Macon Bank, Inc. in Franklin, North Carolina (NC)

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Macon Bank, Inc. routing number info

Table of contents:
Macon Bank, Inc.
GeneralFDIC Certificate #: 31445
Status: Active
Federal Reserve ID: 239275
Bank Holding Company (Regulatory Top Holder): Macon Bancorp (RSSDID: 2427665, Location: Franklin, NC)
Date Established: January 01, 1922
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 11 (Domestic: 11, Interstate: No)
OTS Docket #: 6981
FDIC's unique #: 44279
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: December 14, 1964
Last Structure Change Effective Date: Febuary 08, 2011
Last Structure Change Process Date: Febuary 10, 2011
Last Data Update: Febuary 10, 2011
Data Source Date: April 05, 2012
LocationAddress: 220 One Center Court, Franklin, NC 28734
County: Macon
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 ChangesChange in Location
Financial SummaryTotal assets: $874.5 mil
Equity capital: $57.7 mil
Deposits held in domestic offices: $751.0 mil
Return on assets (ROA): -2.59% (-$22.6 mil)
Quarterly return on assets: -2.38% (-$20.8 mil)
Return on Equity (ROE): -36.09% (-$20.9 mil)
Quarterly return on equity: -35.38% (-$20.5 mil)
Net income: -$24.2 mil
Quarterly Net income: -$5.3 mil
Pretax return on assets: -2.58% (-$22,561.2 mil)
Quarterly Pretax return on assets: -2.38% (-$20,812.3 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)163
Total assets$874,467
Cash and due from depository institutions$15,789
Interest-bearing balances$6,133
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$598,829
Loan loss allowance $16,711
Trading account assets$0
Bank premises and fixed assets$13,691
Other real estate owned$16,830
Goodwill and other intangibles$2,314
All other assets$36,266
Life insurance assets$874,467
Total liabilities and capital$816,730
Total liabilities$751,030
Total deposits$695,698
Interest-bearing deposits$751,030
Deposits held in domestic offices$98
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$52,400
Other borrowed funds $0
Subordinated debt $13,300
All other liabilities $57,737
Total equity capital$57,737
Total bank equity capital$57,737
Perpetual preferred stock$0
Common stock$0
Undivided profits $23,475
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 $41,550
Earning assets $0
Long-term assets (5+ years) $3,187
Average Assets, year-to-date $795,710
Average Assets, quarterly $496,402
Volatile liabilities $933,427
Insider loans $892,304
FHLB advances $608,784
Loans and leases held for sale $891,877
Unused loan commitments $18,943
Tier 1 (core) risk-based capital $6,755
Tier 2 risk-based capital $54,932
Total risk weighted assets $11,447
Total unused commitments $741
Restructured Loans and leases $70,207
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $39,897
Total interest expense $14,103
Net interest income $25,794
Provision for loan and lease losses $24,116
Total noninterest income -$2,961
Fiduciary activities $0
Service charges on deposit accounts $1,693
Trading account gains & fees $0
Additional noninterest income -$4,654
Total noninterest expense $24,455
Salaries and employee benefits $10,161
Premises and equipment expense $2,046
Additional noninterest expense $12,248
Pre-tax net operating income -$25,738
Securities gains (losses) $1,637
Applicable income taxes $116
Income before extraordinary items -$24,217
Extraordinary gains - net $0
Net income attributable to bank -$24,217
Net charge-offs $0
Cash dividends -$24,217
Sale, conversion, retirement of capital stock, net $24,601
Net operating income $32
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.72%
Cost of funding earning assets 1.67%
Net interest margin 3.05%
Noninterest income to earning assets -0.35%
Noninterest expense to earning assets 2.89%
Net operating income to assets -2.77%
Return on assets (ROA) -2.59%
Pretax return on assets -2.58%
Return on equity (ROE) -36.09%
Retained earnings to average equity (YTD only) -36.14%
Net charge-offs to loans 3.70%
Credit loss provision to net charge-offs 98.03%
Efficiency ratio-0.07%
Assets per employee$107,104
Cash dividends to net income (YTD only)5.36%
Condition Ratios (%)
Loss allowance to loans -0.13%
Loss allowance to noncurrent loans 2.71%
Noncurrent assets plus other real estate owned to assets 40.22%
Noncurrent loans to loans 6.68%
Net loans and leases to deposits6.75%
Net loans and leases to core deposits 79.73%
Equity capital to assets 92.59%
Core capital (leverage) ratio 6.60%
Tier 1 risk-based capital ratio 6.16%
Total risk-based capital ratio 9.02%
Average assets$10
Average earning assets$933,427
Average equity $67,099
Average loans $845,045
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11 North Carolina Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
044279Macon Bank, Inc.220 One Center Court, Franklin, NC 28734January 01, 1922Full Service Brick and Mortar
100284899Murphy Branch12 Peachtree St, Murphy, NC 28906January 01, 1922Full Service Brick and Mortar
101284900Franklin-Holly Springs Branch30 Hyatt Road, Franklin, NC 28734June 28, 1993Full Service Brick and Mortar
102284901Highlands Branch473 Carolina Way, Highlands, NC 28741September 14, 1995Full Service Brick and Mortar
104284903Hendersonville-Main Branch640 North Main Street, Hendersonville, NC 28792December 02, 1996Full Service Brick and Mortar
105284904Brevard Branch2260 Asheville Highway, Brevard,, NC 28712October 13, 1997Full Service Brick and Mortar
106284905Hendersonville - Eastside Branch1617 Spartenburg Highway, Hendersonville, NC 28792October 20, 1997Full Service Brick and Mortar
107357731Sylva Branch498 East Main Street, Sylva, NC 28779October 25, 1999Full Service Brick and Mortar
108419293Cashiers Branch500 Us Highway 64 East, Cashiers, NC 28717December 30, 2002Full Service Brick and Mortar
111465760Columbus Branch160 W Mills St, Columbus, NC 28722January 01, 2007Full Service Brick and Mortar
112478575Saluda Branch108 East Main, Saluda, NC 28773August 01, 2007Full Service Brick and Mortar
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