East Coast Savings Bank, SSB in Goldsboro, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 07, 1993

  • East Coast Savings Bank, SSB in Goldsboro, North Carolina (NC)
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East Coast Savings Bank, SSB - Overview

  • General
  • FDIC Certificate #: 28438
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Southern National Bank of North Carolina (#4899)
    Federal Reserve ID: 530972
    Date Established: January 01, 1919
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 10 (Interstate: No)
    OTS Docket #: 1591
    FDIC's unique #: 41272
    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: May 29, 1952
    Last Structure Change Effective Date: October 07, 1993
    Last Structure Change Process Date: October 19, 1993
    Last Data Update: October 19, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 North Spence Avenue, Goldsboro, NC 27534
    County: Wayne
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Raleigh
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Goldsboro, NC (#2980)
    Core Based Statistical Area (CBSA): Goldsboro, NC (#24140)
    CBSA Metro Statistical Area: Goldsboro, NC (#24140)
  • Financial Summary
  • Total assets: $269.8 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $115Total assets
  • $258,551Cash and due from depository institutions
  • $8,157Interest-bearing balances
  • $3,062Securities
  • $18,665Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $222,370Loan loss allowance
  • $865Trading account assets
  • $0Bank premises and fixed assets
  • $4,259Other real estate owned
  • $34Goodwill and other intangibles
  • $4,999Life insurance assets
  • $67All other assets
  • $0Total liabilities and capital
  • $258,551Total liabilities
  • $237,135Total deposits
  • $223,340Interest-bearing deposits
  • $215,378Deposits held in domestic offices
  • 223340.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $11,350Subordinated debt
  • $0All other liabilities
  • $2,445Total equity capital
  • $2,445Total bank equity capital
  • $21,416Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $21,416Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,132Income earned, not collected on loans
  • $1,593Earning assets
  • $244,097Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $256,621Average Assets, quarterly
  • $257,661Volatile liabilities
  • $32,131Insider loans
  • $0FHLB advances
  • $11,350Loans and leases held for sale
  • $0Unused loan commitments
  • $16,125Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $21,416Total risk weighted assets
  • $168,149Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $21,437Total interest expense
  • $11,281Net interest income
  • $10,156Provision for loan and lease losses
  • $264Total noninterest income
  • $2,087Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $2,087Total noninterest expense
  • $6,406Salaries and employee benefits
  • $3,739Premises and equipment expense
  • $1,301Additional noninterest expense
  • $1,366Pre-tax net operating income
  • $5,573Securities gains (losses)
  • $67Applicable income taxes
  • $2,050Income before extraordinary items
  • $3,590Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,590Net charge-offs
  • $47Cash 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
  • 8.86%Cost of funding earning assets
  • 4.66%Net interest margin
  • 4.20%Noninterest income to earning assets
  • 0.86%Noninterest expense to earning assets
  • 2.65%Net operating income to assets
  • 1.38%Return on assets (ROA)
  • 1.40%Pretax return on assets
  • 2.20%Return on equity (ROE)
  • 18.34%Retained earnings to average equity (YTD only)
  • 18.34%Net charge-offs to loans
  • 0.02%Credit loss provision to net charge-offs
  • 561.70%Efficiency ratio
  • 52,324Assets per employee
  • 2.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.39%Loss allowance to noncurrent loans
  • 27.62%Noncurrent assets plus other real estate owned to assets
  • 1.22%Noncurrent loans to loans
  • 1.40%Net loans and leases to deposits
  • 99.57%Net loans and leases to core deposits
  • 109.78%Equity capital to assets
  • 8.28%Core capital (leverage) ratio
  • 8.28%Tier 1 risk-based capital ratio
  • 12.74%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $256,621Average earning assets
  • $19,570Average equity
  • $242,051Average loans

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