Jackson Savings Bank, SSB in Sylva, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


Jackson Savings Bank, SSB - Overview

  • General
  • FDIC Certificate #: 31266
    Status: Active
    Federal Reserve ID: 360777
    Date Established: January 01, 1955
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 6637
    FDIC's unique #: 44100
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: December 18, 1961
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 741 West Main Street, Sylva, NC 28779
    County: Jackson
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $35.4 mil
    Equity capital: $6.0 mil
    Deposits held in domestic offices: $29.2 mil
    Return on assets (ROA): -0.11% (-$0.0 mil)
    Quarterly return on assets: -1.47% (-$0.5 mil)
    Return on Equity (ROE): -0.64% (-$0.0 mil)
    Quarterly return on equity: -8.73% (-$0.5 mil)
    Net income: -$0.0 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.16% (-$56.7 mil)
    Quarterly Pretax return on assets: -2.57% (-$910.4 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, 2011)

  • Dollar figures in thousands
  • 8Total employees (full-time equivalent)
  • $35,425Total assets
  • $4,151Cash and due from depository institutions
  • $3,518Interest-bearing balances
  • $4Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $29,354Net loans & leases
  • $100Loan loss allowance
  • $0Trading account assets
  • $200Bank premises and fixed assets
  • $914Other real estate owned
  • $0Goodwill and other intangibles
  • $35,425Life insurance assets
  • $802All other assets
  • $29,400Total liabilities and capital
  • $29,224Total liabilities
  • $29,224Total deposits
  • $29,224Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $176Subordinated debt
  • $6,025All other liabilities
  • $6,025Total equity capital
  • $6,025Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $6,025Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $669Income earned, not collected on loans
  • $0Earning assets
  • $122Long-term assets (5+ years)
  • $32,876Average Assets, year-to-date
  • $3,840Average Assets, quarterly
  • $36,410Volatile liabilities
  • $36,120Insider loans
  • $19,913FHLB advances
  • $36,087Loans and leases held for sale
  • $312Unused loan commitments
  • $312Tier 1 (core) risk-based capital
  • $6,025Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $563Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,449Total interest income
  • $361Total interest expense
  • $1,088Net interest income
  • $0Provision for loan and lease losses
  • $10Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $10Additional noninterest income
  • $1,155Total noninterest expense
  • $413Salaries and employee benefits
  • $70Premises and equipment expense
  • $672Additional noninterest expense
  • -$57Pre-tax net operating income
  • $0Securities gains (losses)
  • -$18Applicable income taxes
  • -$39Income before extraordinary items
  • $0Extraordinary gains - net
  • -$39Net income attributable to bank
  • $0Net charge-offs
  • -$39Cash dividends
  • $27Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.31%Yield on earning assets
  • 1.07%Cost of funding earning assets
  • 3.23%Net interest margin
  • 0.03%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • -0.11%Net operating income to assets
  • -0.11%Return on assets (ROA)
  • -0.16%Pretax return on assets
  • -0.64%Return on equity (ROE)
  • -0.64%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • -2.11%Efficiency ratio
  • 105,191Assets per employee
  • 4.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.34%Loss allowance to noncurrent loans
  • 14.95%Noncurrent assets plus other real estate owned to assets
  • 4.47%Noncurrent loans to loans
  • 2.27%Net loans and leases to deposits
  • 100.44%Net loans and leases to core deposits
  • 101.46%Equity capital to assets
  • 17.01%Core capital (leverage) ratio
  • 16.70%Tier 1 risk-based capital ratio
  • 30.26%Total risk-based capital ratio
  • Memoranda
  • $31Average assets
  • $36,410Average earning assets
  • $6,096Average equity
  • $33,644Average loans

List of branches

  • 2 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    044100Jackson Savings Bank, Ssb741 West Main Street, Sylva, NC 28779January 01, 1955Full Service Brick and Mortar
    1284015Bryson City Branch204 Valley Village Shopping Center, Bryson City, NC 28713November 07, 1987Full Service Brick and Mortar

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