Home Federal Savings Bank in Statesville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 24, 1994

Home Federal Savings Bank in Statesville, North Carolina (NC)
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Home Federal Savings Bank - Overview

General
FDIC Certificate #: 30483
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Southern National Bank of North Carolina (#4899)
Federal Reserve ID: 289579
Date Established: January 01, 1919
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 5423
FDIC's unique #: 43317
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: October 30, 1950
Last Structure Change Effective Date: Febuary 24, 1994
Last Structure Change Process Date: March 02, 1994
Last Data Update: March 02, 1994
Data Source Date: April 05, 2012
Location
Address: 500 East Broad Street, Statesville, NC 28677
County: Iredell
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): Charlotte-Gastonia-Salisbury, NC-SC (#172)
Core Based Statistical Area (CBSA): Statesville-Mooresville, NC (#44380)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $98.6 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)
$34Total assets
$98,593Cash and due from depository institutions
$3,987Interest-bearing balances
$3,483Securities
$25,536Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$64,015Loan loss allowance
$1,607Trading account assets
$0Bank premises and fixed assets
$1,335Other real estate owned
$391Goodwill and other intangibles
$3,329Life insurance assets
$0All other assets
$0Total liabilities and capital
$98,593Total liabilities
$91,780Total deposits
$89,814Interest-bearing deposits
$88,474Deposits held in domestic offices
89814.00%% insured (estimated)
$99Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,966Total equity capital
$1,966Total bank equity capital
$6,813Perpetual preferred stock
$0Common stock
$320Surplus
$931Undivided profits
Memoranda
$5,562Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$937Income earned, not collected on loans
$375Earning assets
$93,034Long-term assets (5+ years)
$0Average Assets, year-to-date
$100,283Average Assets, quarterly
$99,056Volatile liabilities
$5,566Insider loans
$323FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,547Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,096Total risk weighted assets
$48,674Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$7,431Total interest expense
$3,322Net interest income
$4,109Provision for loan and lease losses
$1,127Total noninterest income
$287Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$287Total noninterest expense
$3,702Salaries and employee benefits
$1,495Premises and equipment expense
$448Additional noninterest expense
$1,759Pre-tax net operating income
-$433Securities gains (losses)
$648Applicable income taxes
$305Income before extraordinary items
-$90Extraordinary gains - net
-$1,172Net income attributable to bank
-$1,262Net charge-offs
$5Cash dividends
$256Sale, 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
7.86%Cost of funding earning assets
3.52%Net interest margin
4.35%Noninterest income to earning assets
0.30%Noninterest expense to earning assets
3.92%Net operating income to assets
-0.50%Return on assets (ROA)
-1.26%Pretax return on assets
-0.95%Return on equity (ROE)
-14.50%Retained earnings to average equity (YTD only)
-17.44%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
22540.00%Efficiency ratio
84,213Assets per employee
2.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
-20.29%Loss allowance to loans
2.45%Loss allowance to noncurrent loans
171.50%Noncurrent assets plus other real estate owned to assets
1.35%Noncurrent loans to loans
1.43%Net loans and leases to deposits
71.28%Net loans and leases to core deposits
75.98%Equity capital to assets
6.91%Core capital (leverage) ratio
6.23%Tier 1 risk-based capital ratio
12.52%Total risk-based capital ratio
Memoranda
$14Average assets
$100,283Average earning assets
$8,706Average equity
$94,508Average loans

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