OMNIBANK, INC., A State Savings Bank, SSB in Salisbury, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 20, 1995

  • OMNIBANK, INC., A State Savings Bank, SSB in Salisbury, North Carolina (NC)
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OMNIBANK, INC., A State Savings Bank, SSB - Overview

  • General
  • FDIC Certificate #: 29237
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Security Capital Bank (#9859)
    Federal Reserve ID: 975274
    Date Established: January 01, 1919
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 3148
    FDIC's unique #: 42071
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 30, 1936
    Last Structure Change Effective Date: May 20, 1995
    Last Structure Change Process Date: June 16, 1995
    Last Data Update: June 16, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 507 West Innes Street, Salisbury, NC 28144
    County: Rowan
    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): Charlotte-Gastonia-Rock Hill, NC-SC (#1520)
    Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Salisbury, NC (#41580)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merger - Without Assistance
    Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $224.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $28Total assets
  • $226,307Cash and due from depository institutions
  • $12,387Interest-bearing balances
  • $11,439Securities
  • $23,618Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $186,852Loan loss allowance
  • $1,874Trading account assets
  • $0Bank premises and fixed assets
  • $1,375Other real estate owned
  • $124Goodwill and other intangibles
  • $1,951Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $226,307Total liabilities
  • $198,633Total deposits
  • $175,974Interest-bearing deposits
  • $164,905Deposits held in domestic offices
  • 175974.00%% insured (estimated)
  • $90Federal funds purchased & repurchase agreements
  • $2,970Trading liabilities
  • $0Other borrowed funds
  • $17,130Subordinated debt
  • $0All other liabilities
  • $2,559Total equity capital
  • $2,559Total bank equity capital
  • $27,674Perpetual preferred stock
  • $0Common stock
  • $1,100Surplus
  • $13,063Undivided profits
  • Memoranda
  • $13,511Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $776Income earned, not collected on loans
  • $945Earning assets
  • $221,909Long-term assets (5+ years)
  • $59,972Average Assets, year-to-date
  • $228,994Average Assets, quarterly
  • $228,047Volatile liabilities
  • $36,541Insider loans
  • $487FHLB advances
  • $0Loans and leases held for sale
  • $2,917Unused loan commitments
  • $18,813Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $27,979Total risk weighted assets
  • $127,063Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $17,615Total interest expense
  • $8,466Net interest income
  • $9,149Provision for loan and lease losses
  • $120Total noninterest income
  • $937Fiduciary activities
  • $0Service charges on deposit accounts
  • $213Trading account gains & fees
  • $0Additional noninterest income
  • $724Total noninterest expense
  • $4,224Salaries and employee benefits
  • $970Premises and equipment expense
  • $195Additional noninterest expense
  • $3,059Pre-tax net operating income
  • $5,742Securities gains (losses)
  • -$14Applicable income taxes
  • $4,709Income before extraordinary items
  • $1,019Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,019Net charge-offs
  • $44Cash dividends
  • $2,809Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.89%Cost of funding earning assets
  • 3.79%Net interest margin
  • 4.10%Noninterest income to earning assets
  • 0.42%Noninterest expense to earning assets
  • 1.89%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.44%Pretax return on assets
  • 2.50%Return on equity (ROE)
  • 3.55%Retained earnings to average equity (YTD only)
  • -6.23%Net charge-offs to loans
  • 0.02%Credit loss provision to net charge-offs
  • 272.73%Efficiency ratio
  • 41,880Assets per employee
  • 8.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 275.66%Loss allowance to loans
  • 0.99%Loss allowance to noncurrent loans
  • 241.49%Noncurrent assets plus other real estate owned to assets
  • 0.40%Noncurrent loans to loans
  • 0.41%Net loans and leases to deposits
  • 106.18%Net loans and leases to core deposits
  • 122.50%Equity capital to assets
  • 12.23%Core capital (leverage) ratio
  • 12.27%Tier 1 risk-based capital ratio
  • 22.02%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $228,994Average earning assets
  • $28,743Average equity
  • $223,351Average loans

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