Home Savings Bank of Albemarle, SSB in Albemarle, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Home Savings Bank of Albemarle, SSB in Albemarle, North Carolina (NC)
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Home Savings Bank of Albemarle, SSB routing number info

Home Savings Bank of Albemarle, SSB - Overview

  • General
  • FDIC Certificate #: 30668
    Status: Active
    Federal Reserve ID: 55176
    Bank Holding Company (Regulatory Top Holder): South Street Financial Corp. (RSSDID: 2465313, Location: Albemarle, NC)
    Date Established: January 01, 1911
    WWW: http://www.homesavingsbank.org
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 5714
    FDIC's unique #: 43502
    Numeric code: 41
    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: Febuary 08, 1954
    Last Structure Change Effective Date: September 05, 2008
    Last Structure Change Process Date: October 31, 2008
    Last Data Update: October 31, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 103 North Second Street, Albemarle, NC 28001
    County: Stanly
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Charlotte
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Albemarle, NC (#10620)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $291.9 mil
    Equity capital: $23.7 mil
    Deposits held in domestic offices: $242.4 mil
    Return on assets (ROA): 0.21% ($0.6 mil)
    Quarterly return on assets: 0.54% ($1.6 mil)
    Return on Equity (ROE): 2.71% ($0.7 mil)
    Quarterly return on equity: 6.80% ($1.6 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.35% ($1,021.8 mil)
    Quarterly Pretax return on assets: 0.89% ($2,598.3 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
  • 53Total employees (full-time equivalent)
  • $291,949Total assets
  • $28,837Cash and due from depository institutions
  • $28,003Interest-bearing balances
  • $16,167Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $213,895Net loans & leases
  • $3,562Loan loss allowance
  • $0Trading account assets
  • $9,270Bank premises and fixed assets
  • $6,209Other real estate owned
  • $13Goodwill and other intangibles
  • $291,949Life insurance assets
  • $17,558All other assets
  • $268,227Total liabilities and capital
  • $242,370Total liabilities
  • $230,556Total deposits
  • $242,370Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,100Trading liabilities
  • $0Other borrowed funds
  • $6,757Subordinated debt
  • $23,722All other liabilities
  • $23,722Total equity capital
  • $23,722Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $6,412Surplus
  • $17,310Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,642Income earned, not collected on loans
  • $0Earning assets
  • $959Long-term assets (5+ years)
  • $258,065Average Assets, year-to-date
  • $124,993Average Assets, quarterly
  • $299,671Volatile liabilities
  • $294,065Insider loans
  • $205,203FHLB advances
  • $290,782Loans and leases held for sale
  • $9,696Unused loan commitments
  • $2,273Tier 1 (core) risk-based capital
  • $24,650Tier 2 risk-based capital
  • $7,423Total risk weighted assets
  • $0Total unused commitments
  • $27,447Restructured Loans and leases
  • $12,431Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,424Total interest income
  • $3,996Total interest expense
  • $9,428Net interest income
  • $1,628Provision for loan and lease losses
  • $792Total noninterest income
  • $0Fiduciary activities
  • $343Service charges on deposit accounts
  • $0Trading account gains & fees
  • $449Additional noninterest income
  • $7,553Total noninterest expense
  • $4,179Salaries and employee benefits
  • $724Premises and equipment expense
  • $2,650Additional noninterest expense
  • $1,039Pre-tax net operating income
  • $0Securities gains (losses)
  • $401Applicable income taxes
  • $638Income before extraordinary items
  • $0Extraordinary gains - net
  • $638Net income attributable to bank
  • $0Net charge-offs
  • $638Cash dividends
  • $36Sale, conversion, retirement of capital stock, net
  • $242Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.02%Yield on earning assets
  • 1.50%Cost of funding earning assets
  • 3.53%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 2.83%Noninterest expense to earning assets
  • 0.21%Net operating income to assets
  • 0.21%Return on assets (ROA)
  • 0.35%Pretax return on assets
  • 2.71%Return on equity (ROE)
  • 1.68%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 4522.22%Credit loss provision to net charge-offs
  • 74.08%Efficiency ratio
  • 73,875Assets per employee
  • 5.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 37.93%Loss allowance to loans
  • 1.64%Loss allowance to noncurrent loans
  • 134.82%Noncurrent assets plus other real estate owned to assets
  • 3.03%Noncurrent loans to loans
  • 1.21%Net loans and leases to deposits
  • 88.25%Net loans and leases to core deposits
  • 103.08%Equity capital to assets
  • 8.13%Core capital (leverage) ratio
  • 8.48%Tier 1 risk-based capital ratio
  • 12.01%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $299,671Average earning assets
  • $23,571Average equity
  • $267,205Average loans

List of branches

  • 4 North Carolina Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    043502Home Savings Bank Of Albemarle, Ssb103 North Second Street, Albemarle, NC 28001January 01, 1911Full Service Brick and Mortar
    1281400Locust Branch102 South Street, Locust, NC 28097January 01, 1911Full Service Brick and Mortar
    2444090Oakboro Branch117 North Main Street, Oakboro, NC 28129March 10, 2005Full Service Brick and Mortar
    3481682South Street Branch155 West South Street, Albemarle, NC 28001September 05, 2008Full Service Brick and Mortar

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