First Federal Bank in Dunn, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Federal Bank in Dunn, North Carolina (NC)
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First Federal Bank - Overview

  • General
  • FDIC Certificate #: 31077
    Status: Active
    Federal Reserve ID: 943974
    Date Established: January 01, 1958
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 6343
    FDIC's unique #: 43911
    Numeric code: 33
    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: January 19, 1959
    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: 200 E Divine St, Dunn, NC 28334
    County: Harnett
    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
    Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450)
    Core Based Statistical Area (CBSA): Dunn, NC (#20380)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $172.9 mil
    Equity capital: $19.1 mil
    Deposits held in domestic offices: $151.2 mil
    Return on assets (ROA): -0.06% (-$0.1 mil)
    Quarterly return on assets: 0.03% ($0.1 mil)
    Return on Equity (ROE): -0.56% (-$0.1 mil)
    Quarterly return on equity: 0.31% ($0.1 mil)
    Net income: -$0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: -0.09% (-$155.6 mil)
    Quarterly Pretax return on assets: 0.06% ($103.8 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
  • 71Total employees (full-time equivalent)
  • $172,917Total assets
  • $24,610Cash and due from depository institutions
  • $21,808Interest-bearing balances
  • $13,865Securities
  • $1,787Federal funds sold & reverse repurchase agreements
  • $123,030Net loans & leases
  • $1,499Loan loss allowance
  • $0Trading account assets
  • $1,628Bank premises and fixed assets
  • $4,570Other real estate owned
  • $0Goodwill and other intangibles
  • $172,917Life insurance assets
  • $3,427All other assets
  • $153,851Total liabilities and capital
  • $151,207Total liabilities
  • $139,890Total deposits
  • $151,207Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,500Trading liabilities
  • $0Other borrowed funds
  • $1,144Subordinated debt
  • $19,066All other liabilities
  • $19,066Total equity capital
  • $19,066Total bank equity capital
  • $0Perpetual preferred stock
  • $258Common stock
  • $1,452Surplus
  • $17,356Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $391Income earned, not collected on loans
  • $0Earning assets
  • $534Long-term assets (5+ years)
  • $160,490Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $171,840Volatile liabilities
  • $172,942Insider loans
  • $102,565FHLB advances
  • $170,928Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,757Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,214Restructured Loans and leases
  • $759Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,750Total interest income
  • $1,921Total interest expense
  • $5,829Net interest income
  • $192Provision for loan and lease losses
  • $678Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $678Additional noninterest income
  • $6,464Total noninterest expense
  • $4,001Salaries and employee benefits
  • $1,322Premises and equipment expense
  • $1,141Additional noninterest expense
  • -$149Pre-tax net operating income
  • $0Securities gains (losses)
  • -$41Applicable income taxes
  • -$108Income before extraordinary items
  • $0Extraordinary gains - net
  • -$108Net income attributable to bank
  • $0Net charge-offs
  • -$108Cash dividends
  • -$176Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 3.67%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 4.07%Noninterest expense to earning assets
  • -0.06%Net operating income to assets
  • -0.06%Return on assets (ROA)
  • -0.09%Pretax return on assets
  • -0.56%Return on equity (ROE)
  • -0.56%Retained earnings to average equity (YTD only)
  • -0.14%Net charge-offs to loans
  • -109.09%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 99,339Assets per employee
  • 2.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 383.38%Noncurrent assets plus other real estate owned to assets
  • 2.87%Noncurrent loans to loans
  • 0.31%Net loans and leases to deposits
  • 81.37%Net loans and leases to core deposits
  • 91.30%Equity capital to assets
  • 11.03%Core capital (leverage) ratio
  • 10.39%Tier 1 risk-based capital ratio
  • 17.31%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $171,840Average earning assets
  • $19,178Average equity
  • $158,794Average loans

List of branches

  • 7 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043911First Federal Bank200 E Divine St, Dunn, NC 28334January 01, 1958Full Service Brick and Mortar
    100283368Angier Plaza Shopping Center Branch110 West Dupree Street, Angier, NC 27501January 01, 1958Full Service Brick and Mortar
    101283369100 East H Street Branch540 East Jackson Boulevard, Erwin, NC 28339January 01, 1958Full Service Brick and Mortar
    102283370Benson Branch105 North Johnson Street, Benson, NC 27504January 01, 1958Full Service Brick and Mortar
    103283371Fuquay-Varina Branch603 North Judd Parkway N.E., Fuquay Varina, NC 27526October 07, 1996Full Service Brick and Mortar
    104360518Clayton Branch442 East Main Street, Clayton, NC 27520December 04, 2000Full Service Brick and Mortar
    105520563Cumberland Branch200 E Cumberland St, Dunn, NC 28334July 29, 2005Full Service Brick and Mortar

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