Mooresville Savings Bank, Ssb
Mooresville, NC — Domestic Branch of a Domestic Bank
Acquired Nov 2008
Vitals
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Total Assets158.4M 2.6 %
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Total Deposits134.8M 0.1 %
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Total Net Loans135.9M 2.8 %
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Net Income257000.0000 -8.2 %
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Book Value16.8M -0.5 %
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Book Value x233.7M -0.5 %
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Book Value x350.5M -0.5 %
Balance Sheet Highlights
Financial Highlights | Mooresville Savings Bank, Ssb | All Insured Savings Banks in North Carolina |
Balance Sheet $(000) | ||
Total Assets | 158,375 | 240,919 |
Total Net Loans | 135,881 | 187,178 |
Total Deposits | 134,763 | 179,850 |
Total Equity | 16,844 | 24,229 |
Profitability | ||
Net Income | 257 | 879 |
Return on Average Assets | .22 | .335 |
Return on Average Equity | 2.029 | 3.158 |
Net Interest Margin | 3.04 | 3 |
Efficiency Ratio | 87.781 | 82.012 |
Noninterest Income/Revenue | 2.263 | 7.145 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 100.83 | 95.51 |
Securities/Assets | .007 | .116 |
Total Equity/Total Assets | .106 | .101 |
Tangible Equity/Tangible Assets | .106 | .092 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 16,847 | 24,606 |
Tier 2 Capital | 584 | 1,845 |
Total Capital | 17,431 | 26,450 |
Total Risk Weighted Assets | 112,631 | 184,223 |
Leverage Ratio | 10.87 | 12.282 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 14.96 | 19.653 |
Total Capital Ratio | 15.48 | 20.403 |
Timeline for Mooresville Savings Bank, Ssb
First Community Bank Of Mercer County, Inc.
Mooresville Savings Bank, Ssb was acquired by First Community Bank Of Mercer County, Inc. 15 years
View Profile Nov 15 2008Coddle Creek Financial Corp.
Coddle Creek Financial Corp. became a new parent organization for Mooresville Savings Bank, Ssb.
View Profile Dec 30 1997Cornelius Savings And Loan Association
Acquisition: Mooresville Savings Bank, Ssb acquired a new subsidiary, Cornelius Savings And Loan Association, 43 years
View Profile May 01 1981Mooresville Savings Bank, Ssb
Mooresville Savings Bank, Ssb was established 87 years ago and is currently headquartered in Mooresville, NC.
Apr 19 1937Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
First Community Bank Of Mercer County, Inc. | Buyer | 439,839 | Acquisition | Discontinued | 11/15/2008 |
Cornelius Savings And Loan Association | Seller | Discontinued | 5/1/1981 |
Relationships | Role | Relationship Start | Relationship End |
Coddle Creek Financial Corp. | Parent | 12/30/1997 | 11/14/2008 |
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