FDIC Certificate #: 30358 Status: Active Federal Reserve ID: 141677 Date Established: January 01, 1909 WWW:http://www.firstsandl.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 5224 FDIC's unique #: 43192 Numeric code: 38 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: October 22, 1948 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 206 West Center Street, Mebane, NC 27302 County: Alamance 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): Greensboro--Winston-Salem--High Point, NC (#3120) Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268) Core Based Statistical Area (CBSA): Burlington, NC (#15500) CBSA Metro Statistical Area: Burlington, NC (#15500)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $59.7 mil Equity capital: $10.5 mil Deposits held in domestic offices: $49.0 mil Return on assets (ROA): 0.59% ($0.4 mil) Quarterly return on assets: 0.26% ($0.2 mil) Return on Equity (ROE): 3.36% ($0.4 mil) Quarterly return on equity: 1.48% ($0.2 mil) Net income: $0.3 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.84% ($501.7 mil) Quarterly Pretax return on assets: -0.03% (-$17.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2011)
Dollar figures in thousands
6Total employees (full-time equivalent)
$59,728Total assets
$2,019Cash and due from depository institutions
$1,676Interest-bearing balances
$21,504Securities
$5,049Federal funds sold & reverse repurchase agreements
$30,409Net loans & leases
$336Loan loss allowance
$0Trading account assets
$311Bank premises and fixed assets
$162Other real estate owned
$0Goodwill and other intangibles
$59,728Life insurance assets
$274All other assets
$49,180Total liabilities and capital
$49,045Total liabilities
$49,045Total deposits
$49,045Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$135Subordinated debt
$10,548All other liabilities
$10,548Total equity capital
$10,548Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$10,548Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,392Income earned, not collected on loans
$0Earning assets
$76Long-term assets (5+ years)
$58,638Average Assets, year-to-date
$0Average Assets, quarterly
$59,552Volatile liabilities
$60,457Insider loans
$22,883FHLB advances
$59,725Loans and leases held for sale
$6Unused loan commitments
$0Tier 1 (core) risk-based capital
$10,545Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$690Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,800Total interest income
$692Total interest expense
$2,108Net interest income
$293Provision for loan and lease losses
$5Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$5Additional noninterest income
$1,318Total noninterest expense
$906Salaries and employee benefits
$122Premises and equipment expense
$290Additional noninterest expense
$502Pre-tax net operating income
$0Securities gains (losses)
$152Applicable income taxes
$350Income before extraordinary items
$0Extraordinary gains - net
$350Net income attributable to bank
$0Net charge-offs
$350Cash dividends
$50Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.79%Yield on earning assets
1.18%Cost of funding earning assets
3.61%Net interest margin
0.01%Noninterest income to earning assets
2.26%Noninterest expense to earning assets
0.59%Net operating income to assets
0.59%Return on assets (ROA)
0.84%Pretax return on assets
3.36%Return on equity (ROE)
3.36%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
586.00%Credit loss provision to net charge-offs
15.90%Efficiency ratio
62,376Assets per employee
9.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.09%Loss allowance to noncurrent loans
24.14%Noncurrent assets plus other real estate owned to assets
2.60%Noncurrent loans to loans
4.53%Net loans and leases to deposits
62.00%Net loans and leases to core deposits
64.79%Equity capital to assets
17.66%Core capital (leverage) ratio
17.66%Tier 1 risk-based capital ratio
46.08%Total risk-based capital ratio
Memoranda
$47Average assets
$59,552Average earning assets
$10,414Average equity
$58,417Average loans
List of branches
1 North Carolina Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
43192
First Savings And Loan Association
206 West Center Street, Mebane, NC 27302
January 01, 1909
Full Service Brick and Mortar
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