FDIC Certificate #: 30845 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Security Savings Bank, SSB (#28139) Federal Reserve ID: 99077 Date Established: January 01, 1907 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 6004 FDIC's unique #: 43679 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: September 27, 1956 Last Structure Change Effective Date: March 01, 1999 Last Structure Change Process Date: March 23, 1999 Last Data Update: March 23, 1999 Data Source Date: April 05, 2012
Location
Address: 204 South Main Street, Randleman, NC 27317 County: Randolph 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): Greensboro--Winston-Salem--High Point, NC (#3120) 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: $17.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
3Total employees (full-time equivalent)
$17,227Total assets
$4,985Cash and due from depository institutions
$4,764Interest-bearing balances
$1,642Securities
$459Federal funds sold & reverse repurchase agreements
$9,613Net loans & leases
$25Loan loss allowance
$0Trading account assets
$391Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$137All other assets
$17,227Total liabilities and capital
$14,606Total liabilities
$14,362Total deposits
$14,362Interest-bearing deposits
$14,362Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$244All other liabilities
$2,621Total equity capital
$2,621Total bank equity capital
$2,621Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$2,621Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$11Earning assets
$0Long-term assets (5+ years)
$39Average Assets, year-to-date
$16,478Average Assets, quarterly
$8,838Volatile liabilities
$16,896Insider loans
$16,996FHLB advances
$1,587Loans and leases held for sale
$105Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$7,246Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$1,174Total interest income
$669Total interest expense
$505Net interest income
$0Provision for loan and lease losses
$13Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$13Additional noninterest income
$427Total noninterest expense
$200Salaries and employee benefits
$34Premises and equipment expense
$193Additional noninterest expense
$91Pre-tax net operating income
$0Securities gains (losses)
$17Applicable income taxes
$74Income before extraordinary items
$0Extraordinary gains - net
$74Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.27%Yield on earning assets
4.15%Cost of funding earning assets
3.13%Net interest margin
0.08%Noninterest income to earning assets
2.65%Noninterest expense to earning assets
0.44%Net operating income to assets
0.44%Return on assets (ROA)
0.54%Pretax return on assets
3.02%Return on equity (ROE)
3.02%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
82,432Assets per employee
5.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.26%Loss allowance to noncurrent loans
227.27%Noncurrent assets plus other real estate owned to assets
0.06%Noncurrent loans to loans
0.11%Net loans and leases to deposits
66.93%Net loans and leases to core deposits
75.25%Equity capital to assets
15.21%Core capital (leverage) ratio
14.26%Tier 1 risk-based capital ratio
33.13%Total risk-based capital ratio
Memoranda
$36Average assets
$16,896Average earning assets
$2,449Average equity
$16,139Average loans
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