Blue Ridge Savings Bank, Inc.
Asheville, NC
$161M
total assets, September 30, 2011
$161M
total assets, September 30, 2011
Blue Ridge Savings Bank, Inc. was a state savings bank in Asheville, NC. It failed on Oct 14, 2011, and Bank Of North Carolina took over its deposits. At its last report it held $161.4 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2011
This bank failed
- Failed on
- Oct 14, 2011
- Assets
- $161M
- Deposits
- $160M
- Estimated cost
- $44.1M
- Deposits went to
- Bank Of North Carolina, Thomasville, NC
Total assets
$161M
-11.7% in a year · +0.3% in a quarter
Deposits
$160M
-7.9% in a year · +0.6% in a quarter
Loans
$90.5M
-25.1% in a year · -10.3% in a quarter
Profit so far
-$2.9M
Jan 1 to Sep 30, 2011
Capital ratio
0.88%
-4.00 pts in a year
Return on assets
-2.40%
-0.29 pts in a year
Facts
- Type
- State savings bank
- Head office
- 20 South Pack Square, Asheville, NC, 28816
- County
- Buncombe
- Established
- Mar 1, 1978
- Failed
- Oct 14, 2011
- Employees
- 41
- Branches
- 11 in 2 states
- Id
- b32347
Quarter by quarter
September 30, 1985 to September 30, 2011
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Blue Ridge Savings Bank, Inc.?
$161.4 million in total assets and $159.6 million in deposits as of September 30, 2011, with assets down 11.7% from a year before. Its loans were $90.5 million.
How many branches does Blue Ridge Savings Bank, Inc. have?
11 branches in 2 states as of June 30, 2026.
Is Blue Ridge Savings Bank, Inc. profitable?
No: it lost $2.94 million from January 1 to September 30, 2011. Its return on assets was -2.40% a year; about 1% is typical.
When did Blue Ridge Savings Bank, Inc. fail?
Oct 14, 2011. Bank Of North Carolina of Thomasville, NC took over its deposits. The estimated cost of the failure was $44.1 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.