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)
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Morganton Federal Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 30434
    Status: Active
    Federal Reserve ID: 332671
    Date Established: January 01, 1903
    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

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