New Republic Savings Bank in Roanoke Rapids, North Carolina (NC)

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New Republic Savings Bank
GeneralFDIC Certificate #: 34860
Status: Active
Federal Reserve ID: 2754222
Date Established: December 15, 1998
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 15223
FDIC's unique #: 61823
Numeric code: 33
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 15, 1998
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
LocationAddress: 420 Becker Drive, Roanoke Rapids, NC 27870
County: Halifax
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
Core Based Statistical Area (CBSA): Roanoke Rapids, NC (#40260)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $55.1 mil
Equity capital: $5.9 mil
Deposits held in domestic offices: $43.6 mil
Return on assets (ROA): 0.90% ($0.5 mil)
Quarterly return on assets: 0.45% ($0.2 mil)
Return on Equity (ROE): 8.95% ($0.5 mil)
Quarterly return on equity: 4.37% ($0.3 mil)
Net income: $0.5 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.55% ($854.8 mil)
Quarterly Pretax return on assets: 0.74% ($408.1 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)
Total employees (full-time equivalent)13
Total assets$55,150
Cash and due from depository institutions$488
Interest-bearing balances$240
Federal funds sold & reverse repurchase agreements$4,511
Net loans & leases$47,436
Loan loss allowance $570
Trading account assets$0
Bank premises and fixed assets$1,026
Other real estate owned$766
Goodwill and other intangibles$0
All other assets$923
Life insurance assets$55,150
Total liabilities and capital$49,237
Total liabilities$43,606
Total deposits$42,981
Interest-bearing deposits$43,606
Deposits held in domestic offices$82
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,500
Other borrowed funds $0
Subordinated debt $131
All other liabilities $5,913
Total equity capital$5,913
Total bank equity capital$5,913
Perpetual preferred stock$0
Common stock$0
Undivided profits $2,741
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $730
Earning assets $0
Long-term assets (5+ years) $200
Average Assets, year-to-date $52,187
Average Assets, quarterly $0
Volatile liabilities $55,876
Insider loans $56,425
FHLB advances $36,745
Loans and leases held for sale $55,150
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $5,913
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,153
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,159
Total interest expense $526
Net interest income $2,633
Provision for loan and lease losses $295
Total noninterest income $313
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $313
Total noninterest expense $1,784
Salaries and employee benefits $1,094
Premises and equipment expense $323
Additional noninterest expense $367
Pre-tax net operating income $867
Securities gains (losses) $0
Applicable income taxes $363
Income before extraordinary items $504
Extraordinary gains - net $0
Net income attributable to bank $504
Net charge-offs $0
Cash dividends $504
Sale, conversion, retirement of capital stock, net $54
Net operating income $10
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.97%
Cost of funding earning assets 0.99%
Net interest margin 4.97%
Noninterest income to earning assets 0.59%
Noninterest expense to earning assets 3.37%
Net operating income to assets 0.90%
Return on assets (ROA) 0.90%
Pretax return on assets 1.55%
Return on equity (ROE) 8.95%
Retained earnings to average equity (YTD only) 8.77%
Net charge-offs to loans 0.11%
Credit loss provision to net charge-offs 546.30%
Efficiency ratio21.52%
Assets per employee$60,557
Cash dividends to net income (YTD only)4.24%
Condition Ratios (%)
Loss allowance to loans 1.98%
Loss allowance to noncurrent loans 1.19%
Noncurrent assets plus other real estate owned to assets 78.08%
Noncurrent loans to loans 2.71%
Net loans and leases to deposits1.52%
Net loans and leases to core deposits 108.78%
Equity capital to assets 200.78%
Core capital (leverage) ratio 10.72%
Tier 1 risk-based capital ratio 10.72%
Total risk-based capital ratio 16.09%
Average assets$17
Average earning assets$55,876
Average equity $5,630
Average loans $52,956
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2 North Carolina Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
061823New Republic Savings Bank420 Becker Drive, Roanoke Rapids, NC 27870December 15, 1998Full Service Brick and Mortar
2520239Rocky Mount Branch3321 Sunset Ave, Rocky Mount, NC 27804March 16, 2005Full Service Brick and Mortar
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