Decatur Federal Savings and Loan Association in Decatur, Georgia (GA)



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Decatur Federal Savings and Loan Association
GeneralFDIC Certificate #: 29684
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Union National Bank of Georgia (#20147)
Federal Reserve ID: 466576
Date Established: January 01, 1926
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 3880
FDIC's unique #: 42518
Numeric code: 37
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: April 17, 1935
Last Structure Change Effective Date: March 01, 1993
Last Structure Change Process Date: March 15, 1993
Last Data Update: March 15, 1993
Data Source Date: April 05, 2012
LocationAddress: 250 E Ponce De Leon Avenue, Decatur, GA 30030
County: Dekalb
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Atlanta
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Atlanta, GA (#520)
Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060)
CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
Financial SummaryTotal assets: $2,664.2 mil
Assets and Liabilities (December 31, 1992)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$827
Cash and due from depository institutions$2,664,228
Interest-bearing balances$207,198
Securities$145,661
Federal funds sold & reverse repurchase agreements$331,691
Net loans & leases$0
Loan loss allowance $1,986,570
Trading account assets$22,515
Bank premises and fixed assets$0
Other real estate owned$37,643
Goodwill and other intangibles$19,011
All other assets$3,309
Life insurance assets$78,806
Total liabilities and capital$0
Total liabilities$2,664,228
Total deposits$2,547,761
Interest-bearing deposits$1,963,308
Deposits held in domestic offices$1,864,812
% insured (estimated)1963308.00%
Federal funds purchased & repurchase agreements $98
Trading liabilities$138,109
Other borrowed funds $0
Subordinated debt $369,528
All other liabilities $0
Total equity capital$76,816
Total bank equity capital$76,816
Perpetual preferred stock$116,467
Common stock$0
Surplus$4,627
Undivided profits $37,944
Memoranda
Noncurrent loans and leases $73,896
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $22,871
Earning assets $14,328
Long-term assets (5+ years) $2,463,922
Average Assets, year-to-date $0
Average Assets, quarterly $2,623,914
Volatile liabilities $2,637,541
Insider loans $638,306
FHLB advances $0
Loans and leases held for sale $363,720
Unused loan commitments $0
Tier 1 (core) risk-based capital $280,135
Tier 2 risk-based capital $0
Total risk weighted assets $111,675
Total unused commitments $1,536,177
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1992)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $214,764
Net interest income $143,655
Provision for loan and lease losses $71,109
Total noninterest income $14,101
Fiduciary activities $27,465
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $0
Total noninterest expense $27,465
Salaries and employee benefits $122,110
Premises and equipment expense $44,620
Additional noninterest expense $21,445
Pre-tax net operating income $56,045
Securities gains (losses) -$37,637
Applicable income taxes $20,850
Income before extraordinary items -$239
Extraordinary gains - net -$16,548
Net income attributable to bank $8,000
Net charge-offs -$8,548
Cash dividends $4,117
Sale, conversion, retirement of capital stock, net $1,110
Net operating income $361
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Performance and Condition Ratios (December 31, 1992)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 8.91%
Net interest margin 5.96%
Noninterest income to earning assets 2.95%
Noninterest expense to earning assets 1.14%
Net operating income to assets 5.07%
Return on assets (ROA) -1.42%
Pretax return on assets -0.33%
Return on equity (ROE) -0.33%
Retained earnings to average equity (YTD only) -6.43%
Net charge-offs to loans -7.27%
Credit loss provision to net charge-offs 0.21%
Efficiency ratio342.51%
Assets per employee$123,070
Cash dividends to net income (YTD only)3.22%
Condition Ratios (%)
Loss allowance to loans -12.99%
Loss allowance to noncurrent loans 1.12%
Noncurrent assets plus other real estate owned to assets 98.44%
Noncurrent loans to loans 1.57%
Net loans and leases to deposits1.14%
Net loans and leases to core deposits 101.18%
Equity capital to assets 108.40%
Core capital (leverage) ratio 4.37%
Tier 1 risk-based capital ratio 4.21%
Total risk-based capital ratio 7.27%
Memoranda
Average assets$8
Average earning assets$2,623,914
Average equity $132,841
Average loans $2,410,789
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