American Commercial Savings Bank, Inc., SSB in Monroe, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 31, 1994

  • American Commercial Savings Bank, Inc., SSB in Monroe, North Carolina (NC)
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American Commercial Savings Bank, Inc., SSB - Overview

  • General
  • FDIC Certificate #: 31382
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Union National Bank (#4885)
    Federal Reserve ID: 345073
    Date Established: January 01, 1961
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 11 (Interstate: No)
    OTS Docket #: 6843
    FDIC's unique #: 44216
    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: June 19, 1963
    Last Structure Change Effective Date: May 31, 1994
    Last Structure Change Process Date: June 13, 1994
    Last Data Update: June 13, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 East Windsor Street, Monroe, NC 28110
    County: Union
    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): Charlotte-Gastonia-Rock Hill, NC-SC (#1520)
    Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
    CBSA Metro Statistical Area: Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
  • Financial Summary
  • Total assets: $215.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $110Total assets
  • $237,773Cash and due from depository institutions
  • $16,097Interest-bearing balances
  • $6,114Securities
  • $24,590Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $184,239Loan loss allowance
  • $2,203Trading account assets
  • $0Bank premises and fixed assets
  • $7,514Other real estate owned
  • $636Goodwill and other intangibles
  • $4,014Life insurance assets
  • $683All other assets
  • $0Total liabilities and capital
  • $237,773Total liabilities
  • $221,529Total deposits
  • $212,758Interest-bearing deposits
  • $194,110Deposits held in domestic offices
  • 212758.00%% insured (estimated)
  • $91Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $7,425Subordinated debt
  • $0All other liabilities
  • $1,346Total equity capital
  • $1,346Total bank equity capital
  • $16,244Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $8,374Undivided profits
  • Memoranda
  • $7,869Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,838Income earned, not collected on loans
  • $1,675Earning assets
  • $214,943Long-term assets (5+ years)
  • $35,226Average Assets, year-to-date
  • $243,877Average Assets, quarterly
  • $239,911Volatile liabilities
  • $40,654Insider loans
  • $2,326FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $9,232Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $15,561Total risk weighted assets
  • $172,103Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $19,347Total interest expense
  • $10,600Net interest income
  • $8,747Provision for loan and lease losses
  • $2,208Total noninterest income
  • $974Fiduciary activities
  • $0Service charges on deposit accounts
  • $664Trading account gains & fees
  • $0Additional noninterest income
  • $310Total noninterest expense
  • $7,140Salaries and employee benefits
  • $3,487Premises and equipment expense
  • $1,231Additional noninterest expense
  • $2,422Pre-tax net operating income
  • $373Securities gains (losses)
  • $696Applicable income taxes
  • $319Income before extraordinary items
  • $750Extraordinary gains - net
  • $0Net income attributable to bank
  • $750Net charge-offs
  • $965Cash dividends
  • $324Sale, conversion, retirement of capital stock, net
  • -$156Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.63%Cost of funding earning assets
  • 4.73%Net interest margin
  • 3.90%Noninterest income to earning assets
  • 0.43%Noninterest expense to earning assets
  • 3.19%Net operating income to assets
  • 0.11%Return on assets (ROA)
  • 0.31%Pretax return on assets
  • 0.44%Return on equity (ROE)
  • 4.62%Retained earnings to average equity (YTD only)
  • 2.63%Net charge-offs to loans
  • 0.50%Credit loss provision to net charge-offs
  • 228.81%Efficiency ratio
  • 66,423Assets per employee
  • 2.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.20%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 32.22%Noncurrent assets plus other real estate owned to assets
  • 3.14%Noncurrent loans to loans
  • 3.67%Net loans and leases to deposits
  • 86.60%Net loans and leases to core deposits
  • 103.03%Equity capital to assets
  • 6.83%Core capital (leverage) ratio
  • 6.54%Tier 1 risk-based capital ratio
  • 9.04%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $243,877Average earning assets
  • $16,221Average equity
  • $224,129Average loans

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