Pioneer Savings Bank, Inc. in city_name, state_name - Detailed Financial Reports, Location

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
Corrections
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

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

Pioneer Savings Bank, Inc. - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

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

Pioneer Savings Bank, Inc. - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

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