Mutual Savings Bank of Rockingham County, SSB in Reidsville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 09, 1994

Mutual Savings Bank of Rockingham County, SSB in Reidsville, North Carolina (NC)
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Mutual Savings Bank of Rockingham County, SSB - Overview

General
FDIC Certificate #: 28028
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Branch Banking and Trust Company (#9846)
Federal Reserve ID: 733175
Date Established: January 01, 1921
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 766
FDIC's unique #: 40862
Numeric code: 42
Regulator: FDIC
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: Yes
Date of Deposit Insurance: June 29, 1938
Last Structure Change Effective Date: September 09, 1994
Last Structure Change Process Date: October 19, 1994
Last Data Update: October 19, 1994
Data Source Date: April 05, 2012
Location
Address: 233 Gilmer Street, Reidsville, NC 27320
County: Rockingham
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): Greensboro-Winston-Salem-High Point, NC (#268)
Core Based Statistical Area (CBSA): Greensboro-High Point, NC (#24660)
CBSA Metro Statistical Area: Greensboro-High Point, NC (#24660)
Financial Summary
Total assets: $86.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$20Total assets
$87,383Cash and due from depository institutions
$2,092Interest-bearing balances
$240Securities
$30,771Federal funds sold & reverse repurchase agreements
$9,550Net loans & leases
$43,536Loan loss allowance
$448Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$300Goodwill and other intangibles
$1,134Life insurance assets
$0All other assets
$0Total liabilities and capital
$87,383Total liabilities
$79,014Total deposits
$73,303Interest-bearing deposits
$72,202Deposits held in domestic offices
73303.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$5,711Total equity capital
$5,711Total bank equity capital
$8,369Perpetual preferred stock
$0Common stock
$1Surplus
$8,189Undivided profits
Memoranda
$179Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$26Income earned, not collected on loans
$0Earning assets
$84,097Long-term assets (5+ years)
$34,425Average Assets, year-to-date
$84,012Average Assets, quarterly
$86,886Volatile liabilities
$10,442Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,024Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$8,369Total risk weighted assets
$34,657Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$6,058Total interest expense
$3,429Net interest income
$2,629Provision for loan and lease losses
$100Total noninterest income
$159Fiduciary activities
$0Service charges on deposit accounts
$44Trading account gains & fees
$0Additional noninterest income
$115Total noninterest expense
$1,636Salaries and employee benefits
$989Premises and equipment expense
$123Additional noninterest expense
$524Pre-tax net operating income
$1,052Securities gains (losses)
$5Applicable income taxes
$383Income before extraordinary items
$674Extraordinary gains - net
$0Net income attributable to bank
$674Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$7,219Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.53%Cost of funding earning assets
4.26%Net interest margin
3.27%Noninterest income to earning assets
0.20%Noninterest expense to earning assets
2.03%Net operating income to assets
0.80%Return on assets (ROA)
0.80%Pretax return on assets
1.26%Return on equity (ROE)
9.96%Retained earnings to average equity (YTD only)
9.96%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
58,680Assets per employee
4.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.02%Loss allowance to noncurrent loans
1723.08%Noncurrent assets plus other real estate owned to assets
0.37%Noncurrent loans to loans
0.06%Net loans and leases to deposits
59.39%Net loans and leases to core deposits
69.26%Equity capital to assets
9.58%Core capital (leverage) ratio
9.59%Tier 1 risk-based capital ratio
24.15%Total risk-based capital ratio
Memoranda
$25Average assets
$84,012Average earning assets
$6,770Average equity
$80,472Average loans

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