Robeson Savings Bank, Inc., SSB in Lumberton, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1993

Robeson Savings Bank, Inc., SSB in Lumberton, North Carolina (NC)
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Robeson Savings Bank, Inc., SSB - Overview

General
FDIC Certificate #: 30404
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: RBC Bank (USA) (#33184)
Federal Reserve ID: 440473
Date Established: September 05, 1978
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 8 (Interstate: No)
OTS Docket #: 5289
FDIC's unique #: 43238
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: July 11, 1985
Last Structure Change Effective Date: December 31, 1993
Last Structure Change Process Date: January 26, 1994
Last Data Update: January 26, 1994
Data Source Date: April 05, 2012
Location
Address: 600 North Pine Street, Lumberton, NC 28358
County: Robeson
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
Combined Statistical Area (CSA): Lumberton-Laurinburg, NC (#354)
Core Based Statistical Area (CBSA): Lumberton, NC (#31300)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $95.2 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$26Total assets
$100,716Cash and due from depository institutions
$1,503Interest-bearing balances
$670Securities
$59,104Federal funds sold & reverse repurchase agreements
$2,550Net loans & leases
$34,184Loan loss allowance
$231Trading account assets
$0Bank premises and fixed assets
$358Other real estate owned
$328Goodwill and other intangibles
$2,310Life insurance assets
$379All other assets
$0Total liabilities and capital
$100,716Total liabilities
$93,714Total deposits
$92,454Interest-bearing deposits
$91,353Deposits held in domestic offices
92454.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,260Total equity capital
$1,260Total bank equity capital
$7,002Perpetual preferred stock
$0Common stock
$567Surplus
$1,686Undivided profits
Memoranda
$4,749Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$520Income earned, not collected on loans
$0Earning assets
$96,508Long-term assets (5+ years)
$0Average Assets, year-to-date
$101,723Average Assets, quarterly
$101,250Volatile liabilities
$7,292Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,483Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,623Total risk weighted assets
$33,522Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$8,031Total interest expense
$4,826Net interest income
$3,205Provision for loan and lease losses
$152Total noninterest income
$394Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$394Total noninterest expense
$1,785Salaries and employee benefits
$859Premises and equipment expense
$334Additional noninterest expense
$592Pre-tax net operating income
$1,662Securities gains (losses)
$0Applicable income taxes
$602Income before extraordinary items
$1,060Extraordinary gains - net
$0Net income attributable to bank
$1,060Net charge-offs
$20Cash dividends
$280Sale, conversion, retirement of capital stock, net
$63Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.23%Cost of funding earning assets
4.95%Net interest margin
3.29%Noninterest income to earning assets
0.40%Noninterest expense to earning assets
1.83%Net operating income to assets
1.04%Return on assets (ROA)
1.04%Pretax return on assets
1.63%Return on equity (ROE)
16.27%Retained earnings to average equity (YTD only)
11.97%Net charge-offs to loans
0.06%Credit loss provision to net charge-offs
760.00%Efficiency ratio
49,014Assets per employee
3.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
26.42%Loss allowance to loans
0.67%Loss allowance to noncurrent loans
44.42%Noncurrent assets plus other real estate owned to assets
0.84%Noncurrent loans to loans
1.51%Net loans and leases to deposits
36.97%Net loans and leases to core deposits
40.14%Equity capital to assets
6.95%Core capital (leverage) ratio
6.61%Tier 1 risk-based capital ratio
19.76%Total risk-based capital ratio
Memoranda
$20Average assets
$101,723Average earning assets
$6,517Average equity
$97,528Average loans

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