FDIC Certificate #: 34571 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of America, National Association (#3510) Federal Reserve ID: 2577494 Date Established: May 20, 1997 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 14460 FDIC's unique #: 60628 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: May 20, 1997 Last Structure Change Effective Date: November 02, 2009 Last Structure Change Process Date: November 18, 2009 Last Data Update: November 18, 2009 Data Source Date: April 05, 2012
Location
Address: 4 World Financial Center, 250 Vesey Street, New York, NY 10080 County: New York Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: Washington FDIC Field Office: Jamesburg Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): New York, NY (#5600) Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70) Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408) Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620) CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620) Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
Financial Summary
Total assets: $38,413.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
2,671Total employees (full-time equivalent)
$37,986,413Total assets
$4,982,388Cash and due from depository institutions
$12,421Interest-bearing balances
$640,401Securities
$0Federal funds sold & reverse repurchase agreements
$27,811,482Net loans & leases
$240,518Loan loss allowance
$6,032Trading account assets
$141,400Bank premises and fixed assets
$20,230Other real estate owned
$1,646,965Goodwill and other intangibles
$194,665Life insurance assets
$2,737,515All other assets
$37,986,413Total liabilities and capital
$33,591,469Total liabilities
$28,539,028Total deposits
$24,692,827Interest-bearing deposits
$28,539,028Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,366,607Other borrowed funds
$66,682Subordinated debt
$619,152All other liabilities
$4,394,944Total equity capital
$4,394,944Total bank equity capital
$4,394,944Perpetual preferred stock
$0Common stock
$21,120Surplus
$6,047,355Undivided profits
Memoranda
$-1,673,531Noncurrent loans and leases
$10,898,064Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$209,147Earning assets
$0Long-term assets (5+ years)
$106,005Average Assets, year-to-date
$28,470,336Average Assets, quarterly
$0Volatile liabilities
$34,753,776Insider loans
$36,915,989FHLB advances
$7,282,827Loans and leases held for sale
$117Unused loan commitments
$4,208,257Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,898,064Total unused commitments
$20,230Restructured Loans and leases
$249,838Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$1,544,138Total interest income
$723,863Total interest expense
$820,275Net interest income
$378,636Provision for loan and lease losses
$457,115Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
-$4,525Trading account gains & fees
$461,640Additional noninterest income
$893,741Total noninterest expense
$404,806Salaries and employee benefits
$115,535Premises and equipment expense
$373,400Additional noninterest expense
$5,013Pre-tax net operating income
-$56,120Securities gains (losses)
-$19,256Applicable income taxes
-$31,851Income before extraordinary items
-$96,024Extraordinary gains - net
-$127,875Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$44,201Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.37%Yield on earning assets
2.52%Cost of funding earning assets
2.85%Net interest margin
1.59%Noninterest income to earning assets
3.11%Noninterest expense to earning assets
0.01%Net operating income to assets
-0.37%Return on assets (ROA)
-0.42%Pretax return on assets
-3.01%Return on equity (ROE)
-3.01%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
856.62%Credit loss provision to net charge-offs
8.68%Efficiency ratio
66,454Assets per employee
14.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.86%Loss allowance to noncurrent loans
115.00%Noncurrent assets plus other real estate owned to assets
0.60%Noncurrent loans to loans
0.75%Net loans and leases to deposits
97.45%Net loans and leases to core deposits
108.54%Equity capital to assets
11.57%Core capital (leverage) ratio
7.31%Tier 1 risk-based capital ratio
10.41%Total risk-based capital ratio
Memoranda
$11Average assets
$34,753,776Average earning assets
$4,252,223Average equity
$28,773,735Average loans
Total Fiduciary and Related Assets (December 31, 2008)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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