First Southern Savings Bank, S.S.B in city_name, state_name

First Southern Savings Bank, S.S.B in Asheboro, North Carolina (NC)
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First Southern Savings Bank, S.S.B - Overview

General
FDIC Certificate #: 28188
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: RBC Bank (USA) (#33184)
Federal Reserve ID: 681173
Date Established: January 01, 1917
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 8 (Interstate: No)
OTS Docket #: 1093
FDIC's unique #: 41022
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: December 22, 1947
Last Structure Change Effective Date: June 03, 1995
Last Structure Change Process Date: July 24, 1995
Last Data Update: July 24, 1995
Data Source Date: April 05, 2012
Location
Address: 115 South Fayetteville Street, Asheboro, NC 27203
County: Randolph
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): Greensboro--Winston-Salem--High Point, NC (#3120)
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: $322.5 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)
$99Total assets
$316,598Cash and due from depository institutions
$4,092Interest-bearing balances
$806Securities
$70,958Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$230,484Loan loss allowance
$2,017Trading account assets
$0Bank premises and fixed assets
$3,195Other real estate owned
$766Goodwill and other intangibles
$4,239Life insurance assets
$2,864All other assets
$0Total liabilities and capital
$316,598Total liabilities
$282,119Total deposits
$257,531Interest-bearing deposits
$246,777Deposits held in domestic offices
257531.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$2,130Trading liabilities
$0Other borrowed funds
$19,749Subordinated debt
$0All other liabilities
$2,709Total equity capital
$2,709Total bank equity capital
$34,479Perpetual preferred stock
$0Common stock
$9,054Surplus
$0Undivided profits
Memoranda
$25,425Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$994Income earned, not collected on loans
$1,369Earning assets
$302,248Long-term assets (5+ years)
$130,301Average Assets, year-to-date
$310,035Average Assets, quarterly
$314,892Volatile liabilities
$42,192Insider loans
$1,467FHLB advances
$0Loans and leases held for sale
$138Unused loan commitments
$37,245Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$32,079Total risk weighted assets
$190,973Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$22,507Total interest expense
$10,649Net interest income
$11,858Provision for loan and lease losses
$105Total noninterest income
$1,770Fiduciary activities
$0Service charges on deposit accounts
$499Trading account gains & fees
$0Additional noninterest income
$1,271Total noninterest expense
$7,386Salaries and employee benefits
$3,769Premises and equipment expense
$776Additional noninterest expense
$2,841Pre-tax net operating income
$6,137Securities gains (losses)
$0Applicable income taxes
$2,436Income before extraordinary items
$3,701Extraordinary gains - net
$0Net income attributable to bank
$3,701Net charge-offs
-$75Cash dividends
$0Sale, conversion, retirement of capital stock, net
$126Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.63%Cost of funding earning assets
3.61%Net interest margin
4.02%Noninterest income to earning assets
0.60%Noninterest expense to earning assets
2.51%Net operating income to assets
1.19%Return on assets (ROA)
1.19%Pretax return on assets
1.98%Return on equity (ROE)
11.25%Retained earnings to average equity (YTD only)
11.25%Net charge-offs to loans
-0.03%Credit loss provision to net charge-offs
-140.00%Efficiency ratio
52,510Assets per employee
3.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.87%Loss allowance to noncurrent loans
202.92%Noncurrent assets plus other real estate owned to assets
0.52%Noncurrent loans to loans
0.43%Net loans and leases to deposits
89.50%Net loans and leases to core deposits
105.98%Equity capital to assets
10.89%Core capital (leverage) ratio
10.20%Tier 1 risk-based capital ratio
16.80%Total risk-based capital ratio
Memoranda
$18Average assets
$310,035Average earning assets
$32,885Average equity
$294,850Average loans

First Southern Savings Bank, S.S.B in Asheboro, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Southern Savings Bank, S.S.B - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

First Southern Savings Bank, S.S.B in Asheboro, North Carolina (NC)Overview, Financial Summary, Detailed Financial Reports, Branches

First Southern Savings Bank, S.S.B - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

First Southern Savings Bank, S.S.B in Asheboro, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches