Belmont Federal Savings and Loan Association - Overview
General
FDIC Certificate #: 28035 Status: Active Federal Reserve ID: 919773 Date Established: January 01, 1915 WWW:http://www.belmontfederal.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 773 FDIC's unique #: 40869 Numeric code: 38 Regulator: OCC 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: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: December 04, 1940 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: August 29, 2011 Last Data Update: August 29, 2011 Data Source Date: April 05, 2012
Location
Address: 42 Catawba Street, Belmont, NC 28012 County: Gaston 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)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $103.6 mil Equity capital: $15.4 mil Deposits held in domestic offices: $87.6 mil Return on assets (ROA): 0.63% ($0.7 mil) Quarterly return on assets: 0.50% ($0.5 mil) Return on Equity (ROE): 4.01% ($0.6 mil) Quarterly return on equity: 3.26% ($0.5 mil) Net income: $0.6 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.94% ($973.6 mil) Quarterly Pretax return on assets: 0.68% ($704.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
11Total employees (full-time equivalent)
$103,572Total assets
$22,438Cash and due from depository institutions
$22,213Interest-bearing balances
$18,870Securities
$0Federal funds sold & reverse repurchase agreements
$57,276Net loans & leases
$231Loan loss allowance
$0Trading account assets
$3,789Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$103,572Life insurance assets
$1,199All other assets
$88,149Total liabilities and capital
$87,625Total liabilities
$87,346Total deposits
$87,625Interest-bearing deposits
$87Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$524Subordinated debt
$15,423All other liabilities
$15,423Total equity capital
$15,423Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$15,423Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$327Income earned, not collected on loans
$0Earning assets
$312Long-term assets (5+ years)
$98,359Average Assets, year-to-date
$0Average Assets, quarterly
$96,263Volatile liabilities
$100,159Insider loans
$43,651FHLB advances
$103,572Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$15,423Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,179Restructured Loans and leases
$597Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,978Total interest income
$956Total interest expense
$3,022Net interest income
$64Provision for loan and lease losses
$32Total noninterest income
$0Fiduciary activities
$16Service charges on deposit accounts
$0Trading account gains & fees
$16Additional noninterest income
$2,088Total noninterest expense
$1,492Salaries and employee benefits
$202Premises and equipment expense
$394Additional noninterest expense
$902Pre-tax net operating income
$0Securities gains (losses)
$295Applicable income taxes
$607Income before extraordinary items
$0Extraordinary gains - net
$607Net income attributable to bank
$0Net charge-offs
$607Cash 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)
4.33%Yield on earning assets
1.04%Cost of funding earning assets
3.29%Net interest margin
0.03%Noninterest income to earning assets
2.27%Noninterest expense to earning assets
0.63%Net operating income to assets
0.63%Return on assets (ROA)
0.94%Pretax return on assets
4.01%Return on equity (ROE)
4.01%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
68,369Assets per employee
9.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.40%Loss allowance to noncurrent loans
70.64%Noncurrent assets plus other real estate owned to assets
0.32%Noncurrent loans to loans
0.57%Net loans and leases to deposits
65.36%Net loans and leases to core deposits
82.48%Equity capital to assets
14.89%Core capital (leverage) ratio
14.89%Tier 1 risk-based capital ratio
35.33%Total risk-based capital ratio
Memoranda
$36Average assets
$96,263Average earning assets
$15,126Average equity
$91,968Average loans
List of branches
1 North Carolina Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
40869
Belmont Federal Savings And Loan Ass
42 Catawba Street, Belmont, NC 28012
January 01, 1915
Full Service Brick and Mortar
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