Wachovia Bank, National Association in city_name, state_name

Wachovia Bank, National Association in Charlotte, North Carolina (NC)
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Wachovia Bank, National Association - Overview

General
FDIC Certificate #: 33869
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank, National Association (#3511)
Federal Reserve ID: 484422
Date Established: January 11, 1994
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3312 (Interstate: No)
FDIC's unique #: 48177
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: January 11, 1994
Last Structure Change Effective Date: March 20, 2010
Last Structure Change Process Date: April 01, 2010
Last Data Update: April 01, 2010
Data Source Date: April 05, 2012
Location
Address: 301 South College Street, Charlotte, NC 28288
County: Mecklenburg
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): Charlotte-Gastonia-Rock Hill, NC-SC (#1520)
Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
Core Based Statistical Area (CBSA): Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
CBSA Metro Statistical Area: Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
Financial Summary
Total assets: $510,083.0 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, 2009)

Dollar figures in thousands
79,791Total employees (full-time equivalent)
$510,083,000Total assets
$12,602,000Cash and due from depository institutions
$2,659,000Interest-bearing balances
$69,899,000Securities
$2,554,000Federal funds sold & reverse repurchase agreements
$327,474,000Net loans & leases
$8,861,000Loan loss allowance
$24,189,000Trading account assets
$4,013,000Bank premises and fixed assets
$1,084,000Other real estate owned
$21,852,000Goodwill and other intangibles
$12,998,000Life insurance assets
$46,416,000All other assets
$510,083,000Total liabilities and capital
$441,054,000Total liabilities
$355,574,000Total deposits
$282,579,000Interest-bearing deposits
$321,167,000Deposits held in domestic offices
57.65%% insured (estimated)
$15,997,000Federal funds purchased & repurchase agreements
$5,592,000Trading liabilities
$29,364,000Other borrowed funds
$16,917,000Subordinated debt
$17,610,000All other liabilities
$69,029,000Total equity capital
$69,029,000Total bank equity capital
$67,340,000Perpetual preferred stock
$0Common stock
$455,000Surplus
$61,891,000Undivided profits
Memoranda
$4,994,000Noncurrent loans and leases
$173,644,000Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,689,000Income earned, not collected on loans
$21,626,000Earning assets
$510,000Long-term assets (5+ years)
$2,531,000Average Assets, year-to-date
$412,394,000Average Assets, quarterly
$143,706,000Volatile liabilities
$560,752,400Insider loans
$514,236,000FHLB advances
$91,319,000Loans and leases held for sale
$18,000Unused loan commitments
$0Tier 1 (core) risk-based capital
$2,446,901,000Tier 2 risk-based capital
$3,008,000Total risk weighted assets
$173,644,000Total unused commitments
$1,213,000Restructured Loans and leases
$20,782,000Derivatives
$22,807,000Total assets and liabilities in foreign offices

Income and Expense (December 31, 2009)

Dollar figures in thousands
$20,388,000Total interest income
$3,649,000Total interest expense
$16,739,000Net interest income
$5,926,000Provision for loan and lease losses
$8,736,000Total noninterest income
$613,000Fiduciary activities
$2,526,000Service charges on deposit accounts
$752,000Trading account gains & fees
$4,845,000Additional noninterest income
$14,252,000Total noninterest expense
$6,495,000Salaries and employee benefits
$1,937,000Premises and equipment expense
$5,820,000Additional noninterest expense
$5,297,000Pre-tax net operating income
$383,000Securities gains (losses)
$1,365,000Applicable income taxes
$4,315,000Income before extraordinary items
$0Extraordinary gains - net
$4,247,000Net income attributable to bank
$68,000Net charge-offs
$4,315,000Cash dividends
$4,369,000Sale, conversion, retirement of capital stock, net
$1,750,000Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.42%Yield on earning assets
0.79%Cost of funding earning assets
3.63%Net interest margin
1.89%Noninterest income to earning assets
3.09%Noninterest expense to earning assets
0.72%Net operating income to assets
0.76%Return on assets (ROA)
1.00%Pretax return on assets
6.66%Return on equity (ROE)
3.91%Retained earnings to average equity (YTD only)
1.21%Net charge-offs to loans
135.64%Credit loss provision to net charge-offs
2.57%Efficiency ratio
47,564Assets per employee
6.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
41.21%Loss allowance to loans
2.63%Loss allowance to noncurrent loans
40.97%Noncurrent assets plus other real estate owned to assets
4.45%Noncurrent loans to loans
6.43%Net loans and leases to deposits
92.10%Net loans and leases to core deposits
110.43%Equity capital to assets
13.20%Core capital (leverage) ratio
8.23%Tier 1 risk-based capital ratio
8.97%Total risk-based capital ratio
Memoranda
$14Average assets
$560,752,400Average earning assets
$63,810,800Average equity
$461,323,200Average loans

Total Fiduciary and Related Assets (December 31, 2009)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$150,257,000Managed Assets
1Number of Accounts
$58,837,000Personal trust and agency accounts
$29,077,000Employee benefit-defined contribution accounts
$184,000Employee benefit-defined benefit accounts
$1,945,000Other retirement accounts
$4,863,000Corporate trust and agency accounts
$9,000Investment management agency accounts
$15,962,000Other fiduciary accounts
$6,797,000Fiduciary accounts held in foreign offices
$0Non-managed Assets
58222Number of Accounts
$341,000Personal trust and agency accounts
$1,594,000Employee benefit-defined contribution accounts
$6,766,000Employee benefit-defined benefit accounts
$91,420,000Other retirement accounts
$3,037,000Corporate trust and agency accounts
$48,641,000Other fiduciary accounts
$14,208,000Fiduciary accounts held in foreign offices

Bank Assets Sold and Securitized (December 31, 2009)

Dollar figures in thousands
Principal balance with servicing or other recourse retained
$2,006,0001-4 family residential loans
$4,752,000Home equity lines
$0Credit cards receivables
$2,471,000Auto loans
$2,544,000Other consumer loans
$7,000Commercial and industrial loans
$99,615,000All other loans and all leases
Past due loan amounts 30-89 days (included in principal balance)
$74,0001-4 family residential loans
$66,000>Home equity lines
$0Credit cards receivables
$93,000Auto loans
$124,000Other consumer loans
$0Commercial and industrial loans
$5,161,000All other loans and all leases
Past due loan amounts 90 days or more (included in principal balance)
$109,0001-4 family residential loans
$112,000>Home equity lines
$0Credit cards receivables
$7,000Auto loans
$88,000Other consumer loans
$0Commercial and industrial loans
$5,418,000All other loans and all leases
Charge-offs on Assets Sold and Securitized (included in principal balance and YTD only)
$32,0001-4 family residential loans
$96,000>Home equity lines
$0Credit cards receivables
$230,000Auto loans
$0Other consumer loans
$0Commercial and industrial loans
$175,000All other loans and all leases
Recoveries on Assets Sold and Securitized (included in principal balance and YTD only)
$01-4 family residential loans
$0>Home equity lines
$0Credit cards receivables
$0Auto loans
$0Other consumer loans
$0Commercial and industrial loans
$9,000All other loans and all leases

Wachovia Bank, National Association in Charlotte, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

Wachovia Bank, National Association - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Total Fiduciary and Related Assets (December 31, 2009)

Bank Assets Sold and Securitized (December 31, 2009)

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

Wachovia Bank, National Association in Charlotte, North Carolina (NC)Overview, Financial Summary, Detailed Financial Reports, Branches

Wachovia Bank, National Association - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Total Fiduciary and Related Assets (December 31, 2009)

Bank Assets Sold and Securitized (December 31, 2009)

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

Wachovia Bank, National Association in Charlotte, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches