FDIC Certificate #: 28525 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:RBC Bank (USA) (#33184) Federal Reserve ID: 602271 Date Established: January 01, 1923 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 1776 FDIC's unique #: 41359 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: April 21, 1949 Last Structure Change Effective Date: Febuary 06, 1999 Last Structure Change Process Date: March 01, 1999 Last Data Update: March 01, 1999 Data Source Date: April 05, 2012
Location
Address: 505 South Main Street, Laurinburg, NC 28352 County: Scotland 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 Combined Statistical Area (CSA): Lumberton-Laurinburg, NC (#354) Core Based Statistical Area (CBSA): Laurinburg, NC (#29900) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $58.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
11Total employees (full-time equivalent)
$58,594Total assets
$2,442Cash and due from depository institutions
$510Interest-bearing balances
$6,430Securities
$7,250Federal funds sold & reverse repurchase agreements
$40,830Net loans & leases
$255Loan loss allowance
$0Trading account assets
$745Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$897All other assets
$58,594Total liabilities and capital
$44,782Total liabilities
$43,541Total deposits
$42,091Interest-bearing deposits
$43,541Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,241All other liabilities
$13,812Total equity capital
$13,812Total bank equity capital
$13,812Perpetual preferred stock
$0Common stock
$3,421Surplus
$0Undivided profits
Memoranda
$10,391Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$38Earning assets
$0Long-term assets (5+ years)
$134Average Assets, year-to-date
$55,020Average Assets, quarterly
$26,370Volatile liabilities
$60,283Insider loans
$59,224FHLB advances
$3,495Loans and leases held for sale
$635Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,431Total unused commitments
$0Restructured Loans and leases
$30,358Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$4,373Total interest income
$2,092Total interest expense
$2,281Net interest income
$0Provision for loan and lease losses
$69Total noninterest income
$0Fiduciary activities
$52Service charges on deposit accounts
$0Trading account gains & fees
$17Additional noninterest income
$1,588Total noninterest expense
$1,052Salaries and employee benefits
$219Premises and equipment expense
$317Additional noninterest expense
$762Pre-tax net operating income
$10Securities gains (losses)
$305Applicable income taxes
$467Income before extraordinary items
$0Extraordinary gains - net
$467Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$385Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.68%Yield on earning assets
3.67%Cost of funding earning assets
4.00%Net interest margin
0.12%Noninterest income to earning assets
2.79%Noninterest expense to earning assets
0.76%Net operating income to assets
0.77%Return on assets (ROA)
1.28%Pretax return on assets
3.44%Return on equity (ROE)
0.60%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
67,574Assets per employee
5.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
82.44%Loss allowance to loans
0.62%Loss allowance to noncurrent loans
671.05%Noncurrent assets plus other real estate owned to assets
0.06%Noncurrent loans to loans
0.09%Net loans and leases to deposits
93.77%Net loans and leases to core deposits
101.96%Equity capital to assets
23.57%Core capital (leverage) ratio
21.73%Tier 1 risk-based capital ratio
42.26%Total risk-based capital ratio
Memoranda
$45Average assets
$60,283Average earning assets
$13,580Average equity
$56,963Average loans
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