Home Federal Savings Bank in Norfolk, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 1994

  • Home Federal Savings Bank in Norfolk, Virginia (VA)
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Home Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 33631
    Status: Inactive
    Closing history: Conservatorship Institution Resolved
    Acquiring institution: Home Savings Bank, F.S.B. (#33943)
    Federal Reserve ID: 663179
    Date Established: July 10, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 10099
    FDIC's unique #: 47695
    Numeric code: 34
    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: July 10, 1992
    Last Structure Change Effective Date: October 01, 1994
    Last Structure Change Process Date: October 12, 1994
    Last Data Update: March 28, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 700 Boush Street, Norfolk, VA 23510
    County: Norfolk 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): Norfolk-Virginia Beach-Newport News, VA-NC (#5720)
    Core Based Statistical Area (CBSA): Virginia Beach-Norfolk-Newport News, VA-NC (#47260)
    CBSA Metro Statistical Area: Virginia Beach-Norfolk-Newport News, VA-NC (#47260)
  • History of Changes
  • Pass Through Receivership Merger
    Corrections
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $67.6 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)
  • $42Total assets
  • $82,354Cash and due from depository institutions
  • $11,868Interest-bearing balances
  • $11,550Securities
  • $6,934Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $46,413Loan loss allowance
  • $7,894Trading account assets
  • $0Bank premises and fixed assets
  • $1,632Other real estate owned
  • $2,924Goodwill and other intangibles
  • $12,583Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $82,354Total liabilities
  • $120,825Total deposits
  • $71,587Interest-bearing deposits
  • $71,587Deposits held in domestic offices
  • 71587.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $46,000Subordinated debt
  • $0All other liabilities
  • $3,238Total equity capital
  • $3,238Total bank equity capital
  • $-38,471Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-38,471Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $16,756Income earned, not collected on loans
  • $566Earning assets
  • $64,897Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $114,775Average Assets, quarterly
  • $85,992Volatile liabilities
  • $47,454Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-39,651Total risk weighted assets
  • $52,886Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $6,780Total interest expense
  • $5,749Net interest income
  • $1,031Provision for loan and lease losses
  • $16,466Total noninterest income
  • $54Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $54Total noninterest expense
  • $10,725Salaries and employee benefits
  • $1,205Premises and equipment expense
  • $547Additional noninterest expense
  • $8,973Pre-tax net operating income
  • -$26,106Securities gains (losses)
  • $637Applicable income taxes
  • $0Income before extraordinary items
  • -$25,469Extraordinary gains - net
  • $0Net income attributable to bank
  • -$25,469Net charge-offs
  • $14,343Cash 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
  • 7.06%Cost of funding earning assets
  • 5.98%Net interest margin
  • 1.07%Noninterest income to earning assets
  • 0.06%Noninterest expense to earning assets
  • 11.16%Net operating income to assets
  • -22.75%Return on assets (ROA)
  • -22.19%Pretax return on assets
  • -22.19%Return on equity (ROE)
  • 101.58%Retained earnings to average equity (YTD only)
  • 101.58%Net charge-offs to loans
  • 16.24%Credit loss provision to net charge-offs
  • 114.80%Efficiency ratio
  • 988,479Assets per employee
  • 1.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 14.54%Loss allowance to noncurrent loans
  • 47.11%Noncurrent assets plus other real estate owned to assets
  • 23.90%Noncurrent loans to loans
  • 30.85%Net loans and leases to deposits
  • 64.83%Net loans and leases to core deposits
  • 66.18%Equity capital to assets
  • -46.71%Core capital (leverage) ratio
  • -49.06%Tier 1 risk-based capital ratio
  • -74.97%Total risk-based capital ratio
  • Memoranda
  • -$75Average assets
  • $114,775Average earning assets
  • -$25,072Average equity
  • $96,094Average loans

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