Mount Gilead Savings and Loan Association - Overview
General
FDIC Certificate #: 29358 Status: Active Federal Reserve ID: 155375 Date Established: January 01, 1914 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 #: 3331 FDIC's unique #: 42192 Numeric code: 36 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: November 23, 1935 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: 127 North Main Street, Mount Gilead, NC 27306 County: Montgomery 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
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $11.3 mil Equity capital: $1.8 mil Deposits held in domestic offices: $9.5 mil Return on assets (ROA): 0.57% ($0.1 mil) Quarterly return on assets: 0.91% ($0.1 mil) Return on Equity (ROE): 3.75% ($0.1 mil) Quarterly return on equity: 5.96% ($0.1 mil) Net income: $0.1 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.68% ($77.0 mil) Quarterly Pretax return on assets: 0.91% ($103.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
4Total employees (full-time equivalent)
$11,318Total assets
$1,829Cash and due from depository institutions
$1,723Interest-bearing balances
$1Securities
$0Federal funds sold & reverse repurchase agreements
$9,346Net loans & leases
$30Loan loss allowance
$0Trading account assets
$41Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$11,318Life insurance assets
$101All other assets
$9,559Total liabilities and capital
$9,452Total liabilities
$9,441Total deposits
$9,452Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$100Trading liabilities
$0Other borrowed funds
$7Subordinated debt
$1,759All other liabilities
$1,759Total equity capital
$1,759Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$1,759Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$41Income earned, not collected on loans
$0Earning assets
$30Long-term assets (5+ years)
$11,070Average Assets, year-to-date
$0Average Assets, quarterly
$11,469Volatile liabilities
$11,427Insider loans
$5,392FHLB advances
$11,320Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$1,761Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$312Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$579Total interest income
$144Total interest expense
$435Net interest income
$0Provision for loan and lease losses
$6Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$6Additional noninterest income
$363Total noninterest expense
$244Salaries and employee benefits
$53Premises and equipment expense
$66Additional noninterest expense
$78Pre-tax net operating income
$0Securities gains (losses)
$13Applicable income taxes
$65Income before extraordinary items
$0Extraordinary gains - net
$65Net income attributable to bank
$0Net charge-offs
$65Cash 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)
5.16%Yield on earning assets
1.28%Cost of funding earning assets
3.88%Net interest margin
0.05%Noninterest income to earning assets
3.24%Noninterest expense to earning assets
0.57%Net operating income to assets
0.57%Return on assets (ROA)
0.68%Pretax return on assets
3.75%Return on equity (ROE)
3.75%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
82,313Assets per employee
2.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.32%Loss allowance to noncurrent loans
73.17%Noncurrent assets plus other real estate owned to assets
0.36%Noncurrent loans to loans
0.44%Net loans and leases to deposits
98.88%Net loans and leases to core deposits
104.66%Equity capital to assets
15.54%Core capital (leverage) ratio
15.56%Tier 1 risk-based capital ratio
32.66%Total risk-based capital ratio
Memoranda
$33Average assets
$11,469Average earning assets
$1,732Average equity
$11,211Average loans
List of branches
1 North Carolina Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
42192
Mount Gilead Savings And Loan Associ
127 North Main Street, Mount Gilead, NC 27306
January 01, 1914
Full Service Brick and Mortar
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