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

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

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 30Total employees (full-time equivalent)
  • $89,876Total assets
  • $7,136Cash and due from depository institutions
  • $5,342Interest-bearing balances
  • $16,300Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $60,404Net loans & leases
  • $983Loan loss allowance
  • $0Trading account assets
  • $717Bank premises and fixed assets
  • $311Other real estate owned
  • $0Goodwill and other intangibles
  • $89,876Life insurance assets
  • $5,008All other assets
  • $82,653Total liabilities and capital
  • $80,162Total liabilities
  • $76,123Total deposits
  • $80,162Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,491Subordinated debt
  • $7,223All other liabilities
  • $7,223Total equity capital
  • $7,223Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $7,223Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,444Income earned, not collected on loans
  • $0Earning assets
  • $313Long-term assets (5+ years)
  • $82,046Average Assets, year-to-date
  • $54,543Average Assets, quarterly
  • $90,002Volatile liabilities
  • $90,403Insider loans
  • $55,871FHLB advances
  • $90,426Loans and leases held for sale
  • $4,031Unused loan commitments
  • $4,031Tier 1 (core) risk-based capital
  • $7,482Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,288Restructured Loans and leases
  • $928Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,813Total interest income
  • $1,128Total interest expense
  • $2,685Net interest income
  • $0Provision for loan and lease losses
  • $483Total noninterest income
  • $0Fiduciary activities
  • $238Service charges on deposit accounts
  • $0Trading account gains & fees
  • $245Additional noninterest income
  • $2,988Total noninterest expense
  • $1,409Salaries and employee benefits
  • $333Premises and equipment expense
  • $1,246Additional noninterest expense
  • $180Pre-tax net operating income
  • $35Securities gains (losses)
  • $1,182Applicable income taxes
  • -$967Income before extraordinary items
  • $0Extraordinary gains - net
  • -$967Net income attributable to bank
  • $0Net charge-offs
  • -$967Cash dividends
  • $101Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.70%Yield on earning assets
  • 1.39%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 3.69%Noninterest expense to earning assets
  • -1.10%Net operating income to assets
  • -1.07%Return on assets (ROA)
  • 0.24%Pretax return on assets
  • -12.67%Return on equity (ROE)
  • -12.67%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 1.78%Efficiency ratio
  • 94,318Assets per employee
  • 3.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 40.22%Noncurrent assets plus other real estate owned to assets
  • 3.07%Noncurrent loans to loans
  • 3.98%Net loans and leases to deposits
  • 75.35%Net loans and leases to core deposits
  • 78.29%Equity capital to assets
  • 8.04%Core capital (leverage) ratio
  • 8.27%Tier 1 risk-based capital ratio
  • 13.39%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $90,002Average earning assets
  • $7,634Average equity
  • $81,048Average loans

List of branches

  • 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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