Richmond Savings Bank, SSB in Rockingham, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 26, 2000

  • Richmond Savings Bank, SSB in Rockingham, North Carolina (NC)
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Richmond Savings Bank, SSB - Overview

  • General
  • FDIC Certificate #: 28034
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Communityone Bank, National Association (#4879)
    Federal Reserve ID: 796974
    Date Established: January 01, 1906
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 772
    FDIC's unique #: 40868
    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: Febuary 25, 1957
    Last Structure Change Effective Date: June 26, 2000
    Last Structure Change Process Date: July 17, 2000
    Last Data Update: July 17, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 115 South Lawrence Street, Rockingham, NC 28379
    County: Richmond
    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
    Core Based Statistical Area (CBSA): Rockingham, NC (#40460)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $124.7 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 48Total employees (full-time equivalent)
  • $120,800Total assets
  • $7,622Cash and due from depository institutions
  • $3,115Interest-bearing balances
  • $13,953Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $94,953Net loans & leases
  • $544Loan loss allowance
  • $0Trading account assets
  • $2,632Bank premises and fixed assets
  • $308Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,332All other assets
  • $120,800Total liabilities and capital
  • $105,086Total liabilities
  • $104,129Total deposits
  • $100,171Interest-bearing deposits
  • $104,129Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $957All other liabilities
  • $15,714Total equity capital
  • $15,714Total bank equity capital
  • $15,714Perpetual preferred stock
  • $0Common stock
  • $8,601Surplus
  • $0Undivided profits
  • Memoranda
  • $7,113Noncurrent loans and leases
  • $17,757Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $151Earning assets
  • $0Long-term assets (5+ years)
  • $394Average Assets, year-to-date
  • $112,021Average Assets, quarterly
  • $27,385Volatile liabilities
  • $119,303Insider loans
  • $120,619FHLB advances
  • $14,465Loans and leases held for sale
  • $309Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $17,757Total unused commitments
  • $0Restructured Loans and leases
  • $544Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $8,742Total interest income
  • $4,425Total interest expense
  • $4,317Net interest income
  • $102Provision for loan and lease losses
  • $629Total noninterest income
  • $0Fiduciary activities
  • $281Service charges on deposit accounts
  • $0Trading account gains & fees
  • $348Additional noninterest income
  • $3,256Total noninterest expense
  • $1,617Salaries and employee benefits
  • $402Premises and equipment expense
  • $1,237Additional noninterest expense
  • $1,588Pre-tax net operating income
  • $0Securities gains (losses)
  • $557Applicable income taxes
  • $1,031Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,031Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $45Sale, conversion, retirement of capital stock, net
  • $860Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.79%Yield on earning assets
  • 3.94%Cost of funding earning assets
  • 3.85%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 2.90%Noninterest expense to earning assets
  • 0.86%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 1.33%Pretax return on assets
  • 6.67%Return on equity (ROE)
  • 1.11%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 226.67%Credit loss provision to net charge-offs
  • 37.56%Efficiency ratio
  • 65,831Assets per employee
  • 2.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 83.41%Loss allowance to loans
  • 0.57%Loss allowance to noncurrent loans
  • 360.26%Noncurrent assets plus other real estate owned to assets
  • 0.38%Noncurrent loans to loans
  • 0.16%Net loans and leases to deposits
  • 91.19%Net loans and leases to core deposits
  • 105.90%Equity capital to assets
  • 13.01%Core capital (leverage) ratio
  • 12.97%Tier 1 risk-based capital ratio
  • 21.10%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $119,303Average earning assets
  • $15,468Average equity
  • $112,179Average loans

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