This institution is no longer active

Operations ceased on February 28, 1998. CRA examination history below reflects the period it was active.

SHELBY SAVINGS BANK, SSB

SHELBY, NC · Supervised by FDIC

Est. 1905FDIC #28,573RSSD: FDIC-28573

Satisfactory Same

Current rating · Exam: July 1995

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.67%

Institution Profile

FDIC BankFind

Address

224 East Warren Street, SHELBY, NC

County

Cleveland County

Established

January 1, 1905

Total Assets

$108M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

July 1, 1995

Exam Type

Not Reported

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 30 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q4 1997Call Report / FDIC

Total Assets

$108M

Total Deposits

$92M

Net Loans

$87M

Net Income

$720K

ROA

0.67%

ROE

5.05%

Risk-Based Capital

28.14%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

Mortgage Denial Rate22.73%Peer avg: 7.63%▼ Below avg

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Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2024	132	40.91%	22.73%
2023	146	39.04%	20.55%
2022	213	46.01%	20.66%
2021	319	50.16%	19.12%

2024 national avg denial rate: 23.75% · Small bank avg: 7.63% · above-average shown in red

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 2 exams

1 previous rating locked — dating back to 1993

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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