First Carolina Federal Savings Bank in Kings Mountain, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 02, 1999

  • First Carolina Federal Savings Bank in Kings Mountain, North Carolina (NC)
  • Show street view No street view available for this location

First Carolina Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 28075
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The First National Bank of Shelby (#4910)
    Federal Reserve ID: 838771
    Date Established: January 01, 1907
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 850
    FDIC's unique #: 40909
    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: Febuary 01, 1954
    Last Structure Change Effective Date: April 02, 1999
    Last Structure Change Process Date: April 13, 1999
    Last Data Update: April 13, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 West Mountain Street, Kings Mountain, NC 28086
    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: $95.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 1998)

  • Dollar figures in thousands
  • 33Total employees (full-time equivalent)
  • $95,366Total assets
  • $10,411Cash and due from depository institutions
  • $9,703Interest-bearing balances
  • $12,472Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $68,594Net loans & leases
  • $1,269Loan loss allowance
  • $0Trading account assets
  • $1,361Bank premises and fixed assets
  • $490Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,038All other assets
  • $95,366Total liabilities and capital
  • $87,854Total liabilities
  • $87,614Total deposits
  • $87,219Interest-bearing deposits
  • $87,614Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $240All other liabilities
  • $7,512Total equity capital
  • $7,512Total bank equity capital
  • $7,512Perpetual preferred stock
  • $0Common stock
  • $3Surplus
  • $1,089Undivided profits
  • Memoranda
  • $6,420Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,485Earning assets
  • $0Long-term assets (5+ years)
  • $388Average Assets, year-to-date
  • $90,769Average Assets, quarterly
  • $0Volatile liabilities
  • $97,069Insider loans
  • $95,078FHLB advances
  • $12,177Loans and leases held for sale
  • $186Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,090Total unused commitments
  • $0Restructured Loans and leases
  • $54,646Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $7,072Total interest income
  • $4,525Total interest expense
  • $2,547Net interest income
  • $336Provision for loan and lease losses
  • $425Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $425Additional noninterest income
  • $2,311Total noninterest expense
  • $1,202Salaries and employee benefits
  • $393Premises and equipment expense
  • $716Additional noninterest expense
  • $325Pre-tax net operating income
  • $84Securities gains (losses)
  • $157Applicable income taxes
  • $252Income before extraordinary items
  • $0Extraordinary gains - net
  • $252Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $74Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.65%Yield on earning assets
  • 4.90%Cost of funding earning assets
  • 2.76%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 2.50%Noninterest expense to earning assets
  • 0.20%Net operating income to assets
  • 0.26%Return on assets (ROA)
  • 0.42%Pretax return on assets
  • 3.44%Return on equity (ROE)
  • 3.44%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 454.05%Credit loss provision to net charge-offs
  • 8.93%Efficiency ratio
  • 77,759Assets per employee
  • 2.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.82%Loss allowance to noncurrent loans
  • 51.07%Noncurrent assets plus other real estate owned to assets
  • 2.81%Noncurrent loans to loans
  • 3.56%Net loans and leases to deposits
  • 78.29%Net loans and leases to core deposits
  • 90.93%Equity capital to assets
  • 7.88%Core capital (leverage) ratio
  • 7.31%Tier 1 risk-based capital ratio
  • 12.68%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $97,069Average earning assets
  • $7,328Average equity
  • $92,423Average 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 First Carolina Federal Savings Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents