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


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

  • General
  • FDIC Certificate #: 29061
    Status: Active
    Federal Reserve ID: 800479
    Date Established: January 01, 1906
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 2844
    FDIC's unique #: 41895
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: May 27, 1949
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 501 Main Street, Tarboro, NC 27886
    County: Edgecombe
    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
    Metropolitan Statistical Area (MSA): Rocky Mount, NC (#6895)
    Core Based Statistical Area (CBSA): Rocky Mount, NC (#40580)
    CBSA Metro Statistical Area: Rocky Mount, NC (#40580)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $39.8 mil
    Equity capital: $5.2 mil
    Deposits held in domestic offices: $34.6 mil
    Return on assets (ROA): 0.57% ($0.2 mil)
    Quarterly return on assets: 0.56% ($0.2 mil)
    Return on Equity (ROE): 4.28% ($0.2 mil)
    Quarterly return on equity: 4.27% ($0.2 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.87% ($346.7 mil)
    Quarterly Pretax return on assets: 0.76% ($302.9 mil)

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

2000 - 2011 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, 2011)

  • Dollar figures in thousands
  • 6Total employees (full-time equivalent)
  • $39,849Total assets
  • $10,845Cash and due from depository institutions
  • $10,460Interest-bearing balances
  • $3Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $28,455Net loans & leases
  • $70Loan loss allowance
  • $0Trading account assets
  • $266Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $39,849Life insurance assets
  • $280All other assets
  • $34,665Total liabilities and capital
  • $34,594Total liabilities
  • $34,594Total deposits
  • $34,594Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $71Subordinated debt
  • $5,184All other liabilities
  • $5,184Total equity capital
  • $5,184Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $5,184Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $93Income earned, not collected on loans
  • $0Earning assets
  • $115Long-term assets (5+ years)
  • $38,918Average Assets, year-to-date
  • $19,702Average Assets, quarterly
  • $38,235Volatile liabilities
  • $39,548Insider loans
  • $18,901FHLB advances
  • $40,086Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,184Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,580Restructured Loans and leases
  • $348Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,533Total interest income
  • $489Total interest expense
  • $1,044Net interest income
  • -$17Provision for loan and lease losses
  • $9Total noninterest income
  • $0Fiduciary activities
  • $4Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5Additional noninterest income
  • $738Total noninterest expense
  • $355Salaries and employee benefits
  • $80Premises and equipment expense
  • $303Additional noninterest expense
  • $332Pre-tax net operating income
  • $0Securities gains (losses)
  • $115Applicable income taxes
  • $217Income before extraordinary items
  • $0Extraordinary gains - net
  • $217Net income attributable to bank
  • $0Net charge-offs
  • $217Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.10%Yield on earning assets
  • 1.31%Cost of funding earning assets
  • 2.79%Net interest margin
  • 0.02%Noninterest income to earning assets
  • 1.97%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.57%Return on assets (ROA)
  • 0.87%Pretax return on assets
  • 4.28%Return on equity (ROE)
  • 4.28%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
  • 70,085Assets per employee
  • 6.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.25%Loss allowance to noncurrent loans
  • 75.27%Noncurrent assets plus other real estate owned to assets
  • 0.23%Noncurrent loans to loans
  • 0.33%Net loans and leases to deposits
  • 82.25%Net loans and leases to core deposits
  • 87.81%Equity capital to assets
  • 13.01%Core capital (leverage) ratio
  • 12.93%Tier 1 risk-based capital ratio
  • 27.43%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $38,235Average earning assets
  • $5,075Average equity
  • $37,380Average loans

List of branches

  • 1 North Carolina Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041895Tarboro Savings Bank, Ssb501 Main Street, Tarboro, NC 27886January 01, 1906Full Service Brick and Mortar

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