First Scotland Bank in Laurinburg, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 15, 1995

First Scotland Bank in Laurinburg, North Carolina (NC)
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First Scotland Bank - Overview

General
FDIC Certificate #: 25839
Status: Inactive
Closing history: Absorption - Without Assistance
Acquiring institution: First Bank (#15019)
Federal Reserve ID: 493723
Date Established: January 15, 1985
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 32073
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 15, 1985
Last Structure Change Effective Date: December 15, 1995
Last Structure Change Process Date: January 26, 1996
Last Data Update: January 26, 1996
Data Source Date: April 05, 2012
Location
Address: 909 South Main Street, Laurinburg, NC 28352
County: Scotland
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
Combined Statistical Area (CSA): Lumberton-Laurinburg, NC (#354)
Core Based Statistical Area (CBSA): Laurinburg, NC (#29900)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $20.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$24Total assets
$21,258Cash and due from depository institutions
$1,993Interest-bearing balances
$0Securities
$5,017Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$12,470Loan loss allowance
$405Trading account assets
$0Bank premises and fixed assets
$1,076Other real estate owned
$524Goodwill and other intangibles
$178Life insurance assets
$0All other assets
$0Total liabilities and capital
$21,258Total liabilities
$20,054Total deposits
$19,970Interest-bearing deposits
$16,050Deposits held in domestic offices
19970.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$84Total equity capital
$84Total bank equity capital
$1,204Perpetual preferred stock
$0Common stock
$1,080Surplus
$1,016Undivided profits
Memoranda
$-892Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$955Income earned, not collected on loans
$105Earning assets
$17,487Long-term assets (5+ years)
$2,290Average Assets, year-to-date
$24,185Average Assets, quarterly
$22,257Volatile liabilities
$1,713Insider loans
$2,584FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$342Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,256Total risk weighted assets
$13,602Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$1,592Total interest expense
$593Net interest income
$999Provision for loan and lease losses
$275Total noninterest income
$405Fiduciary activities
$0Service charges on deposit accounts
$234Trading account gains & fees
$0Additional noninterest income
$171Total noninterest expense
$1,669Salaries and employee benefits
$675Premises and equipment expense
$265Additional noninterest expense
$729Pre-tax net operating income
-$540Securities gains (losses)
-$3Applicable income taxes
$0Income before extraordinary items
-$543Extraordinary gains - net
$0Net income attributable to bank
-$543Net charge-offs
$233Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.11%Cost of funding earning assets
3.02%Net interest margin
5.09%Noninterest income to earning assets
2.06%Noninterest expense to earning assets
8.51%Net operating income to assets
-2.23%Return on assets (ROA)
-2.25%Pretax return on assets
-2.25%Return on equity (ROE)
-34.00%Retained earnings to average equity (YTD only)
-34.00%Net charge-offs to loans
1.68%Credit loss provision to net charge-offs
118.03%Efficiency ratio
118,875Assets per employee
0.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.15%Loss allowance to noncurrent loans
42.41%Noncurrent assets plus other real estate owned to assets
6.96%Noncurrent loans to loans
7.42%Net loans and leases to deposits
62.44%Net loans and leases to core deposits
68.30%Equity capital to assets
5.66%Core capital (leverage) ratio
5.63%Tier 1 risk-based capital ratio
9.23%Total risk-based capital ratio
Memoranda
$11Average assets
$24,185Average earning assets
$1,597Average equity
$19,619Average loans

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