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

This bank is inactive as of May 15, 1998

  • Enfield Savings Bank, Inc., SSB in Enfield, North Carolina (NC)
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Enfield Savings Bank, Inc., SSB - Overview

  • General
  • FDIC Certificate #: 28313
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Southern Bank and Trust Company (#15359)
    Federal Reserve ID: 249573
    Date Established: January 01, 1912
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 1349
    FDIC's unique #: 41147
    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: January 12, 1954
    Last Structure Change Effective Date: May 15, 1998
    Last Structure Change Process Date: June 09, 1998
    Last Data Update: June 09, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: Dennis Street & Batchelor Avenue, Enfield, NC 27823
    County: Halifax
    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
    Core Based Statistical Area (CBSA): Roanoke Rapids, NC (#40260)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $23.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 6Total employees (full-time equivalent)
  • $29,452Total assets
  • $8,767Cash and due from depository institutions
  • $8,640Interest-bearing balances
  • $3,401Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $16,929Net loans & leases
  • $133Loan loss allowance
  • $0Trading account assets
  • $140Bank premises and fixed assets
  • $33Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $182All other assets
  • $29,452Total liabilities and capital
  • $24,145Total liabilities
  • $23,706Total deposits
  • $23,695Interest-bearing deposits
  • $23,706Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $439All other liabilities
  • $5,307Total equity capital
  • $5,307Total bank equity capital
  • $5,307Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $1,764Undivided profits
  • Memoranda
  • $3,543Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $229Earning assets
  • $0Long-term assets (5+ years)
  • $20Average Assets, year-to-date
  • $28,970Average Assets, quarterly
  • $731Volatile liabilities
  • $27,628Insider loans
  • $28,729FHLB advances
  • $7,728Loans and leases held for sale
  • $114Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $175Total unused commitments
  • $0Restructured Loans and leases
  • $15,036Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $2,135Total interest income
  • $1,061Total interest expense
  • $1,074Net interest income
  • -$67Provision for loan and lease losses
  • $15Total noninterest income
  • $0Fiduciary activities
  • $1Service charges on deposit accounts
  • $0Trading account gains & fees
  • $14Additional noninterest income
  • $590Total noninterest expense
  • $341Salaries and employee benefits
  • $40Premises and equipment expense
  • $209Additional noninterest expense
  • $566Pre-tax net operating income
  • $0Securities gains (losses)
  • $192Applicable income taxes
  • $374Income before extraordinary items
  • $0Extraordinary gains - net
  • $374Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$24Sale, conversion, retirement of capital stock, net
  • $120Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.88%Yield on earning assets
  • 3.92%Cost of funding earning assets
  • 3.96%Net interest margin
  • 0.06%Noninterest income to earning assets
  • 2.18%Noninterest expense to earning assets
  • 1.35%Net operating income to assets
  • 1.35%Return on assets (ROA)
  • 2.05%Pretax return on assets
  • 7.40%Return on equity (ROE)
  • 5.03%Retained earnings to average equity (YTD only)
  • -0.14%Net charge-offs to loans
  • 279.17%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 54,178Assets per employee
  • 4.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.09%Loss allowance to loans
  • 0.78%Loss allowance to noncurrent loans
  • 58.08%Noncurrent assets plus other real estate owned to assets
  • 0.89%Noncurrent loans to loans
  • 1.34%Net loans and leases to deposits
  • 71.41%Net loans and leases to core deposits
  • 105.95%Equity capital to assets
  • 18.02%Core capital (leverage) ratio
  • 17.28%Tier 1 risk-based capital ratio
  • 33.67%Total risk-based capital ratio
  • Memoranda
  • $35Average assets
  • $27,628Average earning assets
  • $5,052Average equity
  • $27,095Average loans

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