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)
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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

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