Jackson Savings Bank, SSB in Sylva, North Carolina (NC)



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Jackson Savings Bank, SSB routing number info

Table of contents:
Jackson Savings Bank, SSB
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)8
Total assets$35,425
Cash and due from depository institutions$4,151
Interest-bearing balances$3,518
Securities$4
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$29,354
Loan loss allowance $100
Trading account assets$0
Bank premises and fixed assets$200
Other real estate owned$914
Goodwill and other intangibles$0
All other assets$802
Life insurance assets$35,425
Total liabilities and capital$29,400
Total liabilities$29,224
Total deposits$29,224
Interest-bearing deposits$29,224
Deposits held in domestic offices$100
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $176
All other liabilities $6,025
Total equity capital$6,025
Total bank equity capital$6,025
Perpetual preferred stock$0
Common stock$0
Surplus$0
Undivided profits $6,025
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $669
Earning assets $0
Long-term assets (5+ years) $122
Average Assets, year-to-date $32,876
Average Assets, quarterly $3,840
Volatile liabilities $36,410
Insider loans $36,120
FHLB advances $19,913
Loans and leases held for sale $36,087
Unused loan commitments $312
Tier 1 (core) risk-based capital $312
Tier 2 risk-based capital $6,025
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $563
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,449
Total interest expense $361
Net interest income $1,088
Provision for loan and lease losses $0
Total noninterest income $10
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $10
Total noninterest expense $1,155
Salaries and employee benefits $413
Premises and equipment expense $70
Additional noninterest expense $672
Pre-tax net operating income -$57
Securities gains (losses) $0
Applicable income taxes -$18
Income before extraordinary items -$39
Extraordinary gains - net $0
Net income attributable to bank -$39
Net charge-offs $0
Cash dividends -$39
Sale, conversion, retirement of capital stock, net $27
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.31%
Cost of funding earning assets 1.07%
Net interest margin 3.23%
Noninterest income to earning assets 0.03%
Noninterest expense to earning assets 3.43%
Net operating income to assets -0.11%
Return on assets (ROA) -0.11%
Pretax return on assets -0.16%
Return on equity (ROE) -0.64%
Retained earnings to average equity (YTD only) -0.64%
Net charge-offs to loans 0.09%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio-2.11%
Assets per employee$105,191
Cash dividends to net income (YTD only)4.43%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.34%
Noncurrent assets plus other real estate owned to assets 14.95%
Noncurrent loans to loans 4.47%
Net loans and leases to deposits2.27%
Net loans and leases to core deposits 100.44%
Equity capital to assets 101.46%
Core capital (leverage) ratio 17.01%
Tier 1 risk-based capital ratio 16.70%
Total risk-based capital ratio 30.26%
Memoranda
Average assets$31
Average earning assets$36,410
Average equity $6,096
Average loans $33,644
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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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