Vitals
  • Total Assets
    6.1B -5.5 %
  • Total Deposits
    501000.0000 -2.0 %
  • Total Net Loans
    5.7B -5.5 %
  • Net Income
  • Book Value
    1.1B -18.5 %
  • Book Value x2
    2.2B -18.5 %
  • Book Value x3
    3.3B -18.5 %
ROAA

.207

ROAE

.749

Efficiency Ratio

5.206

Net Interest Margin

.226

Balance Sheet Highlights
Financial Highlights First Union Direct Bank, National Association All Insured Commercial Banks in Georgia
Balance Sheet $(000)
Total Assets 6,107,345 159,944
Total Net Loans 5,744,710 119,880
Total Deposits 501 129,818
Total Equity 1,099,094 15,645
Profitability
Net Income — 6,578
Return on Average Assets .207 1.319
Return on Average Equity .749 13.59
Net Interest Margin .226 4.37
Efficiency Ratio 5.206 64.404
Noninterest Income/Revenue 9.966 13.189
Balance Sheet Ratios
Loan-to-Deposit 1146648.703 85.933
Securities/Assets .236
Total Equity/Total Assets .18 .098
Tangible Equity/Tangible Assets .18 -.245
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 1,096,554 14,897
Tier 2 Capital — 1,564
Total Capital 1,096,554 16,382
Total Risk Weighted Assets 1,228,876 123,088
Leverage Ratio 17.95 10.116
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 89.23 13.569
Total Capital Ratio 89.23 14.759

Timeline for First Union Direct Bank, National Association

Wachovia Bank, National Association

First Union Direct Bank, National Association was acquired by Wachovia Bank, National Association 19 years

View Profile Dec 01 2004

First Union Real Estate Asset Company Of Connecticut

First Union Real Estate Asset Company Of Connecticut became a new subsidiary organization for First Union Direct Bank, National Association.

View Profile Aug 01 1997

Wachovia Bank, National Association

Wachovia Bank, National Association became a new parent organization for First Union Direct Bank, National Association.

View Profile Jun 05 1997

First Union Direct Bank, National Association

First Union Direct Bank, National Association was established 26 years ago and is currently headquartered in Augusta, GA.

Jun 02 1997

First Union National Bank Of Georgia

First Union National Bank Of Georgia became a new parent organization for First Union Direct Bank, National Association.

View Profile Jun 01 1997
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Wachovia Bank, National Association Buyer 510,083,000 Pooling of Interests Discontinued 12/1/2004
Relationships Role Relationship Start Relationship End
Wachovia Bank, National Association Parent 6/5/1997 11/30/2004
First Union National Bank Of Georgia Parent 6/1/1997 6/4/1997
First Union Real Estate Asset Company Of Connecticut Subsidary 8/1/1997 11/29/2001
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