This institution is no longer active

Operations ceased on January 31, 2010. CRA examination history below reflects the period it was active.

INDUSTRIAL FEDERAL SAVINGS BANK

LEXINGTON, NC · Supervised by OTS

Est. 1928FDIC #28,440

Outstanding Same

Current rating · Exam: November 2004

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At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Is this bank safe?

INDUSTRIAL FEDERAL SAVINGS BANK earned an Outstanding CRA rating (2004).

Institution Profile

FDIC BankFind

Address

107 West Center Street, LEXINGTON, NC

County

Davidson County

Established

January 1, 1928

Total Assets

$174M(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

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

November 15, 2004

Exam Type

Small Bank

Regulator

OTS

What is a CRA rating? →

⚠️This exam is 21 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)

Download Evaluation Report (PDF)

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2019	219	61.64%	23.29%
2018	268	48.13%	28.36%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Small bank avg: 6.90% · above-average shown in red

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
Nov 2004	Outstanding	Small Bank
Feb 1999	Outstanding	Small Bank
Nov 1996	Satisfactory	Small Bank

2 previous ratings locked — back to 1992

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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