FDIC Certificate #: 35018 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Wachovia Bank, National Association (#33869) Federal Reserve ID: 2732761 Date Established: September 15, 1998 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 14805 FDIC's unique #: 73842 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: September 15, 1998 Last Structure Change Effective Date: June 01, 2008 Last Structure Change Process Date: June 19, 2008 Last Data Update: June 19, 2008 Data Source Date: April 05, 2012
Location
Address: Two North Jefferson, St. Louis, MO 63103 County: Saint Louis (City) Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: St. Louis Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): St. Louis, MO-IL (#7040) Combined Statistical Area (CSA): St. Louis-St. Charles-Farmington, MO-IL (#476) Core Based Statistical Area (CBSA): St. Louis, MO-IL (#41180) CBSA Metro Statistical Area: St. Louis, MO-IL (#41180)
Financial Summary
Total assets: $62.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
176Total employees (full-time equivalent)
$56,277Total assets
$21Cash and due from depository institutions
$15Interest-bearing balances
$53,513Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$305Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,438All other assets
$56,277Total liabilities and capital
$8,240Total liabilities
$500Total deposits
$500Interest-bearing deposits
$500Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$7,740All other liabilities
$48,037Total equity capital
$48,037Total bank equity capital
$48,037Perpetual preferred stock
$0Common stock
$2Surplus
$28,620Undivided profits
Memoranda
$19,415Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$133Average Assets, year-to-date
$53,528Average Assets, quarterly
$0Volatile liabilities
$48,410Insider loans
$53,560FHLB advances
$500Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$2,964Total interest income
$250Total interest expense
$2,714Net interest income
$0Provision for loan and lease losses
$36,869Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$36,869Additional noninterest income
$22,994Total noninterest expense
$17,930Salaries and employee benefits
$2,447Premises and equipment expense
$2,617Additional noninterest expense
$16,589Pre-tax net operating income
-$58Securities gains (losses)
$6,256Applicable income taxes
$10,275Income before extraordinary items
$0Extraordinary gains - net
$10,275Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.37%Yield on earning assets
0.54%Cost of funding earning assets
5.83%Net interest margin
79.17%Noninterest income to earning assets
49.38%Noninterest expense to earning assets
21.30%Net operating income to assets
21.22%Return on assets (ROA)
34.15%Pretax return on assets
23.60%Return on equity (ROE)
23.60%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
58,091Assets per employee
0.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
85.36%Core capital (leverage) ratio
85.36%Tier 1 risk-based capital ratio
164.81%Total risk-based capital ratio
Memoranda
$165Average assets
$48,410Average earning assets
$43,545Average equity
$46,567Average loans
Total Fiduciary and Related Assets (December 31, 2007)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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