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


  • Morganton Federal Savings and Loan Association in Morganton, North Carolina (NC)
  • Show street view No street view available for this location

Morganton Federal Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 30434
    Status: Active
    Federal Reserve ID: 332671
    Date Established: January 01, 1903
    WWW: http://www.morgantonfed.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 5332
    FDIC's unique #: 43268
    Numeric code: 38
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 28, 1959
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 South King Street, Morganton, NC 28655
    County: Burke
    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): Hickory-Morganton-Lenoir, NC (#3290)
    Core Based Statistical Area (CBSA): Hickory-Lenoir-Morganton, NC (#25860)
    CBSA Metro Statistical Area: Hickory-Lenoir-Morganton, NC (#25860)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $84.6 mil
    Equity capital: $22.7 mil
    Deposits held in domestic offices: $56.7 mil
    Return on assets (ROA): -0.51% (-$0.4 mil)
    Quarterly return on assets: 0.61% ($0.5 mil)
    Return on Equity (ROE): -1.91% (-$0.4 mil)
    Quarterly return on equity: 2.30% ($0.5 mil)
    Net income: -$0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -0.89% (-$752.7 mil)
    Quarterly Pretax return on assets: 0.63% ($532.8 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
  • 10Total employees (full-time equivalent)
  • $84,576Total assets
  • $11,276Cash and due from depository institutions
  • $10,677Interest-bearing balances
  • $5,328Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $54,348Net loans & leases
  • $1,726Loan loss allowance
  • $0Trading account assets
  • $2,988Bank premises and fixed assets
  • $980Other real estate owned
  • $0Goodwill and other intangibles
  • $84,576Life insurance assets
  • $9,656All other assets
  • $61,922Total liabilities and capital
  • $56,747Total liabilities
  • $55,794Total deposits
  • $56,747Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $2,175Subordinated debt
  • $22,654All other liabilities
  • $22,654Total equity capital
  • $22,654Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $22,654Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $436Income earned, not collected on loans
  • $0Earning assets
  • $313Long-term assets (5+ years)
  • $70,353Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $86,612Volatile liabilities
  • $85,391Insider loans
  • $60,182FHLB advances
  • $84,927Loans and leases held for sale
  • $6,807Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $23,005Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,909Restructured Loans and leases
  • $1,647Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,529Total interest income
  • $1,069Total interest expense
  • $2,460Net interest income
  • $1,700Provision for loan and lease losses
  • $378Total noninterest income
  • $0Fiduciary activities
  • $168Service charges on deposit accounts
  • $0Trading account gains & fees
  • $210Additional noninterest income
  • $2,080Total noninterest expense
  • $1,255Salaries and employee benefits
  • $407Premises and equipment expense
  • $418Additional noninterest expense
  • -$942Pre-tax net operating income
  • $167Securities gains (losses)
  • -$334Applicable income taxes
  • -$441Income before extraordinary items
  • $0Extraordinary gains - net
  • -$441Net income attributable to bank
  • $0Net charge-offs
  • -$441Cash dividends
  • $185Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.85%Yield on earning assets
  • 1.47%Cost of funding earning assets
  • 3.38%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 2.86%Noninterest expense to earning assets
  • -0.63%Net operating income to assets
  • -0.51%Return on assets (ROA)
  • -0.89%Pretax return on assets
  • -1.91%Return on equity (ROE)
  • -1.91%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 918.92%Credit loss provision to net charge-offs
  • 4.10%Efficiency ratio
  • 73,291Assets per employee
  • 8.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.08%Loss allowance to noncurrent loans
  • 395.87%Noncurrent assets plus other real estate owned to assets
  • 1.67%Noncurrent loans to loans
  • 0.78%Net loans and leases to deposits
  • 95.77%Net loans and leases to core deposits
  • 109.19%Equity capital to assets
  • 26.79%Core capital (leverage) ratio
  • 27.09%Tier 1 risk-based capital ratio
  • 38.23%Total risk-based capital ratio
  • Memoranda
  • $39Average assets
  • $86,612Average earning assets
  • $23,107Average equity
  • $72,821Average loans

List of branches

  • 1 North Carolina Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043268Morganton Federal Savings And Loan A100 South King Street, Morganton, NC 28655January 01, 1903Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Morganton Federal Savings and Loan Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents