Taylorsville Savings Bank, SSB in Taylorsville, North Carolina (NC)



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Taylorsville Savings Bank, SSB routing number info

Table of contents:
Taylorsville Savings Bank, SSB
GeneralFDIC Certificate #: 32348
Status: Active
Federal Reserve ID: 258379
Date Established: April 01, 1921
WWW: http://www.taylorsvillesavings.com
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 8170
FDIC's unique #: 45182
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: June 26, 1985
Last Structure Change Effective Date: December 12, 2008
Last Structure Change Process Date: December 16, 2008
Last Data Update: December 16, 2008
Data Source Date: April 05, 2012
LocationAddress: 107 Main Avenue Dr, Taylorsville, NC 28681
County: Alexander
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)
History of ChangesChange in Location
Financial SummaryTotal assets: $89.9 mil
Equity capital: $7.2 mil
Deposits held in domestic offices: $80.2 mil
Return on assets (ROA): -1.07% (-$1.0 mil)
Quarterly return on assets: 0.29% ($0.3 mil)
Return on Equity (ROE): -12.67% (-$0.9 mil)
Quarterly return on equity: 3.59% ($0.3 mil)
Net income: -$1.0 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.24% ($215.7 mil)
Quarterly Pretax return on assets: 0.30% ($269.6 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)
Total employees (full-time equivalent)30
Total assets$89,876
Cash and due from depository institutions$7,136
Interest-bearing balances$5,342
Securities$16,300
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$60,404
Loan loss allowance $983
Trading account assets$0
Bank premises and fixed assets$717
Other real estate owned$311
Goodwill and other intangibles$0
All other assets$5,008
Life insurance assets$89,876
Total liabilities and capital$82,653
Total liabilities$80,162
Total deposits$76,123
Interest-bearing deposits$80,162
Deposits held in domestic offices$99
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,491
All other liabilities $7,223
Total equity capital$7,223
Total bank equity capital$7,223
Perpetual preferred stock$0
Common stock$0
Surplus$0
Undivided profits $7,223
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,444
Earning assets $0
Long-term assets (5+ years) $313
Average Assets, year-to-date $82,046
Average Assets, quarterly $54,543
Volatile liabilities $90,002
Insider loans $90,403
FHLB advances $55,871
Loans and leases held for sale $90,426
Unused loan commitments $4,031
Tier 1 (core) risk-based capital $4,031
Tier 2 risk-based capital $7,482
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,288
Derivatives$928
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,813
Total interest expense $1,128
Net interest income $2,685
Provision for loan and lease losses $0
Total noninterest income $483
Fiduciary activities $0
Service charges on deposit accounts $238
Trading account gains & fees $0
Additional noninterest income $245
Total noninterest expense $2,988
Salaries and employee benefits $1,409
Premises and equipment expense $333
Additional noninterest expense $1,246
Pre-tax net operating income $180
Securities gains (losses) $35
Applicable income taxes $1,182
Income before extraordinary items -$967
Extraordinary gains - net $0
Net income attributable to bank -$967
Net charge-offs $0
Cash dividends -$967
Sale, conversion, retirement of capital stock, net $101
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.70%
Cost of funding earning assets 1.39%
Net interest margin 3.31%
Noninterest income to earning assets 0.60%
Noninterest expense to earning assets 3.69%
Net operating income to assets -1.10%
Return on assets (ROA) -1.07%
Pretax return on assets 0.24%
Return on equity (ROE) -12.67%
Retained earnings to average equity (YTD only) -12.67%
Net charge-offs to loans 0.16%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio1.78%
Assets per employee$94,318
Cash dividends to net income (YTD only)3.00%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.60%
Noncurrent assets plus other real estate owned to assets 40.22%
Noncurrent loans to loans 3.07%
Net loans and leases to deposits3.98%
Net loans and leases to core deposits 75.35%
Equity capital to assets 78.29%
Core capital (leverage) ratio 8.04%
Tier 1 risk-based capital ratio 8.27%
Total risk-based capital ratio 13.39%
Memoranda
Average assets$15
Average earning assets$90,002
Average equity $7,634
Average loans $81,048
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3 North Carolina Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
045182Taylorsville Savings Bank, Ssb107 Main Avenue Dr, Taylorsville, NC 28681April 01, 1921Full Service Brick and Mortar
1287813Bethlehem Branch9645 Hwy 127 N, Hickory, NC 28601June 30, 1986Full Service Brick and Mortar
3287815Hiddenite Branch4708 Nc Hwy 90e, Hiddenite, NC 28636June 30, 1988Full Service Brick and Mortar
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