Wachovia Bank of Georgia, National Association in Augusta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 1997

  • Wachovia Bank of Georgia, National Association in Augusta, Georgia (GA)
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Wachovia Bank of Georgia, National Association - Overview

  • General
  • FDIC Certificate #: 2115
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wachovia Bank, National Association (#817)
    Federal Reserve ID: 787431
    Date Established: September 14, 1865
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 134 (Interstate: No)
    FDIC's unique #: 1392
    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: June 01, 1997
    Last Structure Change Process Date: June 19, 1997
    Last Data Update: June 19, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 3645 Wheeler Road, Augusta, GA 30909
    County: Richmond
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Atlanta
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Augusta-Aiken, GA-SC (#600)
    Core Based Statistical Area (CBSA): Augusta-Richmond County, GA-SC (#12260)
    CBSA Metro Statistical Area: Augusta-Richmond County, GA-SC (#12260)
  • Financial Summary
  • Total assets: $19,594.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $2,661Total assets
  • $18,918,575Cash and due from depository institutions
  • $1,170,646Interest-bearing balances
  • $0Securities
  • $1,403,734Federal funds sold & reverse repurchase agreements
  • $1,474,728Net loans & leases
  • $13,636,444Loan loss allowance
  • $194,525Trading account assets
  • $42,810Bank premises and fixed assets
  • $132,330Other real estate owned
  • $1,714Goodwill and other intangibles
  • $1,042,288Life insurance assets
  • $13,881All other assets
  • $0Total liabilities and capital
  • $18,918,575Total liabilities
  • $17,579,919Total deposits
  • $9,609,066Interest-bearing deposits
  • $7,746,276Deposits held in domestic offices
  • 8460660.00%% insured (estimated)
  • $69Federal funds purchased & repurchase agreements
  • $4,983,474Trading liabilities
  • $16,242Other borrowed funds
  • $1,514,503Subordinated debt
  • $600,000All other liabilities
  • $856,634Total equity capital
  • $856,634Total bank equity capital
  • $1,338,656Perpetual preferred stock
  • $0Common stock
  • $14,913Surplus
  • $484,150Undivided profits
  • Memoranda
  • $839,593Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $57,576Income earned, not collected on loans
  • $60,410Earning assets
  • $16,538,061Long-term assets (5+ years)
  • $1,132,172Average Assets, year-to-date
  • $18,127,706Average Assets, quarterly
  • $18,835,882Volatile liabilities
  • $8,220,339Insider loans
  • $380,813FHLB advances
  • $0Loans and leases held for sale
  • $64,766Unused loan commitments
  • $22,855,681Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,319,155Total risk weighted assets
  • $21,973,472Total unused commitments
  • $0Restructured Loans and leases
  • $9,021,575Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,339,641Total interest expense
  • $726,657Net interest income
  • $612,984Provision for loan and lease losses
  • $151,289Total noninterest income
  • $350,388Fiduciary activities
  • $25,203Service charges on deposit accounts
  • $87,750Trading account gains & fees
  • $5,728Additional noninterest income
  • $231,707Total noninterest expense
  • $516,910Salaries and employee benefits
  • $120,078Premises and equipment expense
  • $44,631Additional noninterest expense
  • $352,201Pre-tax net operating income
  • $295,173Securities gains (losses)
  • $160Applicable income taxes
  • $102,493Income before extraordinary items
  • $192,840Extraordinary gains - net
  • $0Net income attributable to bank
  • $192,840Net charge-offs
  • $131,204Cash dividends
  • $117,300Sale, conversion, retirement of capital stock, net
  • $447Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.31%Cost of funding earning assets
  • 4.51%Net interest margin
  • 3.80%Noninterest income to earning assets
  • 2.17%Noninterest expense to earning assets
  • 3.21%Net operating income to assets
  • 1.06%Return on assets (ROA)
  • 1.06%Pretax return on assets
  • 1.63%Return on equity (ROE)
  • 14.86%Retained earnings to average equity (YTD only)
  • 5.82%Net charge-offs to loans
  • 0.99%Credit loss provision to net charge-offs
  • 115.31%Efficiency ratio
  • 53,366Assets per employee
  • 7.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.83%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 337.86%Noncurrent assets plus other real estate owned to assets
  • 0.31%Noncurrent loans to loans
  • 0.42%Net loans and leases to deposits
  • 141.91%Net loans and leases to core deposits
  • 172.91%Equity capital to assets
  • 7.08%Core capital (leverage) ratio
  • 7.23%Tier 1 risk-based capital ratio
  • 6.00%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $18,127,706Average earning assets
  • $1,297,580Average equity
  • $16,117,131Average loans

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