First Federal Savings and Loan Association of Valdosta in city_name, state_name

First Federal Savings and Loan Association of Valdosta in Valdosta, Georgia (GA)
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First Federal Savings and Loan Association of Valdosta - Overview

General
FDIC Certificate #: 29164
Status: Active
Federal Reserve ID: 828174
Date Established: September 01, 1934
WWW: http://www.1stfederalvaldosta.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 3019
FDIC's unique #: 41998
Numeric code: 38
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: November 05, 1934
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
Location
Address: 411 N Patterson St, Valdosta, GA 31601
County: Lowndes
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Albany Ga
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Valdosta, GA (#46660)
CBSA Metro Statistical Area: Valdosta, GA (#46660)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $169.3 mil
Equity capital: $27.9 mil
Deposits held in domestic offices: $124.5 mil
Return on assets (ROA): 0.16% ($0.3 mil)
Quarterly return on assets: -0.14% (-$0.2 mil)
Return on Equity (ROE): 0.97% ($0.3 mil)
Quarterly return on equity: -0.85% (-$0.2 mil)
Net income: $0.3 mil
Quarterly Net income: -$0.1 mil
Pretax return on assets: 0.16% ($270.9 mil)
Quarterly Pretax return on assets: -0.31% (-$524.8 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, 2011)

Dollar figures in thousands
39Total employees (full-time equivalent)
$169,286Total assets
$16,420Cash and due from depository institutions
$15,732Interest-bearing balances
$850Securities
$0Federal funds sold & reverse repurchase agreements
$138,581Net loans & leases
$367Loan loss allowance
$0Trading account assets
$2,368Bank premises and fixed assets
$1,267Other real estate owned
$0Goodwill and other intangibles
$169,286Life insurance assets
$9,800All other assets
$141,420Total liabilities and capital
$124,481Total liabilities
$121,659Total deposits
$124,481Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$15,000Trading liabilities
$0Other borrowed funds
$1,939Subordinated debt
$27,866All other liabilities
$27,866Total equity capital
$27,866Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$27,866Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$6,832Income earned, not collected on loans
$0Earning assets
$616Long-term assets (5+ years)
$155,163Average Assets, year-to-date
$0Average Assets, quarterly
$171,555Volatile liabilities
$170,094Insider loans
$105,957FHLB advances
$169,274Loans and leases held for sale
$6,857Unused loan commitments
$0Tier 1 (core) risk-based capital
$27,854Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$8,353Restructured Loans and leases
$2,491Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$7,990Total interest income
$2,227Total interest expense
$5,763Net interest income
$296Provision for loan and lease losses
$744Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$744Additional noninterest income
$5,936Total noninterest expense
$3,740Salaries and employee benefits
$518Premises and equipment expense
$1,678Additional noninterest expense
$275Pre-tax net operating income
$1Securities gains (losses)
$7Applicable income taxes
$269Income before extraordinary items
$0Extraordinary gains - net
$269Net income attributable to bank
$0Net charge-offs
$269Cash dividends
$201Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.09%Yield on earning assets
1.42%Cost of funding earning assets
3.67%Net interest margin
0.47%Noninterest income to earning assets
3.78%Noninterest expense to earning assets
0.16%Net operating income to assets
0.16%Return on assets (ROA)
0.16%Pretax return on assets
0.97%Return on equity (ROE)
0.97%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
147.26%Credit loss provision to net charge-offs
2.84%Efficiency ratio
91,225Assets per employee
4.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.26%Loss allowance to noncurrent loans
5.37%Noncurrent assets plus other real estate owned to assets
4.78%Noncurrent loans to loans
4.92%Net loans and leases to deposits
111.33%Net loans and leases to core deposits
117.98%Equity capital to assets
16.46%Core capital (leverage) ratio
16.45%Tier 1 risk-based capital ratio
26.29%Total risk-based capital ratio
Memoranda
$27Average assets
$171,555Average earning assets
$27,770Average equity
$156,915Average loans

List of branches

3 Georgia Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	41998	First Federal Savings And Loan Assoc	411 N Patterson St, Valdosta, GA 31601	September 01, 1934	Full Service Brick and Mortar
100	273270	2728 North Oak Street Branch	2728 North Oak Street, Valdosta, GA 31601	September 01, 1934	Full Service Brick and Mortar
101	359100	Lakes Blvd. Branch	801 Lakes Blvd., Lake Park, GA 31636	March 09, 2000	Full Service Brick and Mortar

First Federal Savings and Loan Association of Valdosta in Valdosta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Savings and Loan Association of Valdosta - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

First Federal Savings and Loan Association of Valdosta in Valdosta, Georgia (GA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Savings and Loan Association of Valdosta - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

First Federal Savings and Loan Association of Valdosta in Valdosta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches