The Morris Plan Savings Bank, Inc., SSB - Overview
General
FDIC Certificate #: 9837 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Randolph Bank & Trust Company (#22746) Federal Reserve ID: 477929 Date Established: October 10, 1922 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 14035 FDIC's unique #: 6297 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes FDIC Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: June 01, 2002 Last Structure Change Process Date: July 31, 2002 Last Data Update: July 31, 2002 Data Source Date: April 05, 2012
Location
Address: 523 South Worth Street, Burlington, NC 27216 County: Alamance 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): Greensboro--Winston-Salem--High Point, NC (#3120) Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268) Core Based Statistical Area (CBSA): Burlington, NC (#15500) CBSA Metro Statistical Area: Burlington, NC (#15500)
Financial Summary
Total assets: $43.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
10Total employees (full-time equivalent)
$41,262Total assets
$1,839Cash and due from depository institutions
$1,694Interest-bearing balances
$7,939Securities
$0Federal funds sold & reverse repurchase agreements
$30,407Net loans & leases
$299Loan loss allowance
$0Trading account assets
$271Bank premises and fixed assets
$88Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$718All other assets
$41,262Total liabilities and capital
$38,545Total liabilities
$30,914Total deposits
$30,791Interest-bearing deposits
$30,914Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,500Other borrowed funds
$0Subordinated debt
$131All other liabilities
$2,717Total equity capital
$2,717Total bank equity capital
$2,717Perpetual preferred stock
$0Common stock
$150Surplus
$1,250Undivided profits
Memoranda
$1,317Noncurrent loans and leases
$3,033Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$140Earning assets
$0Long-term assets (5+ years)
$201Average Assets, year-to-date
$40,040Average Assets, quarterly
$20,495Volatile liabilities
$38,641Insider loans
$40,943FHLB advances
$11,759Loans and leases held for sale
$149Unused loan commitments
$7,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,033Total unused commitments
$79Restructured Loans and leases
$299Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$2,985Total interest income
$1,861Total interest expense
$1,124Net interest income
$30Provision for loan and lease losses
$199Total noninterest income
$0Fiduciary activities
$20Service charges on deposit accounts
$0Trading account gains & fees
$179Additional noninterest income
$1,089Total noninterest expense
$466Salaries and employee benefits
$152Premises and equipment expense
$471Additional noninterest expense
$204Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$204Income before extraordinary items
$0Extraordinary gains - net
$204Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$16Sale, conversion, retirement of capital stock, net
$78Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.94%Yield on earning assets
4.95%Cost of funding earning assets
2.99%Net interest margin
0.53%Noninterest income to earning assets
2.90%Noninterest expense to earning assets
0.53%Net operating income to assets
0.53%Return on assets (ROA)
0.53%Pretax return on assets
7.47%Return on equity (ROE)
4.61%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
187.50%Credit loss provision to net charge-offs
14.63%Efficiency ratio
82,313Assets per employee
4.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
38.24%Loss allowance to loans
0.97%Loss allowance to noncurrent loans
213.57%Noncurrent assets plus other real estate owned to assets
0.55%Noncurrent loans to loans
0.46%Net loans and leases to deposits
98.36%Net loans and leases to core deposits
155.49%Equity capital to assets
6.58%Core capital (leverage) ratio
6.50%Tier 1 risk-based capital ratio
10.72%Total risk-based capital ratio
Memoranda
$12Average assets
$38,641Average earning assets
$2,732Average equity
$37,607Average loans
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