Cherryville Federal Savings and Loan Association - Overview
General
FDIC Certificate #: 31015 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:HomeTrust Bank (#27677) Federal Reserve ID: 784579 Date Established: January 01, 1912 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 6258 FDIC's unique #: 43849 Numeric code: 38 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: September 19, 1958 Last Structure Change Effective Date: October 01, 2010 Last Structure Change Process Date: October 06, 2010 Last Data Update: October 06, 2010 Data Source Date: April 05, 2012
Location
Address: 100 West Main Street, Cherryville, NC 28021 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)
Financial Summary
Total assets: $104.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
13Total employees (full-time equivalent)
$98,182Total assets
$1,833Cash and due from depository institutions
$1,474Interest-bearing balances
$31,053Securities
$1,300Federal funds sold & reverse repurchase agreements
$59,036Net loans & leases
$482Loan loss allowance
$0Trading account assets
$167Bank premises and fixed assets
$65Other real estate owned
$0Goodwill and other intangibles
$2,540Life insurance assets
$4,728All other assets
$98,182Total liabilities and capital
$84,069Total liabilities
$79,981Total deposits
$78,974Interest-bearing deposits
$79,981Deposits held in domestic offices
99.71%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,971Other borrowed funds
$0Subordinated debt
$1,117All other liabilities
$14,113Total equity capital
$14,113Total bank equity capital
$14,113Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$14,113Noncurrent loans and leases
$6,375Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,392Earning assets
$0Long-term assets (5+ years)
$481Average Assets, year-to-date
$92,863Average Assets, quarterly
$0Volatile liabilities
$93,473Insider loans
$97,097FHLB advances
$25,859Loans and leases held for sale
$423Unused loan commitments
$2,971Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,175Total unused commitments
$490Restructured Loans and leases
$482Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$4,892Total interest income
$2,285Total interest expense
$2,607Net interest income
$110Provision for loan and lease losses
$160Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$160Additional noninterest income
$1,575Total noninterest expense
$1,044Salaries and employee benefits
$261Premises and equipment expense
$270Additional noninterest expense
$1,082Pre-tax net operating income
$64Securities gains (losses)
$428Applicable income taxes
$718Income before extraordinary items
$0Extraordinary gains - net
$718Net income attributable to bank
$0Net charge-offs
$718Cash dividends
$49Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.57%Yield on earning assets
2.60%Cost of funding earning assets
2.97%Net interest margin
0.18%Noninterest income to earning assets
1.79%Noninterest expense to earning assets
0.72%Net operating income to assets
0.77%Return on assets (ROA)
1.23%Pretax return on assets
5.14%Return on equity (ROE)
5.14%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
224.49%Credit loss provision to net charge-offs
24.33%Efficiency ratio
56,921Assets per employee
7.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.81%Loss allowance to noncurrent loans
34.63%Noncurrent assets plus other real estate owned to assets
1.48%Noncurrent loans to loans
2.34%Net loans and leases to deposits
73.81%Net loans and leases to core deposits
103.40%Equity capital to assets
14.37%Core capital (leverage) ratio
14.54%Tier 1 risk-based capital ratio
28.21%Total risk-based capital ratio
Memoranda
$29Average assets
$93,473Average earning assets
$13,977Average equity
$87,836Average loans
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