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

Macon Bank, Inc. - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 163Total employees (full-time equivalent)
  • $874,467Total assets
  • $15,789Cash and due from depository institutions
  • $6,133Interest-bearing balances
  • $190,748Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $598,829Net loans & leases
  • $16,711Loan loss allowance
  • $0Trading account assets
  • $13,691Bank premises and fixed assets
  • $16,830Other real estate owned
  • $2,314Goodwill and other intangibles
  • $874,467Life insurance assets
  • $36,266All other assets
  • $816,730Total liabilities and capital
  • $751,030Total liabilities
  • $695,698Total deposits
  • $751,030Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $52,400Trading liabilities
  • $0Other borrowed funds
  • $13,300Subordinated debt
  • $57,737All other liabilities
  • $57,737Total equity capital
  • $57,737Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $34,262Surplus
  • $23,475Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $41,550Income earned, not collected on loans
  • $0Earning assets
  • $3,187Long-term assets (5+ years)
  • $795,710Average Assets, year-to-date
  • $496,402Average Assets, quarterly
  • $933,427Volatile liabilities
  • $892,304Insider loans
  • $608,784FHLB advances
  • $891,877Loans and leases held for sale
  • $18,943Unused loan commitments
  • $6,755Tier 1 (core) risk-based capital
  • $54,932Tier 2 risk-based capital
  • $11,447Total risk weighted assets
  • $741Total unused commitments
  • $70,207Restructured Loans and leases
  • $11,393Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $39,897Total interest income
  • $14,103Total interest expense
  • $25,794Net interest income
  • $24,116Provision for loan and lease losses
  • -$2,961Total noninterest income
  • $0Fiduciary activities
  • $1,693Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$4,654Additional noninterest income
  • $24,455Total noninterest expense
  • $10,161Salaries and employee benefits
  • $2,046Premises and equipment expense
  • $12,248Additional noninterest expense
  • -$25,738Pre-tax net operating income
  • $1,637Securities gains (losses)
  • $116Applicable income taxes
  • -$24,217Income before extraordinary items
  • $0Extraordinary gains - net
  • -$24,217Net income attributable to bank
  • $0Net charge-offs
  • -$24,217Cash dividends
  • $24,601Sale, conversion, retirement of capital stock, net
  • $32Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.72%Yield on earning assets
  • 1.67%Cost of funding earning assets
  • 3.05%Net interest margin
  • -0.35%Noninterest income to earning assets
  • 2.89%Noninterest expense to earning assets
  • -2.77%Net operating income to assets
  • -2.59%Return on assets (ROA)
  • -2.58%Pretax return on assets
  • -36.09%Return on equity (ROE)
  • -36.14%Retained earnings to average equity (YTD only)
  • 3.70%Net charge-offs to loans
  • 98.03%Credit loss provision to net charge-offs
  • -0.07%Efficiency ratio
  • 107,104Assets per employee
  • 5.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -0.13%Loss allowance to loans
  • 2.71%Loss allowance to noncurrent loans
  • 40.22%Noncurrent assets plus other real estate owned to assets
  • 6.68%Noncurrent loans to loans
  • 6.75%Net loans and leases to deposits
  • 79.73%Net loans and leases to core deposits
  • 92.59%Equity capital to assets
  • 6.60%Core capital (leverage) ratio
  • 6.16%Tier 1 risk-based capital ratio
  • 9.02%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $933,427Average earning assets
  • $67,099Average equity
  • $845,045Average loans

List of branches

  • 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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