Woodruff Federal Savings and Loan Association in Woodruff, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Woodruff Federal Savings and Loan Association in Woodruff, South Carolina (SC)
  • Show street view No street view available for this location

Woodruff Federal Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 29238
    Status: Active
    Federal Reserve ID: 661474
    Date Established: December 14, 1934
    WWW: http://www.woodrufffederal.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 #: 3150
    FDIC's unique #: 42072
    Numeric code: 38
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: December 14, 1934
    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: 247 North Main Street, Woodruff, SC 29388
    County: Spartanburg
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Columbia Sc
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Greenville-Spartanburg-Anderson, SC (#3160)
    Combined Statistical Area (CSA): Greenville-Spartanburg-Anderson, SC (#273)
    Core Based Statistical Area (CBSA): Spartanburg, SC (#43900)
    CBSA Metro Statistical Area: Spartanburg, SC (#43900)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $97.7 mil
    Equity capital: $29.7 mil
    Deposits held in domestic offices: $66.3 mil
    Return on assets (ROA): 0.50% ($0.5 mil)
    Quarterly return on assets: 0.25% ($0.2 mil)
    Return on Equity (ROE): 1.63% ($0.5 mil)
    Quarterly return on equity: 0.81% ($0.2 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.69% ($673.9 mil)
    Quarterly Pretax return on assets: 0.36% ($351.6 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)
  • $97,667Total assets
  • $30,320Cash and due from depository institutions
  • $29,868Interest-bearing balances
  • $4,983Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $53,294Net loans & leases
  • $652Loan loss allowance
  • $0Trading account assets
  • $1,319Bank premises and fixed assets
  • $1,094Other real estate owned
  • $0Goodwill and other intangibles
  • $97,667Life insurance assets
  • $6,657All other assets
  • $67,996Total liabilities and capital
  • $66,333Total liabilities
  • $66,333Total deposits
  • $66,333Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,663Subordinated debt
  • $29,671All other liabilities
  • $29,671Total equity capital
  • $29,671Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $29,671Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,702Income earned, not collected on loans
  • $0Earning assets
  • $310Long-term assets (5+ years)
  • $88,145Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $96,188Volatile liabilities
  • $97,379Insider loans
  • $45,334FHLB advances
  • $97,667Loans and leases held for sale
  • $5,673Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $29,671Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,084Restructured Loans and leases
  • $267Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,395Total interest income
  • $1,006Total interest expense
  • $2,389Net interest income
  • $90Provision for loan and lease losses
  • $112Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $112Additional noninterest income
  • $1,749Total noninterest expense
  • $1,196Salaries and employee benefits
  • $308Premises and equipment expense
  • $245Additional noninterest expense
  • $662Pre-tax net operating income
  • $0Securities gains (losses)
  • $181Applicable income taxes
  • $481Income before extraordinary items
  • $0Extraordinary gains - net
  • $481Net income attributable to bank
  • $0Net charge-offs
  • $481Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.91%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 2.75%Net interest margin
  • 0.13%Noninterest income to earning assets
  • 2.02%Noninterest expense to earning assets
  • 0.50%Net operating income to assets
  • 0.50%Return on assets (ROA)
  • 0.69%Pretax return on assets
  • 1.63%Return on equity (ROE)
  • 1.63%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 69,932Assets per employee
  • 10.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 38.31%Noncurrent assets plus other real estate owned to assets
  • 2.86%Noncurrent loans to loans
  • 3.16%Net loans and leases to deposits
  • 80.34%Net loans and leases to core deposits
  • 83.77%Equity capital to assets
  • 30.38%Core capital (leverage) ratio
  • 30.38%Tier 1 risk-based capital ratio
  • 65.45%Total risk-based capital ratio
  • Memoranda
  • $67Average assets
  • $96,188Average earning assets
  • $29,464Average equity
  • $86,746Average loans

List of branches

  • 1 South Carolina Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042072Woodruff Federal Savings And Loan As247 North Main Street, Woodruff, SC 29388December 14, 1934Full Service Brick and Mortar

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 Woodruff Federal Savings and Loan 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.
Table of Contents