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

This bank is inactive as of December 31, 1993

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

General
FDIC Certificate #: 29928
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: RBC Bank (USA) (#33184)
Federal Reserve ID: 676375
Date Established: January 01, 1909
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 4360
FDIC's unique #: 42762
Numeric code: 42
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: August 30, 1938
Last Structure Change Effective Date: December 31, 1993
Last Structure Change Process Date: January 26, 1994
Last Data Update: January 26, 1994
Data Source Date: April 05, 2012
Location
Address: 66 Academy Street, Canton, NC 28716
County: Haywood
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): Asheville, NC (#11700)
CBSA Metro Statistical Area: Asheville, NC (#11700)
Financial Summary
Total assets: $61.2 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$17Total assets
$60,961Cash and due from depository institutions
$12,656Interest-bearing balances
$11,717Securities
$4,767Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$42,417Loan loss allowance
$57Trading account assets
$0Bank premises and fixed assets
$924Other real estate owned
$44Goodwill and other intangibles
$153Life insurance assets
$0All other assets
$0Total liabilities and capital
$60,961Total liabilities
$55,287Total deposits
$54,837Interest-bearing deposits
$54,281Deposits held in domestic offices
54837.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$450Total equity capital
$450Total bank equity capital
$5,674Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$5,674Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$592Income earned, not collected on loans
$0Earning assets
$58,901Long-term assets (5+ years)
$8,438Average Assets, year-to-date
$60,385Average Assets, quarterly
$60,765Volatile liabilities
$4,472Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,437Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,674Total risk weighted assets
$27,956Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$4,303Total interest expense
$2,617Net interest income
$1,686Provision for loan and lease losses
$43Total noninterest income
$100Fiduciary activities
$0Service charges on deposit accounts
$63Trading account gains & fees
$0Additional noninterest income
$37Total noninterest expense
$1,339Salaries and employee benefits
$757Premises and equipment expense
$131Additional noninterest expense
$451Pre-tax net operating income
$404Securities gains (losses)
$0Applicable income taxes
$169Income before extraordinary items
$235Extraordinary gains - net
$0Net income attributable to bank
$235Net charge-offs
$3Cash 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
7.47%Cost of funding earning assets
4.54%Net interest margin
2.93%Noninterest income to earning assets
0.17%Noninterest expense to earning assets
2.32%Net operating income to assets
0.39%Return on assets (ROA)
0.39%Pretax return on assets
0.67%Return on equity (ROE)
4.21%Retained earnings to average equity (YTD only)
4.21%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
1433.33%Efficiency ratio
74,972Assets per employee
3.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.13%Loss allowance to noncurrent loans
9.63%Noncurrent assets plus other real estate owned to assets
1.04%Noncurrent loans to loans
1.39%Net loans and leases to deposits
77.35%Net loans and leases to core deposits
84.22%Equity capital to assets
9.31%Core capital (leverage) ratio
9.31%Tier 1 risk-based capital ratio
20.30%Total risk-based capital ratio
Memoranda
$21Average assets
$60,385Average earning assets
$5,584Average equity
$57,618Average loans

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