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

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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
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
Undivided profits $13,344,925
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
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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
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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%
Average assets$12
Average earning assets$69,879,935
Average equity $9,435,069
Average loans $58,151,131
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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
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