Peoples Savings Bank, Inc., SSB in Wilmington, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 14, 1996

Peoples Savings Bank, Inc., SSB in Wilmington, North Carolina (NC)
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Peoples Savings Bank, Inc., SSB - Overview

General
FDIC Certificate #: 28817
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First-Citizens Bank & Trust Company (#11063)
Federal Reserve ID: 517375
Date Established: January 01, 1906
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 2420
FDIC's unique #: 41651
Numeric code: 41
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: December 13, 1935
Last Structure Change Effective Date: Febuary 14, 1996
Last Structure Change Process Date: May 01, 1996
Last Data Update: May 01, 1996
Data Source Date: April 05, 2012
Location
Address: 315 Market Street, Wilmington, NC 28401
County: New Hanover
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Raleigh
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Wilmington, NC (#9200)
Core Based Statistical Area (CBSA): Wilmington, NC (#48900)
CBSA Metro Statistical Area: Wilmington, NC (#48900)
Financial Summary
Total assets: $99.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$39Total assets
$99,651Cash and due from depository institutions
$6,421Interest-bearing balances
$5,506Securities
$16,878Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$73,727Loan loss allowance
$473Trading account assets
$0Bank premises and fixed assets
$87Other real estate owned
$130Goodwill and other intangibles
$2,408Life insurance assets
$0All other assets
$0Total liabilities and capital
$99,651Total liabilities
$89,224Total deposits
$80,155Interest-bearing deposits
$76,333Deposits held in domestic offices
80155.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$3,232Subordinated debt
$0All other liabilities
$5,837Total equity capital
$5,837Total bank equity capital
$10,427Perpetual preferred stock
$0Common stock
$0Surplus
$7,947Undivided profits
Memoranda
$2,480Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$427Income earned, not collected on loans
$455Earning assets
$96,111Long-term assets (5+ years)
$17,303Average Assets, year-to-date
$101,019Average Assets, quarterly
$99,913Volatile liabilities
$5,283Insider loans
$913FHLB advances
$0Loans and leases held for sale
$207Unused loan commitments
$8,918Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$10,425Total risk weighted assets
$59,848Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$7,839Total interest expense
$3,735Net interest income
$4,104Provision for loan and lease losses
$110Total noninterest income
$1,121Fiduciary activities
$0Service charges on deposit accounts
$278Trading account gains & fees
$0Additional noninterest income
$843Total noninterest expense
$3,280Salaries and employee benefits
$1,591Premises and equipment expense
$288Additional noninterest expense
$1,401Pre-tax net operating income
$1,835Securities gains (losses)
$0Applicable income taxes
$468Income before extraordinary items
$1,367Extraordinary gains - net
$0Net income attributable to bank
$1,367Net charge-offs
$24Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.09%Cost of funding earning assets
3.85%Net interest margin
4.23%Noninterest income to earning assets
1.16%Noninterest expense to earning assets
3.38%Net operating income to assets
1.35%Return on assets (ROA)
1.35%Pretax return on assets
1.82%Return on equity (ROE)
14.23%Retained earnings to average equity (YTD only)
14.23%Net charge-offs to loans
0.03%Credit loss provision to net charge-offs
458.33%Efficiency ratio
62,775Assets per employee
2.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.64%Loss allowance to noncurrent loans
110.77%Noncurrent assets plus other real estate owned to assets
0.56%Noncurrent loans to loans
0.58%Net loans and leases to deposits
91.98%Net loans and leases to core deposits
98.47%Equity capital to assets
10.46%Core capital (leverage) ratio
10.38%Tier 1 risk-based capital ratio
17.42%Total risk-based capital ratio
Memoranda
$18Average assets
$101,019Average earning assets
$9,605Average equity
$96,926Average loans

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