KS Bank, Inc. in Smithfield, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • KS Bank, Inc. in Smithfield, North Carolina (NC)
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KS Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 29771
    Status: Active
    Federal Reserve ID: 416674
    Bank Holding Company (Regulatory Top Holder): Ks Bancorp, Inc. (RSSDID: 2155276, Location: Smithfield, NC)
    Date Established: January 01, 1924
    WWW: http://www.ksbankinc.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 4066
    FDIC's unique #: 42605
    Numeric code: 41
    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: Commercial Lending Specialization
    Date of Deposit Insurance: April 11, 1960
    Last Structure Change Effective Date: July 21, 2006
    Last Structure Change Process Date: July 21, 2006
    Last Data Update: July 21, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1031 Brightleaf Boulevard, Smithfield, NC 27577
    County: Johnston
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Raleigh
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Raleigh-Durham-Chapel Hill, NC (#6640)
    Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450)
    Core Based Statistical Area (CBSA): Raleigh-Cary, NC (#39580)
    CBSA Metro Statistical Area: Raleigh-Cary, NC (#39580)
  • Financial Summary
  • Total assets: $322.7 mil
    Equity capital: $32.2 mil
    Deposits held in domestic offices: $246.6 mil
    Return on assets (ROA): 0.16% ($0.5 mil)
    Quarterly return on assets: 0.35% ($1.1 mil)
    Return on Equity (ROE): 1.70% ($0.5 mil)
    Quarterly return on equity: 3.49% ($1.1 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.01% ($32.3 mil)
    Quarterly Pretax return on assets: 0.33% ($1,064.9 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
  • 88Total employees (full-time equivalent)
  • $322,684Total assets
  • $5,111Cash and due from depository institutions
  • $3,929Interest-bearing balances
  • $91,375Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $196,187Net loans & leases
  • $3,477Loan loss allowance
  • $0Trading account assets
  • $8,742Bank premises and fixed assets
  • $11,696Other real estate owned
  • $0Goodwill and other intangibles
  • $322,684Life insurance assets
  • $9,573All other assets
  • $290,435Total liabilities and capital
  • $246,628Total liabilities
  • $228,239Total deposits
  • $246,628Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 933.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $41,000Trading liabilities
  • $0Other borrowed funds
  • $1,874Subordinated debt
  • $32,249All other liabilities
  • $32,249Total equity capital
  • $32,249Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $13,718Surplus
  • $18,531Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $809Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,539Income earned, not collected on loans
  • $0Earning assets
  • $1,316Long-term assets (5+ years)
  • $291,491Average Assets, year-to-date
  • $90,280Average Assets, quarterly
  • $329,177Volatile liabilities
  • $324,518Insider loans
  • $196,029FHLB advances
  • $323,033Loans and leases held for sale
  • $655Unused loan commitments
  • $655Tier 1 (core) risk-based capital
  • $28,785Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $27,679Restructured Loans and leases
  • $6,576Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,078Total interest income
  • $4,690Total interest expense
  • $10,388Net interest income
  • $1,483Provision for loan and lease losses
  • $1,402Total noninterest income
  • $0Fiduciary activities
  • $888Service charges on deposit accounts
  • $0Trading account gains & fees
  • $514Additional noninterest income
  • $10,427Total noninterest expense
  • $5,356Salaries and employee benefits
  • $1,107Premises and equipment expense
  • $3,964Additional noninterest expense
  • -$120Pre-tax net operating income
  • $140Securities gains (losses)
  • -$511Applicable income taxes
  • $531Income before extraordinary items
  • $0Extraordinary gains - net
  • $531Net income attributable to bank
  • $0Net charge-offs
  • $531Cash dividends
  • $2,047Sale, conversion, retirement of capital stock, net
  • $383Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 1.57%Cost of funding earning assets
  • 3.48%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 3.50%Noninterest expense to earning assets
  • 0.12%Net operating income to assets
  • 0.16%Return on assets (ROA)
  • 0.01%Pretax return on assets
  • 1.70%Return on equity (ROE)
  • 0.47%Retained earnings to average equity (YTD only)
  • 0.98%Net charge-offs to loans
  • 72.45%Credit loss provision to net charge-offs
  • 0.67%Efficiency ratio
  • 88,439Assets per employee
  • 3.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 72.13%Loss allowance to loans
  • 1.74%Loss allowance to noncurrent loans
  • 40.72%Noncurrent assets plus other real estate owned to assets
  • 6.27%Noncurrent loans to loans
  • 4.28%Net loans and leases to deposits
  • 79.55%Net loans and leases to core deposits
  • 96.41%Equity capital to assets
  • 9.99%Core capital (leverage) ratio
  • 8.91%Tier 1 risk-based capital ratio
  • 14.68%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $329,177Average earning assets
  • $31,300Average equity
  • $298,225Average loans

List of branches

  • 10 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042605Ks Bank, Inc.1031 Brightleaf Boulevard, Smithfield, NC 27577January 01, 1924Full Service Brick and Mortar
    1277077Selma Branch115 West Anderson Street, Selma, NC 27576January 01, 1924Full Service Brick and Mortar
    2267626Wilson Branch2846 Ward Boulevard, Wilson, NC 27893January 01, 1919Full Service Brick and Mortar
    3277078Goldsboro Branch1601 Wayne Memorial Drive, Goldsboro, NC 27534April 04, 1996Full Service Brick and Mortar
    4277079Kenly Branch200 North Church Street, Kenly, NC 27542November 25, 1996Full Service Brick and Mortar
    5277080Garner Branch920 Seventh Avenue, Garner, NC 27529December 15, 1997Full Service Brick and Mortar
    6360352Clayton Branch11591 U.S. 70 Highway West, Clayton, NC 27520May 14, 2001Full Service Brick and Mortar
    7429683Smithfield Branch1031 N Brightleaf, Smithfield, NC 27577November 12, 2003Full Service Brick and Mortar
    8462772Wendell Branch2850 Wendell Boulevard, Wendell, NC 27591April 23, 2007Full Service Brick and Mortar
    9480397Four Oaks Branch106 West Wellons Street, Four Oaks, NC 27524August 11, 2008Full Service Brick and Mortar

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