FDIC Certificate #: 27640 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Union National Bank (#4885) Federal Reserve ID: 207078 Date Established: January 01, 1903 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 35 FDIC's unique #: 40474 Numeric code: 33 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: August 20, 1956 Last Structure Change Effective Date: January 11, 1996 Last Structure Change Process Date: January 23, 1996 Last Data Update: January 23, 1996 Data Source Date: April 05, 2012
Location
Address: 219 Fayetteville Street Mall, Raleigh, NC 27601 County: Wake 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): Raleigh-Cary, NC (#39580) CBSA Metro Statistical Area: Raleigh-Cary, NC (#39580)
Financial Summary
Total assets: $786.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1995)
Dollar figures in thousands
0Total employees (full-time equivalent)
$0Total assets
$786,310Cash and due from depository institutions
$25,989Interest-bearing balances
$5,635Securities
$186,333Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$543,990Loan loss allowance
$3,138Trading account assets
$0Bank premises and fixed assets
$7,870Other real estate owned
$2,064Goodwill and other intangibles
$17,195Life insurance assets
$2,869All other assets
$0Total liabilities and capital
$786,310Total liabilities
$716,136Total deposits
$644,356Interest-bearing deposits
$644,356Deposits held in domestic offices
644356.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$66,277Subordinated debt
$0All other liabilities
$5,503Total equity capital
$5,503Total bank equity capital
$70,174Perpetual preferred stock
$0Common stock
$3,450Surplus
$26,314Undivided profits
Memoranda
$40,410Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,469Earning assets
$735,958Long-term assets (5+ years)
$0Average Assets, year-to-date
$798,958Average Assets, quarterly
$790,116Volatile liabilities
$66,277Insider loans
$0FHLB advances
$55,748Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$70,174Total risk weighted assets
$450,000Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 1995)
Dollar figures in thousands
$0Total interest income
$61,402Total interest expense
$34,901Net interest income
$26,501Provision for loan and lease losses
$550Total noninterest income
$3,660Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$3,660Total noninterest expense
$24,077Salaries and employee benefits
$12,359Premises and equipment expense
$4,661Additional noninterest expense
$7,057Pre-tax net operating income
$5,534Securities gains (losses)
$211Applicable income taxes
$2,510Income before extraordinary items
$3,235Extraordinary gains - net
$0Net income attributable to bank
$3,235Net charge-offs
$297Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1995)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.28%Cost of funding earning assets
4.70%Net interest margin
3.57%Noninterest income to earning assets
0.49%Noninterest expense to earning assets
3.25%Net operating income to assets
0.39%Return on assets (ROA)
0.40%Pretax return on assets
0.72%Return on equity (ROE)
4.84%Retained earnings to average equity (YTD only)
4.84%Net charge-offs to loans
0.06%Credit loss provision to net charge-offs
185.19%Efficiency ratio
77,733Assets per employee
0.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.57%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.00%Net loans and leases to deposits
84.42%Net loans and leases to core deposits
84.42%Equity capital to assets
8.92%Core capital (leverage) ratio
8.92%Tier 1 risk-based capital ratio
15.59%Total risk-based capital ratio
Memoranda
$16Average assets
$798,958Average earning assets
$66,890Average equity
$741,855Average loans
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