Wachovia Card Services, National Association in Atlanta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 10, 2010

  • Wachovia Card Services, National Association in Atlanta, Georgia (GA)
  • Show street view No street view available for this location

Wachovia Card Services, National Association - Overview

  • General
  • FDIC Certificate #: 58496
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank, National Association (#3511)
    Federal Reserve ID: 3550131
    Date Established: January 01, 2007
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 454516
    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 01, 2007
    Last Structure Change Effective Date: April 10, 2010
    Last Structure Change Process Date: April 19, 2010
    Last Data Update: April 19, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 171 17th Street Nw, 100 Bldg, Atlanta, GA 30363
    County: Fulton
    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): Atlanta, GA (#520)
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060)
    CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
  • Financial Summary
  • Total assets: $2,983.2 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
  • 12Total employees (full-time equivalent)
  • $3,148,296Total assets
  • $3,929Cash and due from depository institutions
  • $3,929Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $2,869,058Net loans & leases
  • $323,124Loan loss allowance
  • $0Trading account assets
  • $0Bank premises and fixed assets
  • $0Other real estate owned
  • $144,900Goodwill and other intangibles
  • $0Life insurance assets
  • $130,409All other assets
  • $3,148,296Total liabilities and capital
  • $2,024,590Total liabilities
  • $676Total deposits
  • $548Interest-bearing deposits
  • $676Deposits held in domestic offices
  • 55.92%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,821,347Other borrowed funds
  • $0Subordinated debt
  • $202,567All other liabilities
  • $1,123,706Total equity capital
  • $1,123,706Total bank equity capital
  • $1,123,706Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $1,131,502Undivided profits
  • Memoranda
  • $-7,796Noncurrent loans and leases
  • $12,529,796Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $85,188Earning assets
  • $0Long-term assets (5+ years)
  • $14,379Average Assets, year-to-date
  • $2,872,987Average Assets, quarterly
  • $0Volatile liabilities
  • $2,875,087Insider loans
  • $3,064,513FHLB advances
  • $1,821,895Loans and leases held for sale
  • $365Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $12,529,796Total unused commitments
  • $0Restructured Loans and leases
  • $42,738Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $316,871Total interest income
  • $2,592Total interest expense
  • $314,279Net interest income
  • $558,599Provision for loan and lease losses
  • $304,499Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $304,499Additional noninterest income
  • $72,083Total noninterest expense
  • $2,592Salaries and employee benefits
  • $2,393Premises and equipment expense
  • $67,098Additional noninterest expense
  • -$11,904Pre-tax net operating income
  • $0Securities gains (losses)
  • -$4,108Applicable income taxes
  • -$7,796Income before extraordinary items
  • $0Extraordinary gains - net
  • -$7,796Net income attributable to bank
  • $0Net charge-offs
  • -$7,796Cash dividends
  • $235,475Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 12.22%Yield on earning assets
  • 0.10%Cost of funding earning assets
  • 12.12%Net interest margin
  • 11.74%Noninterest income to earning assets
  • 2.78%Noninterest expense to earning assets
  • -0.27%Net operating income to assets
  • -0.27%Return on assets (ROA)
  • -0.41%Pretax return on assets
  • -0.70%Return on equity (ROE)
  • -0.70%Retained earnings to average equity (YTD only)
  • 8.48%Net charge-offs to loans
  • 237.22%Credit loss provision to net charge-offs
  • 2.32%Efficiency ratio
  • 9,047Assets per employee
  • 262.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 10.12%Loss allowance to noncurrent loans
  • 379.31%Noncurrent assets plus other real estate owned to assets
  • 2.71%Noncurrent loans to loans
  • 2.67%Net loans and leases to deposits
  • 424416.86%Net loans and leases to core deposits
  • 2241451.56%Equity capital to assets
  • 35.69%Core capital (leverage) ratio
  • 36.65%Tier 1 risk-based capital ratio
  • 35.34%Total risk-based capital ratio
  • Memoranda
  • $37Average assets
  • $2,875,087Average earning assets
  • $1,116,569Average equity
  • $2,593,726Average loans
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