Taylorsville Savings Bank, SSB

Report generated from DepositInsuredBanks.com
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Overview

FDIC Cert 32348
Address
107 Main Avenue Dr, Taylorsville, NC 28681
FDIC Unique Number 45182
Federal Reserve ID 258379
Federal Reserve ID for Bank Holding Company 0
OCC Charter Number 0
OTS Docket Number 8170
MSA Hickory-Morganton-Lenoir, NC
County Alexander
Website http://www.taylorsvillesavings.com
Established On 04/01/1921
Insured On 06/26/1985
Holding Company
Regulator Federal Deposit Insurance Corporation
Asset Concentration Mortgage Lending Specialization
Ownership Type
Domestic Offices 3
Foreign Offices
Bank Charter Class SB - Savings banks, state charter, supervised by the FDIC

Recent Changes

Change in Location

Financial Snapshot

USD, Thousands
Total Assets 99,475
Total Deposits 88,090
Domestic Deposits 88,090
Bank Equity Capital 8,890
Year to Date Quarterly
Net Income USD, 000 1,384 63
Return on Assets 1.91% 0.26%
Return on Equity 22.14% 2.82%
Pre-Tax Return on Assets 0.51% 0.82%
as of 09/30/2015

Financial Health

As of 09/30/2015
Low Risk

The Texas ratio is a measure of a bank's credit troubles. It is a way to measure how risky a bank is. The higher the Texas ratio, the more severe the credit troubles. Any bank with a TX Ratio near or greater than 100% is considered at risk. Developed by Gerard Cassidy and others at RBC Capital Markets, it is calculated by dividing the value of the lender's non-performing assets (Non performing loans + Real Estate Owned) by the sum of its tangible common equity capital and loan loss reserves.

Taylorsville Savings Bank, SSB has a texas ratio of 13.13 which puts it at low risk. As of 09/30/2015 the bank had $1,223 Non Current Loans and Leases, $129 Other Real Estate Owned, $8,890 Total Equity Capital and $1,406 Loan Loss Allowance.

Historical Texas Ratios

Date Non Current Loans and Leases Other Real Estate Owned Total Equity Capital Loan Loss Allowance TX Ratio
09/30/2015 $1,223 $129 $8,890 $1,406 13.13
06/30/2015 $1,294 $90 $8,977 $1,401 13.34
03/31/2015 $1,627 $176 $7,775 $1,368 19.72
12/31/2014 $2,033 $25 $7,691 $1,337 22.8
09/30/2014 $1,761 $12 $7,628 $1,255 19.96
06/30/2014 $1,822 $20 $7,367 $1,261 21.35
03/31/2014 $1,823 $83 $7,207 $1,258 22.52
12/31/2013 $1,949 $75 $7,184 $1,250 24
09/30/2013 $1,907 $52 $7,338 $1,128 23.14
06/30/2013 $1,628 $75 $7,069 $1,127 20.78
03/31/2013 $1,275 $270 $7,272 $999 18.68
12/31/2012 $1,349 $351 $7,306 $1,000 20.47
09/30/2012 $2,022 $340 $7,254 $1,000 28.62
06/30/2012 $2,046 $540 $7,202 $996 31.54
03/31/2012 $2,216 $502 $7,248 $948 33.16
12/31/2011 $2,444 $311 $7,223 $983 33.57
09/30/2011 $2,326 $329 $7,251 $985 32.24
06/30/2011 $1,993 $202 $8,004 $1,005 24.36
03/31/2011 $1,880 $119 $7,836 $1,048 22.5
12/31/2010 $1,729 $360 $7,854 $1,084 23.37
09/30/2010 $1,841 $753 $8,156 $1,056 28.16
06/30/2010 $1,820 $918 $7,585 $1,072 31.63
03/31/2010 $1,638 $809 $7,870 $1,187 27.02
12/31/2009 $1,744 $688 $7,896 $1,229 26.65
09/30/2009 $1,332 $334 $8,029 $1,193 18.07
06/30/2009 $1,181 $283 $7,277 $1,030 17.62
03/31/2009 $619 $270 $8,119 $673 10.11

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Assets and Liabilities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total employees (full-time equivalent) 30 30 30 29 28 Chart
Total Assets 99,475 97,698 96,075 92,904 93,245 Chart
Cash & Balances due from depository institutions 7,244 5,264 6,413 3,145 3,567 Chart
Interest-bearing balances 2,949 812 2,085 614 613 Chart
Securities 8,658 9,295 9,813 11,634 12,506 Chart
Federal funds sold and reverse repurchase 14 8 9 8 10 Chart
Net loans and leases 75,776 75,440 73,444 71,829 70,777 Chart
Loan loss allowance 1,406 1,401 1,368 1,337 1,255 Chart
Trading account assets 0 0 0 0 0 Chart
Bank premises and fixed assets 756 775 719 722 741 Chart
Other real estate owned 129 90 176 25 12 Chart
Goodwill and other intangibles 0 0 0 0 0 Chart
All other assets 6,898 6,826 5,501 5,541 5,632 Chart
Total Liabilities and Capital 99,475 97,698 96,075 92,904 93,245 Chart
Total Liabilities 90,585 88,721 88,300 85,213 85,617 Chart
Total deposits 88,090 86,553 86,182 83,156 83,418 Chart
Interest-bearing deposits 83,023 82,380 82,177 78,695 78,901 Chart
Deposits held in domestic offices 88,090 86,553 86,182 83,156 83,418 Chart
% insured (estimated) 96% 97% 97% 97% 97% Chart
Federal funds purchased and repurchase agreements 0 0 0 0 0 Chart
Trading liabilities 0 0 0 0 0 Chart
Other borrowed funds 0 0 0 0 0 Chart
Subordinated debt 0 0 0 0 0 Chart
All other liabilities 2,495 2,168 2,118 2,057 2,199 Chart
Total equity capital 8,890 8,977 7,775 7,691 7,628 Chart
Bank equity capital 8,890 8,977 7,775 7,691 7,628 Chart
Perpetual preferred stock 0 0 0 0 0 Chart
Common stock 0 0 0 0 0 Chart
Surplus 0 0 0 0 0 Chart
Undivided profits 8,890 8,977 7,775 7,691 7,628 Chart
Equity, minor interest in consolidated subs 0 0 0 0 0 Chart
Memoranda
Noncurrent loans and leases 1,223 1,294 1,627 2,033 1,761 Chart
Noncurrent loans which are wholly or partially guaranteed by the U.S. 0 0 0 0 0 Chart
Income earned, not collected on loans 310 314 293 289 314 Chart
Earning assets 87,397 85,555 85,351 84,085 83,906 Chart
Long-term assets (5+ years) 46,025 45,044 43,075 42,253 42,098 Chart
Average total assets 96,538 95,559 94,490 92,525 92,430 Chart
Average assets, quarterly 98,587 96,887 94,490 93,075 94,011 Chart
Total risk weighted assets adjusted 66,418 65,550 62,887 62,361 62,334 Chart
Adjusted average assets for leverage capital purposes 98,184 96,518 94,541 93,029 93,869 Chart
Life insurance assets 4,698 4,670 4,586 4,559 4,531 Chart
General account life insurance assets 4,698 4,670 4,586 4,559 4,531 Chart
Separate account life insurance assets 0 0 0 0 0 Chart
Hybrid life insurance assets 0 0 0 0 0 Chart
Volatile liabilities 4,386 4,980 5,398 5,091 5,275 Chart
Insider loans 808 820 691 802 817 Chart
FHLB advances 0 0 0 0 0 Chart
Loans and leases held for sale 0 0 0 0 0 Chart
Unused loan commitments 11,645 11,192 13,234 11,349 10,627 Chart
Tier one (core) capital 9,001 8,961 8,162 8,104 8,087 Chart
Tier 2 Risk-based capital 842 831 793 770 767 Chart
Total unused commitments 11,645 11,192 13,234 11,349 10,627 Chart
Derivatives 0 0 0 0 0 Chart

Income and Expenses

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total interest income 2,676 1,761 882 3,404 2,532 Chart
Total interest expense 254 169 84 337 250 Chart
Net interest income 2,422 1,592 798 3,067 2,282 Chart
Provision for loan and lease losses 86 86 86 314 134 Chart
Total noninterest income 383 258 117 498 359 Chart
Gross Fiduciary activities income 0 0 0 0 0 Chart
Service charges on deposit accounts 118 77 38 162 122 Chart
Trading account gains and fees 0 0 0 0 0 Chart
Additional Noninterest Income 265 181 79 336 237 Chart
Total noninterest expense 2,348 1,594 792 3,050 2,256 Chart
Salaries and employee benefits 1,223 833 415 1,617 1,182 Chart
Premises and equipment expense 272 186 83 357 263 Chart
Additional noninterest expense 853 575 294 1,076 811 Chart
Pre-tax net operating income 371 170 37 201 251 Chart
Securities gains (losses) -1 -2 -2 20 13 Chart
Applicable income taxes -1,014 -1,153 18 72 55 Chart
Income before extraordinary items 1,384 1,321 17 149 209 Chart
Extraordinary gains, net 0 0 0 0 0 Chart
Net income 1,384 1,321 17 149 209 Chart
Minority interest net income 0 0 0 0 0 Chart
Net income of bank and minority interests 1,384 1,321 17 149 209 Chart
Net charge-offs 17 22 55 227 129 Chart
Cash dividends 0 0 0 0 0 Chart
Sale, conversion, retirement of capital stock, net 0 0 0 0 0 Chart
Net operating income 1,385 1,323 18 136 199 Chart

Securities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total securities 8,658 9,295 9,813 11,634 12,506 Chart
U.S. Government securities 8,658 9,295 9,813 11,634 12,506 Chart
U.S. Treasury securities 0 0 0 0 0 Chart
U.S. Government agency obligations 8,658 9,295 9,813 11,634 12,506 Chart
Securities issued by states & political subdivisions 0 0 0 0 0 Chart
Other domestic debt securities 0 0 0 0 0 Chart
Privately issued residential mortgage-backed securities 0 0 0 0 0 Chart
Commercial mortgage-backed securities - Total 0 0 0 0 0 Chart
Asset backed securities 0 0 0 0 0 Chart
Structured financial products - Total 0 0 0 0 0 Chart
Other domestic debt securities - All other 0 0 0 0 0 Chart
Foreign debt securities 0 0 0 0 0 Chart
Equity securities 0 0 0 0 0 Chart
Assets held in trading accounts for TFR Reporters 0 0 0 0 0 Chart
General valuation allowances for securities for TFR Reporters 0 0 0 0 0 Chart
Memoranda
Pledged securities 1,725 1,688 1,735 484 469 Chart
Mortgage-backed securities 4,082 4,670 4,940 6,386 6,811 Chart
Certificates of participation in pools of residential mortgages 4,082 4,670 4,940 6,386 6,811 Chart
Issued or guaranteed by U.S. 4,082 4,670 4,940 6,386 6,811 Chart
Privately issued 0 0 0 0 0 Chart
Collaterized mortgage obligations 0 0 0 0 0 Chart
CMOs issued by government agencies or sponsored agencies 0 0 0 0 0 Chart
Privately issued 0 0 0 0 0 Chart
Commercial mortgage-backed securities 0 0 0 0 0 Chart
Commercial mortgage pass-through securities 0 0 0 0 0 Chart
Other commercial mortgage-backed securities 0 0 0 0 0 Chart
Held to maturity securities (book value) 0 0 0 0 0 Chart
Available-for-sale securities (fair market value) 8,658 9,295 9,813 11,634 12,506 Chart
Total debt securities 8,658 9,295 9,813 11,634 12,506 Chart
Structured Notes
Amortized cost 749 749 749 749 1,232 Chart
Fair value 739 719 739 720 1,175 Chart
Trading account assets 0 0 0 0 0 Chart
Revaluation gains on off-balance sheet contracts 0 0 0 0 0 Chart
Revaluation losses on off-balance sheet contracts 0 0 0 0 0 Chart

Performance and Condition Ratios

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
% of unprofitable institutions N/A N/A N/A N/A N/A Chart
% of insitutions with earnings gains N/A N/A N/A N/A N/A Chart
Performance Ratios (%, annualized)
Yield on earning assets 4.17% 4.14% 4.16% 4.10% 4.07% Chart
Cost of funding earning assets 0.40% 0.40% 0.40% 0.41% 0.40% Chart
Net interest margin 3.77% 3.75% 3.77% 3.69% 3.67% Chart
Noninterest income to average assets 0.53% 0.54% 0.50% 0.54% 0.52% Chart
Noninterest expense to average assets 3.24% 3.34% 3.35% 3.30% 3.25% Chart
Loan and lease loss provision to assets 0.12% 0.18% 0.36% 0.34% 0.19% Chart
Net operating income to assets 1.91% 2.77% 0.08% 0.15% 0.29% Chart
Return on assets (ROA) 1.91% 2.76% 0.07% 0.16% 0.30% Chart
Pretax return on assets 0.51% 0.35% 0.15% 0.24% 0.38% Chart
Return on Equity (ROE) 22.14% 32.43% 0.88% 2.01% 3.79% Chart
Retained earnings to average equity (YTD only) 22.14% 32.43% 0.88% 2.01% 3.79% Chart
Net charge-offs to loans 0.03% 0.06% 0.30% 0.33% 0.25% Chart
Credit loss provision to net charge-offs 505.88% 390.91% 156.36% 138.33% 103.88% Chart
Earnings coverage of net charge-offs (x) 26.88% 11.64% 2.24% 2.27% 2.98% Chart
Efficiency ratio 83.71% 86.16% 86.56% 85.55% 85.42% Chart
Assets per employee ($millions) 3.32% 3.26% 3.20% 3.20% 3.33% Chart
Cash dividends to net income (YTD only) 0.00% 0.00% 0.00% 0.00% 0.00% Chart
Condition Ratios (%)
Loss allowance to loans 1.82% 1.82% 1.83% 1.83% 1.74% Chart
Loan loss allowance to noncurrent loans 114.96% 108.27% 84.08% 65.76% 71.27% Chart
Noncurrent assets plus other real estate owned to assets 1.36% 1.42% 1.88% 2.22% 1.90% Chart
Noncurrent loans to loans 1.58% 1.68% 2.17% 2.78% 2.44% Chart
Net loans and leases to total assets 76.18% 77.22% 76.44% 77.32% 75.90% Chart
Net loans and leases to deposits 86.02% 87.16% 85.22% 86.38% 84.85% Chart
Net loans and leases to core deposits 90.53% 92.48% 90.91% 92.01% 90.57% Chart
Total domestic deposits to total assets 88.55% 88.59% 89.70% 89.51% 89.46% Chart
Equity capital to assets 8.94% 9.19% 8.09% 8.28% 8.18% Chart
Core capital (leverage) ratio 9.17% 9.28% 8.63% 8.71% 8.62% Chart
Tier 1 risk-based capital ratio 13.55% 13.67% 12.98% 13.00% 12.97% Chart
Total risk-based capital ratio 14.82% 14.94% 14.24% 14.23% 14.20% Chart
Memoranda
Average total assets 96,538 95,559 94,490 92,525 92,430 Chart
Average earning assets 85,597 84,997 84,718 83,115 82,872 Chart
Average equity 8,333 8,148 7,733 7,415 7,347 Chart
Average loans 75,500 74,940 73,989 69,362 68,411 Chart