First Savings Bank of Rockingham County, SSB in Reidsville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 27, 1997

First Savings Bank of Rockingham County, SSB in Reidsville, North Carolina (NC)
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First Savings Bank of Rockingham County, SSB - Overview

General
FDIC Certificate #: 28030
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First-Citizens Bank & Trust Company (#11063)
Federal Reserve ID: 979870
Date Established: January 01, 1915
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 768
FDIC's unique #: 40864
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: Febuary 18, 1938
Last Structure Change Effective Date: September 27, 1997
Last Structure Change Process Date: October 07, 1997
Last Data Update: October 07, 1997
Data Source Date: April 05, 2012
Location
Address: 501 South Main Street, Reidsville, NC 27320
County: Rockingham
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
Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
Core Based Statistical Area (CBSA): Greensboro-High Point, NC (#24660)
CBSA Metro Statistical Area: Greensboro-High Point, NC (#24660)
Financial Summary
Total assets: $49.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$9Total assets
$53,601Cash and due from depository institutions
$1,127Interest-bearing balances
$506Securities
$18,569Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$32,790Loan loss allowance
$300Trading account assets
$0Bank premises and fixed assets
$101Other real estate owned
$0Goodwill and other intangibles
$1,014Life insurance assets
$0All other assets
$0Total liabilities and capital
$53,601Total liabilities
$44,647Total deposits
$43,462Interest-bearing deposits
$43,087Deposits held in domestic offices
43462.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$447Subordinated debt
$0All other liabilities
$738Total equity capital
$738Total bank equity capital
$8,954Perpetual preferred stock
$0Common stock
$4,159Surplus
$0Undivided profits
Memoranda
$4,795Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$67Income earned, not collected on loans
$107Earning assets
$51,865Long-term assets (5+ years)
$29,109Average Assets, year-to-date
$56,538Average Assets, quarterly
$54,837Volatile liabilities
$7,583Insider loans
$285FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,337Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$8,955Total risk weighted assets
$23,150Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$3,830Total interest expense
$2,465Net interest income
$1,365Provision for loan and lease losses
$8Total noninterest income
$16Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$16Total noninterest expense
$1,750Salaries and employee benefits
$731Premises and equipment expense
$43Additional noninterest expense
$976Pre-tax net operating income
-$377Securities gains (losses)
-$8Applicable income taxes
-$26Income before extraordinary items
-$359Extraordinary gains - net
$0Net income attributable to bank
-$359Net charge-offs
-$33Cash dividends
$0Sale, conversion, retirement of capital stock, net
$352Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.03%Cost of funding earning assets
4.52%Net interest margin
2.51%Noninterest income to earning assets
0.03%Noninterest expense to earning assets
3.21%Net operating income to assets
-0.62%Return on assets (ROA)
-0.63%Pretax return on assets
-0.68%Return on equity (ROE)
-4.03%Retained earnings to average equity (YTD only)
-4.03%Net charge-offs to loans
-0.10%Credit loss provision to net charge-offs
-24.24%Efficiency ratio
126,720Assets per employee
5.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.91%Loss allowance to noncurrent loans
447.76%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.20%Net loans and leases to deposits
75.45%Net loans and leases to core deposits
91.39%Equity capital to assets
16.70%Core capital (leverage) ratio
16.28%Tier 1 risk-based capital ratio
38.68%Total risk-based capital ratio
Memoranda
$40Average assets
$56,538Average earning assets
$8,907Average equity
$54,479Average loans

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