Pioneer Savings Bank, Inc. in Rocky Mount, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 24, 1993

  • Pioneer Savings Bank, Inc. in Rocky Mount, North Carolina (NC)
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Pioneer Savings Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 27835
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: First-Citizens Bank & Trust Company (#11063)
    Federal Reserve ID: 672274
    Date Established: January 01, 1912
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 363
    FDIC's unique #: 40669
    Numeric code: 35
    Regulator: OTS
    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: October 16, 1937
    Last Structure Change Effective Date: September 24, 1993
    Last Structure Change Process Date: November 03, 1993
    Last Data Update: November 08, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 224 South Franklin Street, Rocky Mount, NC 27801
    County: Nash
    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): Rocky Mount, NC (#6895)
    Core Based Statistical Area (CBSA): Rocky Mount, NC (#40580)
    CBSA Metro Statistical Area: Rocky Mount, NC (#40580)
  • History of Changes
  • Merger - Without Assistance
    Office Sold
  • Financial Summary
  • Total assets: $310.2 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $176Total assets
  • $355,334Cash and due from depository institutions
  • $17,344Interest-bearing balances
  • $12,890Securities
  • $26,876Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $264,393Loan loss allowance
  • $4,559Trading account assets
  • $0Bank premises and fixed assets
  • $8,453Other real estate owned
  • $30,367Goodwill and other intangibles
  • $7,901Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $355,334Total liabilities
  • $346,054Total deposits
  • $275,397Interest-bearing deposits
  • $269,916Deposits held in domestic offices
  • 275397.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $67,461Subordinated debt
  • $0All other liabilities
  • $3,196Total equity capital
  • $3,196Total bank equity capital
  • $9,280Perpetual preferred stock
  • $0Common stock
  • $1,814Surplus
  • $11,637Undivided profits
  • Memoranda
  • $-4,171Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,622Income earned, not collected on loans
  • $1,250Earning assets
  • $304,159Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $397,888Average Assets, quarterly
  • $364,582Volatile liabilities
  • $70,462Insider loans
  • $0FHLB advances
  • $65,500Loans and leases held for sale
  • $0Unused loan commitments
  • $13,792Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $9,280Total risk weighted assets
  • $242,275Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $30,330Total interest expense
  • $22,657Net interest income
  • $7,673Provision for loan and lease losses
  • $3,078Total noninterest income
  • $4,881Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $4,881Total noninterest expense
  • $10,599Salaries and employee benefits
  • $4,146Premises and equipment expense
  • $1,498Additional noninterest expense
  • $4,955Pre-tax net operating income
  • -$1,123Securities gains (losses)
  • $291Applicable income taxes
  • $0Income before extraordinary items
  • -$832Extraordinary gains - net
  • $0Net income attributable to bank
  • -$832Net charge-offs
  • $1,975Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.14%Cost of funding earning assets
  • 6.83%Net interest margin
  • 2.31%Noninterest income to earning assets
  • 1.47%Noninterest expense to earning assets
  • 3.19%Net operating income to assets
  • -0.28%Return on assets (ROA)
  • -0.21%Pretax return on assets
  • -0.21%Return on equity (ROE)
  • -8.46%Retained earnings to average equity (YTD only)
  • -8.46%Net charge-offs to loans
  • 0.66%Credit loss provision to net charge-offs
  • 155.85%Efficiency ratio
  • 84,427Assets per employee
  • 2.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.70%Loss allowance to noncurrent loans
  • 33.47%Noncurrent assets plus other real estate owned to assets
  • 12.38%Noncurrent loans to loans
  • 5.06%Net loans and leases to deposits
  • 96.00%Net loans and leases to core deposits
  • 97.06%Equity capital to assets
  • 2.61%Core capital (leverage) ratio
  • 2.62%Tier 1 risk-based capital ratio
  • 3.83%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $397,888Average earning assets
  • $9,833Average equity
  • $331,757Average loans

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