First Republic Savings Bank FSB in Roanoke Rapids, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 09, 1994

First Republic Savings Bank FSB in Roanoke Rapids, North Carolina (NC)
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First Republic Savings Bank FSB - Overview

General
FDIC Certificate #: 30498
Status: Inactive
Closing history: Corrections
Acquiring institution: First-Citizens Bank & Trust Company (#11063)
Federal Reserve ID: 585879
Date Established: March 09, 1951
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 5451
FDIC's unique #: 43332
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: March 09, 1951
Last Structure Change Effective Date: December 09, 1994
Last Structure Change Process Date: December 28, 1994
Last Data Update: January 04, 1995
Data Source Date: April 05, 2012
Location
Address: 948 Roanoke Avenue, Roanoke Rapids, NC 27870
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
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $55.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$31Total assets
$56,758Cash and due from depository institutions
$5,629Interest-bearing balances
$3,072Securities
$2,947Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$45,887Loan loss allowance
$502Trading account assets
$0Bank premises and fixed assets
$642Other real estate owned
$411Goodwill and other intangibles
$1,242Life insurance assets
$0All other assets
$0Total liabilities and capital
$56,758Total liabilities
$51,000Total deposits
$46,132Interest-bearing deposits
$44,197Deposits held in domestic offices
46132.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$4,542Subordinated debt
$0All other liabilities
$326Total equity capital
$326Total bank equity capital
$5,758Perpetual preferred stock
$0Common stock
$142Surplus
$1,088Undivided profits
Memoranda
$4,528Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$845Income earned, not collected on loans
$151Earning assets
$51,906Long-term assets (5+ years)
$0Average Assets, year-to-date
$57,026Average Assets, quarterly
$58,453Volatile liabilities
$10,243Insider loans
$51FHLB advances
$4,500Loans and leases held for sale
$0Unused loan commitments
$2,425Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,758Total risk weighted assets
$31,548Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$5,059Total interest expense
$2,180Net interest income
$2,879Provision for loan and lease losses
$135Total noninterest income
$761Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$761Total noninterest expense
$1,666Salaries and employee benefits
$878Premises and equipment expense
$250Additional noninterest expense
$538Pre-tax net operating income
$1,839Securities gains (losses)
$0Applicable income taxes
$620Income before extraordinary items
$1,219Extraordinary gains - net
$0Net income attributable to bank
$1,219Net charge-offs
$201Cash dividends
$98Sale, conversion, retirement of capital stock, net
$19Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.47%Cost of funding earning assets
4.08%Net interest margin
5.39%Noninterest income to earning assets
1.42%Noninterest expense to earning assets
3.12%Net operating income to assets
2.14%Return on assets (ROA)
2.14%Pretax return on assets
3.22%Return on equity (ROE)
23.46%Retained earnings to average equity (YTD only)
21.58%Net charge-offs to loans
0.42%Credit loss provision to net charge-offs
67.16%Efficiency ratio
45,769Assets per employee
1.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
8.04%Loss allowance to loans
1.08%Loss allowance to noncurrent loans
59.41%Noncurrent assets plus other real estate owned to assets
2.21%Noncurrent loans to loans
1.82%Net loans and leases to deposits
99.47%Net loans and leases to core deposits
113.49%Equity capital to assets
10.14%Core capital (leverage) ratio
10.14%Tier 1 risk-based capital ratio
18.25%Total risk-based capital ratio
Memoranda
$19Average assets
$57,026Average earning assets
$5,195Average equity
$53,433Average loans

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