Home Federal Savings Bank of Eastern North Carolina in Greenville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 13, 1993

Home Federal Savings Bank of Eastern North Carolina in Greenville, North Carolina (NC)
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Home Federal Savings Bank of Eastern North Carolina - Overview

General
FDIC Certificate #: 28029
Status: Inactive
Closing history: Corrections
Acquiring institution: United Carolina Bank (#2026)
Federal Reserve ID: 734770
Date Established: January 01, 1906
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 767
FDIC's unique #: 40863
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: September 22, 1948
Last Structure Change Effective Date: November 13, 1993
Last Structure Change Process Date: November 29, 1993
Last Data Update: November 29, 1993
Data Source Date: April 05, 2012
Location
Address: 543 Evans Street, Greenville, NC 27834
County: Pitt
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): Greenville, NC (#3150)
Core Based Statistical Area (CBSA): Greenville, NC (#24780)
CBSA Metro Statistical Area: Greenville, NC (#24780)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $121.3 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$52Total assets
$125,917Cash and due from depository institutions
$2,286Interest-bearing balances
$0Securities
$8,516Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$110,007Loan loss allowance
$300Trading account assets
$0Bank premises and fixed assets
$3,122Other real estate owned
$135Goodwill and other intangibles
$1,851Life insurance assets
$0All other assets
$0Total liabilities and capital
$125,917Total liabilities
$114,226Total deposits
$107,937Interest-bearing deposits
$105,902Deposits held in domestic offices
107937.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$5,584Subordinated debt
$0All other liabilities
$705Total equity capital
$705Total bank equity capital
$11,691Perpetual preferred stock
$0Common stock
$486Surplus
$3,938Undivided profits
Memoranda
$7,267Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$343Income earned, not collected on loans
$695Earning assets
$118,523Long-term assets (5+ years)
$0Average Assets, year-to-date
$117,667Average Assets, quarterly
$124,021Volatile liabilities
$18,782Insider loans
$0FHLB advances
$5,535Loans and leases held for sale
$0Unused loan commitments
$7,994Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$11,691Total risk weighted assets
$76,629Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$9,630Total interest expense
$5,277Net interest income
$4,353Provision for loan and lease losses
$138Total noninterest income
$883Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$883Total noninterest expense
$3,507Salaries and employee benefits
$1,936Premises and equipment expense
$793Additional noninterest expense
$778Pre-tax net operating income
$1,591Securities gains (losses)
$563Applicable income taxes
$844Income before extraordinary items
$1,310Extraordinary gains - net
$0Net income attributable to bank
$1,310Net charge-offs
$3Cash dividends
$243Sale, 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
8.66%Cost of funding earning assets
4.75%Net interest margin
3.91%Noninterest income to earning assets
0.79%Noninterest expense to earning assets
3.15%Net operating income to assets
0.81%Return on assets (ROA)
1.11%Pretax return on assets
1.83%Return on equity (ROE)
11.83%Retained earnings to average equity (YTD only)
9.63%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
4600.00%Efficiency ratio
66,979Assets per employee
2.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
18.55%Loss allowance to loans
0.27%Loss allowance to noncurrent loans
87.46%Noncurrent assets plus other real estate owned to assets
0.38%Noncurrent loans to loans
0.31%Net loans and leases to deposits
101.92%Net loans and leases to core deposits
116.12%Equity capital to assets
9.28%Core capital (leverage) ratio
9.29%Tier 1 risk-based capital ratio
15.26%Total risk-based capital ratio
Memoranda
$15Average assets
$117,667Average earning assets
$11,077Average equity
$111,212Average loans

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