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


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

  • General
  • FDIC Certificate #: 27619
    Status: Active
    Federal Reserve ID: 864471
    Date Established: January 01, 1903
    WWW: http://www.piedmontfederal.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 7
    FDIC's unique #: 40453
    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: June 08, 1935
    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: 16 W 3rd St, 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)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $936.9 mil
    Equity capital: $210.6 mil
    Deposits held in domestic offices: $719.9 mil
    Return on assets (ROA): 0.42% ($3.9 mil)
    Quarterly return on assets: 0.42% ($3.9 mil)
    Return on Equity (ROE): 1.87% ($3.9 mil)
    Quarterly return on equity: 1.85% ($3.9 mil)
    Net income: $3.9 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 0.69% ($6,464.7 mil)
    Quarterly Pretax return on assets: 0.65% ($6,090.0 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
  • 117Total employees (full-time equivalent)
  • $936,919Total assets
  • $134,301Cash and due from depository institutions
  • $131,750Interest-bearing balances
  • $244,566Securities
  • $10,447Federal funds sold & reverse repurchase agreements
  • $524,863Net loans & leases
  • $879Loan loss allowance
  • $0Trading account assets
  • $15,184Bank premises and fixed assets
  • $126Other real estate owned
  • $352Goodwill and other intangibles
  • $936,919Life insurance assets
  • $7,080All other assets
  • $726,289Total liabilities and capital
  • $719,925Total liabilities
  • $714,807Total deposits
  • $719,925Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $371Trading liabilities
  • $0Other borrowed funds
  • $5,993Subordinated debt
  • $210,630All other liabilities
  • $210,630Total equity capital
  • $210,630Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $210,630Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,109Income earned, not collected on loans
  • $0Earning assets
  • $2,223Long-term assets (5+ years)
  • $911,626Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $929,489Volatile liabilities
  • $936,849Insider loans
  • $337,767FHLB advances
  • $935,923Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $209,898Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $23,849Restructured Loans and leases
  • $584Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $34,414Total interest income
  • $11,819Total interest expense
  • $22,595Net interest income
  • $523Provision for loan and lease losses
  • $359Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $359Additional noninterest income
  • $16,035Total noninterest expense
  • $9,947Salaries and employee benefits
  • $2,261Premises and equipment expense
  • $3,827Additional noninterest expense
  • $6,396Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,504Applicable income taxes
  • $3,892Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,892Net income attributable to bank
  • $0Net charge-offs
  • $3,892Cash dividends
  • $415Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.80%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 2.49%Net interest margin
  • 0.04%Noninterest income to earning assets
  • 1.77%Noninterest expense to earning assets
  • 0.42%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 0.69%Pretax return on assets
  • 1.87%Return on equity (ROE)
  • 1.87%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 126.02%Credit loss provision to net charge-offs
  • 16.67%Efficiency ratio
  • 68,868Assets per employee
  • 8.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.17%Loss allowance to noncurrent loans
  • 41.68%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.40%Net loans and leases to deposits
  • 72.91%Net loans and leases to core deposits
  • 78.46%Equity capital to assets
  • 22.48%Core capital (leverage) ratio
  • 22.43%Tier 1 risk-based capital ratio
  • 62.14%Total risk-based capital ratio
  • Memoranda
  • $62Average assets
  • $929,489Average earning assets
  • $208,654Average equity
  • $906,286Average loans

List of branches

  • 10 North Carolina Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    040453Piedmont Federal Savings Bank16 W 3rd St, Winston Salem, NC 27101January 01, 1903Full Service Brick and Mortar
    1262382Kernersville Branch505 Pineview Drive, Kernersville, NC 27284January 01, 1903Full Service Brick and Mortar
    2262383Hanes Mill Branch5189 Northern Quarters Drive, Winston Salem, NC 27105January 01, 1903Full Service Brick and Mortar
    3262384Southpark Branch1040 Southpark Boulevard, Winston Salem, NC 27127January 01, 1903Full Service Brick and Mortar
    4262385Stratford Road Branch275 South Stratford Road, Winston Salem, NC 27103January 01, 1903Full Service Brick and Mortar
    5262386Peace Haven Branch2095 Peace Haven Road, Winston Salem, NC 27106January 01, 1903Full Service Brick and Mortar
    6262387Boone Branch1399 Blowing Rock Road, Boone, NC 28607January 01, 1903Full Service Brick and Mortar
    100262389North Wilkesboro Avenue Branch200 Wilkesboro Avenue, North Wilkesboro, NC 28659January 01, 1903Full Service Brick and Mortar
    101262390Clemmons Branch3701 Clemmons Rd., Clemmons, NC 27012January 01, 1903Full Service Brick and Mortar
    102262391Reynolda Road Branch2915 Reynolda Road, Winston Salem, NC 27106June 30, 1988Full Service Brick and Mortar

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