SNB Savings Bank, Inc., SSB of Elkin in Elkin, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 27, 1993

SNB Savings Bank, Inc., SSB of Elkin in Elkin, North Carolina (NC)
Show street view No street view available for this location

SNB Savings Bank, Inc., SSB of Elkin - Overview

General
FDIC Certificate #: 28377
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SNB Savings Bank, Inc., SSB (#32115)
Federal Reserve ID: 96179
Date Established: January 01, 1908
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 1469
FDIC's unique #: 41211
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: Febuary 06, 1951
Last Structure Change Effective Date: Febuary 27, 1993
Last Structure Change Process Date: March 16, 1993
Last Data Update: March 16, 1993
Data Source Date: April 05, 2012
Location
Address: 201 West Main Street, Elkin, NC 28621
County: Surry
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): Mount Airy, NC (#34340)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $142.4 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$54Total assets
$142,356Cash and due from depository institutions
$10,755Interest-bearing balances
$7,108Securities
$23,421Federal funds sold & reverse repurchase agreements
$2,295Net loans & leases
$99,678Loan loss allowance
$392Trading account assets
$0Bank premises and fixed assets
$2,280Other real estate owned
$276Goodwill and other intangibles
$3,136Life insurance assets
$515All other assets
$0Total liabilities and capital
$142,356Total liabilities
$122,641Total deposits
$121,371Interest-bearing deposits
$118,347Deposits held in domestic offices
121371.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,270Total equity capital
$1,270Total bank equity capital
$19,715Perpetual preferred stock
$0Common stock
$1,282Surplus
$8,841Undivided profits
Memoranda
$9,592Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$181Income earned, not collected on loans
$564Earning assets
$132,502Long-term assets (5+ years)
$87,811Average Assets, year-to-date
$145,467Average Assets, quarterly
$143,262Volatile liabilities
$9,700Insider loans
$267FHLB advances
$0Loans and leases held for sale
$1,973Unused loan commitments
$8,077Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$19,300Total risk weighted assets
$77,443Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$11,985Total interest expense
$5,874Net interest income
$6,111Provision for loan and lease losses
$32Total noninterest income
$860Fiduciary activities
$0Service charges on deposit accounts
$232Trading account gains & fees
$0Additional noninterest income
$628Total noninterest expense
$3,036Salaries and employee benefits
$1,485Premises and equipment expense
$294Additional noninterest expense
$1,257Pre-tax net operating income
$3,903Securities gains (losses)
$0Applicable income taxes
$1,383Income before extraordinary items
$2,520Extraordinary gains - net
$0Net income attributable to bank
$2,520Net charge-offs
$12Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.78%Cost of funding earning assets
4.30%Net interest margin
4.47%Noninterest income to earning assets
0.63%Noninterest expense to earning assets
2.22%Net operating income to assets
1.73%Return on assets (ROA)
1.73%Pretax return on assets
2.68%Return on equity (ROE)
13.66%Retained earnings to average equity (YTD only)
13.66%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
266.67%Efficiency ratio
43,007Assets per employee
2.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.39%Loss allowance to noncurrent loans
216.57%Noncurrent assets plus other real estate owned to assets
0.32%Noncurrent loans to loans
0.18%Net loans and leases to deposits
82.13%Net loans and leases to core deposits
89.26%Equity capital to assets
13.85%Core capital (leverage) ratio
13.41%Tier 1 risk-based capital ratio
24.92%Total risk-based capital ratio
Memoranda
$25Average assets
$145,467Average earning assets
$18,454Average equity
$136,580Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with SNB Savings Bank, Inc., SSB of Elkin.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.