FDIC Certificate #: 29061 Status: Active Federal Reserve ID: 800479 Date Established: January 01, 1906 Trust Powers Granted: No Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 2844 FDIC's unique #: 41895 Numeric code: 42 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: May 27, 1949 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 501 Main Street, Tarboro, NC 27886 County: Edgecombe 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): Rocky Mount, NC (#6895) Core Based Statistical Area (CBSA): Rocky Mount, NC (#40580) CBSA Metro Statistical Area: Rocky Mount, NC (#40580)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $39.8 mil Equity capital: $5.2 mil Deposits held in domestic offices: $34.6 mil Return on assets (ROA): 0.57% ($0.2 mil) Quarterly return on assets: 0.56% ($0.2 mil) Return on Equity (ROE): 4.28% ($0.2 mil) Quarterly return on equity: 4.27% ($0.2 mil) Net income: $0.2 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.87% ($346.7 mil) Quarterly Pretax return on assets: 0.76% ($302.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2011)
Dollar figures in thousands
6Total employees (full-time equivalent)
$39,849Total assets
$10,845Cash and due from depository institutions
$10,460Interest-bearing balances
$3Securities
$0Federal funds sold & reverse repurchase agreements
$28,455Net loans & leases
$70Loan loss allowance
$0Trading account assets
$266Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$39,849Life insurance assets
$280All other assets
$34,665Total liabilities and capital
$34,594Total liabilities
$34,594Total deposits
$34,594Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$71Subordinated debt
$5,184All other liabilities
$5,184Total equity capital
$5,184Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$5,184Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$93Income earned, not collected on loans
$0Earning assets
$115Long-term assets (5+ years)
$38,918Average Assets, year-to-date
$19,702Average Assets, quarterly
$38,235Volatile liabilities
$39,548Insider loans
$18,901FHLB advances
$40,086Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,184Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,580Restructured Loans and leases
$348Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,533Total interest income
$489Total interest expense
$1,044Net interest income
-$17Provision for loan and lease losses
$9Total noninterest income
$0Fiduciary activities
$4Service charges on deposit accounts
$0Trading account gains & fees
$5Additional noninterest income
$738Total noninterest expense
$355Salaries and employee benefits
$80Premises and equipment expense
$303Additional noninterest expense
$332Pre-tax net operating income
$0Securities gains (losses)
$115Applicable income taxes
$217Income before extraordinary items
$0Extraordinary gains - net
$217Net income attributable to bank
$0Net charge-offs
$217Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.10%Yield on earning assets
1.31%Cost of funding earning assets
2.79%Net interest margin
0.02%Noninterest income to earning assets
1.97%Noninterest expense to earning assets
0.57%Net operating income to assets
0.57%Return on assets (ROA)
0.87%Pretax return on assets
4.28%Return on equity (ROE)
4.28%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
70,085Assets per employee
6.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.25%Loss allowance to noncurrent loans
75.27%Noncurrent assets plus other real estate owned to assets
0.23%Noncurrent loans to loans
0.33%Net loans and leases to deposits
82.25%Net loans and leases to core deposits
87.81%Equity capital to assets
13.01%Core capital (leverage) ratio
12.93%Tier 1 risk-based capital ratio
27.43%Total risk-based capital ratio
Memoranda
$28Average assets
$38,235Average earning assets
$5,075Average equity
$37,380Average loans
List of branches
1 North Carolina Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
41895
Tarboro Savings Bank, Ssb
501 Main Street, Tarboro, NC 27886
January 01, 1906
Full Service Brick and Mortar
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