Home Federal Savings Bank in Norfolk, Virginia (VA)
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| Home Federal Savings Bank | |
|---|---|
| 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 |
| Assets and Liabilities (December 31, 1993) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 0 |
| Total assets | $42 |
| Cash and due from depository institutions | $82,354 |
| Interest-bearing balances | $11,868 |
| Securities | $11,550 |
| Federal funds sold & reverse repurchase agreements | $6,934 |
| Net loans & leases | $0 |
| Loan loss allowance | $46,413 |
| Trading account assets | $7,894 |
| Bank premises and fixed assets | $0 |
| Other real estate owned | $1,632 |
| Goodwill and other intangibles | $2,924 |
| All other assets | $0 |
| Life insurance assets | $12,583 |
| Total liabilities and capital | $0 |
| Total liabilities | $82,354 |
| Total deposits | $120,825 |
| Interest-bearing deposits | $71,587 |
| Deposits held in domestic offices | $71,587 |
| % insured (estimated) | 71587.00% |
| Federal funds purchased & repurchase agreements | $100 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $46,000 |
| All other liabilities | $0 |
| Total equity capital | $3,238 |
| Total bank equity capital | $3,238 |
| Perpetual preferred stock | $-38,471 |
| Common stock | $0 |
| Surplus | $0 |
| Undivided profits | $0 |
| Memoranda | |
| Noncurrent loans and leases | $-38,471 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $16,756 |
| Earning assets | $566 |
| Long-term assets (5+ years) | $64,897 |
| Average Assets, year-to-date | $0 |
| Average Assets, quarterly | $114,775 |
| Volatile liabilities | $85,992 |
| Insider loans | $47,454 |
| FHLB advances | $0 |
| Loans and leases held for sale | $0 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $-39,651 |
| Total unused commitments | $52,886 |
| Restructured Loans and leases | $0 |
| Derivatives | $0 |
| Income and Expense (December 31, 1993) (Dollar figures in thousands) | |
| Total interest income | $0 |
| Total interest expense | $6,780 |
| Net interest income | $5,749 |
| Provision for loan and lease losses | $1,031 |
| Total noninterest income | $16,466 |
| Fiduciary activities | $54 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $0 |
| Total noninterest expense | $54 |
| Salaries and employee benefits | $10,725 |
| Premises and equipment expense | $1,205 |
| Additional noninterest expense | $547 |
| Pre-tax net operating income | $8,973 |
| Securities gains (losses) | -$26,106 |
| Applicable income taxes | $637 |
| Income before extraordinary items | $0 |
| Extraordinary gains - net | -$25,469 |
| Net income attributable to bank | $0 |
| Net charge-offs | -$25,469 |
| Cash dividends | $14,343 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 1993) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 0.00% |
| Cost of funding earning assets | 7.06% |
| Net interest margin | 5.98% |
| Noninterest income to earning assets | 1.07% |
| Noninterest expense to earning assets | 0.06% |
| Net operating income to assets | 11.16% |
| Return on assets (ROA) | -22.75% |
| Pretax return on assets | -22.19% |
| Return on equity (ROE) | -22.19% |
| Retained earnings to average equity (YTD only) | 101.58% |
| Net charge-offs to loans | 101.58% |
| Credit loss provision to net charge-offs | 16.24% |
| Efficiency ratio | 114.80% |
| Assets per employee | $988,479 |
| Cash dividends to net income (YTD only) | 1.96% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 14.54% |
| Noncurrent assets plus other real estate owned to assets | 47.11% |
| Noncurrent loans to loans | 23.90% |
| Net loans and leases to deposits | 30.85% |
| Net loans and leases to core deposits | 64.83% |
| Equity capital to assets | 66.18% |
| Core capital (leverage) ratio | -46.71% |
| Tier 1 risk-based capital ratio | -49.06% |
| Total risk-based capital ratio | -74.97% |
| Memoranda | |
| Average assets | -$75 |
| Average earning assets | $114,775 |
| Average equity | -$25,072 |
| Average loans | $96,094 |
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Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.