Peoples Savings Bank, Inc., SSB in Wilmington, North Carolina (NC)



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Peoples Savings Bank, Inc., SSB
GeneralFDIC Certificate #: 28817
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First-Citizens Bank & Trust Company (#11063)
Federal Reserve ID: 517375
Date Established: January 01, 1906
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 2420
FDIC's unique #: 41651
Numeric code: 41
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: December 13, 1935
Last Structure Change Effective Date: Febuary 14, 1996
Last Structure Change Process Date: May 01, 1996
Last Data Update: May 01, 1996
Data Source Date: April 05, 2012
LocationAddress: 315 Market Street, Wilmington, NC 28401
County: New Hanover
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): Wilmington, NC (#9200)
Core Based Statistical Area (CBSA): Wilmington, NC (#48900)
CBSA Metro Statistical Area: Wilmington, NC (#48900)
Financial SummaryTotal assets: $99.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$39
Cash and due from depository institutions$99,651
Interest-bearing balances$6,421
Securities$5,506
Federal funds sold & reverse repurchase agreements$16,878
Net loans & leases$0
Loan loss allowance $73,727
Trading account assets$473
Bank premises and fixed assets$0
Other real estate owned$87
Goodwill and other intangibles$130
All other assets$0
Life insurance assets$2,408
Total liabilities and capital$0
Total liabilities$99,651
Total deposits$89,224
Interest-bearing deposits$80,155
Deposits held in domestic offices$76,333
% insured (estimated)80155.00%
Federal funds purchased & repurchase agreements $97
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $3,232
All other liabilities $0
Total equity capital$5,837
Total bank equity capital$5,837
Perpetual preferred stock$10,427
Common stock$0
Surplus$0
Undivided profits $7,947
Memoranda
Noncurrent loans and leases $2,480
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $427
Earning assets $455
Long-term assets (5+ years) $96,111
Average Assets, year-to-date $17,303
Average Assets, quarterly $101,019
Volatile liabilities $99,913
Insider loans $5,283
FHLB advances $913
Loans and leases held for sale $0
Unused loan commitments $207
Tier 1 (core) risk-based capital $8,918
Tier 2 risk-based capital $0
Total risk weighted assets $10,425
Total unused commitments $59,848
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1995)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $7,839
Net interest income $3,735
Provision for loan and lease losses $4,104
Total noninterest income $110
Fiduciary activities $1,121
Service charges on deposit accounts $0
Trading account gains & fees $278
Additional noninterest income $0
Total noninterest expense $843
Salaries and employee benefits $3,280
Premises and equipment expense $1,591
Additional noninterest expense $288
Pre-tax net operating income $1,401
Securities gains (losses) $1,835
Applicable income taxes $0
Income before extraordinary items $468
Extraordinary gains - net $1,367
Net income attributable to bank $0
Net charge-offs $1,367
Cash dividends $24
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 1995)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 8.09%
Net interest margin 3.85%
Noninterest income to earning assets 4.23%
Noninterest expense to earning assets 1.16%
Net operating income to assets 3.38%
Return on assets (ROA) 1.35%
Pretax return on assets 1.35%
Return on equity (ROE) 1.82%
Retained earnings to average equity (YTD only) 14.23%
Net charge-offs to loans 14.23%
Credit loss provision to net charge-offs 0.03%
Efficiency ratio458.33%
Assets per employee$62,775
Cash dividends to net income (YTD only)2.56%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.64%
Noncurrent assets plus other real estate owned to assets 110.77%
Noncurrent loans to loans 0.56%
Net loans and leases to deposits0.58%
Net loans and leases to core deposits 91.98%
Equity capital to assets 98.47%
Core capital (leverage) ratio 10.46%
Tier 1 risk-based capital ratio 10.38%
Total risk-based capital ratio 17.42%
Memoranda
Average assets$18
Average earning assets$101,019
Average equity $9,605
Average loans $96,926
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