FDIC Certificate #: 28440 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:HomeTrust Bank (#27677) Federal Reserve ID: 531474 Date Established: January 01, 1928 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 1593 FDIC's unique #: 41274 Numeric code: 34 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: March 07, 1947 Last Structure Change Effective Date: January 31, 2010 Last Structure Change Process Date: Febuary 19, 2010 Last Data Update: Febuary 19, 2010 Data Source Date: April 05, 2012
Location
Address: 107 West Center Street, Lexington, NC 27292 County: Davidson 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 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): Thomasville-Lexington, NC (#45640) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $174.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
20Total employees (full-time equivalent)
$174,439Total assets
$24,627Cash and due from depository institutions
$2,470Interest-bearing balances
$53,148Securities
$0Federal funds sold & reverse repurchase agreements
$90,204Net loans & leases
$222Loan loss allowance
$0Trading account assets
$1,706Bank premises and fixed assets
$1,551Other real estate owned
$0Goodwill and other intangibles
$732Life insurance assets
$3,203All other assets
$174,439Total liabilities and capital
$131,930Total liabilities
$128,042Total deposits
$127,937Interest-bearing deposits
$128,042Deposits held in domestic offices
92.20%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$1,888All other liabilities
$42,509Total equity capital
$42,509Total bank equity capital
$42,509Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$42,509Noncurrent loans and leases
$4,035Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$573Earning assets
$0Long-term assets (5+ years)
$1,204Average Assets, year-to-date
$145,822Average Assets, quarterly
$0Volatile liabilities
$167,649Insider loans
$172,860FHLB advances
$50,994Loans and leases held for sale
$484Unused loan commitments
$2,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,035Total unused commitments
$1,584Restructured Loans and leases
$222Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$8,355Total interest income
$3,223Total interest expense
$5,132Net interest income
$64Provision for loan and lease losses
$44Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$44Additional noninterest income
$2,596Total noninterest expense
$1,567Salaries and employee benefits
$362Premises and equipment expense
$667Additional noninterest expense
$2,516Pre-tax net operating income
$0Securities gains (losses)
$852Applicable income taxes
$1,664Income before extraordinary items
$0Extraordinary gains - net
$1,664Net income attributable to bank
$0Net charge-offs
$1,664Cash dividends
$5Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.45%Yield on earning assets
2.10%Cost of funding earning assets
3.35%Net interest margin
0.03%Noninterest income to earning assets
1.69%Noninterest expense to earning assets
0.99%Net operating income to assets
0.99%Return on assets (ROA)
1.50%Pretax return on assets
3.99%Return on equity (ROE)
3.99%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
1280.00%Credit loss provision to net charge-offs
516.00%Efficiency ratio
50,155Assets per employee
8.72%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.25%Loss allowance to noncurrent loans
38.74%Noncurrent assets plus other real estate owned to assets
1.22%Noncurrent loans to loans
0.63%Net loans and leases to deposits
70.45%Net loans and leases to core deposits
114.11%Equity capital to assets
24.37%Core capital (leverage) ratio
24.56%Tier 1 risk-based capital ratio
61.69%Total risk-based capital ratio
Memoranda
$62Average assets
$167,649Average earning assets
$41,720Average equity
$153,399Average loans
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