Hillsborough Savings Bank, SSB in Hillsborough, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 30, 2000

  • Hillsborough Savings Bank, SSB in Hillsborough, North Carolina (NC)
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Hillsborough Savings Bank, SSB - Overview

  • General
  • FDIC Certificate #: 30384
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: National Bank of Commerce (#4978)
    Federal Reserve ID: 267072
    Date Established: January 01, 1913
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 5262
    FDIC's unique #: 43218
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 16, 1949
    Last Structure Change Effective Date: June 30, 2000
    Last Structure Change Process Date: July 26, 2000
    Last Data Update: July 26, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 260 South Churton Street, Hillsborough, NC 27278
    County: Orange
    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
    Metropolitan Statistical Area (MSA): Raleigh-Durham-Chapel Hill, NC (#6640)
    Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450)
    Core Based Statistical Area (CBSA): Durham-Chapel Hill, NC (#20500)
    CBSA Metro Statistical Area: Durham-Chapel Hill, NC (#20500)
  • Financial Summary
  • Total assets: $152.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 1999)

  • Dollar figures in thousands
  • 45Total employees (full-time equivalent)
  • $149,705Total assets
  • $6,342Cash and due from depository institutions
  • $3,417Interest-bearing balances
  • $28,780Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $108,598Net loans & leases
  • $1,124Loan loss allowance
  • $0Trading account assets
  • $3,225Bank premises and fixed assets
  • $53Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,707All other assets
  • $149,705Total liabilities and capital
  • $132,298Total liabilities
  • $112,223Total deposits
  • $106,301Interest-bearing deposits
  • $112,223Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $18,938Other borrowed funds
  • $0Subordinated debt
  • $1,137All other liabilities
  • $17,407Total equity capital
  • $17,407Total bank equity capital
  • $17,407Perpetual preferred stock
  • $0Common stock
  • $11,604Surplus
  • $0Undivided profits
  • Memoranda
  • $5,803Noncurrent loans and leases
  • $16,376Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,208Earning assets
  • $0Long-term assets (5+ years)
  • $609Average Assets, year-to-date
  • $140,795Average Assets, quarterly
  • $85,919Volatile liabilities
  • $140,020Insider loans
  • $145,410FHLB advances
  • $21,378Loans and leases held for sale
  • $848Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,802Total risk weighted assets
  • $16,376Total unused commitments
  • $0Restructured Loans and leases
  • $1,037Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $10,503Total interest income
  • $5,420Total interest expense
  • $5,083Net interest income
  • $15Provision for loan and lease losses
  • $252Total noninterest income
  • $0Fiduciary activities
  • $188Service charges on deposit accounts
  • $0Trading account gains & fees
  • $64Additional noninterest income
  • $4,050Total noninterest expense
  • $2,104Salaries and employee benefits
  • $486Premises and equipment expense
  • $1,460Additional noninterest expense
  • $1,270Pre-tax net operating income
  • $8Securities gains (losses)
  • $416Applicable income taxes
  • $862Income before extraordinary items
  • $0Extraordinary gains - net
  • $862Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$80Sale, conversion, retirement of capital stock, net
  • $1,207Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.87%Yield on earning assets
  • 4.06%Cost of funding earning assets
  • 3.81%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 3.04%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.62%Return on assets (ROA)
  • 0.91%Pretax return on assets
  • 4.74%Return on equity (ROE)
  • -1.90%Retained earnings to average equity (YTD only)
  • -0.08%Net charge-offs to loans
  • -18.75%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 75,914Assets per employee
  • 3.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 140.02%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 93.05%Noncurrent assets plus other real estate owned to assets
  • 0.84%Noncurrent loans to loans
  • 1.10%Net loans and leases to deposits
  • 96.77%Net loans and leases to core deposits
  • 111.26%Equity capital to assets
  • 11.63%Core capital (leverage) ratio
  • 12.27%Tier 1 risk-based capital ratio
  • 21.86%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $140,020Average earning assets
  • $18,168Average equity
  • $133,387Average loans

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