Lochaven Federal Savings and Loan Association - Overview
General
FDIC Certificate #: 32418 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Republic Bank (#21350) Federal Reserve ID: 237879 Date Established: November 27, 1985 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 8242 FDIC's unique #: 45252 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: November 27, 1985 Last Structure Change Effective Date: November 05, 1998 Last Structure Change Process Date: December 02, 1998 Last Data Update: December 02, 1998 Data Source Date: April 05, 2012
Location
Address: 2415 North Orange Avenue, Orlando, FL 32804 County: Orange Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Tampa Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Orlando, FL (#5960) Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422) Core Based Statistical Area (CBSA): Orlando-Kissimmee-Sanford, FL (#36740) CBSA Metro Statistical Area: Orlando-Kissimmee-Sanford, FL (#36740)
Financial Summary
Total assets: $56.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
87Total employees (full-time equivalent)
$58,239Total assets
$5,222Cash and due from depository institutions
$5,036Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$49,727Net loans & leases
$846Loan loss allowance
$0Trading account assets
$742Bank premises and fixed assets
$342Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,206All other assets
$58,239Total liabilities and capital
$55,434Total liabilities
$55,067Total deposits
$53,198Interest-bearing deposits
$55,067Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$367All other liabilities
$2,805Total equity capital
$2,805Total bank equity capital
$2,805Perpetual preferred stock
$0Common stock
$6Surplus
$3,365Undivided profits
Memoranda
$-566Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,499Earning assets
$0Long-term assets (5+ years)
$251Average Assets, year-to-date
$54,763Average Assets, quarterly
$0Volatile liabilities
$63,489Insider loans
$60,049FHLB advances
$12,942Loans and leases held for sale
$755Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$26,907Total unused commitments
$0Restructured Loans and leases
$36,251Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$4,653Total interest income
$2,653Total interest expense
$2,000Net interest income
$517Provision for loan and lease losses
$2,506Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$2,506Additional noninterest income
$6,946Total noninterest expense
$4,332Salaries and employee benefits
$1,501Premises and equipment expense
$1,113Additional noninterest expense
-$2,957Pre-tax net operating income
$2,123Securities gains (losses)
$69Applicable income taxes
-$903Income before extraordinary items
$0Extraordinary gains - net
-$903Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$130Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.82%Yield on earning assets
4.46%Cost of funding earning assets
3.36%Net interest margin
4.21%Noninterest income to earning assets
11.67%Noninterest expense to earning assets
-4.77%Net operating income to assets
-1.42%Return on assets (ROA)
-1.31%Pretax return on assets
-26.00%Return on equity (ROE)
-26.00%Retained earnings to average equity (YTD only)
0.26%Net charge-offs to loans
397.69%Credit loss provision to net charge-offs
-18.77%Efficiency ratio
153,795Assets per employee
0.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.67%Loss allowance to noncurrent loans
33.85%Noncurrent assets plus other real estate owned to assets
4.88%Noncurrent loans to loans
4.94%Net loans and leases to deposits
90.30%Net loans and leases to core deposits
118.05%Equity capital to assets
4.82%Core capital (leverage) ratio
4.53%Tier 1 risk-based capital ratio
7.25%Total risk-based capital ratio
Memoranda
$9Average assets
$63,489Average earning assets
$3,474Average equity
$59,500Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Lochaven Federal Savings and Loan Association.
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.
Comment about this bank, ask questions, or add new information about it: