Tarboro Savings Bank SSB
Tarboro, North Carolina · FDIC Cert #29061
This is the FDIC profile for Tarboro Savings Bank SSB, an FDIC-insured bank (Certificate #29061) with $57M in total assets and $48M in total deposits per its most recent FDIC Call Report filing (Q2 2024). Headquartered in Tarboro, North Carolina, the bank maintains a Tier 1 capital ratio of 12.45% (Well-Capitalized) and a nonperforming loan ratio of 0.00%. BankHealthData assigns a composite Health Grade of B (71/100) based on quarterly FDIC filings. All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Tarboro Savings Bank SSB (FDIC cert 29061) is a community bank — $57M in total assets, $48M in deposits, serving the Tarboro, North Carolina area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 12.45% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is clean: non-performing loan ratio of 0.00% is below 0.5% — well within the healthy range for U.S. community and regional banks. Clean NPL ratios reflect either disciplined underwriting, a low-credit-risk loan mix, or both. Liquidity is in the normal range: 17.6% liquid assets relative to total assets — adequate for standard operating needs and routine deposit outflows.
Profitability is negative: ROA of -0.69% means the bank lost money during the reporting period. Sustained negative ROA erodes capital and triggers escalating regulatory attention. Health-score trend is mildly negative across recent quarters. Mild declines can reflect either specific quarterly events (large one-time provisions, deposit shifts) or the early stages of broader pressure. Tarboro Savings Bank SSB carries a composite BankHealth grade of B (71/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Tarboro Savings Bank SSB
- Total Assets
- $57M
- Total Deposits
- $48M
- Tier 1 Capital Ratio
- 12.45%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.00%
- Liquidity Ratio
- 17.57%
- Return on Assets
- -0.69%
- Headquarters
- Tarboro, North Carolina
- FDIC Certificate
- #29061
- Health Grade
- B (71/100)
- Latest Call Report
- Q2 2024
FDIC Filings & Call Report Data
Tarboro Savings Bank SSB files quarterly Call Reports with the FDIC under Certificate #29061. The figures on this page reflect the Q2 2024 Call Report, which is the most recent FDIC filing currently available. Historical filings and Uniform Bank Performance Reports (UBPR) are accessible directly from the FDIC BankFind directory and the FFIEC Central Data Repository.
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Capital & Safety Analysis
According to FDIC financial data, Tarboro Savings Bank SSB holds a Tier 1 capital ratio of 12.45%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Tarboro Savings Bank SSB has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Tarboro Savings Bank SSB shows strong financial health indicators. With $57M in assets and a Health Score of 71/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Tarboro Savings Bank SSB Compares
Tarboro Savings Bank SSB’s Health Score of 71 is 11 points below the North Carolina state average of 82 across 36 FDIC-insured banks. Its 12.45% Tier 1 capital ratio is 1.6 points below the US banking industry average near 14%. The 0.00% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of -0.69% is below the national ROA benchmark of ~1.1%. Among 641 similarly-sized banks, the average Health Score is 83, meaning this bank ranks below its size cohort. Site-wide, Tarboro Savings Bank SSB is 9 points below the portfolio average of 80.
Frequently Asked Questions
Tarboro Savings Bank SSB has a Bank Health Score of B (71/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 12.45%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Tarboro Savings Bank SSB's Tier 1 capital ratio of 12.45% and nonperforming loan ratio of 0.00% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Tarboro Savings Bank SSB is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #29061). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Tarboro Savings Bank SSB holds $57M in total assets and $48M in total deposits. It is headquartered in Tarboro, North Carolina (FDIC Certificate #29061).
Tarboro Savings Bank SSB's FDIC filings — including quarterly Call Reports and Uniform Bank Performance Reports — are filed under FDIC Certificate #29061 and available through the FDIC BankFind directory and the FFIEC Central Data Repository. The data on this page reflects the Q2 2024 Call Report.
Tarboro Savings Bank SSB has a Tier 1 capital ratio of 12.45%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.00%, and the return on assets is -0.69%.
Yes. Tarboro Savings Bank SSB is FDIC-insured (Certificate #29061). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Tarboro Savings Bank SSB's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.