposits held in domestic offices
  • 92308.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $8,000Subordinated debt
  • $0All other liabilities
  • $1,554Total equity capital
  • $1,554Total bank equity capital
  • $6,779Perpetual preferred stock
  • $0Common stock
  • $361Surplus
  • $2,186Undivided profits
  • Memoranda
  • $4,232Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $523Income earned, not collected on loans
  • $552Earning assets
  • $104,193Long-term assets (5+ years)
  • $49,141Average Assets, year-to-date
  • $113,360Average Assets, quarterly
  • $110,864Volatile liabilities
  • $18,339Insider loans
  • $734FHLB advances
  • $0Loans and leases held for sale
  • $1,236Unused loan commitments
  • $4,957Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,779Total risk weighted assets
  • $58,089Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $8,867Total interest expense
  • $4,641Net interest income
  • $4,226Provision for loan and lease losses
  • $1,717Total noninterest income
  • $1,082Fiduciary activities
  • $0Service charges on deposit accounts
  • $247Trading account gains & fees
  • $0Additional noninterest income
  • $835Total noninterest expense
  • $5,451Salaries and employee benefits
  • $2,750Premises and equipment expense
  • $328Additional noninterest expense
  • $2,373Pre-tax net operating income
  • -$1,860Securities gains (losses)
  • $23Applicable income taxes
  • $531Income before extraordinary items
  • -$2,368Extraordinary gains - net
  • $200Net income attributable to bank
  • -$2,168Net charge-offs
  • $24Cash dividends
  • $250Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.22%Cost of funding earning assets
  • 4.30%Net interest margin
  • 3.92%Noninterest income to earning assets
  • 1.00%Noninterest expense to earning assets
  • 5.05%Net operating income to assets
  • -2.11%Return on assets (ROA)
  • -1.91%Pretax return on assets
  • -1.44%Return on equity (ROE)
  • -24.21%Retained earnings to average equity (YTD only)
  • -27.00%Net charge-offs to loans
  • 0.03%Credit loss provision to net charge-offs
  • 7154.17%Efficiency ratio
  • 93,689Assets per employee
  • 2.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -11.53%Loss allowance to loans
  • 2.35%Loss allowance to noncurrent loans
  • 401.53%Noncurrent assets plus other real estate owned to assets
  • 0.55%Noncurrent loans to loans
  • 0.59%Net loans and leases to deposits
  • 94.48%Net loans and leases to core deposits
  • 106.39%Equity capital to assets
  • 6.24%Core capital (leverage) ratio
  • 6.03%Tier 1 risk-based capital ratio
  • 11.67%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $113,360Average earning assets
  • $8,957Average equity
  • $107,907Average 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 Davidson Savings Bank, Inc., SSB.
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