Brevard Federal Savings and Loan Association in Brevard, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 16, 1993

Brevard Federal Savings and Loan Association in Brevard, North Carolina (NC)
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Brevard Federal Savings and Loan Association - Overview

General
FDIC Certificate #: 29996
Status: Inactive
Closing history: Corrections
Acquiring institution: RBC Bank (USA) (#33184)
Federal Reserve ID: 974370
Date Established: May 23, 1938
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 4508
FDIC's unique #: 42830
Numeric code: 38
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: May 23, 1938
Last Structure Change Effective Date: April 16, 1993
Last Structure Change Process Date: May 06, 1993
Last Data Update: August 24, 1994
Data Source Date: April 05, 2012
Location
Address: 132 South Caldwell Street, Brevard, NC 28712
County: Transylvania
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
Combined Statistical Area (CSA): Asheville-Brevard, NC (#120)
Core Based Statistical Area (CBSA): Brevard, NC (#14820)
CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $130.9 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$50Total assets
$129,464Cash and due from depository institutions
$3,532Interest-bearing balances
$1,579Securities
$19,033Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$96,871Loan loss allowance
$775Trading account assets
$0Bank premises and fixed assets
$1,981Other real estate owned
$2,527Goodwill and other intangibles
$2,476Life insurance assets
$3,044All other assets
$0Total liabilities and capital
$129,464Total liabilities
$121,044Total deposits
$119,605Interest-bearing deposits
$116,951Deposits held in domestic offices
119605.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,000Subordinated debt
$0All other liabilities
$439Total equity capital
$439Total bank equity capital
$8,420Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$8,420Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,577Income earned, not collected on loans
$694Earning assets
$117,483Long-term assets (5+ years)
$0Average Assets, year-to-date
$129,657Average Assets, quarterly
$129,252Volatile liabilities
$24,912Insider loans
$0FHLB advances
$1,000Loans and leases held for sale
$0Unused loan commitments
$1,997Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,620Total risk weighted assets
$69,858Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$10,135Total interest expense
$5,920Net interest income
$4,215Provision for loan and lease losses
$0Total noninterest income
$984Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$984Total noninterest expense
$4,607Salaries and employee benefits
$1,310Premises and equipment expense
$622Additional noninterest expense
$2,674Pre-tax net operating income
$592Securities gains (losses)
$0Applicable income taxes
$619Income before extraordinary items
-$27Extraordinary gains - net
$0Net income attributable to bank
-$27Net charge-offs
$1,280Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.64%Cost of funding earning assets
5.05%Net interest margin
3.60%Noninterest income to earning assets
0.84%Noninterest expense to earning assets
3.93%Net operating income to assets
-0.02%Return on assets (ROA)
-0.02%Pretax return on assets
0.46%Return on equity (ROE)
-0.32%Retained earnings to average equity (YTD only)
-0.32%Net charge-offs to loans
1.31%Credit loss provision to net charge-offs
0.00%Efficiency ratio
84,382Assets per employee
2.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.79%Loss allowance to noncurrent loans
30.07%Noncurrent assets plus other real estate owned to assets
3.94%Noncurrent loans to loans
2.64%Net loans and leases to deposits
80.99%Net loans and leases to core deposits
101.23%Equity capital to assets
6.50%Core capital (leverage) ratio
5.24%Tier 1 risk-based capital ratio
9.48%Total risk-based capital ratio
Memoranda
$10Average assets
$129,657Average earning assets
$8,376Average equity
$117,240Average loans

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