Century South Bank of the Carolinas in Waynesville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 09, 2001

  • Century South Bank of the Carolinas in Waynesville, North Carolina (NC)
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Century South Bank of the Carolinas - Overview

  • General
  • FDIC Certificate #: 30327
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company (#9846)
    Federal Reserve ID: 111072
    Date Established: January 01, 1919
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 16772
    FDIC's unique #: 43161
    Numeric code: 33
    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: June 24, 1948
    Last Structure Change Effective Date: November 09, 2001
    Last Structure Change Process Date: November 21, 2001
    Last Data Update: November 21, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 505 North Main Street, Waynesville, NC 28786
    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: $146.6 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 36Total employees (full-time equivalent)
  • $158,879Total assets
  • $6,636Cash and due from depository institutions
  • $2,423Interest-bearing balances
  • $27,952Securities
  • $6,500Federal funds sold & reverse repurchase agreements
  • $102,790Net loans & leases
  • $1,374Loan loss allowance
  • $0Trading account assets
  • $4,099Bank premises and fixed assets
  • $65Other real estate owned
  • $7,785Goodwill and other intangibles
  • $0Life insurance assets
  • $3,052All other assets
  • $158,879Total liabilities and capital
  • $136,173Total liabilities
  • $107,686Total deposits
  • $107,686Interest-bearing deposits
  • $107,686Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,430Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $22,000Other borrowed funds
  • $0Subordinated debt
  • $2,057All other liabilities
  • $22,706Total equity capital
  • $22,706Total bank equity capital
  • $22,706Perpetual preferred stock
  • $0Common stock
  • $1,250Surplus
  • $9,170Undivided profits
  • Memoranda
  • $12,286Noncurrent loans and leases
  • $5,846Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $712Earning assets
  • $0Long-term assets (5+ years)
  • $631Average Assets, year-to-date
  • $139,665Average Assets, quarterly
  • $0Volatile liabilities
  • $156,511Insider loans
  • $157,941FHLB advances
  • $41,105Loans and leases held for sale
  • $366Unused loan commitments
  • $22,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,846Total unused commitments
  • $0Restructured Loans and leases
  • $904Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $11,221Total interest income
  • $6,206Total interest expense
  • $5,015Net interest income
  • $0Provision for loan and lease losses
  • $758Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $758Additional noninterest income
  • $4,343Total noninterest expense
  • $2,222Salaries and employee benefits
  • $391Premises and equipment expense
  • $1,730Additional noninterest expense
  • $1,430Pre-tax net operating income
  • $0Securities gains (losses)
  • $950Applicable income taxes
  • $480Income before extraordinary items
  • $0Extraordinary gains - net
  • $480Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$396Sale, conversion, retirement of capital stock, net
  • $6,000Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.95%Yield on earning assets
  • 4.40%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 3.08%Noninterest expense to earning assets
  • 0.31%Net operating income to assets
  • 0.31%Return on assets (ROA)
  • 0.91%Pretax return on assets
  • 2.07%Return on equity (ROE)
  • -23.78%Retained earnings to average equity (YTD only)
  • -0.36%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 69,392Assets per employee
  • 4.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 1250.00%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 192.98%Noncurrent assets plus other real estate owned to assets
  • 0.49%Noncurrent loans to loans
  • 0.68%Net loans and leases to deposits
  • 95.45%Net loans and leases to core deposits
  • 110.51%Equity capital to assets
  • 14.29%Core capital (leverage) ratio
  • 10.52%Tier 1 risk-based capital ratio
  • 22.31%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $156,511Average earning assets
  • $23,210Average equity
  • $141,099Average loans

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