First Federal Savings Bank of Lynchburg in city_name, state_name

First Federal Savings Bank of Lynchburg in Lynchburg, Virginia (VA)
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First Federal Savings Bank of Lynchburg - Overview

General
FDIC Certificate #: 27705
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: One Valley Bank-Central Virginia, National Association (#27639)
Federal Reserve ID: 776976
Date Established: January 01, 1923
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 144
FDIC's unique #: 40539
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: June 29, 1936
Last Structure Change Effective Date: June 08, 1998
Last Structure Change Process Date: June 25, 1998
Last Data Update: June 25, 1998
Data Source Date: April 05, 2012
Location
Address: 925 Main St, Lynchburg, VA 24504
County: Lynchburg City
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Richmond
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Lynchburg, VA (#4640)
Core Based Statistical Area (CBSA): Lynchburg, VA (#31340)
CBSA Metro Statistical Area: Lynchburg, VA (#31340)
Financial Summary
Total assets: $565.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
135Total employees (full-time equivalent)
$577,200Total assets
$4,328Cash and due from depository institutions
$289Interest-bearing balances
$223,457Securities
$1,410Federal funds sold & reverse repurchase agreements
$327,261Net loans & leases
$3,351Loan loss allowance
$0Trading account assets
$5,946Bank premises and fixed assets
$0Other real estate owned
$1,498Goodwill and other intangibles
$0Life insurance assets
$13,300All other assets
$577,200Total liabilities and capital
$514,654Total liabilities
$417,547Total deposits
$406,107Interest-bearing deposits
$417,547Deposits held in domestic offices
0.00%% insured (estimated)
$15,000Federal funds purchased & repurchase agreements
$0Trading liabilities
$78,000Other borrowed funds
$0Subordinated debt
$4,107All other liabilities
$62,546Total equity capital
$62,546Total bank equity capital
$62,546Perpetual preferred stock
$0Common stock
$10Surplus
$30,528Undivided profits
Memoranda
$32,008Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$634Earning assets
$0Long-term assets (5+ years)
$2,097Average Assets, year-to-date
$552,417Average Assets, quarterly
$0Volatile liabilities
$558,239Insider loans
$572,728FHLB advances
$138,834Loans and leases held for sale
$589Unused loan commitments
$67,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$26,484Total unused commitments
$0Restructured Loans and leases
$302,011Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$43,729Total interest income
$24,104Total interest expense
$19,625Net interest income
$150Provision for loan and lease losses
$1,409Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,409Additional noninterest income
$11,379Total noninterest expense
$7,876Salaries and employee benefits
$2,228Premises and equipment expense
$1,275Additional noninterest expense
$9,505Pre-tax net operating income
$202Securities gains (losses)
$3,400Applicable income taxes
$6,307Income before extraordinary items
$0Extraordinary gains - net
$6,307Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$49Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.17%Yield on earning assets
4.50%Cost of funding earning assets
3.67%Net interest margin
0.26%Noninterest income to earning assets
2.13%Noninterest expense to earning assets
1.11%Net operating income to assets
1.13%Return on assets (ROA)
1.74%Pretax return on assets
10.65%Return on equity (ROE)
10.65%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
306.12%Credit loss provision to net charge-offs
197.04%Efficiency ratio
53,528Assets per employee
4.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.01%Loss allowance to noncurrent loans
528.55%Noncurrent assets plus other real estate owned to assets
0.11%Noncurrent loans to loans
0.19%Net loans and leases to deposits
78.38%Net loans and leases to core deposits
88.04%Equity capital to assets
10.84%Core capital (leverage) ratio
10.35%Tier 1 risk-based capital ratio
19.67%Total risk-based capital ratio
Memoranda
$21Average assets
$558,239Average earning assets
$59,218Average equity
$535,344Average loans

First Federal Savings Bank of Lynchburg in Lynchburg, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Savings Bank of Lynchburg - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

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

First Federal Savings Bank of Lynchburg in Lynchburg, Virginia (VA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Savings Bank of Lynchburg - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

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

First Federal Savings Bank of Lynchburg in Lynchburg, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches