Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 31, 2010

  • INDUSTRIAL FEDERAL SAVINGS BANK in Lexington, North Carolina (NC)
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  • General
  • FDIC Certificate #: 28440
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: HomeTrust Bank (#27677)
    Federal Reserve ID: 531474
    Date Established: January 01, 1928
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1593
    FDIC's unique #: 41274
    Numeric code: 34
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: March 07, 1947
    Last Structure Change Effective Date: January 31, 2010
    Last Structure Change Process Date: Febuary 19, 2010
    Last Data Update: Febuary 19, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 107 West Center Street, Lexington, NC 27292
    County: Davidson
    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
    Metropolitan Statistical Area (MSA): Greensboro--Winston-Salem--High Point, NC (#3120)
    Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
    Core Based Statistical Area (CBSA): Thomasville-Lexington, NC (#45640)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $174.4 mil

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

2000 - 2011 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, 2009)

  • Dollar figures in thousands
  • 20Total employees (full-time equivalent)
  • $174,439Total assets
  • $24,627Cash and due from depository institutions
  • $2,470Interest-bearing balances
  • $53,148Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $90,204Net loans & leases
  • $222Loan loss allowance
  • $0Trading account assets
  • $1,706Bank premises and fixed assets
  • $1,551Other real estate owned
  • $0Goodwill and other intangibles
  • $732Life insurance assets
  • $3,203All other assets
  • $174,439Total liabilities and capital
  • $131,930Total liabilities
  • $128,042Total deposits
  • $127,937Interest-bearing deposits
  • $128,042Deposits held in domestic offices
  • 92.20%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,000Other borrowed funds
  • $0Subordinated debt
  • $1,888All other liabilities
  • $42,509Total equity capital
  • $42,509Total bank equity capital
  • $42,509Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $42,509Noncurrent loans and leases
  • $4,035Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $573Earning assets
  • $0Long-term assets (5+ years)
  • $1,204Average Assets, year-to-date
  • $145,822Average Assets, quarterly
  • $0Volatile liabilities
  • $167,649Insider loans
  • $172,860FHLB advances
  • $50,994Loans and leases held for sale
  • $484Unused loan commitments
  • $2,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,035Total unused commitments
  • $1,584Restructured Loans and leases
  • $222Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $8,355Total interest income
  • $3,223Total interest expense
  • $5,132Net interest income
  • $64Provision for loan and lease losses
  • $44Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $44Additional noninterest income
  • $2,596Total noninterest expense
  • $1,567Salaries and employee benefits
  • $362Premises and equipment expense
  • $667Additional noninterest expense
  • $2,516Pre-tax net operating income
  • $0Securities gains (losses)
  • $852Applicable income taxes
  • $1,664Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,664Net income attributable to bank
  • $0Net charge-offs
  • $1,664Cash dividends
  • $5Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.45%Yield on earning assets
  • 2.10%Cost of funding earning assets
  • 3.35%Net interest margin
  • 0.03%Noninterest income to earning assets
  • 1.69%Noninterest expense to earning assets
  • 0.99%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 1.50%Pretax return on assets
  • 3.99%Return on equity (ROE)
  • 3.99%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 1280.00%Credit loss provision to net charge-offs
  • 516.00%Efficiency ratio
  • 50,155Assets per employee
  • 8.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.25%Loss allowance to noncurrent loans
  • 38.74%Noncurrent assets plus other real estate owned to assets
  • 1.22%Noncurrent loans to loans
  • 0.63%Net loans and leases to deposits
  • 70.45%Net loans and leases to core deposits
  • 114.11%Equity capital to assets
  • 24.37%Core capital (leverage) ratio
  • 24.56%Tier 1 risk-based capital ratio
  • 61.69%Total risk-based capital ratio
  • Memoranda
  • $62Average assets
  • $167,649Average earning assets
  • $41,720Average equity
  • $153,399Average loans

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