First Federal Savings Bank of Lincolnton in city_name, state_name

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

No	ID	Name	Address	Established	Service Type
0	43149	First Federal Savings Bank Of Lincol	320 E Main St, Lincolnton, NC 28092	January 01, 1940	Full Service Brick and Mortar
1	444330	Boger City Branch	2763 East Highway 27, Lincolnton, NC 28092	Febuary 08, 2002	Full Service Brick and Mortar
2	444331	Denver Branch	2074 North Highway 16, Denver, NC 28037	July 26, 2004	Full Service Brick and Mortar

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

First Federal Savings Bank of Lincolnton - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

First Federal Savings Bank of Lincolnton - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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