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

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

  • General
  • FDIC Certificate #: 29358
    Status: Active
    Federal Reserve ID: 155375
    Date Established: January 01, 1914
    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 #: 3331
    FDIC's unique #: 42192
    Numeric code: 36
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: November 23, 1935
    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: 127 North Main Street, Mount Gilead, NC 27306
    County: Montgomery
    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 Primary Regulatory Agency
  • Financial Summary
  • Total assets: $11.3 mil
    Equity capital: $1.8 mil
    Deposits held in domestic offices: $9.5 mil
    Return on assets (ROA): 0.57% ($0.1 mil)
    Quarterly return on assets: 0.91% ($0.1 mil)
    Return on Equity (ROE): 3.75% ($0.1 mil)
    Quarterly return on equity: 5.96% ($0.1 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.68% ($77.0 mil)
    Quarterly Pretax return on assets: 0.91% ($103.0 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
  • 4Total employees (full-time equivalent)
  • $11,318Total assets
  • $1,829Cash and due from depository institutions
  • $1,723Interest-bearing balances
  • $1Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $9,346Net loans & leases
  • $30Loan loss allowance
  • $0Trading account assets
  • $41Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $11,318Life insurance assets
  • $101All other assets
  • $9,559Total liabilities and capital
  • $9,452Total liabilities
  • $9,441Total deposits
  • $9,452Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $100Trading liabilities
  • $0Other borrowed funds
  • $7Subordinated debt
  • $1,759All other liabilities
  • $1,759Total equity capital
  • $1,759Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $1,759Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $41Income earned, not collected on loans
  • $0Earning assets
  • $30Long-term assets (5+ years)
  • $11,070Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $11,469Volatile liabilities
  • $11,427Insider loans
  • $5,392FHLB advances
  • $11,320Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,761Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $312Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $579Total interest income
  • $144Total interest expense
  • $435Net interest income
  • $0Provision for loan and lease losses
  • $6Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6Additional noninterest income
  • $363Total noninterest expense
  • $244Salaries and employee benefits
  • $53Premises and equipment expense
  • $66Additional noninterest expense
  • $78Pre-tax net operating income
  • $0Securities gains (losses)
  • $13Applicable income taxes
  • $65Income before extraordinary items
  • $0Extraordinary gains - net
  • $65Net income attributable to bank
  • $0Net charge-offs
  • $65Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.16%Yield on earning assets
  • 1.28%Cost of funding earning assets
  • 3.88%Net interest margin
  • 0.05%Noninterest income to earning assets
  • 3.24%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.57%Return on assets (ROA)
  • 0.68%Pretax return on assets
  • 3.75%Return on equity (ROE)
  • 3.75%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
  • 82,313Assets per employee
  • 2.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.32%Loss allowance to noncurrent loans
  • 73.17%Noncurrent assets plus other real estate owned to assets
  • 0.36%Noncurrent loans to loans
  • 0.44%Net loans and leases to deposits
  • 98.88%Net loans and leases to core deposits
  • 104.66%Equity capital to assets
  • 15.54%Core capital (leverage) ratio
  • 15.56%Tier 1 risk-based capital ratio
  • 32.66%Total risk-based capital ratio
  • Memoranda
  • $33Average assets
  • $11,469Average earning assets
  • $1,732Average equity
  • $11,211Average loans

List of branches

  • 1 North Carolina Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042192Mount Gilead Savings And Loan Associ127 North Main Street, Mount Gilead, NC 27306January 01, 1914Full Service Brick and Mortar

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