Wachovia Bank, National Association in Winston-Salem, North Carolina (NC)



Show street view No street view available for this location
Table of contents:
Wachovia Bank, National Association
GeneralFDIC Certificate #: 817
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wachovia Bank, National Association (#33869)
Federal Reserve ID: 392620
Date Established: January 01, 1879
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 780 (Interstate: No)
FDIC's unique #: 514
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 01, 2002
Last Structure Change Process Date: April 30, 2002
Last Data Update: April 30, 2002
Data Source Date: April 05, 2012
LocationAddress: 100 North Main Street, Winston-Salem, NC 27101
County: Forsyth
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): Greensboro--Winston-Salem--High Point, NC (#3120)
Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
Core Based Statistical Area (CBSA): Winston-Salem, NC (#49180)
CBSA Metro Statistical Area: Winston-Salem, NC (#49180)
Financial SummaryTotal assets: $72,117.5 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, 2001)
(Dollar figures in thousands)
Total employees (full-time equivalent)12,210
Total assets$71,555,121
Cash and due from depository institutions$4,415,760
Interest-bearing balances$650,642
Securities$7,419,462
Federal funds sold & reverse repurchase agreements$167,423
Net loans & leases$46,240,808
Loan loss allowance $756,033
Trading account assets$722,364
Bank premises and fixed assets$920,948
Other real estate owned$17,806
Goodwill and other intangibles$8,991,321
All other assets$2,659,229
Life insurance assets$0
Total liabilities and capital$71,555,121
Total liabilities$57,884,155
Total deposits$46,311,053
Interest-bearing deposits$36,363,527
Deposits held in domestic offices$42,684,201
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $2,955,746
Trading liabilities$633,696
Other borrowed funds $3,912,732
Subordinated debt $2,604,790
All other liabilities $1,466,138
Total equity capital$13,670,966
Total bank equity capital$13,670,966
Perpetual preferred stock$13,670,966
Common stock$0
Surplus$53,182
Undivided profits $13,344,925
Memoranda
Noncurrent loans and leases $272,859
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $44,509,772
Income earned, not collected on loans $0
Earning assets $550,422
Long-term assets (5+ years) $52
Average Assets, year-to-date $281,337
Average Assets, quarterly $54,478,335
Volatile liabilities $11,352,723
Insider loans $69,879,935
FHLB advances $72,409,674
Loans and leases held for sale $10,388,204
Unused loan commitments $446,174
Tier 1 (core) risk-based capital $2,715,789
Tier 2 risk-based capital $43,298,793
Total risk weighted assets $626,273
Total unused commitments $44,509,772
Restructured Loans and leases $0
Derivatives$2,950,909
Back to page top, Back to table top

Income and Expense (December 31, 2001)
(Dollar figures in thousands)
Total interest income $1,207,564
Total interest expense $424,592
Net interest income $782,972
Provision for loan and lease losses $123,116
Total noninterest income $413,508
Fiduciary activities $65,011
Service charges on deposit accounts $150,792
Trading account gains & fees $22,991
Additional noninterest income $174,714
Total noninterest expense $763,314
Salaries and employee benefits $327,571
Premises and equipment expense $88,228
Additional noninterest expense $347,515
Pre-tax net operating income $310,050
Securities gains (losses) -$99
Applicable income taxes $100,248
Income before extraordinary items $209,703
Extraordinary gains - net $0
Net income attributable to bank $209,703
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $128,694
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2001)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets2.08%
Cost of funding earning assets 0.73%
Net interest margin 1.35%
Noninterest income to earning assets 0.71%
Noninterest expense to earning assets 1.31%
Net operating income to assets 0.30%
Return on assets (ROA) 0.30%
Pretax return on assets 0.44%
Return on equity (ROE) 2.22%
Retained earnings to average equity (YTD only) 2.22%
Net charge-offs to loans 0.25%
Credit loss provision to net charge-offs 95.67%
Efficiency ratio3.37%
Assets per employee$46,175
Cash dividends to net income (YTD only)5.86%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.61%
Noncurrent assets plus other real estate owned to assets 137.36%
Noncurrent loans to loans 0.79%
Net loans and leases to deposits1.17%
Net loans and leases to core deposits 99.85%
Equity capital to assets 116.37%
Core capital (leverage) ratio 19.11%
Tier 1 risk-based capital ratio 8.55%
Total risk-based capital ratio 7.83%
Memoranda
Average assets$12
Average earning assets$69,879,935
Average equity $9,435,069
Average loans $58,151,131
Back to page top, Back to table top

Total Fiduciary and Related Assets (December 31, 2001)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$55,867,886
Number of Accounts1
Personal trust and agency accounts$33,330,107
Employee benefit-defined contribution accounts$24,142,682
Employee benefit-defined benefit accounts$689,567
Other retirement accounts$3,856,444
Corporate trust and agency accounts$4,327,697
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$313,717
Number of Accounts27240
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$22,537,779
Corporate trust and agency accounts$10,588,646
Other fiduciary accounts$1,081,681
Fiduciary accounts held in foreign offices$8,935,682
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Wachovia Bank, National 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.