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

This bank is inactive as of March 27, 1993

  • First Financial Savings Bank, Inc. in Kinston, North Carolina (NC)
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First Financial Savings Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 32354
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Branch Banking and Trust Company (#9846)
    Federal Reserve ID: 596679
    Date Established: April 04, 1912
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8176
    FDIC's unique #: 45188
    Numeric code: 35
    Regulator: OTS
    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: July 03, 1985
    Last Structure Change Effective Date: March 27, 1993
    Last Structure Change Process Date: April 05, 1993
    Last Data Update: April 05, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 612 N Queen Street, Kinston, NC 28501
    County: Lenoir
    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): Kinston, NC (#28820)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $334.7 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $148Total assets
  • $334,719Cash and due from depository institutions
  • $34,851Interest-bearing balances
  • $26,623Securities
  • $32,599Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $250,014Loan loss allowance
  • $3,134Trading account assets
  • $0Bank premises and fixed assets
  • $2,600Other real estate owned
  • $329Goodwill and other intangibles
  • $13,493Life insurance assets
  • $833All other assets
  • $0Total liabilities and capital
  • $334,719Total liabilities
  • $315,218Total deposits
  • $295,996Interest-bearing deposits
  • $285,024Deposits held in domestic offices
  • 295996.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $17,637Subordinated debt
  • $0All other liabilities
  • $1,585Total equity capital
  • $1,585Total bank equity capital
  • $19,501Perpetual preferred stock
  • $0Common stock
  • $713Surplus
  • $7,798Undivided profits
  • Memoranda
  • $10,990Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,284Income earned, not collected on loans
  • $1,487Earning assets
  • $309,236Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $336,223Average Assets, quarterly
  • $333,890Volatile liabilities
  • $56,634Insider loans
  • $0FHLB advances
  • $16,000Loans and leases held for sale
  • $0Unused loan commitments
  • $23,913Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $19,246Total risk weighted assets
  • $194,983Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $27,502Total interest expense
  • $15,808Net interest income
  • $11,694Provision for loan and lease losses
  • $750Total noninterest income
  • $2,532Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $2,532Total noninterest expense
  • $8,084Salaries and employee benefits
  • $4,330Premises and equipment expense
  • $1,121Additional noninterest expense
  • $2,633Pre-tax net operating income
  • $5,392Securities gains (losses)
  • $1,723Applicable income taxes
  • $2,652Income before extraordinary items
  • $4,463Extraordinary gains - net
  • $0Net income attributable to bank
  • $4,463Net charge-offs
  • -$25Cash dividends
  • $490Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.80%Cost of funding earning assets
  • 5.06%Net interest margin
  • 3.74%Noninterest income to earning assets
  • 0.81%Noninterest expense to earning assets
  • 2.59%Net operating income to assets
  • 1.00%Return on assets (ROA)
  • 1.33%Pretax return on assets
  • 2.12%Return on equity (ROE)
  • 25.31%Retained earnings to average equity (YTD only)
  • 22.53%Net charge-offs to loans
  • -0.01%Credit loss provision to net charge-offs
  • -3000.00%Efficiency ratio
  • 55,982Assets per employee
  • 2.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 10.98%Loss allowance to loans
  • 1.24%Loss allowance to noncurrent loans
  • 95.43%Noncurrent assets plus other real estate owned to assets
  • 1.08%Noncurrent loans to loans
  • 1.30%Net loans and leases to deposits
  • 84.47%Net loans and leases to core deposits
  • 97.28%Equity capital to assets
  • 5.83%Core capital (leverage) ratio
  • 5.78%Tier 1 risk-based capital ratio
  • 9.87%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $336,223Average earning assets
  • $17,632Average equity
  • $312,623Average loans

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