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)
  • Show street view No street view available for this location

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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