Overview / Commentary
Tarboro Savings Bank, SSB is headquartered in Tarboro and is the 41st largest bank in the state of North Carolina. It is also the 4,764th largest bank in the nation. It was established in 1906 and as of December of 2019, it had grown to 8 employees at 1 location. Tarboro Savings Bank, SSB's savings rates are 44% higher than the national average, and it has a B health rating.
Health
B
Data as of Q4 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Tarboro Savings Bank, SSB has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 29061 |
| Year Established | 1906 |
| Employees | 8 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.09% |
| Return on Equity - YTD | 0.61% |
| Annual Interest Income | $2.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $49.6MM$47.5MM |
| Loans | Q4 2019vs Q4 2018 | $35.9MM$36.8MM |
| Deposits | Q4 2019vs Q4 2018 | $42.5MM$40.5MM |
| Equity Capital | Q4 2019vs Q4 2018 | $7.1MM$7.0MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $134.00K$151.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $466.00K$583.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $258.00K$0 |