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

This bank is inactive as of August 22, 1994

  • Citizens Savings Bank, SSB, Inc. in Newton, North Carolina (NC)
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Citizens Savings Bank, SSB, Inc. - Overview

  • General
  • FDIC Certificate #: 30316
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company (#9846)
    Federal Reserve ID: 41870
    Date Established: January 01, 1904
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 11 (Interstate: No)
    OTS Docket #: 5154
    FDIC's unique #: 43150
    Numeric code: 41
    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: May 07, 1947
    Last Structure Change Effective Date: August 22, 1994
    Last Structure Change Process Date: September 21, 1994
    Last Data Update: September 21, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 12 North Main Avenue, Newton, NC 28658
    County: Catawba
    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: $247.1 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)
  • $116Total assets
  • $254,235Cash and due from depository institutions
  • $19,898Interest-bearing balances
  • $15,259Securities
  • $21,292Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $204,356Loan loss allowance
  • $2,067Trading account assets
  • $0Bank premises and fixed assets
  • $4,541Other real estate owned
  • $764Goodwill and other intangibles
  • $1,796Life insurance assets
  • $1,588All other assets
  • $0Total liabilities and capital
  • $254,235Total liabilities
  • $234,345Total deposits
  • $221,306Interest-bearing deposits
  • $216,042Deposits held in domestic offices
  • 221306.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $10,000Subordinated debt
  • $0All other liabilities
  • $3,039Total equity capital
  • $3,039Total bank equity capital
  • $19,890Perpetual preferred stock
  • $0Common stock
  • $1,245Surplus
  • $5,336Undivided profits
  • Memoranda
  • $13,309Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $917Income earned, not collected on loans
  • $1,194Earning assets
  • $240,907Long-term assets (5+ years)
  • $143,145Average Assets, year-to-date
  • $263,972Average Assets, quarterly
  • $258,056Volatile liabilities
  • $35,335Insider loans
  • $261FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $15,087Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $18,302Total risk weighted assets
  • $141,889Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $21,571Total interest expense
  • $9,612Net interest income
  • $11,959Provision for loan and lease losses
  • $1,661Total noninterest income
  • $1,662Fiduciary activities
  • $0Service charges on deposit accounts
  • $747Trading account gains & fees
  • $0Additional noninterest income
  • $915Total noninterest expense
  • $6,899Salaries and employee benefits
  • $3,051Premises and equipment expense
  • $1,187Additional noninterest expense
  • $2,661Pre-tax net operating income
  • $5,061Securities gains (losses)
  • $37Applicable income taxes
  • $4,504Income before extraordinary items
  • $594Extraordinary gains - net
  • $0Net income attributable to bank
  • $594Net charge-offs
  • $1Cash dividends
  • $1,841Sale, conversion, retirement of capital stock, net
  • $330Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.62%Cost of funding earning assets
  • 3.84%Net interest margin
  • 4.78%Noninterest income to earning assets
  • 0.66%Noninterest expense to earning assets
  • 2.76%Net operating income to assets
  • 0.22%Return on assets (ROA)
  • 0.23%Pretax return on assets
  • 1.93%Return on equity (ROE)
  • 2.81%Retained earnings to average equity (YTD only)
  • -5.90%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 166100.00%Efficiency ratio
  • 48,447Assets per employee
  • 2.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 309.93%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 225.41%Noncurrent assets plus other real estate owned to assets
  • 0.66%Noncurrent loans to loans
  • 0.44%Net loans and leases to deposits
  • 92.34%Net loans and leases to core deposits
  • 104.28%Equity capital to assets
  • 7.82%Core capital (leverage) ratio
  • 8.13%Tier 1 risk-based capital ratio
  • 12.90%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $263,972Average earning assets
  • $21,142Average equity
  • $250,296Average loans

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