First Savings Bank of Moore County, Inc., SSB - Overview
General
FDIC Certificate #: 28074 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Bank (#15019) Federal Reserve ID: 928373 Date Established: January 01, 1922 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 6 (Interstate: No) OTS Docket #: 848 FDIC's unique #: 40908 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 01, 1953 Last Structure Change Effective Date: November 17, 2000 Last Structure Change Process Date: Febuary 01, 2001 Last Data Update: Febuary 01, 2001 Data Source Date: April 05, 2012
Location
Address: 205 Southeast Broad Street, Southern Pines, NC 28387 County: Moore 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): Southern Pines-Pinehurst, NC (#43860) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $309.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
48Total employees (full-time equivalent)
$329,453Total assets
$7,775Cash and due from depository institutions
$298Interest-bearing balances
$93,834Securities
$0Federal funds sold & reverse repurchase agreements
$223,481Net loans & leases
$596Loan loss allowance
$0Trading account assets
$2,286Bank premises and fixed assets
$72Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,005All other assets
$329,453Total liabilities and capital
$268,164Total liabilities
$233,990Total deposits
$228,801Interest-bearing deposits
$233,990Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$32,500Other borrowed funds
$0Subordinated debt
$1,674All other liabilities
$61,289Total equity capital
$61,289Total bank equity capital
$61,289Perpetual preferred stock
$0Common stock
$36,933Surplus
$0Undivided profits
Memoranda
$24,356Noncurrent loans and leases
$37,866Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$834Earning assets
$0Long-term assets (5+ years)
$660Average Assets, year-to-date
$317,613Average Assets, quarterly
$139,748Volatile liabilities
$307,577Insider loans
$326,413FHLB advances
$54,235Loans and leases held for sale
$268Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$37,866Total unused commitments
$0Restructured Loans and leases
$596Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$22,246Total interest income
$10,711Total interest expense
$11,535Net interest income
$0Provision for loan and lease losses
$667Total noninterest income
$0Fiduciary activities
$158Service charges on deposit accounts
$0Trading account gains & fees
$509Additional noninterest income
$3,895Total noninterest expense
$2,071Salaries and employee benefits
$899Premises and equipment expense
$925Additional noninterest expense
$8,307Pre-tax net operating income
$0Securities gains (losses)
$3,023Applicable income taxes
$5,284Income before extraordinary items
$0Extraordinary gains - net
$5,284Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.45%Yield on earning assets
3.59%Cost of funding earning assets
3.86%Net interest margin
0.22%Noninterest income to earning assets
1.30%Noninterest expense to earning assets
1.72%Net operating income to assets
1.72%Return on assets (ROA)
2.70%Pretax return on assets
8.91%Return on equity (ROE)
8.91%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
31,921Assets per employee
6.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.27%Loss allowance to noncurrent loans
71.46%Noncurrent assets plus other real estate owned to assets
0.28%Noncurrent loans to loans
0.37%Net loans and leases to deposits
95.51%Net loans and leases to core deposits
113.30%Equity capital to assets
18.60%Core capital (leverage) ratio
19.12%Tier 1 risk-based capital ratio
36.62%Total risk-based capital ratio
Memoranda
$37Average assets
$307,577Average earning assets
$59,336Average equity
$298,481Average loans
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