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

This bank is inactive as of April 01, 2002

  • Wachovia Bank, National Association in Winston-Salem, North Carolina (NC)
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Wachovia Bank, National Association - Overview

  • General
  • FDIC Certificate #: 817
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wachovia Bank, National Association (#33869)
    Federal Reserve ID: 392620
    Date Established: January 01, 1879
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 780 (Interstate: No)
    FDIC's unique #: 514
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 01, 2002
    Last Structure Change Process Date: April 30, 2002
    Last Data Update: April 30, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 North Main Street, 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)
  • Financial Summary
  • Total assets: $72,117.5 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, 2001)

  • Dollar figures in thousands
  • 12,210Total employees (full-time equivalent)
  • $71,555,121Total assets
  • $4,415,760Cash and due from depository institutions
  • $650,642Interest-bearing balances
  • $7,419,462Securities
  • $167,423Federal funds sold & reverse repurchase agreements
  • $46,240,808Net loans & leases
  • $756,033Loan loss allowance
  • $722,364Trading account assets
  • $920,948Bank premises and fixed assets
  • $17,806Other real estate owned
  • $8,991,321Goodwill and other intangibles
  • $0Life insurance assets
  • $2,659,229All other assets
  • $71,555,121Total liabilities and capital
  • $57,884,155Total liabilities
  • $46,311,053Total deposits
  • $36,363,527Interest-bearing deposits
  • $42,684,201Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,955,746Federal funds purchased & repurchase agreements
  • $633,696Trading liabilities
  • $3,912,732Other borrowed funds
  • $2,604,790Subordinated debt
  • $1,466,138All other liabilities
  • $13,670,966Total equity capital
  • $13,670,966Total bank equity capital
  • $13,670,966Perpetual preferred stock
  • $0Common stock
  • $53,182Surplus
  • $13,344,925Undivided profits
  • Memoranda
  • $272,859Noncurrent loans and leases
  • $44,509,772Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $550,422Earning assets
  • $52Long-term assets (5+ years)
  • $281,337Average Assets, year-to-date
  • $54,478,335Average Assets, quarterly
  • $11,352,723Volatile liabilities
  • $69,879,935Insider loans
  • $72,409,674FHLB advances
  • $10,388,204Loans and leases held for sale
  • $446,174Unused loan commitments
  • $2,715,789Tier 1 (core) risk-based capital
  • $43,298,793Tier 2 risk-based capital
  • $626,273Total risk weighted assets
  • $44,509,772Total unused commitments
  • $0Restructured Loans and leases
  • $2,950,909Derivatives
  • $965,818Total assets and liabilities in foreign offices

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $1,207,564Total interest income
  • $424,592Total interest expense
  • $782,972Net interest income
  • $123,116Provision for loan and lease losses
  • $413,508Total noninterest income
  • $65,011Fiduciary activities
  • $150,792Service charges on deposit accounts
  • $22,991Trading account gains & fees
  • $174,714Additional noninterest income
  • $763,314Total noninterest expense
  • $327,571Salaries and employee benefits
  • $88,228Premises and equipment expense
  • $347,515Additional noninterest expense
  • $310,050Pre-tax net operating income
  • -$99Securities gains (losses)
  • $100,248Applicable income taxes
  • $209,703Income before extraordinary items
  • $0Extraordinary gains - net
  • $209,703Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $128,694Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.08%Yield on earning assets
  • 0.73%Cost of funding earning assets
  • 1.35%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 1.31%Noninterest expense to earning assets
  • 0.30%Net operating income to assets
  • 0.30%Return on assets (ROA)
  • 0.44%Pretax return on assets
  • 2.22%Return on equity (ROE)
  • 2.22%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 95.67%Credit loss provision to net charge-offs
  • 3.37%Efficiency ratio
  • 46,175Assets per employee
  • 5.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.61%Loss allowance to noncurrent loans
  • 137.36%Noncurrent assets plus other real estate owned to assets
  • 0.79%Noncurrent loans to loans
  • 1.17%Net loans and leases to deposits
  • 99.85%Net loans and leases to core deposits
  • 116.37%Equity capital to assets
  • 19.11%Core capital (leverage) ratio
  • 8.55%Tier 1 risk-based capital ratio
  • 7.83%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $69,879,935Average earning assets
  • $9,435,069Average equity
  • $58,151,131Average loans

Total Fiduciary and Related Assets (December 31, 2001)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $55,867,886Managed Assets
  • 1Number of Accounts
  • $33,330,107Personal trust and agency accounts
  • $24,142,682Employee benefit-defined contribution accounts
  • $689,567Employee benefit-defined benefit accounts
  • $3,856,444Other retirement accounts
  • $4,327,697Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $313,717Non-managed Assets
  • 27240Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $22,537,779Other retirement accounts
  • $10,588,646Corporate trust and agency accounts
  • $1,081,681Other fiduciary accounts
  • $8,935,682Fiduciary accounts held in foreign offices

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