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

This bank is inactive as of September 09, 1994

  • Citizens Savings Bank, SSB in Mooresville, North Carolina (NC)
  • Show street view No street view available for this location

Citizens Savings Bank, SSB - Overview

  • General
  • FDIC Certificate #: 30098
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company (#9846)
    Federal Reserve ID: 804271
    Date Established: January 01, 1922
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 4740
    FDIC's unique #: 42932
    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: September 18, 1947
    Last Structure Change Effective Date: September 09, 1994
    Last Structure Change Process Date: October 19, 1994
    Last Data Update: October 19, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 149 East Iredell Avenue, Mooresville, NC 28115
    County: Iredell
    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): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Statesville-Mooresville, NC (#44380)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $61.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $20Total assets
  • $63,588Cash and due from depository institutions
  • $6,264Interest-bearing balances
  • $5,540Securities
  • $4,195Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $52,375Loan loss allowance
  • $154Trading account assets
  • $0Bank premises and fixed assets
  • $0Other real estate owned
  • $77Goodwill and other intangibles
  • $677Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $63,588Total liabilities
  • $56,688Total deposits
  • $50,060Interest-bearing deposits
  • $49,582Deposits held in domestic offices
  • 50060.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,500Subordinated debt
  • $0All other liabilities
  • $4,128Total equity capital
  • $4,128Total bank equity capital
  • $6,900Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $6,899Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,493Income earned, not collected on loans
  • $38Earning assets
  • $62,110Long-term assets (5+ years)
  • $3,513Average Assets, year-to-date
  • $61,805Average Assets, quarterly
  • $61,998Volatile liabilities
  • $5,505Insider loans
  • $51FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,201Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,900Total risk weighted assets
  • $32,702Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,693Total interest expense
  • $2,334Net interest income
  • $2,359Provision for loan and lease losses
  • $67Total noninterest income
  • $86Fiduciary activities
  • $0Service charges on deposit accounts
  • $49Trading account gains & fees
  • $0Additional noninterest income
  • $37Total noninterest expense
  • $2,097Salaries and employee benefits
  • $570Premises and equipment expense
  • $164Additional noninterest expense
  • $1,363Pre-tax net operating income
  • $281Securities gains (losses)
  • $0Applicable income taxes
  • $297Income before extraordinary items
  • -$16Extraordinary gains - net
  • $0Net income attributable to bank
  • -$16Net charge-offs
  • $153Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $6,559Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.81%Cost of funding earning assets
  • 3.88%Net interest margin
  • 3.92%Noninterest income to earning assets
  • 0.14%Noninterest expense to earning assets
  • 3.49%Net operating income to assets
  • -0.03%Return on assets (ROA)
  • -0.03%Pretax return on assets
  • 0.45%Return on equity (ROE)
  • -0.31%Retained earnings to average equity (YTD only)
  • -0.31%Net charge-offs to loans
  • 0.29%Credit loss provision to net charge-offs
  • 43.79%Efficiency ratio
  • 85,767Assets per employee
  • 3.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.29%Loss allowance to noncurrent loans
  • 6.18%Noncurrent assets plus other real estate owned to assets
  • 4.04%Noncurrent loans to loans
  • 4.75%Net loans and leases to deposits
  • 104.62%Net loans and leases to core deposits
  • 111.31%Equity capital to assets
  • 10.85%Core capital (leverage) ratio
  • 11.25%Tier 1 risk-based capital ratio
  • 21.10%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $61,805Average earning assets
  • $5,183Average equity
  • $60,104Average loans

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