Wachovia Bank, National Association in Charlotte, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 20, 2010

  • Wachovia Bank, National Association in Charlotte, North Carolina (NC)
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Wachovia Bank, National Association - Overview

  • General
  • FDIC Certificate #: 33869
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank, National Association (#3511)
    Federal Reserve ID: 484422
    Date Established: January 11, 1994
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3312 (Interstate: No)
    FDIC's unique #: 48177
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 11, 1994
    Last Structure Change Effective Date: March 20, 2010
    Last Structure Change Process Date: April 01, 2010
    Last Data Update: April 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 South College Street, Charlotte, NC 28288
    County: Mecklenburg
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Charlotte
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Charlotte-Gastonia-Rock Hill, NC-SC (#1520)
    Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
    CBSA Metro Statistical Area: Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
  • Financial Summary
  • Total assets: $510,083.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2009)

  • Dollar figures in thousands
  • 79,791Total employees (full-time equivalent)
  • $510,083,000Total assets
  • $12,602,000Cash and due from depository institutions
  • $2,659,000Interest-bearing balances
  • $69,899,000Securities
  • $2,554,000Federal funds sold & reverse repurchase agreements
  • $327,474,000Net loans & leases
  • $8,861,000Loan loss allowance
  • $24,189,000Trading account assets
  • $4,013,000Bank premises and fixed assets
  • $1,084,000Other real estate owned
  • $21,852,000Goodwill and other intangibles
  • $12,998,000Life insurance assets
  • $46,416,000All other assets
  • $510,083,000Total liabilities and capital
  • $441,054,000Total liabilities
  • $355,574,000Total deposits
  • $282,579,000Interest-bearing deposits
  • $321,167,000Deposits held in domestic offices
  • 57.65%% insured (estimated)
  • $15,997,000Federal funds purchased & repurchase agreements
  • $5,592,000Trading liabilities
  • $29,364,000Other borrowed funds
  • $16,917,000Subordinated debt
  • $17,610,000All other liabilities
  • $69,029,000Total equity capital
  • $69,029,000Total bank equity capital
  • $67,340,000Perpetual preferred stock
  • $0Common stock
  • $455,000Surplus
  • $61,891,000Undivided profits
  • Memoranda
  • $4,994,000Noncurrent loans and leases
  • $173,644,000Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,689,000Income earned, not collected on loans
  • $21,626,000Earning assets
  • $510,000Long-term assets (5+ years)
  • $2,531,000Average Assets, year-to-date
  • $412,394,000Average Assets, quarterly
  • $143,706,000Volatile liabilities
  • $560,752,400Insider loans
  • $514,236,000FHLB advances
  • $91,319,000Loans and leases held for sale
  • $18,000Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,446,901,000Tier 2 risk-based capital
  • $3,008,000Total risk weighted assets
  • $173,644,000Total unused commitments
  • $1,213,000Restructured Loans and leases
  • $20,782,000Derivatives
  • $22,807,000Total assets and liabilities in foreign offices

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $20,388,000Total interest income
  • $3,649,000Total interest expense
  • $16,739,000Net interest income
  • $5,926,000Provision for loan and lease losses
  • $8,736,000Total noninterest income
  • $613,000Fiduciary activities
  • $2,526,000Service charges on deposit accounts
  • $752,000Trading account gains & fees
  • $4,845,000Additional noninterest income
  • $14,252,000Total noninterest expense
  • $6,495,000Salaries and employee benefits
  • $1,937,000Premises and equipment expense
  • $5,820,000Additional noninterest expense
  • $5,297,000Pre-tax net operating income
  • $383,000Securities gains (losses)
  • $1,365,000Applicable income taxes
  • $4,315,000Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,247,000Net income attributable to bank
  • $68,000Net charge-offs
  • $4,315,000Cash dividends
  • $4,369,000Sale, conversion, retirement of capital stock, net
  • $1,750,000Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.42%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 3.63%Net interest margin
  • 1.89%Noninterest income to earning assets
  • 3.09%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 6.66%Return on equity (ROE)
  • 3.91%Retained earnings to average equity (YTD only)
  • 1.21%Net charge-offs to loans
  • 135.64%Credit loss provision to net charge-offs
  • 2.57%Efficiency ratio
  • 47,564Assets per employee
  • 6.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.21%Loss allowance to loans
  • 2.63%Loss allowance to noncurrent loans
  • 40.97%Noncurrent assets plus other real estate owned to assets
  • 4.45%Noncurrent loans to loans
  • 6.43%Net loans and leases to deposits
  • 92.10%Net loans and leases to core deposits
  • 110.43%Equity capital to assets
  • 13.20%Core capital (leverage) ratio
  • 8.23%Tier 1 risk-based capital ratio
  • 8.97%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $560,752,400Average earning assets
  • $63,810,800Average equity
  • $461,323,200Average loans

Total Fiduciary and Related Assets (December 31, 2009)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $150,257,000Managed Assets
  • 1Number of Accounts
  • $58,837,000Personal trust and agency accounts
  • $29,077,000Employee benefit-defined contribution accounts
  • $184,000Employee benefit-defined benefit accounts
  • $1,945,000Other retirement accounts
  • $4,863,000Corporate trust and agency accounts
  • $9,000Investment management agency accounts
  • $15,962,000Other fiduciary accounts
  • $6,797,000Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 58222Number of Accounts
  • $341,000Personal trust and agency accounts
  • $1,594,000Employee benefit-defined contribution accounts
  • $6,766,000Employee benefit-defined benefit accounts
  • $91,420,000Other retirement accounts
  • $3,037,000Corporate trust and agency accounts
  • $48,641,000Other fiduciary accounts
  • $14,208,000Fiduciary accounts held in foreign offices

Bank Assets Sold and Securitized (December 31, 2009)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $2,006,0001-4 family residential loans
  • $4,752,000Home equity lines
  • $0Credit cards receivables
  • $2,471,000Auto loans
  • $2,544,000Other consumer loans
  • $7,000Commercial and industrial loans
  • $99,615,000All other loans and all leases
  • Past due loan amounts 30-89 days (included in principal balance)
  • $74,0001-4 family residential loans
  • $66,000>Home equity lines
  • $0Credit cards receivables
  • $93,000Auto loans
  • $124,000Other consumer loans
  • $0Commercial and industrial loans
  • $5,161,000All other loans and all leases
  • Past due loan amounts 90 days or more (included in principal balance)
  • $109,0001-4 family residential loans
  • $112,000>Home equity lines
  • $0Credit cards receivables
  • $7,000Auto loans
  • $88,000Other consumer loans
  • $0Commercial and industrial loans
  • $5,418,000All other loans and all leases
  • Charge-offs on Assets Sold and Securitized (included in principal balance and YTD only)
  • $32,0001-4 family residential loans
  • $96,000>Home equity lines
  • $0Credit cards receivables
  • $230,000Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans
  • $175,000All other loans and all leases
  • Recoveries on Assets Sold and Securitized (included in principal balance and YTD only)
  • $01-4 family residential loans
  • $0>Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans
  • $9,000All other loans and all leases

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