FDIC Certificate #: 27897 Status: Active Federal Reserve ID: 444677 Date Established: April 04, 1923 Trust Powers Granted: No Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 507 FDIC's unique #: 40731 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: July 10, 1985 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: 200 E State Street, Black Mountain, NC 28711 County: Buncombe 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): Asheville, NC (#480) Combined Statistical Area (CSA): Asheville-Brevard, NC (#120) Core Based Statistical Area (CBSA): Asheville, NC (#11700) CBSA Metro Statistical Area: Asheville, NC (#11700)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $36.0 mil Equity capital: $4.2 mil Deposits held in domestic offices: $31.4 mil Return on assets (ROA): 0.70% ($0.3 mil) Quarterly return on assets: 0.84% ($0.3 mil) Return on Equity (ROE): 6.21% ($0.2 mil) Quarterly return on equity: 7.36% ($0.3 mil) Net income: $0.3 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.13% ($406.8 mil) Quarterly Pretax return on assets: 1.34% ($482.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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)
$36,003Total assets
$8,921Cash and due from depository institutions
$8,632Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$26,724Net loans & leases
$45Loan loss allowance
$0Trading account assets
$126Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$36,003Life insurance assets
$232All other assets
$31,836Total liabilities and capital
$31,434Total liabilities
$31,434Total deposits
$31,434Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$402Subordinated debt
$4,167All other liabilities
$4,167Total equity capital
$4,167Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$4,167Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$7Income earned, not collected on loans
$0Earning assets
$5Long-term assets (5+ years)
$35,356Average Assets, year-to-date
$22,598Average Assets, quarterly
$35,688Volatile liabilities
$36,034Insider loans
$15,143FHLB advances
$36,240Loans and leases held for sale
$52Unused loan commitments
$52Tier 1 (core) risk-based capital
$4,167Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$355Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,693Total interest income
$383Total interest expense
$1,310Net interest income
$15Provision for loan and lease losses
$8Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$8Additional noninterest income
$898Total noninterest expense
$603Salaries and employee benefits
$53Premises and equipment expense
$242Additional noninterest expense
$405Pre-tax net operating income
$0Securities gains (losses)
$154Applicable income taxes
$251Income before extraordinary items
$0Extraordinary gains - net
$251Net income attributable to bank
$0Net charge-offs
$251Cash 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)
4.84%Yield on earning assets
1.10%Cost of funding earning assets
3.75%Net interest margin
0.02%Noninterest income to earning assets
2.57%Noninterest expense to earning assets
0.70%Net operating income to assets
0.70%Return on assets (ROA)
1.13%Pretax return on assets
6.21%Return on equity (ROE)
6.21%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
68,134Assets per employee
6.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.17%Loss allowance to noncurrent loans
642.86%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.03%Net loans and leases to deposits
85.02%Net loans and leases to core deposits
85.02%Equity capital to assets
11.57%Core capital (leverage) ratio
11.50%Tier 1 risk-based capital ratio
27.52%Total risk-based capital ratio
Memoranda
$28Average assets
$35,688Average earning assets
$4,042Average equity
$34,970Average loans
List of branches
1 North Carolina Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
40731
Black Mountain Savings Bank, Ssb
200 E State Street, Black Mountain, NC 28711
April 04, 1923
Full Service Brick and Mortar
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