Edgecomb Homestead Savings Bank, Inc., SSB in Tarboro, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 05, 1994

Edgecomb Homestead Savings Bank, Inc., SSB in Tarboro, North Carolina (NC)
Show street view No street view available for this location

Edgecomb Homestead Savings Bank, Inc., SSB - Overview

General
FDIC Certificate #: 28499
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First-Citizens Bank & Trust Company (#11063)
Federal Reserve ID: 253673
Date Established: January 01, 1889
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 1712
FDIC's unique #: 41333
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: June 28, 1985
Last Structure Change Effective Date: August 05, 1994
Last Structure Change Process Date: September 21, 1994
Last Data Update: September 21, 1994
Data Source Date: April 05, 2012
Location
Address: 422 Main Street, Tarboro, NC 27886
County: Edgecombe
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Raleigh
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Rocky Mount, NC (#6895)
Core Based Statistical Area (CBSA): Rocky Mount, NC (#40580)
CBSA Metro Statistical Area: Rocky Mount, NC (#40580)
Financial Summary
Total assets: $41.1 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$7Total assets
$39,179Cash and due from depository institutions
$2,144Interest-bearing balances
$2,053Securities
$2,360Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$34,370Loan loss allowance
$42Trading account assets
$0Bank premises and fixed assets
$158Other real estate owned
$0Goodwill and other intangibles
$147Life insurance assets
$0All other assets
$0Total liabilities and capital
$39,179Total liabilities
$32,235Total deposits
$31,389Interest-bearing deposits
$31,367Deposits held in domestic offices
31389.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$500Subordinated debt
$0All other liabilities
$346Total equity capital
$346Total bank equity capital
$6,944Perpetual preferred stock
$0Common stock
$226Surplus
$1,755Undivided profits
Memoranda
$4,963Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$416Income earned, not collected on loans
$79Earning assets
$38,783Long-term assets (5+ years)
$3,821Average Assets, year-to-date
$38,643Average Assets, quarterly
$39,047Volatile liabilities
$6,259Insider loans
$848FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,583Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,944Total risk weighted assets
$23,687Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$2,728Total interest expense
$1,302Net interest income
$1,426Provision for loan and lease losses
$17Total noninterest income
$29Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$29Total noninterest expense
$599Salaries and employee benefits
$314Premises and equipment expense
$30Additional noninterest expense
$255Pre-tax net operating income
$839Securities gains (losses)
-$10Applicable income taxes
$319Income before extraordinary items
$510Extraordinary gains - net
$0Net income attributable to bank
$510Net charge-offs
$0Cash dividends
$226Sale, conversion, retirement of capital stock, net
$7Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.15%Cost of funding earning assets
3.41%Net interest margin
3.74%Noninterest income to earning assets
0.08%Noninterest expense to earning assets
1.57%Net operating income to assets
1.34%Return on assets (ROA)
1.32%Pretax return on assets
2.15%Return on equity (ROE)
7.42%Retained earnings to average equity (YTD only)
4.13%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
41,168Assets per employee
5.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
44.31%Loss allowance to loans
0.12%Loss allowance to noncurrent loans
10.10%Noncurrent assets plus other real estate owned to assets
1.06%Noncurrent loans to loans
1.21%Net loans and leases to deposits
109.50%Net loans and leases to core deposits
134.10%Equity capital to assets
17.72%Core capital (leverage) ratio
17.76%Tier 1 risk-based capital ratio
29.32%Total risk-based capital ratio
Memoranda
$29Average assets
$38,643Average earning assets
$6,875Average equity
$38,169Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Edgecomb Homestead Savings Bank, Inc., SSB.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.