OMNIBANK, INC., A State Savings Bank, SSB in city_name, state_name

OMNIBANK, INC., A State Savings Bank, SSB in Salisbury, North Carolina (NC)
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OMNIBANK, INC., A State Savings Bank, SSB - Overview

General
FDIC Certificate #: 29237
Status: Inactive
Closing history: Corrections
Acquiring institution: Security Capital Bank (#9859)
Federal Reserve ID: 975274
Date Established: January 01, 1919
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 3148
FDIC's unique #: 42071
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: December 30, 1936
Last Structure Change Effective Date: May 20, 1995
Last Structure Change Process Date: June 16, 1995
Last Data Update: June 16, 1995
Data Source Date: April 05, 2012
Location
Address: 507 West Innes Street, Salisbury, NC 28144
County: Rowan
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): Charlotte-Gastonia-Rock Hill, NC-SC (#1520)
Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
Core Based Statistical Area (CBSA): Salisbury, NC (#41580)
CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Participated in Absorption/Consolidation/Merger
Corrections
Financial Summary
Total assets: $224.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$28Total assets
$226,307Cash and due from depository institutions
$12,387Interest-bearing balances
$11,439Securities
$23,618Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$186,852Loan loss allowance
$1,874Trading account assets
$0Bank premises and fixed assets
$1,375Other real estate owned
$124Goodwill and other intangibles
$1,951Life insurance assets
$0All other assets
$0Total liabilities and capital
$226,307Total liabilities
$198,633Total deposits
$175,974Interest-bearing deposits
$164,905Deposits held in domestic offices
175974.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$2,970Trading liabilities
$0Other borrowed funds
$17,130Subordinated debt
$0All other liabilities
$2,559Total equity capital
$2,559Total bank equity capital
$27,674Perpetual preferred stock
$0Common stock
$1,100Surplus
$13,063Undivided profits
Memoranda
$13,511Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$776Income earned, not collected on loans
$945Earning assets
$221,909Long-term assets (5+ years)
$59,972Average Assets, year-to-date
$228,994Average Assets, quarterly
$228,047Volatile liabilities
$36,541Insider loans
$487FHLB advances
$0Loans and leases held for sale
$2,917Unused loan commitments
$18,813Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$27,979Total risk weighted assets
$127,063Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$17,615Total interest expense
$8,466Net interest income
$9,149Provision for loan and lease losses
$120Total noninterest income
$937Fiduciary activities
$0Service charges on deposit accounts
$213Trading account gains & fees
$0Additional noninterest income
$724Total noninterest expense
$4,224Salaries and employee benefits
$970Premises and equipment expense
$195Additional noninterest expense
$3,059Pre-tax net operating income
$5,742Securities gains (losses)
-$14Applicable income taxes
$4,709Income before extraordinary items
$1,019Extraordinary gains - net
$0Net income attributable to bank
$1,019Net charge-offs
$44Cash dividends
$2,809Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.89%Cost of funding earning assets
3.79%Net interest margin
4.10%Noninterest income to earning assets
0.42%Noninterest expense to earning assets
1.89%Net operating income to assets
0.45%Return on assets (ROA)
0.44%Pretax return on assets
2.50%Return on equity (ROE)
3.55%Retained earnings to average equity (YTD only)
-6.23%Net charge-offs to loans
0.02%Credit loss provision to net charge-offs
272.73%Efficiency ratio
41,880Assets per employee
8.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
275.66%Loss allowance to loans
0.99%Loss allowance to noncurrent loans
241.49%Noncurrent assets plus other real estate owned to assets
0.40%Noncurrent loans to loans
0.41%Net loans and leases to deposits
106.18%Net loans and leases to core deposits
122.50%Equity capital to assets
12.23%Core capital (leverage) ratio
12.27%Tier 1 risk-based capital ratio
22.02%Total risk-based capital ratio
Memoranda
$23Average assets
$228,994Average earning assets
$28,743Average equity
$223,351Average loans

OMNIBANK, INC., A State Savings Bank, SSB in Salisbury, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

OMNIBANK, INC., A State Savings Bank, SSB - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

OMNIBANK, INC., A State Savings Bank, SSB in Salisbury, North Carolina (NC)Overview, Financial Summary, Detailed Financial Reports, Branches

OMNIBANK, INC., A State Savings Bank, SSB - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

OMNIBANK, INC., A State Savings Bank, SSB in Salisbury, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches