FDIC Certificate #: 31345 Status: Active Federal Reserve ID: 971379 Date Established: January 01, 1923 Trust Powers Granted: No Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 6776 FDIC's unique #: 44179 Numeric code: 42 Regulator: FDIC 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: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: May 27, 1963 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 121 North Church Street, Hertford, NC 27944 County: Perquimans 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): Elizabeth City, NC (#21020) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $15.9 mil Equity capital: $1.9 mil Deposits held in domestic offices: $14.0 mil Return on assets (ROA): 0.63% ($0.1 mil) Quarterly return on assets: -0.12% (-$0.0 mil) Return on Equity (ROE): 5.26% ($0.1 mil) Quarterly return on equity: -1.04% (-$0.0 mil) Net income: $0.1 mil Quarterly Net income: -$0.0 mil Pretax return on assets: 0.74% ($117.9 mil) Quarterly Pretax return on assets: -0.02% (-$3.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
3Total employees (full-time equivalent)
$15,933Total assets
$5,617Cash and due from depository institutions
$2,757Interest-bearing balances
$1Securities
$0Federal funds sold & reverse repurchase agreements
$10,014Net loans & leases
$42Loan loss allowance
$0Trading account assets
$81Bank premises and fixed assets
$135Other real estate owned
$0Goodwill and other intangibles
$15,933Life insurance assets
$85All other assets
$14,013Total liabilities and capital
$14,005Total liabilities
$13,430Total deposits
$14,005Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$8Subordinated debt
$1,920All other liabilities
$1,920Total equity capital
$1,920Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$1,920Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$271Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$12,772Average Assets, year-to-date
$7,196Average Assets, quarterly
$15,656Volatile liabilities
$16,009Insider loans
$7,706FHLB advances
$16,001Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$1,922Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$775Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$635Total interest income
$154Total interest expense
$481Net interest income
$12Provision for loan and lease losses
$9Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$9Additional noninterest income
$362Total noninterest expense
$156Salaries and employee benefits
$20Premises and equipment expense
$186Additional noninterest expense
$116Pre-tax net operating income
$0Securities gains (losses)
$17Applicable income taxes
$99Income before extraordinary items
$0Extraordinary gains - net
$99Net income attributable to bank
$0Net charge-offs
$99Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.77%Yield on earning assets
1.16%Cost of funding earning assets
3.61%Net interest margin
0.07%Noninterest income to earning assets
2.72%Noninterest expense to earning assets
0.63%Net operating income to assets
0.63%Return on assets (ROA)
0.74%Pretax return on assets
5.26%Return on equity (ROE)
5.26%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
73,878Assets per employee
5.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.42%Loss allowance to noncurrent loans
15.50%Noncurrent assets plus other real estate owned to assets
2.55%Noncurrent loans to loans
2.69%Net loans and leases to deposits
71.50%Net loans and leases to core deposits
71.50%Equity capital to assets
12.05%Core capital (leverage) ratio
12.01%Tier 1 risk-based capital ratio
24.94%Total risk-based capital ratio
Memoranda
$25Average assets
$15,656Average earning assets
$1,882Average equity
$13,321Average loans
List of branches
1 North Carolina Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
44179
Hertford Savings Bank, Ssb
121 North Church Street, Hertford, NC 27944
January 01, 1923
Full Service Brick and Mortar
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