First Federal Savings Bank in Winston-Salem, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 29, 1993

  • First Federal Savings Bank in Winston-Salem, North Carolina (NC)
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First Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 28882
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Southern National Bank of North Carolina (#4899)
    Federal Reserve ID: 19374
    Date Established: April 01, 1934
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2553
    FDIC's unique #: 41716
    Numeric code: 33
    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: October 29, 1934
    Last Structure Change Effective Date: January 29, 1993
    Last Structure Change Process Date: Febuary 04, 1993
    Last Data Update: Febuary 04, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 230 North Cherry Street, Winston-Salem, NC 27101
    County: Forsyth
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Charlotte
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Greensboro--Winston-Salem--High Point, NC (#3120)
    Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
    Core Based Statistical Area (CBSA): Winston-Salem, NC (#49180)
    CBSA Metro Statistical Area: Winston-Salem, NC (#49180)
  • Financial Summary
  • Total assets: $398.5 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $76Total assets
  • $398,519Cash and due from depository institutions
  • $33,303Interest-bearing balances
  • $31,792Securities
  • $182,861Federal funds sold & reverse repurchase agreements
  • $525Net loans & leases
  • $172,128Loan loss allowance
  • $2,626Trading account assets
  • $0Bank premises and fixed assets
  • $2,284Other real estate owned
  • $76Goodwill and other intangibles
  • $7,342Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $398,519Total liabilities
  • $351,070Total deposits
  • $341,972Interest-bearing deposits
  • $336,533Deposits held in domestic offices
  • 341972.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,320Subordinated debt
  • $0All other liabilities
  • $7,778Total equity capital
  • $7,778Total bank equity capital
  • $47,449Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $14,919Undivided profits
  • Memoranda
  • $32,530Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $303Income earned, not collected on loans
  • $1,178Earning assets
  • $387,306Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $397,857Average Assets, quarterly
  • $398,786Volatile liabilities
  • $45,897Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $9,720Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $47,449Total risk weighted assets
  • $152,917Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $31,998Total interest expense
  • $18,194Net interest income
  • $13,804Provision for loan and lease losses
  • $562Total noninterest income
  • $1,250Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,250Total noninterest expense
  • $10,225Salaries and employee benefits
  • $5,129Premises and equipment expense
  • $701Additional noninterest expense
  • $4,395Pre-tax net operating income
  • $4,267Securities gains (losses)
  • $48Applicable income taxes
  • $7,033Income before extraordinary items
  • -$2,718Extraordinary gains - net
  • $0Net income attributable to bank
  • -$2,718Net charge-offs
  • $202Cash dividends
  • $2,000Sale, conversion, retirement of capital stock, net
  • $6,921Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.28%Cost of funding earning assets
  • 4.71%Net interest margin
  • 3.57%Noninterest income to earning assets
  • 0.32%Noninterest expense to earning assets
  • 2.65%Net operating income to assets
  • -0.69%Return on assets (ROA)
  • -0.68%Pretax return on assets
  • 1.08%Return on equity (ROE)
  • -5.38%Retained earnings to average equity (YTD only)
  • -9.35%Net charge-offs to loans
  • 0.11%Credit loss provision to net charge-offs
  • 278.22%Efficiency ratio
  • 67,922Assets per employee
  • 5.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -73.58%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 866.67%Noncurrent assets plus other real estate owned to assets
  • 0.10%Noncurrent loans to loans
  • 0.17%Net loans and leases to deposits
  • 50.33%Net loans and leases to core deposits
  • 57.88%Equity capital to assets
  • 11.91%Core capital (leverage) ratio
  • 11.91%Tier 1 risk-based capital ratio
  • 31.03%Total risk-based capital ratio
  • Memoranda
  • $32Average assets
  • $397,857Average earning assets
  • $50,481Average equity
  • $386,271Average loans

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