First American Federal Savings Bank in Greensboro, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 08, 1993

  • First American Federal Savings Bank in Greensboro, North Carolina (NC)
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First American Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 33608
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: RBC Bank (USA) (#33184)
    Federal Reserve ID: 394174
    Date Established: June 05, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 9982
    FDIC's unique #: 47662
    Numeric code: 34
    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: June 05, 1992
    Last Structure Change Effective Date: October 08, 1993
    Last Structure Change Process Date: October 20, 1993
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 2506 Randleman Road, Greensboro, NC 27406
    County: Guilford
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Charlotte
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Greensboro--Winston-Salem--High Point, NC (#3120)
    Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
    Core Based Statistical Area (CBSA): Greensboro-High Point, NC (#24660)
    CBSA Metro Statistical Area: Greensboro-High Point, NC (#24660)
  • History of Changes
  • Pass Through Receivership Merger
    Office Sold
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $337.6 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $240Total assets
  • $481,786Cash and due from depository institutions
  • $171,295Interest-bearing balances
  • $156,739Securities
  • $20,477Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $247,496Loan loss allowance
  • $6,673Trading account assets
  • $0Bank premises and fixed assets
  • $12,487Other real estate owned
  • $6,337Goodwill and other intangibles
  • $23,694Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $481,786Total liabilities
  • $526,454Total deposits
  • $486,334Interest-bearing deposits
  • $474,113Deposits held in domestic offices
  • 486334.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $40,120Total equity capital
  • $40,120Total bank equity capital
  • $-44,668Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-44,668Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,379Income earned, not collected on loans
  • $2,886Earning assets
  • $424,712Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $571,982Average Assets, quarterly
  • $513,653Volatile liabilities
  • $9,673Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $537Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-44,742Total risk weighted assets
  • $292,506Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $22,753Total interest expense
  • $16,507Net interest income
  • $6,246Provision for loan and lease losses
  • -$247Total noninterest income
  • $5,615Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $5,615Total noninterest expense
  • $13,736Salaries and employee benefits
  • $3,683Premises and equipment expense
  • $1,705Additional noninterest expense
  • $8,348Pre-tax net operating income
  • -$1,628Securities gains (losses)
  • $5,127Applicable income taxes
  • $4,196Income before extraordinary items
  • -$697Extraordinary gains - net
  • $0Net income attributable to bank
  • -$697Net charge-offs
  • $685Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 4.48%Cost of funding earning assets
  • 3.25%Net interest margin
  • 1.23%Noninterest income to earning assets
  • 1.11%Noninterest expense to earning assets
  • 2.71%Net operating income to assets
  • -0.70%Return on assets (ROA)
  • -0.12%Pretax return on assets
  • 0.61%Return on equity (ROE)
  • 1.60%Retained earnings to average equity (YTD only)
  • 1.60%Net charge-offs to loans
  • 0.21%Credit loss provision to net charge-offs
  • -36.06%Efficiency ratio
  • 115,808Assets per employee
  • 2.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.63%Loss allowance to noncurrent loans
  • 49.88%Noncurrent assets plus other real estate owned to assets
  • 4.09%Noncurrent loans to loans
  • 5.26%Net loans and leases to deposits
  • 50.89%Net loans and leases to core deposits
  • 51.92%Equity capital to assets
  • -9.27%Core capital (leverage) ratio
  • -9.30%Tier 1 risk-based capital ratio
  • -15.30%Total risk-based capital ratio
  • Memoranda
  • -$15Average assets
  • $571,982Average earning assets
  • -$43,650Average equity
  • $507,580Average loans

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