First Federal Savings and Loan Association of Durham in Durham, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 31, 1994

  • First Federal Savings and Loan Association of Durham in Durham, North Carolina (NC)
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First Federal Savings and Loan Association of Durham - Overview

  • General
  • FDIC Certificate #: 27925
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SouthBank, a Federal Savings Bank (#33109)
    Federal Reserve ID: 685078
    Date Established: January 01, 1922
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 553
    FDIC's unique #: 40759
    Numeric code: 37
    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: November 02, 1935
    Last Structure Change Effective Date: March 31, 1994
    Last Structure Change Process Date: April 28, 1994
    Last Data Update: April 28, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 400 West Main Street, Durham, NC 27702
    County: Durham
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Raleigh
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Raleigh-Durham-Chapel Hill, NC (#6640)
    Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450)
    Core Based Statistical Area (CBSA): Durham-Chapel Hill, NC (#20500)
    CBSA Metro Statistical Area: Durham-Chapel Hill, NC (#20500)
  • Financial Summary
  • Total assets: $68.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $22Total assets
  • $68,087Cash and due from depository institutions
  • $4,730Interest-bearing balances
  • $3,550Securities
  • $16,556Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $43,266Loan loss allowance
  • $546Trading account assets
  • $0Bank premises and fixed assets
  • $1,456Other real estate owned
  • $0Goodwill and other intangibles
  • $2,079Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $68,087Total liabilities
  • $65,424Total deposits
  • $64,678Interest-bearing deposits
  • $64,018Deposits held in domestic offices
  • 64678.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $746Total equity capital
  • $746Total bank equity capital
  • $2,663Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $2,512Undivided profits
  • Memoranda
  • $51Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $384Income earned, not collected on loans
  • $237Earning assets
  • $63,372Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $67,354Average Assets, quarterly
  • $67,897Volatile liabilities
  • $2,986Insider loans
  • $301FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,115Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,533Total risk weighted assets
  • $32,908Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,050Total interest expense
  • $2,961Net interest income
  • $2,089Provision for loan and lease losses
  • $60Total noninterest income
  • $55Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $55Total noninterest expense
  • $1,533Salaries and employee benefits
  • $721Premises and equipment expense
  • $234Additional noninterest expense
  • $578Pre-tax net operating income
  • $551Securities gains (losses)
  • $48Applicable income taxes
  • $0Income before extraordinary items
  • $599Extraordinary gains - net
  • $0Net income attributable to bank
  • $599Net charge-offs
  • -$39Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.24%Cost of funding earning assets
  • 4.83%Net interest margin
  • 3.41%Noninterest income to earning assets
  • 0.09%Noninterest expense to earning assets
  • 2.50%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 0.89%Pretax return on assets
  • 0.89%Return on equity (ROE)
  • 25.13%Retained earnings to average equity (YTD only)
  • 25.13%Net charge-offs to loans
  • -0.09%Credit loss provision to net charge-offs
  • -153.85%Efficiency ratio
  • 71,502Assets per employee
  • 3.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 142.19%Noncurrent assets plus other real estate owned to assets
  • 0.56%Noncurrent loans to loans
  • 0.88%Net loans and leases to deposits
  • 66.89%Net loans and leases to core deposits
  • 70.13%Equity capital to assets
  • 3.91%Core capital (leverage) ratio
  • 3.73%Tier 1 risk-based capital ratio
  • 7.70%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $67,354Average earning assets
  • $2,384Average equity
  • $61,261Average loans

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