Wake Forest Federal Savings and Loan Association - Overview
General
FDIC Certificate #: 27704 Status: Active Federal Reserve ID: 900379 Date Established: January 01, 1922 WWW:http://www.wakeforestfederal.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 143 FDIC's unique #: 40538 Numeric code: 37 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: Commercial Lending Specialization Date of Deposit Insurance: January 25, 1956 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: 302 South Brooks Street, Wake Forest, NC 27587 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)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $115.9 mil Equity capital: $21.0 mil Deposits held in domestic offices: $93.6 mil Return on assets (ROA): 0.45% ($0.5 mil) Quarterly return on assets: 0.52% ($0.6 mil) Return on Equity (ROE): 2.45% ($0.5 mil) Quarterly return on equity: 2.90% ($0.6 mil) Net income: $0.5 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.70% ($811.6 mil) Quarterly Pretax return on assets: 0.82% ($950.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
9Total employees (full-time equivalent)
$115,937Total assets
$39,177Cash and due from depository institutions
$37,863Interest-bearing balances
$1,735Securities
$0Federal funds sold & reverse repurchase agreements
$70,699Net loans & leases
$1,285Loan loss allowance
$0Trading account assets
$265Bank premises and fixed assets
$1,312Other real estate owned
$0Goodwill and other intangibles
$115,937Life insurance assets
$2,749All other assets
$94,942Total liabilities and capital
$93,636Total liabilities
$92,363Total deposits
$93,636Interest-bearing deposits
$92Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,306Subordinated debt
$20,995All other liabilities
$20,995Total equity capital
$20,995Total bank equity capital
$0Perpetual preferred stock
$12Common stock
$5,294Surplus
$15,689Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,337Income earned, not collected on loans
$0Earning assets
$157Long-term assets (5+ years)
$110,297Average Assets, year-to-date
$0Average Assets, quarterly
$114,801Volatile liabilities
$116,223Insider loans
$67,000FHLB advances
$115,929Loans and leases held for sale
$1,341Unused loan commitments
$0Tier 1 (core) risk-based capital
$20,990Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$8,817Restructured Loans and leases
$1,166Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,167Total interest income
$1,632Total interest expense
$2,535Net interest income
$235Provision for loan and lease losses
$123Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$123Additional noninterest income
$1,621Total noninterest expense
$875Salaries and employee benefits
$165Premises and equipment expense
$581Additional noninterest expense
$802Pre-tax net operating income
$0Securities gains (losses)
$291Applicable income taxes
$511Income before extraordinary items
$0Extraordinary gains - net
$511Net income attributable to bank
$0Net charge-offs
$511Cash dividends
$86Sale, conversion, retirement of capital stock, net
$198Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.84%Yield on earning assets
1.50%Cost of funding earning assets
2.34%Net interest margin
0.11%Noninterest income to earning assets
1.49%Noninterest expense to earning assets
0.45%Net operating income to assets
0.45%Return on assets (ROA)
0.70%Pretax return on assets
2.45%Return on equity (ROE)
1.50%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
273.26%Credit loss provision to net charge-offs
12.06%Efficiency ratio
60,986Assets per employee
12.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
38.75%Loss allowance to loans
1.79%Loss allowance to noncurrent loans
54.99%Noncurrent assets plus other real estate owned to assets
3.15%Noncurrent loans to loans
3.25%Net loans and leases to deposits
75.50%Net loans and leases to core deposits
80.29%Equity capital to assets
18.11%Core capital (leverage) ratio
18.11%Tier 1 risk-based capital ratio
31.33%Total risk-based capital ratio
Memoranda
$33Average assets
$114,801Average earning assets
$20,835Average equity
$108,502Average loans
List of branches
1 North Carolina Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
40538
Wake Forest Federal Savings And Loan
302 South Brooks Street, Wake Forest, NC 27587
January 01, 1922
Full Service Brick and Mortar
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