Mutual Community Savings Bank, SSB in Durham, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 28, 2008

  • Mutual Community Savings Bank, SSB in Durham, North Carolina (NC)
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Mutual Community Savings Bank, SSB - Overview

  • General
  • FDIC Certificate #: 30118
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mechanics & Farmers Bank (#12266)
    Federal Reserve ID: 855778
    Date Established: January 01, 1921
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 4777
    FDIC's unique #: 42952
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 07, 1941
    Last Structure Change Effective Date: March 28, 2008
    Last Structure Change Process Date: April 04, 2008
    Last Data Update: April 04, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 315 East Chapel Hill Street, Durham, NC 27701
    County: Durham
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Raleigh
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Raleigh-Durham-Chapel Hill, NC (#6640)
    Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450)
    Core Based Statistical Area (CBSA): Durham-Chapel Hill, NC (#20500)
    CBSA Metro Statistical Area: Durham-Chapel Hill, NC (#20500)
  • Financial Summary
  • Total assets: $63.9 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, 2007)

  • Dollar figures in thousands
  • 26Total employees (full-time equivalent)
  • $63,862Total assets
  • $12,386Cash and due from depository institutions
  • $9,717Interest-bearing balances
  • $4,151Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $43,261Net loans & leases
  • $746Loan loss allowance
  • $0Trading account assets
  • $2,677Bank premises and fixed assets
  • $93Other real estate owned
  • $0Goodwill and other intangibles
  • $139Life insurance assets
  • $1,294All other assets
  • $63,862Total liabilities and capital
  • $59,178Total liabilities
  • $49,796Total deposits
  • $38,439Interest-bearing deposits
  • $49,796Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $8,900Other borrowed funds
  • $0Subordinated debt
  • $482All other liabilities
  • $4,684Total equity capital
  • $4,684Total bank equity capital
  • $4,684Perpetual preferred stock
  • $0Common stock
  • $4Surplus
  • $3,146Undivided profits
  • Memoranda
  • $1,534Noncurrent loans and leases
  • $4,549Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,191Earning assets
  • $0Long-term assets (5+ years)
  • $346Average Assets, year-to-date
  • $57,129Average Assets, quarterly
  • $20,960Volatile liabilities
  • $81,241Insider loans
  • $73,671FHLB advances
  • $8,648Loans and leases held for sale
  • $643Unused loan commitments
  • $8,900Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,549Total unused commitments
  • $0Restructured Loans and leases
  • $576Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $4,610Total interest income
  • $2,349Total interest expense
  • $2,261Net interest income
  • -$33Provision for loan and lease losses
  • $1,071Total noninterest income
  • $0Fiduciary activities
  • $515Service charges on deposit accounts
  • $0Trading account gains & fees
  • $556Additional noninterest income
  • $3,827Total noninterest expense
  • $1,774Salaries and employee benefits
  • $728Premises and equipment expense
  • $1,325Additional noninterest expense
  • -$462Pre-tax net operating income
  • -$62Securities gains (losses)
  • $1,114Applicable income taxes
  • -$1,638Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,638Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $53Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.39%Yield on earning assets
  • 3.25%Cost of funding earning assets
  • 3.13%Net interest margin
  • 1.48%Noninterest income to earning assets
  • 5.30%Noninterest expense to earning assets
  • -1.94%Net operating income to assets
  • -2.02%Return on assets (ROA)
  • -0.64%Pretax return on assets
  • -29.73%Return on equity (ROE)
  • -29.73%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • -62.26%Credit loss provision to net charge-offs
  • -9.34%Efficiency ratio
  • 114,856Assets per employee
  • 2.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.70%Loss allowance to noncurrent loans
  • 62.64%Noncurrent assets plus other real estate owned to assets
  • 2.01%Noncurrent loans to loans
  • 2.71%Net loans and leases to deposits
  • 86.88%Net loans and leases to core deposits
  • 105.14%Equity capital to assets
  • 7.33%Core capital (leverage) ratio
  • 7.35%Tier 1 risk-based capital ratio
  • 10.19%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $81,241Average earning assets
  • $5,509Average equity
  • $72,193Average loans

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