Woodruff Federal Savings and Loan Association - Overview
General
FDIC Certificate #: 29238 Status: Active Federal Reserve ID: 661474 Date Established: December 14, 1934 WWW:http://www.woodrufffederal.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 #: 3150 FDIC's unique #: 42072 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: All Other Specialization < 1 Billion Date of Deposit Insurance: December 14, 1934 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: 247 North Main Street, Woodruff, SC 29388 County: Spartanburg Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Columbia Sc Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Greenville-Spartanburg-Anderson, SC (#3160) Combined Statistical Area (CSA): Greenville-Spartanburg-Anderson, SC (#273) Core Based Statistical Area (CBSA): Spartanburg, SC (#43900) CBSA Metro Statistical Area: Spartanburg, SC (#43900)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $97.7 mil Equity capital: $29.7 mil Deposits held in domestic offices: $66.3 mil Return on assets (ROA): 0.50% ($0.5 mil) Quarterly return on assets: 0.25% ($0.2 mil) Return on Equity (ROE): 1.63% ($0.5 mil) Quarterly return on equity: 0.81% ($0.2 mil) Net income: $0.5 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.69% ($673.9 mil) Quarterly Pretax return on assets: 0.36% ($351.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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)
$97,667Total assets
$30,320Cash and due from depository institutions
$29,868Interest-bearing balances
$4,983Securities
$0Federal funds sold & reverse repurchase agreements
$53,294Net loans & leases
$652Loan loss allowance
$0Trading account assets
$1,319Bank premises and fixed assets
$1,094Other real estate owned
$0Goodwill and other intangibles
$97,667Life insurance assets
$6,657All other assets
$67,996Total liabilities and capital
$66,333Total liabilities
$66,333Total deposits
$66,333Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,663Subordinated debt
$29,671All other liabilities
$29,671Total equity capital
$29,671Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$29,671Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,702Income earned, not collected on loans
$0Earning assets
$310Long-term assets (5+ years)
$88,145Average Assets, year-to-date
$0Average Assets, quarterly
$96,188Volatile liabilities
$97,379Insider loans
$45,334FHLB advances
$97,667Loans and leases held for sale
$5,673Unused loan commitments
$0Tier 1 (core) risk-based capital
$29,671Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,084Restructured Loans and leases
$267Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,395Total interest income
$1,006Total interest expense
$2,389Net interest income
$90Provision for loan and lease losses
$112Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$112Additional noninterest income
$1,749Total noninterest expense
$1,196Salaries and employee benefits
$308Premises and equipment expense
$245Additional noninterest expense
$662Pre-tax net operating income
$0Securities gains (losses)
$181Applicable income taxes
$481Income before extraordinary items
$0Extraordinary gains - net
$481Net income attributable to bank
$0Net charge-offs
$481Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.91%Yield on earning assets
1.16%Cost of funding earning assets
2.75%Net interest margin
0.13%Noninterest income to earning assets
2.02%Noninterest expense to earning assets
0.50%Net operating income to assets
0.50%Return on assets (ROA)
0.69%Pretax return on assets
1.63%Return on equity (ROE)
1.63%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
69,932Assets per employee
10.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.21%Loss allowance to noncurrent loans
38.31%Noncurrent assets plus other real estate owned to assets
2.86%Noncurrent loans to loans
3.16%Net loans and leases to deposits
80.34%Net loans and leases to core deposits
83.77%Equity capital to assets
30.38%Core capital (leverage) ratio
30.38%Tier 1 risk-based capital ratio
65.45%Total risk-based capital ratio
Memoranda
$67Average assets
$96,188Average earning assets
$29,464Average equity
$86,746Average loans
List of branches
1 South Carolina Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
42072
Woodruff Federal Savings And Loan As
247 North Main Street, Woodruff, SC 29388
December 14, 1934
Full Service Brick and Mortar
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