Home Savings Bank, Inc., SSB in Kings Mountain, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 20, 1995

Home Savings Bank, Inc., SSB in Kings Mountain, North Carolina (NC)
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Home Savings Bank, Inc., SSB - Overview

General
FDIC Certificate #: 30459
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: OMNIBANK, INC., A State Savings Bank, SSB (#29237)
Federal Reserve ID: 285375
Date Established: January 01, 1923
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 5385
FDIC's unique #: 43293
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: November 04, 1952
Last Structure Change Effective Date: May 20, 1995
Last Structure Change Process Date: June 16, 1995
Last Data Update: June 16, 1995
Data Source Date: April 05, 2012
Location
Address: 700 West King Street, Kings Mountain, NC 28086
County: Cleveland
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): Shelby, NC (#43140)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $93.3 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)
$16Total assets
$95,127Cash and due from depository institutions
$4,836Interest-bearing balances
$3,164Securities
$26,996Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$60,422Loan loss allowance
$758Trading account assets
$0Bank premises and fixed assets
$1,322Other real estate owned
$278Goodwill and other intangibles
$1,273Life insurance assets
$0All other assets
$0Total liabilities and capital
$95,127Total liabilities
$87,679Total deposits
$86,086Interest-bearing deposits
$82,726Deposits held in domestic offices
86086.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,593Total equity capital
$1,593Total bank equity capital
$7,448Perpetual preferred stock
$0Common stock
$172Surplus
$1,766Undivided profits
Memoranda
$5,510Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$535Income earned, not collected on loans
$404Earning assets
$90,582Long-term assets (5+ years)
$9,528Average Assets, year-to-date
$98,846Average Assets, quarterly
$95,256Volatile liabilities
$7,842Insider loans
$489FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$6,256Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,718Total risk weighted assets
$47,238Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$6,902Total interest expense
$3,456Net interest income
$3,446Provision for loan and lease losses
$0Total noninterest income
$346Fiduciary activities
$0Service charges on deposit accounts
$156Trading account gains & fees
$0Additional noninterest income
$190Total noninterest expense
$2,514Salaries and employee benefits
$589Premises and equipment expense
$194Additional noninterest expense
$1,731Pre-tax net operating income
$1,278Securities gains (losses)
-$23Applicable income taxes
$911Income before extraordinary items
$344Extraordinary gains - net
$0Net income attributable to bank
$344Net charge-offs
$176Cash dividends
$1,000Sale, 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
7.33%Cost of funding earning assets
3.67%Net interest margin
3.66%Noninterest income to earning assets
0.37%Noninterest expense to earning assets
2.67%Net operating income to assets
0.36%Return on assets (ROA)
0.35%Pretax return on assets
1.27%Return on equity (ROE)
4.27%Retained earnings to average equity (YTD only)
-8.14%Net charge-offs to loans
0.28%Credit loss provision to net charge-offs
0.00%Efficiency ratio
66,297Assets per employee
5.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
290.70%Loss allowance to loans
1.24%Loss allowance to noncurrent loans
141.68%Noncurrent assets plus other real estate owned to assets
0.85%Noncurrent loans to loans
0.87%Net loans and leases to deposits
70.19%Net loans and leases to core deposits
77.22%Equity capital to assets
7.83%Core capital (leverage) ratio
8.12%Tier 1 risk-based capital ratio
16.34%Total risk-based capital ratio
Memoranda
$18Average assets
$98,846Average earning assets
$8,061Average equity
$94,225Average loans

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