First Federal Savings and Loan Association of Charlotte in Charlotte, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 25, 1994

  • First Federal Savings and Loan Association of Charlotte in Charlotte, North Carolina (NC)
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First Federal Savings and Loan Association of Charlotte - Overview

  • General
  • FDIC Certificate #: 30113
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Security Capital Bank (#9859)
    Federal Reserve ID: 744171
    Date Established: April 27, 1940
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4772
    FDIC's unique #: 42947
    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 27, 1940
    Last Structure Change Effective Date: September 25, 1994
    Last Structure Change Process Date: October 13, 1994
    Last Data Update: October 19, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 230 South Tryon Street, Charlotte, NC 28202
    County: Mecklenburg
    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): Charlotte-Gastonia-Rock Hill, NC-SC (#1520)
    Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
    CBSA Metro Statistical Area: Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $303.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $99Total assets
  • $333,997Cash and due from depository institutions
  • $13,992Interest-bearing balances
  • $10,319Securities
  • $69,739Federal funds sold & reverse repurchase agreements
  • $200Net loans & leases
  • $208,861Loan loss allowance
  • $3,398Trading account assets
  • $7,023Bank premises and fixed assets
  • $3,501Other real estate owned
  • $15,083Goodwill and other intangibles
  • $15,469Life insurance assets
  • $129All other assets
  • $0Total liabilities and capital
  • $333,997Total liabilities
  • $305,463Total deposits
  • $279,779Interest-bearing deposits
  • $276,538Deposits held in domestic offices
  • 279779.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $20,907Subordinated debt
  • $0All other liabilities
  • $4,777Total equity capital
  • $4,777Total bank equity capital
  • $28,534Perpetual preferred stock
  • $0Common stock
  • $2Surplus
  • $23,962Undivided profits
  • Memoranda
  • $4,570Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,029Income earned, not collected on loans
  • $1,273Earning assets
  • $296,142Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $352,768Average Assets, quarterly
  • $342,440Volatile liabilities
  • $48,824Insider loans
  • $3,725FHLB advances
  • $20,907Loans and leases held for sale
  • $0Unused loan commitments
  • $9,381Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $27,223Total risk weighted assets
  • $196,976Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $22,816Total interest expense
  • $13,092Net interest income
  • $9,724Provision for loan and lease losses
  • $743Total noninterest income
  • $3,362Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$6Additional noninterest income
  • $3,368Total noninterest expense
  • $8,469Salaries and employee benefits
  • $3,145Premises and equipment expense
  • $1,374Additional noninterest expense
  • $3,950Pre-tax net operating income
  • $3,874Securities gains (losses)
  • $197Applicable income taxes
  • $1,189Income before extraordinary items
  • $2,882Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,882Net charge-offs
  • $87Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.33%Cost of funding earning assets
  • 4.21%Net interest margin
  • 3.13%Noninterest income to earning assets
  • 1.08%Noninterest expense to earning assets
  • 2.72%Net operating income to assets
  • 0.78%Return on assets (ROA)
  • 0.82%Pretax return on assets
  • 1.15%Return on equity (ROE)
  • 10.67%Retained earnings to average equity (YTD only)
  • 10.67%Net charge-offs to loans
  • 0.04%Credit loss provision to net charge-offs
  • 854.02%Efficiency ratio
  • 64,718Assets per employee
  • 3.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 67.57%Noncurrent assets plus other real estate owned to assets
  • 6.02%Noncurrent loans to loans
  • 2.37%Net loans and leases to deposits
  • 74.65%Net loans and leases to core deposits
  • 82.93%Equity capital to assets
  • 8.54%Core capital (leverage) ratio
  • 8.35%Tier 1 risk-based capital ratio
  • 13.82%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $352,768Average earning assets
  • $27,010Average equity
  • $311,104Average loans

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