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

This bank is inactive as of March 28, 1994

First Savings Bank, Inc., SSB in Hickory, North Carolina (NC)
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First Savings Bank, Inc., SSB - Overview

General
FDIC Certificate #: 29619
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Southern National Bank of North Carolina (#4899)
Federal Reserve ID: 200574
Date Established: January 01, 1890
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 3766
FDIC's unique #: 42453
Numeric code: 41
Regulator: FDIC
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: October 26, 1950
Last Structure Change Effective Date: March 28, 1994
Last Structure Change Process Date: April 14, 1994
Last Data Update: April 14, 1994
Data Source Date: April 05, 2012
Location
Address: 225 Fourth Street N.W., Hickory, NC 28601
County: Catawba
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): Hickory-Morganton-Lenoir, NC (#3290)
Core Based Statistical Area (CBSA): Hickory-Lenoir-Morganton, NC (#25860)
CBSA Metro Statistical Area: Hickory-Lenoir-Morganton, NC (#25860)
Financial Summary
Total assets: $154.2 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)
$66Total assets
$154,159Cash and due from depository institutions
$21,568Interest-bearing balances
$20,039Securities
$19,579Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$109,149Loan loss allowance
$2,900Trading account assets
$0Bank premises and fixed assets
$2,836Other real estate owned
$75Goodwill and other intangibles
$952Life insurance assets
$0All other assets
$0Total liabilities and capital
$154,159Total liabilities
$141,927Total deposits
$119,432Interest-bearing deposits
$114,574Deposits held in domestic offices
119432.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$20,500Subordinated debt
$0All other liabilities
$1,995Total equity capital
$1,995Total bank equity capital
$12,232Perpetual preferred stock
$0Common stock
$621Surplus
$4,140Undivided profits
Memoranda
$7,471Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$151Income earned, not collected on loans
$702Earning assets
$148,767Long-term assets (5+ years)
$61,283Average Assets, year-to-date
$160,318Average Assets, quarterly
$156,052Volatile liabilities
$36,480Insider loans
$677FHLB advances
$0Loans and leases held for sale
$3,718Unused loan commitments
$12,241Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$12,232Total risk weighted assets
$83,528Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$12,924Total interest expense
$7,022Net interest income
$5,902Provision for loan and lease losses
$2,170Total noninterest income
$1,714Fiduciary activities
$0Service charges on deposit accounts
$489Trading account gains & fees
$0Additional noninterest income
$1,225Total noninterest expense
$5,792Salaries and employee benefits
$2,459Premises and equipment expense
$454Additional noninterest expense
$2,879Pre-tax net operating income
-$346Securities gains (losses)
$0Applicable income taxes
$1,194Income before extraordinary items
-$1,540Extraordinary gains - net
$380Net income attributable to bank
-$1,160Net charge-offs
$229Cash dividends
$349Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.39%Cost of funding earning assets
4.56%Net interest margin
3.83%Noninterest income to earning assets
1.11%Noninterest expense to earning assets
3.76%Net operating income to assets
-0.96%Return on assets (ROA)
-0.72%Pretax return on assets
0.02%Return on equity (ROE)
-8.33%Retained earnings to average equity (YTD only)
-10.83%Net charge-offs to loans
0.19%Credit loss provision to net charge-offs
947.60%Efficiency ratio
76,050Assets per employee
2.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
-30.09%Loss allowance to loans
2.59%Loss allowance to noncurrent loans
1920.53%Noncurrent assets plus other real estate owned to assets
0.15%Noncurrent loans to loans
0.13%Net loans and leases to deposits
91.39%Net loans and leases to core deposits
105.51%Equity capital to assets
7.93%Core capital (leverage) ratio
7.67%Tier 1 risk-based capital ratio
14.64%Total risk-based capital ratio
Memoranda
$16Average assets
$160,318Average earning assets
$13,930Average equity
$154,125Average loans

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