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

This bank is inactive as of November 15, 1993

  • Citizens Savings Bank, SSB in Lenoir, North Carolina (NC)
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Citizens Savings Bank, SSB - Overview

  • General
  • FDIC Certificate #: 32343
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: CCB Savings Bank of Lenoir, Inc., SSB (#32345)
    Federal Reserve ID: 259974
    Date Established: April 04, 1888
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 8165
    FDIC's unique #: 45177
    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: June 26, 1985
    Last Structure Change Effective Date: November 15, 1993
    Last Structure Change Process Date: December 14, 1993
    Last Data Update: December 14, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 110 Mulberry Street, Southwest, Lenoir, NC 28645
    County: Caldwell
    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): Hickory-Morganton-Lenoir, NC (#3290)
    Core Based Statistical Area (CBSA): Hickory-Lenoir-Morganton, NC (#25860)
    CBSA Metro Statistical Area: Hickory-Lenoir-Morganton, NC (#25860)
  • Financial Summary
  • Total assets: $136.7 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $22Total assets
  • $132,264Cash and due from depository institutions
  • $6,703Interest-bearing balances
  • $0Securities
  • $14,000Federal funds sold & reverse repurchase agreements
  • $5,000Net loans & leases
  • $102,803Loan loss allowance
  • $345Trading account assets
  • $0Bank premises and fixed assets
  • $1,096Other real estate owned
  • $38Goodwill and other intangibles
  • $2,624Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $132,264Total liabilities
  • $115,360Total deposits
  • $114,425Interest-bearing deposits
  • $114,256Deposits held in domestic offices
  • 114425.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $935Total equity capital
  • $935Total bank equity capital
  • $16,904Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $16,904Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,504Income earned, not collected on loans
  • $462Earning assets
  • $121,803Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $130,044Average Assets, quarterly
  • $131,244Volatile liabilities
  • $23,884Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $561Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $16,904Total risk weighted assets
  • $65,095Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $10,727Total interest expense
  • $6,203Net interest income
  • $4,524Provision for loan and lease losses
  • $144Total noninterest income
  • $306Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $306Total noninterest expense
  • $2,156Salaries and employee benefits
  • $947Premises and equipment expense
  • $246Additional noninterest expense
  • $961Pre-tax net operating income
  • $2,530Securities gains (losses)
  • $0Applicable income taxes
  • $1,042Income before extraordinary items
  • $1,487Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,487Net charge-offs
  • $110Cash 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
  • 8.74%Cost of funding earning assets
  • 5.05%Net interest margin
  • 3.69%Noninterest income to earning assets
  • 0.25%Noninterest expense to earning assets
  • 1.76%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.14%Pretax return on assets
  • 1.94%Return on equity (ROE)
  • 9.20%Retained earnings to average equity (YTD only)
  • 9.20%Net charge-offs to loans
  • 0.11%Credit loss provision to net charge-offs
  • 130.91%Efficiency ratio
  • 44,638Assets per employee
  • 6.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.33%Loss allowance to noncurrent loans
  • 22.94%Noncurrent assets plus other real estate owned to assets
  • 1.17%Noncurrent loans to loans
  • 1.46%Net loans and leases to deposits
  • 89.84%Net loans and leases to core deposits
  • 113.54%Equity capital to assets
  • 12.78%Core capital (leverage) ratio
  • 12.78%Tier 1 risk-based capital ratio
  • 25.97%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $130,044Average earning assets
  • $16,166Average equity
  • $122,713Average loans

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