Wake Forest Federal Savings and Loan Association in Wake Forest, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Wake Forest Federal Savings and Loan Association in Wake Forest, North Carolina (NC)
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Wake Forest Federal Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 27704
    Status: Active
    Federal Reserve ID: 900379
    Date Established: January 01, 1922
    WWW: http://www.wakeforestfederal.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 143
    FDIC's unique #: 40538
    Numeric code: 37
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 25, 1956
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 302 South Brooks Street, Wake Forest, NC 27587
    County: Wake
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Raleigh
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Raleigh-Durham-Chapel Hill, NC (#6640)
    Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450)
    Core Based Statistical Area (CBSA): Raleigh-Cary, NC (#39580)
    CBSA Metro Statistical Area: Raleigh-Cary, NC (#39580)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $115.9 mil
    Equity capital: $21.0 mil
    Deposits held in domestic offices: $93.6 mil
    Return on assets (ROA): 0.45% ($0.5 mil)
    Quarterly return on assets: 0.52% ($0.6 mil)
    Return on Equity (ROE): 2.45% ($0.5 mil)
    Quarterly return on equity: 2.90% ($0.6 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.70% ($811.6 mil)
    Quarterly Pretax return on assets: 0.82% ($950.7 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, 2011)

  • Dollar figures in thousands
  • 9Total employees (full-time equivalent)
  • $115,937Total assets
  • $39,177Cash and due from depository institutions
  • $37,863Interest-bearing balances
  • $1,735Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $70,699Net loans & leases
  • $1,285Loan loss allowance
  • $0Trading account assets
  • $265Bank premises and fixed assets
  • $1,312Other real estate owned
  • $0Goodwill and other intangibles
  • $115,937Life insurance assets
  • $2,749All other assets
  • $94,942Total liabilities and capital
  • $93,636Total liabilities
  • $92,363Total deposits
  • $93,636Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,306Subordinated debt
  • $20,995All other liabilities
  • $20,995Total equity capital
  • $20,995Total bank equity capital
  • $0Perpetual preferred stock
  • $12Common stock
  • $5,294Surplus
  • $15,689Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,337Income earned, not collected on loans
  • $0Earning assets
  • $157Long-term assets (5+ years)
  • $110,297Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $114,801Volatile liabilities
  • $116,223Insider loans
  • $67,000FHLB advances
  • $115,929Loans and leases held for sale
  • $1,341Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $20,990Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,817Restructured Loans and leases
  • $1,166Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,167Total interest income
  • $1,632Total interest expense
  • $2,535Net interest income
  • $235Provision for loan and lease losses
  • $123Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $123Additional noninterest income
  • $1,621Total noninterest expense
  • $875Salaries and employee benefits
  • $165Premises and equipment expense
  • $581Additional noninterest expense
  • $802Pre-tax net operating income
  • $0Securities gains (losses)
  • $291Applicable income taxes
  • $511Income before extraordinary items
  • $0Extraordinary gains - net
  • $511Net income attributable to bank
  • $0Net charge-offs
  • $511Cash dividends
  • $86Sale, conversion, retirement of capital stock, net
  • $198Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.84%Yield on earning assets
  • 1.50%Cost of funding earning assets
  • 2.34%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 1.49%Noninterest expense to earning assets
  • 0.45%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.70%Pretax return on assets
  • 2.45%Return on equity (ROE)
  • 1.50%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 273.26%Credit loss provision to net charge-offs
  • 12.06%Efficiency ratio
  • 60,986Assets per employee
  • 12.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.75%Loss allowance to loans
  • 1.79%Loss allowance to noncurrent loans
  • 54.99%Noncurrent assets plus other real estate owned to assets
  • 3.15%Noncurrent loans to loans
  • 3.25%Net loans and leases to deposits
  • 75.50%Net loans and leases to core deposits
  • 80.29%Equity capital to assets
  • 18.11%Core capital (leverage) ratio
  • 18.11%Tier 1 risk-based capital ratio
  • 31.33%Total risk-based capital ratio
  • Memoranda
  • $33Average assets
  • $114,801Average earning assets
  • $20,835Average equity
  • $108,502Average loans

List of branches

  • 1 North Carolina Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    040538Wake Forest Federal Savings And Loan302 South Brooks Street, Wake Forest, NC 27587January 01, 1922Full Service Brick and Mortar

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