Asheville Savings Bank

ASB Bancorp, Inc. is a holding company for Asheville Savings Bank. The Company operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in the primary market area. ASB attracts deposits from the general public and uses those funds to originate primarily one-to-four family residential mortgage loans and commercial real estate loans, and, to a lesser extent, home equity loans and lines of credit, consumer loans, construction and land development loans, and commercial and industrial loans.

Type
Public
HQ
Asheville, US
Founded
1936
Size (employees)
152 (est)
Asheville Savings Bank was founded in 1936 and is headquartered in Asheville, US

Key People at Asheville Savings Bank

Suzanne DeFerie

Suzanne DeFerie

President and Chief Executive Officer

Asheville Savings Bank Office Locations

Asheville Savings Bank has offices in Asheville, Black Mountain, Brevard, Candler and in 4 other locations
Asheville, US (HQ)
11 Church St
Asheville, US
1012 Patton Ave
Asheville, US
1879 Hendersonville Rd
Asheville, US
5 Olde Eastwood Village Blvd
Asheville, US
778 Merrimon Ave
Mars Hill, US
105 N Main St
Show all (13)

Asheville Savings Bank Data and Metrics

Asheville Savings Bank Financial Metrics

Asheville Savings Bank's revenue was reported to be $8.9 m in Q1, 2017
USD

Revenue (Q1, 2017)

8.9 m

Gross profit (Q1, 2017)

8.1 m

Gross profit margin (Q1, 2017), %

91%

Net income (Q1, 2017)

1.8 m

EBIT (Q1, 2017)

6.1 m

Market capitalization (22-Aug-2017)

162.6 m

Cash (31-Mar-2017)

60.5 m
Asheville Savings Bank's current market capitalization is $162.6 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

32.9 m36.1 m

Revenue growth, %

10%

Cost of goods sold

3.5 m3.4 m

Gross profit

29.5 m32.7 m

Gross profit Margin, %

89%90%

Sales and marketing expense

14 m13.6 m

Operating expense total

14 m13.6 m

EBIT

22 m23.9 m

EBIT margin, %

67%66%

Pre tax profit

5.6 m1.7 m

Income tax expense

2 m444 k

Net Income

1.5 m2.5 m3.6 m1.2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

8.3 m8.5 m8.7 m9.2 m9.3 m8.9 m

Cost of goods sold

880 k877 k844 k854 k871 k816 k

Gross profit

7.4 m7.7 m7.9 m8.4 m8.4 m8.1 m

Gross profit Margin, %

89%90%90%91%91%91%

Sales and marketing expense

3.5 m3.5 m3.4 m3.4 m3.5 m3.3 m

Operating expense total

3.5 m3.5 m3.4 m3.4 m3.5 m3.3 m

EBIT

5.4 m5.6 m5.4 m5.8 m6.1 m6.1 m

EBIT margin, %

66%65%62%63%66%68%

Pre tax profit

1.3 m1.6 m1.7 m2.6 m2.6 m2.4 m

Income tax expense

437 k496 k601 k940 k907 k574 k

Net Income

1.3 m1.8 m622 k1.5 m2.6 m1.1 m2.8 m4.5 m1.8 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

52.8 m56.9 m33.4 m46.7 m

PP&E

12.5 m11.9 m11.6 m11.1 m

Total Assets

733 m760.1 m782.9 m795.8 m

Accounts Payable

8.4 m11.6 m11.9 m647.6 m

Total Debt

50 m

Total Liabilities

704.7 m

Additional Paid-in Capital

46.1 m34 m24.1 m20.2 m

Retained Earnings

70 m72.5 m76.1 m77.3 m

Total Equity

101.1 m94.4 m89.7 m91.1 m

Debt to Equity Ratio

0.5 x

Debt to Assets Ratio

0.1 x

Financial Leverage

7.3 x8.1 x8.7 x8.7 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

53 m55.8 m37.1 m51.6 m44.8 m60.5 m

PP&E

11.8 m11.8 m11.6 m11.5 m11.3 m11 m

Total Assets

783.3 m797.9 m783.5 m805.6 m797.2 m803.5 m

Accounts Payable

624 m635.1 m628.4 m640.7 m642.6 m682.1 m

Additional Paid-in Capital

34.2 m34.8 m23.9 m24.3 m19.8 m20 m

Retained Earnings

74 m75.1 m77.2 m78.9 m80.6 m79.1 m

Total Equity

96.2 m98.7 m92.1 m94.9 m91.3 m93.7 m

Financial Leverage

8.1 x8.1 x8.5 x8.5 x8.7 x8.6 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

1.5 m2.5 m3.6 m1.2 m

Depreciation and Amortization

1.1 m914 k816 k780 k

Cash From Operating Activities

15.1 m8.1 m9.4 m4.9 m

Purchases of PP&E

(65.2 m)(26.5 m)

Cash From Investing Activities

4.6 m(21.7 m)(49.2 m)(3.5 m)

Cash From Financing Activities

(14.3 m)17.6 m16.4 m12 m

Income Taxes Paid

687 k1.1 m2.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

1.3 m1.8 m622 k1.5 m2.6 m1.1 m2.8 m4.5 m1.8 m

Depreciation and Amortization

467 k691 k214 k421 k618 k194 k391 k585 k193 k

Cash From Operating Activities

6.6 m9.2 m1.9 m3.3 m9.6 m5.7 m8.8 m(260 k)7.7 m

Purchases of PP&E

(18.1 m)(18.1 m)(8.8 m)(52.2 m)(65.8 m)(1.1 m)(16.8 m)(29.7 m)(1.2 m)

Cash From Investing Activities

18.7 m7.9 m(8 m)(27.4 m)(42.3 m)(43 k)(641 k)4.9 m1.3 m

Cash From Financing Activities

15.7 m8.5 m9.3 m20.2 m31.6 m(2 m)10 m6.7 m4.8 m

Income Taxes Paid

281 k77 k1.2 m2.4 m
USDY, 2017

Revenue/Employee

58.3 k

Financial Leverage

8.6 x

Asheville Savings Bank Market Value History

Traffic Overview of Asheville Savings Bank

Asheville Savings Bank Online and Social Media Presence

Asheville Savings Bank Company Life and Culture

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