First Financial Savings Bank, Inc. in city_name, state_name

First Financial Savings Bank, Inc. in Kinston, North Carolina (NC)
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First Financial Savings Bank, Inc. - Overview

General
FDIC Certificate #: 32354
Status: Inactive
Closing history: Corrections
Acquiring institution: Branch Banking and Trust Company (#9846)
Federal Reserve ID: 596679
Date Established: April 04, 1912
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 8176
FDIC's unique #: 45188
Numeric code: 35
Regulator: OTS
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: July 03, 1985
Last Structure Change Effective Date: March 27, 1993
Last Structure Change Process Date: April 05, 1993
Last Data Update: April 05, 1993
Data Source Date: April 05, 2012
Location
Address: 612 N Queen Street, Kinston, NC 28501
County: Lenoir
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
Core Based Statistical Area (CBSA): Kinston, NC (#28820)
CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $334.7 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$148Total assets
$334,719Cash and due from depository institutions
$34,851Interest-bearing balances
$26,623Securities
$32,599Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$250,014Loan loss allowance
$3,134Trading account assets
$0Bank premises and fixed assets
$2,600Other real estate owned
$329Goodwill and other intangibles
$13,493Life insurance assets
$833All other assets
$0Total liabilities and capital
$334,719Total liabilities
$315,218Total deposits
$295,996Interest-bearing deposits
$285,024Deposits held in domestic offices
295996.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$17,637Subordinated debt
$0All other liabilities
$1,585Total equity capital
$1,585Total bank equity capital
$19,501Perpetual preferred stock
$0Common stock
$713Surplus
$7,798Undivided profits
Memoranda
$10,990Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,284Income earned, not collected on loans
$1,487Earning assets
$309,236Long-term assets (5+ years)
$0Average Assets, year-to-date
$336,223Average Assets, quarterly
$333,890Volatile liabilities
$56,634Insider loans
$0FHLB advances
$16,000Loans and leases held for sale
$0Unused loan commitments
$23,913Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$19,246Total risk weighted assets
$194,983Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$27,502Total interest expense
$15,808Net interest income
$11,694Provision for loan and lease losses
$750Total noninterest income
$2,532Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$2,532Total noninterest expense
$8,084Salaries and employee benefits
$4,330Premises and equipment expense
$1,121Additional noninterest expense
$2,633Pre-tax net operating income
$5,392Securities gains (losses)
$1,723Applicable income taxes
$2,652Income before extraordinary items
$4,463Extraordinary gains - net
$0Net income attributable to bank
$4,463Net charge-offs
-$25Cash dividends
$490Sale, 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
8.80%Cost of funding earning assets
5.06%Net interest margin
3.74%Noninterest income to earning assets
0.81%Noninterest expense to earning assets
2.59%Net operating income to assets
1.00%Return on assets (ROA)
1.33%Pretax return on assets
2.12%Return on equity (ROE)
25.31%Retained earnings to average equity (YTD only)
22.53%Net charge-offs to loans
-0.01%Credit loss provision to net charge-offs
-3000.00%Efficiency ratio
55,982Assets per employee
2.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
10.98%Loss allowance to loans
1.24%Loss allowance to noncurrent loans
95.43%Noncurrent assets plus other real estate owned to assets
1.08%Noncurrent loans to loans
1.30%Net loans and leases to deposits
84.47%Net loans and leases to core deposits
97.28%Equity capital to assets
5.83%Core capital (leverage) ratio
5.78%Tier 1 risk-based capital ratio
9.87%Total risk-based capital ratio
Memoranda
$11Average assets
$336,223Average earning assets
$17,632Average equity
$312,623Average loans

First Financial Savings Bank, Inc. in Kinston, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Financial Savings Bank, Inc. - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

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

First Financial Savings Bank, Inc. in Kinston, North Carolina (NC)Overview, Financial Summary, Detailed Financial Reports, Branches

First Financial Savings Bank, Inc. - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

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

First Financial Savings Bank, Inc. in Kinston, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches