FDIC Certificate #: 28573 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:HomeTrust Bank (#27677) Federal Reserve ID: 362977 Date Established: January 01, 1905 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 15138 FDIC's unique #: 41407 Numeric code: 34 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: April 12, 1950 Last Structure Change Effective Date: Febuary 28, 1998 Last Structure Change Process Date: March 18, 1998 Last Data Update: March 18, 1998 Data Source Date: April 05, 2012
Location
Address: 224 East Warren Street, Shelby, NC 28150 County: Cleveland 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): Charlotte-Gastonia-Salisbury, NC-SC (#172) Core Based Statistical Area (CBSA): Shelby, NC (#43140) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $108.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
32Total employees (full-time equivalent)
$107,978Total assets
$4,675Cash and due from depository institutions
$3,164Interest-bearing balances
$13,892Securities
$0Federal funds sold & reverse repurchase agreements
$86,615Net loans & leases
$428Loan loss allowance
$0Trading account assets
$952Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,844All other assets
$107,978Total liabilities and capital
$93,400Total liabilities
$92,042Total deposits
$91,362Interest-bearing deposits
$92,042Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$496Other borrowed funds
$0Subordinated debt
$862All other liabilities
$14,578Total equity capital
$14,578Total bank equity capital
$14,578Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$14,578Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$75Earning assets
$0Long-term assets (5+ years)
$542Average Assets, year-to-date
$103,671Average Assets, quarterly
$47,382Volatile liabilities
$106,852Insider loans
$107,120FHLB advances
$12,073Loans and leases held for sale
$1,419Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,128Total unused commitments
$0Restructured Loans and leases
$53,261Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$8,021Total interest income
$4,661Total interest expense
$3,360Net interest income
$43Provision for loan and lease losses
$90Total noninterest income
$0Fiduciary activities
$36Service charges on deposit accounts
$0Trading account gains & fees
$54Additional noninterest income
$2,481Total noninterest expense
$1,318Salaries and employee benefits
$252Premises and equipment expense
$911Additional noninterest expense
$926Pre-tax net operating income
-$5Securities gains (losses)
$201Applicable income taxes
$720Income before extraordinary items
$0Extraordinary gains - net
$720Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$8Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.81%Yield on earning assets
4.54%Cost of funding earning assets
3.27%Net interest margin
0.09%Noninterest income to earning assets
2.42%Noninterest expense to earning assets
0.68%Net operating income to assets
0.67%Return on assets (ROA)
0.86%Pretax return on assets
5.05%Return on equity (ROE)
5.05%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
537.50%Credit loss provision to net charge-offs
121.13%Efficiency ratio
71,913Assets per employee
3.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.49%Loss allowance to noncurrent loans
570.67%Noncurrent assets plus other real estate owned to assets
0.07%Noncurrent loans to loans
0.09%Net loans and leases to deposits
94.10%Net loans and leases to core deposits
108.31%Equity capital to assets
13.50%Core capital (leverage) ratio
13.63%Tier 1 risk-based capital ratio
27.34%Total risk-based capital ratio
Memoranda
$28Average assets
$106,852Average earning assets
$14,256Average equity
$102,652Average loans
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