FDIC Certificate #: 31606 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Branch Banking and Trust Company (#9846) Federal Reserve ID: 193274 Date Established: December 01, 1971 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 7245 FDIC's unique #: 44440 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: Febuary 01, 1972 Last Structure Change Effective Date: March 14, 2003 Last Structure Change Process Date: March 25, 2003 Last Data Update: March 25, 2003 Data Source Date: April 05, 2012
Location
Address: 11501 Georgia Ave, Wheaton, MD 20902 County: Montgomery Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Baltimore Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840) Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97) Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548) Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900) CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900) Core Based Statistical Division: Bethesda-Rockville-Frederick, MD (#13644)
Financial Summary
Total assets: $461.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2002)
Dollar figures in thousands
77Total employees (full-time equivalent)
$461,133Total assets
$7,716Cash and due from depository institutions
$5,981Interest-bearing balances
$121,912Securities
$2,750Federal funds sold & reverse repurchase agreements
$318,169Net loans & leases
$877Loan loss allowance
$0Trading account assets
$982Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$9,604All other assets
$461,133Total liabilities and capital
$428,462Total liabilities
$306,877Total deposits
$299,835Interest-bearing deposits
$306,877Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$120,000Other borrowed funds
$0Subordinated debt
$1,585All other liabilities
$32,671Total equity capital
$32,671Total bank equity capital
$32,671Perpetual preferred stock
$0Common stock
$14Surplus
$7,496Undivided profits
Memoranda
$25,161Noncurrent loans and leases
$50,454Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$133Earning assets
$0Long-term assets (5+ years)
$1,463Average Assets, year-to-date
$448,812Average Assets, quarterly
$0Volatile liabilities
$467,702Insider loans
$460,762FHLB advances
$175,775Loans and leases held for sale
$2,360Unused loan commitments
$120,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$50,454Total unused commitments
$0Restructured Loans and leases
$877Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$27,488Total interest income
$16,419Total interest expense
$11,069Net interest income
$90Provision for loan and lease losses
$957Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$957Additional noninterest income
$6,970Total noninterest expense
$4,014Salaries and employee benefits
$1,193Premises and equipment expense
$1,763Additional noninterest expense
$4,966Pre-tax net operating income
$445Securities gains (losses)
$2,067Applicable income taxes
$3,344Income before extraordinary items
$0Extraordinary gains - net
$3,344Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$16Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.04%Yield on earning assets
3.61%Cost of funding earning assets
2.43%Net interest margin
0.21%Noninterest income to earning assets
1.53%Noninterest expense to earning assets
0.65%Net operating income to assets
0.71%Return on assets (ROA)
1.16%Pretax return on assets
11.15%Return on equity (ROE)
11.15%Retained earnings to average equity (YTD only)
-0.00%Net charge-offs to loans
-562.50%Credit loss provision to net charge-offs
0.00%Efficiency ratio
57,958Assets per employee
5.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.27%Loss allowance to noncurrent loans
659.40%Noncurrent assets plus other real estate owned to assets
I went to VA DMV for Replacement and Substitute Titles for my deceased husband. I was told there was a lien but it was paid off and I needed to have a letter from Equitable Federal Savings Bank to receive a replacement title. I have a note from Consumer Loan Servicing Department from the Bank saying the enclosed documents in connection with the payoff of loan as: Paid & Cancelled Note. From searching the internet with help from FDIC the Bank has merged with Truist Bank. Can you help me with getting a copy of the letter stating it has been paid off dated February 27, 1990.
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