First Federal Savings Bank in city_name, state_name - Detailed Financial Reports, Location

First Federal Savings Bank in Winston-Salem, North Carolina (NC)
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First Federal Savings Bank - Overview

General
FDIC Certificate #: 28882
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Southern National Bank of North Carolina (#4899)
Federal Reserve ID: 19374
Date Established: April 01, 1934
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 2553
FDIC's unique #: 41716
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: October 29, 1934
Last Structure Change Effective Date: January 29, 1993
Last Structure Change Process Date: Febuary 04, 1993
Last Data Update: Febuary 04, 1993
Data Source Date: April 05, 2012
Location
Address: 230 North Cherry Street, Winston-Salem, NC 27101
County: Forsyth
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): Winston-Salem, NC (#49180)
CBSA Metro Statistical Area: Winston-Salem, NC (#49180)
Financial Summary
Total assets: $398.5 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$76Total assets
$398,519Cash and due from depository institutions
$33,303Interest-bearing balances
$31,792Securities
$182,861Federal funds sold & reverse repurchase agreements
$525Net loans & leases
$172,128Loan loss allowance
$2,626Trading account assets
$0Bank premises and fixed assets
$2,284Other real estate owned
$76Goodwill and other intangibles
$7,342Life insurance assets
$0All other assets
$0Total liabilities and capital
$398,519Total liabilities
$351,070Total deposits
$341,972Interest-bearing deposits
$336,533Deposits held in domestic offices
341972.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,320Subordinated debt
$0All other liabilities
$7,778Total equity capital
$7,778Total bank equity capital
$47,449Perpetual preferred stock
$0Common stock
$0Surplus
$14,919Undivided profits
Memoranda
$32,530Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$303Income earned, not collected on loans
$1,178Earning assets
$387,306Long-term assets (5+ years)
$0Average Assets, year-to-date
$397,857Average Assets, quarterly
$398,786Volatile liabilities
$45,897Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$9,720Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$47,449Total risk weighted assets
$152,917Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$31,998Total interest expense
$18,194Net interest income
$13,804Provision for loan and lease losses
$562Total noninterest income
$1,250Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$1,250Total noninterest expense
$10,225Salaries and employee benefits
$5,129Premises and equipment expense
$701Additional noninterest expense
$4,395Pre-tax net operating income
$4,267Securities gains (losses)
$48Applicable income taxes
$7,033Income before extraordinary items
-$2,718Extraordinary gains - net
$0Net income attributable to bank
-$2,718Net charge-offs
$202Cash dividends
$2,000Sale, conversion, retirement of capital stock, net
$6,921Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.28%Cost of funding earning assets
4.71%Net interest margin
3.57%Noninterest income to earning assets
0.32%Noninterest expense to earning assets
2.65%Net operating income to assets
-0.69%Return on assets (ROA)
-0.68%Pretax return on assets
1.08%Return on equity (ROE)
-5.38%Retained earnings to average equity (YTD only)
-9.35%Net charge-offs to loans
0.11%Credit loss provision to net charge-offs
278.22%Efficiency ratio
67,922Assets per employee
5.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
-73.58%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
866.67%Noncurrent assets plus other real estate owned to assets
0.10%Noncurrent loans to loans
0.17%Net loans and leases to deposits
50.33%Net loans and leases to core deposits
57.88%Equity capital to assets
11.91%Core capital (leverage) ratio
11.91%Tier 1 risk-based capital ratio
31.03%Total risk-based capital ratio
Memoranda
$32Average assets
$397,857Average earning assets
$50,481Average equity
$386,271Average loans

First Federal Savings Bank in Winston-Salem, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Savings Bank - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

First Federal Savings Bank in Winston-Salem, North Carolina (NC)Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Savings Bank - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

First Federal Savings Bank in Winston-Salem, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches