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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