Liberty Savings and Loan Association in Liberty, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2003

  • Liberty Savings and Loan Association in Liberty, North Carolina (NC)
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Liberty Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 30602
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Security Savings Bank, SSB (#28139)
    Federal Reserve ID: 318572
    Date Established: January 01, 1947
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 5620
    FDIC's unique #: 43436
    Numeric code: 38
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: March 09, 1953
    Last Structure Change Effective Date: April 01, 2003
    Last Structure Change Process Date: April 16, 2003
    Last Data Update: April 16, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 132 Swannanoa Avenue, Liberty, NC 27298
    County: Randolph
    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): Greensboro-High Point, NC (#24660)
    CBSA Metro Statistical Area: Greensboro-High Point, NC (#24660)
  • Financial Summary
  • Total assets: $29.5 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, 2002)

  • Dollar figures in thousands
  • 4Total employees (full-time equivalent)
  • $29,009Total assets
  • $4,746Cash and due from depository institutions
  • $3,526Interest-bearing balances
  • $9,801Securities
  • $1,000Federal funds sold & reverse repurchase agreements
  • $13,043Net loans & leases
  • $37Loan loss allowance
  • $0Trading account assets
  • $60Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $359All other assets
  • $29,009Total liabilities and capital
  • $22,536Total liabilities
  • $22,118Total deposits
  • $22,118Interest-bearing deposits
  • $22,118Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $418All other liabilities
  • $6,473Total equity capital
  • $6,473Total bank equity capital
  • $6,473Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $6,473Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $54Earning assets
  • $0Long-term assets (5+ years)
  • $123Average Assets, year-to-date
  • $27,370Average Assets, quarterly
  • $0Volatile liabilities
  • $28,105Insider loans
  • $28,745FHLB advances
  • $3,346Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $37Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $1,577Total interest income
  • $621Total interest expense
  • $956Net interest income
  • $0Provision for loan and lease losses
  • $14Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $14Additional noninterest income
  • $529Total noninterest expense
  • $353Salaries and employee benefits
  • $107Premises and equipment expense
  • $69Additional noninterest expense
  • $441Pre-tax net operating income
  • $0Securities gains (losses)
  • $169Applicable income taxes
  • $272Income before extraordinary items
  • -$5Extraordinary gains - net
  • $267Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.89%Yield on earning assets
  • 2.32%Cost of funding earning assets
  • 3.57%Net interest margin
  • 0.05%Noninterest income to earning assets
  • 1.98%Noninterest expense to earning assets
  • 0.97%Net operating income to assets
  • 0.95%Return on assets (ROA)
  • 1.55%Pretax return on assets
  • 4.12%Return on equity (ROE)
  • 4.12%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 54,536Assets per employee
  • 7.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.28%Loss allowance to noncurrent loans
  • 68.52%Noncurrent assets plus other real estate owned to assets
  • 0.19%Noncurrent loans to loans
  • 0.41%Net loans and leases to deposits
  • 58.97%Net loans and leases to core deposits
  • 69.48%Equity capital to assets
  • 22.31%Core capital (leverage) ratio
  • 21.54%Tier 1 risk-based capital ratio
  • 60.41%Total risk-based capital ratio
  • Memoranda
  • $61Average assets
  • $28,105Average earning assets
  • $6,475Average equity
  • $26,766Average loans

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