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

This bank is inactive as of Febuary 27, 1993

  • SNB Savings Bank, Inc., SSB of Elkin in Elkin, North Carolina (NC)
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SNB Savings Bank, Inc., SSB of Elkin - Overview

  • General
  • FDIC Certificate #: 28377
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SNB Savings Bank, Inc., SSB (#32115)
    Federal Reserve ID: 96179
    Date Established: January 01, 1908
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 1469
    FDIC's unique #: 41211
    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 06, 1951
    Last Structure Change Effective Date: Febuary 27, 1993
    Last Structure Change Process Date: March 16, 1993
    Last Data Update: March 16, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 West Main Street, Elkin, NC 28621
    County: Surry
    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
    Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
    Core Based Statistical Area (CBSA): Mount Airy, NC (#34340)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $142.4 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $54Total assets
  • $142,356Cash and due from depository institutions
  • $10,755Interest-bearing balances
  • $7,108Securities
  • $23,421Federal funds sold & reverse repurchase agreements
  • $2,295Net loans & leases
  • $99,678Loan loss allowance
  • $392Trading account assets
  • $0Bank premises and fixed assets
  • $2,280Other real estate owned
  • $276Goodwill and other intangibles
  • $3,136Life insurance assets
  • $515All other assets
  • $0Total liabilities and capital
  • $142,356Total liabilities
  • $122,641Total deposits
  • $121,371Interest-bearing deposits
  • $118,347Deposits held in domestic offices
  • 121371.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,270Total equity capital
  • $1,270Total bank equity capital
  • $19,715Perpetual preferred stock
  • $0Common stock
  • $1,282Surplus
  • $8,841Undivided profits
  • Memoranda
  • $9,592Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $181Income earned, not collected on loans
  • $564Earning assets
  • $132,502Long-term assets (5+ years)
  • $87,811Average Assets, year-to-date
  • $145,467Average Assets, quarterly
  • $143,262Volatile liabilities
  • $9,700Insider loans
  • $267FHLB advances
  • $0Loans and leases held for sale
  • $1,973Unused loan commitments
  • $8,077Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $19,300Total risk weighted assets
  • $77,443Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $11,985Total interest expense
  • $5,874Net interest income
  • $6,111Provision for loan and lease losses
  • $32Total noninterest income
  • $860Fiduciary activities
  • $0Service charges on deposit accounts
  • $232Trading account gains & fees
  • $0Additional noninterest income
  • $628Total noninterest expense
  • $3,036Salaries and employee benefits
  • $1,485Premises and equipment expense
  • $294Additional noninterest expense
  • $1,257Pre-tax net operating income
  • $3,903Securities gains (losses)
  • $0Applicable income taxes
  • $1,383Income before extraordinary items
  • $2,520Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,520Net charge-offs
  • $12Cash 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
  • 8.78%Cost of funding earning assets
  • 4.30%Net interest margin
  • 4.47%Noninterest income to earning assets
  • 0.63%Noninterest expense to earning assets
  • 2.22%Net operating income to assets
  • 1.73%Return on assets (ROA)
  • 1.73%Pretax return on assets
  • 2.68%Return on equity (ROE)
  • 13.66%Retained earnings to average equity (YTD only)
  • 13.66%Net charge-offs to loans
  • 0.01%Credit loss provision to net charge-offs
  • 266.67%Efficiency ratio
  • 43,007Assets per employee
  • 2.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.39%Loss allowance to noncurrent loans
  • 216.57%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.18%Net loans and leases to deposits
  • 82.13%Net loans and leases to core deposits
  • 89.26%Equity capital to assets
  • 13.85%Core capital (leverage) ratio
  • 13.41%Tier 1 risk-based capital ratio
  • 24.92%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $145,467Average earning assets
  • $18,454Average equity
  • $136,580Average loans

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