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

This bank is inactive as of May 27, 1995

  • SNB Savings Bank, Inc., SSB in Valdese, North Carolina (NC)
  • Show street view No street view available for this location

SNB Savings Bank, Inc., SSB - Overview

  • General
  • FDIC Certificate #: 32115
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company (#9846)
    Federal Reserve ID: 442570
    Date Established: January 01, 1933
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 6 (Interstate: No)
    OTS Docket #: 7869
    FDIC's unique #: 44949
    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 03, 1982
    Last Structure Change Effective Date: May 27, 1995
    Last Structure Change Process Date: June 15, 1995
    Last Data Update: June 15, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 225 East Main Street, Valdese, NC 28690
    County: Burke
    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
    Metropolitan Statistical Area (MSA): Hickory-Morganton-Lenoir, NC (#3290)
    Core Based Statistical Area (CBSA): Hickory-Lenoir-Morganton, NC (#25860)
    CBSA Metro Statistical Area: Hickory-Lenoir-Morganton, NC (#25860)
  • Financial Summary
  • Total assets: $320.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $165Total assets
  • $314,031Cash and due from depository institutions
  • $11,326Interest-bearing balances
  • $320Securities
  • $38,290Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $246,176Loan loss allowance
  • $2,317Trading account assets
  • $0Bank premises and fixed assets
  • $4,928Other real estate owned
  • $296Goodwill and other intangibles
  • $2,710Life insurance assets
  • $10,305All other assets
  • $0Total liabilities and capital
  • $314,031Total liabilities
  • $273,532Total deposits
  • $198,638Interest-bearing deposits
  • $189,873Deposits held in domestic offices
  • 198638.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $67,700Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $7,194Total equity capital
  • $7,194Total bank equity capital
  • $40,499Perpetual preferred stock
  • $0Common stock
  • $1,484Surplus
  • $27,758Undivided profits
  • Memoranda
  • $11,257Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,323Income earned, not collected on loans
  • $882Earning assets
  • $284,786Long-term assets (5+ years)
  • $54,458Average Assets, year-to-date
  • $259,238Average Assets, quarterly
  • $286,726Volatile liabilities
  • $86,605Insider loans
  • $150FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $19,427Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $30,562Total risk weighted assets
  • $182,742Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $19,638Total interest expense
  • $7,821Net interest income
  • $11,817Provision for loan and lease losses
  • $1,126Total noninterest income
  • $4,165Fiduciary activities
  • $0Service charges on deposit accounts
  • $471Trading account gains & fees
  • $0Additional noninterest income
  • $3,694Total noninterest expense
  • $8,221Salaries and employee benefits
  • $3,948Premises and equipment expense
  • $634Additional noninterest expense
  • $3,639Pre-tax net operating income
  • $6,635Securities gains (losses)
  • $0Applicable income taxes
  • $2,594Income before extraordinary items
  • $4,041Extraordinary gains - net
  • $0Net income attributable to bank
  • $4,041Net charge-offs
  • $143Cash dividends
  • $3,296Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.06%Cost of funding earning assets
  • 3.21%Net interest margin
  • 4.85%Noninterest income to earning assets
  • 1.71%Noninterest expense to earning assets
  • 3.37%Net operating income to assets
  • 1.56%Return on assets (ROA)
  • 1.56%Pretax return on assets
  • 2.56%Return on equity (ROE)
  • 13.66%Retained earnings to average equity (YTD only)
  • 2.52%Net charge-offs to loans
  • 0.07%Credit loss provision to net charge-offs
  • 787.41%Efficiency ratio
  • 49,299Assets per employee
  • 1.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 81.56%Loss allowance to loans
  • 0.93%Loss allowance to noncurrent loans
  • 175.13%Noncurrent assets plus other real estate owned to assets
  • 0.52%Noncurrent loans to loans
  • 0.53%Net loans and leases to deposits
  • 123.93%Net loans and leases to core deposits
  • 136.97%Equity capital to assets
  • 12.90%Core capital (leverage) ratio
  • 10.53%Tier 1 risk-based capital ratio
  • 16.72%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $259,238Average earning assets
  • $29,576Average equity
  • $243,691Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with SNB Savings Bank, Inc., SSB.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents