Mutual Savings Bank of Rockingham County, SSB in Reidsville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 09, 1994

  • Mutual Savings Bank of Rockingham County, SSB in Reidsville, North Carolina (NC)
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Mutual Savings Bank of Rockingham County, SSB - Overview

  • General
  • FDIC Certificate #: 28028
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company (#9846)
    Federal Reserve ID: 733175
    Date Established: January 01, 1921
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 766
    FDIC's unique #: 40862
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 29, 1938
    Last Structure Change Effective Date: September 09, 1994
    Last Structure Change Process Date: October 19, 1994
    Last Data Update: October 19, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 233 Gilmer Street, Reidsville, NC 27320
    County: Rockingham
    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
    Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
    Core Based Statistical Area (CBSA): Greensboro-High Point, NC (#24660)
    CBSA Metro Statistical Area: Greensboro-High Point, NC (#24660)
  • Financial Summary
  • Total assets: $86.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $20Total assets
  • $87,383Cash and due from depository institutions
  • $2,092Interest-bearing balances
  • $240Securities
  • $30,771Federal funds sold & reverse repurchase agreements
  • $9,550Net loans & leases
  • $43,536Loan loss allowance
  • $448Trading account assets
  • $0Bank premises and fixed assets
  • $0Other real estate owned
  • $300Goodwill and other intangibles
  • $1,134Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $87,383Total liabilities
  • $79,014Total deposits
  • $73,303Interest-bearing deposits
  • $72,202Deposits held in domestic offices
  • 73303.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $5,711Total equity capital
  • $5,711Total bank equity capital
  • $8,369Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $8,189Undivided profits
  • Memoranda
  • $179Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $26Income earned, not collected on loans
  • $0Earning assets
  • $84,097Long-term assets (5+ years)
  • $34,425Average Assets, year-to-date
  • $84,012Average Assets, quarterly
  • $86,886Volatile liabilities
  • $10,442Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,024Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $8,369Total risk weighted assets
  • $34,657Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $6,058Total interest expense
  • $3,429Net interest income
  • $2,629Provision for loan and lease losses
  • $100Total noninterest income
  • $159Fiduciary activities
  • $0Service charges on deposit accounts
  • $44Trading account gains & fees
  • $0Additional noninterest income
  • $115Total noninterest expense
  • $1,636Salaries and employee benefits
  • $989Premises and equipment expense
  • $123Additional noninterest expense
  • $524Pre-tax net operating income
  • $1,052Securities gains (losses)
  • $5Applicable income taxes
  • $383Income before extraordinary items
  • $674Extraordinary gains - net
  • $0Net income attributable to bank
  • $674Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $7,219Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.53%Cost of funding earning assets
  • 4.26%Net interest margin
  • 3.27%Noninterest income to earning assets
  • 0.20%Noninterest expense to earning assets
  • 2.03%Net operating income to assets
  • 0.80%Return on assets (ROA)
  • 0.80%Pretax return on assets
  • 1.26%Return on equity (ROE)
  • 9.96%Retained earnings to average equity (YTD only)
  • 9.96%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 58,680Assets per employee
  • 4.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 1723.08%Noncurrent assets plus other real estate owned to assets
  • 0.37%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 59.39%Net loans and leases to core deposits
  • 69.26%Equity capital to assets
  • 9.58%Core capital (leverage) ratio
  • 9.59%Tier 1 risk-based capital ratio
  • 24.15%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $84,012Average earning assets
  • $6,770Average equity
  • $80,472Average loans

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