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

This bank is inactive as of Febuary 06, 1999

  • Scotland Savings Bank, SSB in Laurinburg, North Carolina (NC)
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Scotland Savings Bank, SSB - Overview

  • General
  • FDIC Certificate #: 28525
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: RBC Bank (USA) (#33184)
    Federal Reserve ID: 602271
    Date Established: January 01, 1923
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 1776
    FDIC's unique #: 41359
    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: April 21, 1949
    Last Structure Change Effective Date: Febuary 06, 1999
    Last Structure Change Process Date: March 01, 1999
    Last Data Update: March 01, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 505 South Main Street, Laurinburg, NC 28352
    County: Scotland
    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): Laurinburg, NC (#29900)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $58.6 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, 1998)

  • Dollar figures in thousands
  • 11Total employees (full-time equivalent)
  • $58,594Total assets
  • $2,442Cash and due from depository institutions
  • $510Interest-bearing balances
  • $6,430Securities
  • $7,250Federal funds sold & reverse repurchase agreements
  • $40,830Net loans & leases
  • $255Loan loss allowance
  • $0Trading account assets
  • $745Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $897All other assets
  • $58,594Total liabilities and capital
  • $44,782Total liabilities
  • $43,541Total deposits
  • $42,091Interest-bearing deposits
  • $43,541Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,241All other liabilities
  • $13,812Total equity capital
  • $13,812Total bank equity capital
  • $13,812Perpetual preferred stock
  • $0Common stock
  • $3,421Surplus
  • $0Undivided profits
  • Memoranda
  • $10,391Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $38Earning assets
  • $0Long-term assets (5+ years)
  • $134Average Assets, year-to-date
  • $55,020Average Assets, quarterly
  • $26,370Volatile liabilities
  • $60,283Insider loans
  • $59,224FHLB advances
  • $3,495Loans and leases held for sale
  • $635Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,431Total unused commitments
  • $0Restructured Loans and leases
  • $30,358Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $4,373Total interest income
  • $2,092Total interest expense
  • $2,281Net interest income
  • $0Provision for loan and lease losses
  • $69Total noninterest income
  • $0Fiduciary activities
  • $52Service charges on deposit accounts
  • $0Trading account gains & fees
  • $17Additional noninterest income
  • $1,588Total noninterest expense
  • $1,052Salaries and employee benefits
  • $219Premises and equipment expense
  • $317Additional noninterest expense
  • $762Pre-tax net operating income
  • $10Securities gains (losses)
  • $305Applicable income taxes
  • $467Income before extraordinary items
  • $0Extraordinary gains - net
  • $467Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $385Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.68%Yield on earning assets
  • 3.67%Cost of funding earning assets
  • 4.00%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 2.79%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 0.77%Return on assets (ROA)
  • 1.28%Pretax return on assets
  • 3.44%Return on equity (ROE)
  • 0.60%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 67,574Assets per employee
  • 5.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 82.44%Loss allowance to loans
  • 0.62%Loss allowance to noncurrent loans
  • 671.05%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.09%Net loans and leases to deposits
  • 93.77%Net loans and leases to core deposits
  • 101.96%Equity capital to assets
  • 23.57%Core capital (leverage) ratio
  • 21.73%Tier 1 risk-based capital ratio
  • 42.26%Total risk-based capital ratio
  • Memoranda
  • $45Average assets
  • $60,283Average earning assets
  • $13,580Average equity
  • $56,963Average loans

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