First Federal Savings Bank of Lynchburg in Lynchburg, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 08, 1998

  • First Federal Savings Bank of Lynchburg in Lynchburg, Virginia (VA)
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First Federal Savings Bank of Lynchburg - Overview

  • General
  • FDIC Certificate #: 27705
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: One Valley Bank-Central Virginia, National Association (#27639)
    Federal Reserve ID: 776976
    Date Established: January 01, 1923
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 144
    FDIC's unique #: 40539
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: June 29, 1936
    Last Structure Change Effective Date: June 08, 1998
    Last Structure Change Process Date: June 25, 1998
    Last Data Update: June 25, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 925 Main St, Lynchburg, VA 24504
    County: Lynchburg City
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Lynchburg, VA (#4640)
    Core Based Statistical Area (CBSA): Lynchburg, VA (#31340)
    CBSA Metro Statistical Area: Lynchburg, VA (#31340)
  • Financial Summary
  • Total assets: $565.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 135Total employees (full-time equivalent)
  • $577,200Total assets
  • $4,328Cash and due from depository institutions
  • $289Interest-bearing balances
  • $223,457Securities
  • $1,410Federal funds sold & reverse repurchase agreements
  • $327,261Net loans & leases
  • $3,351Loan loss allowance
  • $0Trading account assets
  • $5,946Bank premises and fixed assets
  • $0Other real estate owned
  • $1,498Goodwill and other intangibles
  • $0Life insurance assets
  • $13,300All other assets
  • $577,200Total liabilities and capital
  • $514,654Total liabilities
  • $417,547Total deposits
  • $406,107Interest-bearing deposits
  • $417,547Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $15,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $78,000Other borrowed funds
  • $0Subordinated debt
  • $4,107All other liabilities
  • $62,546Total equity capital
  • $62,546Total bank equity capital
  • $62,546Perpetual preferred stock
  • $0Common stock
  • $10Surplus
  • $30,528Undivided profits
  • Memoranda
  • $32,008Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $634Earning assets
  • $0Long-term assets (5+ years)
  • $2,097Average Assets, year-to-date
  • $552,417Average Assets, quarterly
  • $0Volatile liabilities
  • $558,239Insider loans
  • $572,728FHLB advances
  • $138,834Loans and leases held for sale
  • $589Unused loan commitments
  • $67,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $26,484Total unused commitments
  • $0Restructured Loans and leases
  • $302,011Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $43,729Total interest income
  • $24,104Total interest expense
  • $19,625Net interest income
  • $150Provision for loan and lease losses
  • $1,409Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,409Additional noninterest income
  • $11,379Total noninterest expense
  • $7,876Salaries and employee benefits
  • $2,228Premises and equipment expense
  • $1,275Additional noninterest expense
  • $9,505Pre-tax net operating income
  • $202Securities gains (losses)
  • $3,400Applicable income taxes
  • $6,307Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,307Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $49Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.17%Yield on earning assets
  • 4.50%Cost of funding earning assets
  • 3.67%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 2.13%Noninterest expense to earning assets
  • 1.11%Net operating income to assets
  • 1.13%Return on assets (ROA)
  • 1.74%Pretax return on assets
  • 10.65%Return on equity (ROE)
  • 10.65%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 306.12%Credit loss provision to net charge-offs
  • 197.04%Efficiency ratio
  • 53,528Assets per employee
  • 4.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 528.55%Noncurrent assets plus other real estate owned to assets
  • 0.11%Noncurrent loans to loans
  • 0.19%Net loans and leases to deposits
  • 78.38%Net loans and leases to core deposits
  • 88.04%Equity capital to assets
  • 10.84%Core capital (leverage) ratio
  • 10.35%Tier 1 risk-based capital ratio
  • 19.67%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $558,239Average earning assets
  • $59,218Average equity
  • $535,344Average loans

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