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


  • First Federal Savings Bank of Lincolnton in Lincolnton, North Carolina (NC)
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First Federal Savings Bank of Lincolnton - Overview

  • General
  • FDIC Certificate #: 30315
    Status: Active
    Federal Reserve ID: 42372
    Date Established: January 01, 1940
    WWW: http://www.ffsb-nc.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 5153
    FDIC's unique #: 43149
    Numeric code: 34
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: September 29, 1947
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 320 E Main St, Lincolnton, NC 28092
    County: Lincoln
    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): Charlotte-Gastonia-Rock Hill, NC-SC (#1520)
    Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Lincolnton, NC (#30740)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $320.6 mil
    Equity capital: $43.7 mil
    Deposits held in domestic offices: $275.1 mil
    Return on assets (ROA): 0.48% ($1.5 mil)
    Quarterly return on assets: 0.36% ($1.2 mil)
    Return on Equity (ROE): 3.55% ($1.6 mil)
    Quarterly return on equity: 2.69% ($1.2 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.74% ($2,372.6 mil)
    Quarterly Pretax return on assets: 0.48% ($1,539.0 mil)

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

2000 - 2011 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, 2011)

  • Dollar figures in thousands
  • 45Total employees (full-time equivalent)
  • $320,627Total assets
  • $10,714Cash and due from depository institutions
  • $6,218Interest-bearing balances
  • $72,217Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $225,177Net loans & leases
  • $1,366Loan loss allowance
  • $0Trading account assets
  • $6,143Bank premises and fixed assets
  • $1,102Other real estate owned
  • $0Goodwill and other intangibles
  • $320,627Life insurance assets
  • $5,274All other assets
  • $276,950Total liabilities and capital
  • $275,131Total liabilities
  • $270,775Total deposits
  • $275,131Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,819Subordinated debt
  • $43,677All other liabilities
  • $43,677Total equity capital
  • $43,677Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $43,677Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,149Income earned, not collected on loans
  • $0Earning assets
  • $1,242Long-term assets (5+ years)
  • $303,612Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $312,421Volatile liabilities
  • $324,091Insider loans
  • $157,951FHLB advances
  • $319,749Loans and leases held for sale
  • $221Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $43,424Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $33,697Restructured Loans and leases
  • $3,064Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,214Total interest income
  • $4,195Total interest expense
  • $10,019Net interest income
  • $1,043Provision for loan and lease losses
  • $252Total noninterest income
  • $0Fiduciary activities
  • $50Service charges on deposit accounts
  • $0Trading account gains & fees
  • $202Additional noninterest income
  • $7,274Total noninterest expense
  • $4,887Salaries and employee benefits
  • $1,091Premises and equipment expense
  • $1,296Additional noninterest expense
  • $1,954Pre-tax net operating income
  • $354Securities gains (losses)
  • $801Applicable income taxes
  • $1,507Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,507Net income attributable to bank
  • $0Net charge-offs
  • $1,507Cash dividends
  • $474Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.81%Yield on earning assets
  • 1.42%Cost of funding earning assets
  • 3.39%Net interest margin
  • 0.09%Noninterest income to earning assets
  • 2.46%Noninterest expense to earning assets
  • 0.41%Net operating income to assets
  • 0.48%Return on assets (ROA)
  • 0.74%Pretax return on assets
  • 3.55%Return on equity (ROE)
  • 3.55%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 220.04%Credit loss provision to net charge-offs
  • 6.32%Efficiency ratio
  • 70,821Assets per employee
  • 7.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.60%Loss allowance to noncurrent loans
  • 26.53%Noncurrent assets plus other real estate owned to assets
  • 1.95%Noncurrent loans to loans
  • 2.27%Net loans and leases to deposits
  • 81.84%Net loans and leases to core deposits
  • 89.53%Equity capital to assets
  • 13.62%Core capital (leverage) ratio
  • 13.58%Tier 1 risk-based capital ratio
  • 27.49%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $312,421Average earning assets
  • $42,472Average equity
  • $295,576Average loans

List of branches

  • 3 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043149First Federal Savings Bank Of Lincol320 E Main St, Lincolnton, NC 28092January 01, 1940Full Service Brick and Mortar
    1444330Boger City Branch2763 East Highway 27, Lincolnton, NC 28092Febuary 08, 2002Full Service Brick and Mortar
    2444331Denver Branch2074 North Highway 16, Denver, NC 28037July 26, 2004Full Service Brick and Mortar

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