Edgecomb Homestead Savings Bank, Inc., SSB in Tarboro, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 05, 1994

  • Edgecomb Homestead Savings Bank, Inc., SSB in Tarboro, North Carolina (NC)
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Edgecomb Homestead Savings Bank, Inc., SSB - Overview

  • General
  • FDIC Certificate #: 28499
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First-Citizens Bank & Trust Company (#11063)
    Federal Reserve ID: 253673
    Date Established: January 01, 1889
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 1712
    FDIC's unique #: 41333
    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 28, 1985
    Last Structure Change Effective Date: August 05, 1994
    Last Structure Change Process Date: September 21, 1994
    Last Data Update: September 21, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 422 Main Street, Tarboro, NC 27886
    County: Edgecombe
    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): Rocky Mount, NC (#6895)
    Core Based Statistical Area (CBSA): Rocky Mount, NC (#40580)
    CBSA Metro Statistical Area: Rocky Mount, NC (#40580)
  • Financial Summary
  • Total assets: $41.1 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $7Total assets
  • $39,179Cash and due from depository institutions
  • $2,144Interest-bearing balances
  • $2,053Securities
  • $2,360Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $34,370Loan loss allowance
  • $42Trading account assets
  • $0Bank premises and fixed assets
  • $158Other real estate owned
  • $0Goodwill and other intangibles
  • $147Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $39,179Total liabilities
  • $32,235Total deposits
  • $31,389Interest-bearing deposits
  • $31,367Deposits held in domestic offices
  • 31389.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $500Subordinated debt
  • $0All other liabilities
  • $346Total equity capital
  • $346Total bank equity capital
  • $6,944Perpetual preferred stock
  • $0Common stock
  • $226Surplus
  • $1,755Undivided profits
  • Memoranda
  • $4,963Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $416Income earned, not collected on loans
  • $79Earning assets
  • $38,783Long-term assets (5+ years)
  • $3,821Average Assets, year-to-date
  • $38,643Average Assets, quarterly
  • $39,047Volatile liabilities
  • $6,259Insider loans
  • $848FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,583Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,944Total risk weighted assets
  • $23,687Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,728Total interest expense
  • $1,302Net interest income
  • $1,426Provision for loan and lease losses
  • $17Total noninterest income
  • $29Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $29Total noninterest expense
  • $599Salaries and employee benefits
  • $314Premises and equipment expense
  • $30Additional noninterest expense
  • $255Pre-tax net operating income
  • $839Securities gains (losses)
  • -$10Applicable income taxes
  • $319Income before extraordinary items
  • $510Extraordinary gains - net
  • $0Net income attributable to bank
  • $510Net charge-offs
  • $0Cash dividends
  • $226Sale, conversion, retirement of capital stock, net
  • $7Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.15%Cost of funding earning assets
  • 3.41%Net interest margin
  • 3.74%Noninterest income to earning assets
  • 0.08%Noninterest expense to earning assets
  • 1.57%Net operating income to assets
  • 1.34%Return on assets (ROA)
  • 1.32%Pretax return on assets
  • 2.15%Return on equity (ROE)
  • 7.42%Retained earnings to average equity (YTD only)
  • 4.13%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 41,168Assets per employee
  • 5.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 44.31%Loss allowance to loans
  • 0.12%Loss allowance to noncurrent loans
  • 10.10%Noncurrent assets plus other real estate owned to assets
  • 1.06%Noncurrent loans to loans
  • 1.21%Net loans and leases to deposits
  • 109.50%Net loans and leases to core deposits
  • 134.10%Equity capital to assets
  • 17.72%Core capital (leverage) ratio
  • 17.76%Tier 1 risk-based capital ratio
  • 29.32%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $38,643Average earning assets
  • $6,875Average equity
  • $38,169Average loans

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