Morganton Federal Savings and Loan Association - Overview
General
FDIC Certificate #: 30434 Status: Active Federal Reserve ID: 332671 Date Established: January 01, 1903 WWW:http://www.morgantonfed.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 #: 5332 FDIC's unique #: 43268 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: Commercial Lending Specialization Date of Deposit Insurance: December 28, 1959 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: 100 South King Street, Morganton, NC 28655 County: Burke 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): Hickory-Morganton-Lenoir, NC (#3290) Core Based Statistical Area (CBSA): Hickory-Lenoir-Morganton, NC (#25860) CBSA Metro Statistical Area: Hickory-Lenoir-Morganton, NC (#25860)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $84.6 mil Equity capital: $22.7 mil Deposits held in domestic offices: $56.7 mil Return on assets (ROA): -0.51% (-$0.4 mil) Quarterly return on assets: 0.61% ($0.5 mil) Return on Equity (ROE): -1.91% (-$0.4 mil) Quarterly return on equity: 2.30% ($0.5 mil) Net income: -$0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: -0.89% (-$752.7 mil) Quarterly Pretax return on assets: 0.63% ($532.8 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
10Total employees (full-time equivalent)
$84,576Total assets
$11,276Cash and due from depository institutions
$10,677Interest-bearing balances
$5,328Securities
$0Federal funds sold & reverse repurchase agreements
$54,348Net loans & leases
$1,726Loan loss allowance
$0Trading account assets
$2,988Bank premises and fixed assets
$980Other real estate owned
$0Goodwill and other intangibles
$84,576Life insurance assets
$9,656All other assets
$61,922Total liabilities and capital
$56,747Total liabilities
$55,794Total deposits
$56,747Interest-bearing deposits
$91Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$3,000Trading liabilities
$0Other borrowed funds
$2,175Subordinated debt
$22,654All other liabilities
$22,654Total equity capital
$22,654Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$22,654Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$436Income earned, not collected on loans
$0Earning assets
$313Long-term assets (5+ years)
$70,353Average Assets, year-to-date
$0Average Assets, quarterly
$86,612Volatile liabilities
$85,391Insider loans
$60,182FHLB advances
$84,927Loans and leases held for sale
$6,807Unused loan commitments
$0Tier 1 (core) risk-based capital
$23,005Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$7,909Restructured Loans and leases
$1,647Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,529Total interest income
$1,069Total interest expense
$2,460Net interest income
$1,700Provision for loan and lease losses
$378Total noninterest income
$0Fiduciary activities
$168Service charges on deposit accounts
$0Trading account gains & fees
$210Additional noninterest income
$2,080Total noninterest expense
$1,255Salaries and employee benefits
$407Premises and equipment expense
$418Additional noninterest expense
-$942Pre-tax net operating income
$167Securities gains (losses)
-$334Applicable income taxes
-$441Income before extraordinary items
$0Extraordinary gains - net
-$441Net income attributable to bank
$0Net charge-offs
-$441Cash dividends
$185Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.85%Yield on earning assets
1.47%Cost of funding earning assets
3.38%Net interest margin
0.52%Noninterest income to earning assets
2.86%Noninterest expense to earning assets
-0.63%Net operating income to assets
-0.51%Return on assets (ROA)
-0.89%Pretax return on assets
-1.91%Return on equity (ROE)
-1.91%Retained earnings to average equity (YTD only)
0.31%Net charge-offs to loans
918.92%Credit loss provision to net charge-offs
4.10%Efficiency ratio
73,291Assets per employee
8.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.08%Loss allowance to noncurrent loans
395.87%Noncurrent assets plus other real estate owned to assets
1.67%Noncurrent loans to loans
0.78%Net loans and leases to deposits
95.77%Net loans and leases to core deposits
109.19%Equity capital to assets
26.79%Core capital (leverage) ratio
27.09%Tier 1 risk-based capital ratio
38.23%Total risk-based capital ratio
Memoranda
$39Average assets
$86,612Average earning assets
$23,107Average equity
$72,821Average loans
List of branches
1 North Carolina Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
43268
Morganton Federal Savings And Loan A
100 South King Street, Morganton, NC 28655
January 01, 1903
Full Service Brick and Mortar
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