- bankencyclopedia.com
- Banks in Virginia (VA)
- Home Federal Savings Bank
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)
-
Show street view
No street view available for this location
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
Comment about this bank, ask questions, or add new information about it:
- bankencyclopedia.com
- Banks in Virginia (VA)
- Home Federal Savings Bank
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Home Federal Savings Bank.
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.