Homestead Savings Bank, FSB in Portsmouth, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1994

  • Homestead Savings Bank, FSB in Portsmouth, Virginia (VA)
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Homestead Savings Bank, FSB - Overview

  • General
  • FDIC Certificate #: 31872
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: CENIT Bank (#28204)
    Federal Reserve ID: 905271
    Date Established: January 01, 1928
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 7555
    FDIC's unique #: 44706
    Numeric code: 33
    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: May 09, 1977
    Last Structure Change Effective Date: April 01, 1994
    Last Structure Change Process Date: April 20, 1994
    Last Data Update: April 20, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 3315 High Street, Portsmouth, VA 23707
    County: Portsmouth 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)
  • Financial Summary
  • Total assets: $53.8 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)
  • $28Total assets
  • $55,726Cash and due from depository institutions
  • $2,409Interest-bearing balances
  • $2,143Securities
  • $11,865Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $38,818Loan loss allowance
  • $191Trading account assets
  • $0Bank premises and fixed assets
  • $1,194Other real estate owned
  • $541Goodwill and other intangibles
  • $899Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $55,726Total liabilities
  • $51,630Total deposits
  • $49,836Interest-bearing deposits
  • $49,475Deposits held in domestic offices
  • 49836.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,700Subordinated debt
  • $0All other liabilities
  • $94Total equity capital
  • $94Total bank equity capital
  • $4,096Perpetual preferred stock
  • $0Common stock
  • $334Surplus
  • $816Undivided profits
  • Memoranda
  • $2,946Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $741Income earned, not collected on loans
  • $234Earning assets
  • $52,826Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $55,773Average Assets, quarterly
  • $55,904Volatile liabilities
  • $5,412Insider loans
  • $493FHLB advances
  • $1,700Loans and leases held for sale
  • $0Unused loan commitments
  • $2,558Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,096Total risk weighted assets
  • $27,292Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,329Total interest expense
  • $2,071Net interest income
  • $2,258Provision for loan and lease losses
  • $90Total noninterest income
  • $106Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $106Total noninterest expense
  • $1,428Salaries and employee benefits
  • $575Premises and equipment expense
  • $269Additional noninterest expense
  • $584Pre-tax net operating income
  • $846Securities gains (losses)
  • $0Applicable income taxes
  • $347Income before extraordinary items
  • $499Extraordinary gains - net
  • $0Net income attributable to bank
  • $499Net charge-offs
  • $23Cash dividends
  • $100Sale, 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
  • 8.22%Cost of funding earning assets
  • 3.93%Net interest margin
  • 4.29%Noninterest income to earning assets
  • 0.20%Noninterest expense to earning assets
  • 2.71%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 0.89%Pretax return on assets
  • 1.52%Return on equity (ROE)
  • 12.80%Retained earnings to average equity (YTD only)
  • 10.24%Net charge-offs to loans
  • 0.06%Credit loss provision to net charge-offs
  • 391.30%Efficiency ratio
  • 60,406Assets per employee
  • 1.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 20.04%Loss allowance to loans
  • 0.49%Loss allowance to noncurrent loans
  • 25.78%Noncurrent assets plus other real estate owned to assets
  • 1.82%Noncurrent loans to loans
  • 1.90%Net loans and leases to deposits
  • 77.89%Net loans and leases to core deposits
  • 84.16%Equity capital to assets
  • 7.35%Core capital (leverage) ratio
  • 7.35%Tier 1 risk-based capital ratio
  • 15.01%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $55,773Average earning assets
  • $3,897Average equity
  • $52,677Average loans

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