Wachovia Card Services, National Association
Atlanta, GA — National Bank
Acquired Apr 2010
Vitals
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Total Assets3.0B 12.8 %
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Total Deposits1.1M 1,167.0 %
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Total Net Loans2.7B 14.0 %
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Net Income5.9M
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Book Value1.1B 3.7 %
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Book Value x22.3B 3.7 %
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Book Value x33.4B 3.7 %
Balance Sheet Highlights
Financial Highlights | Wachovia Card Services, National Association | All Insured Commercial Banks in Georgia |
Balance Sheet $(000) | ||
Total Assets | 2,983,235 | 232,450 |
Total Net Loans | 2,705,336 | 157,333 |
Total Deposits | 1,115 | 197,460 |
Total Equity | 1,129,617 | 19,316 |
Profitability | ||
Net Income | 5,911 | -176 |
Return on Average Assets | .776 | -.248 |
Return on Average Equity | 2.099 | -4.985 |
Net Interest Margin | 10.259 | 3.366 |
Efficiency Ratio | 14.154 | 88.401 |
Noninterest Income/Revenue | 20.425 | 10.681 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 242631.031 | 76.294 |
Securities/Assets | .192 | |
Total Equity/Total Assets | .379 | .083 |
Tangible Equity/Tangible Assets | .331 | -1.445 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 1,115,529 | 18,260 |
Tier 2 Capital | 40,749 | 2,143 |
Total Capital | 1,156,278 | 20,389 |
Total Risk Weighted Assets | 2,970,395 | 167,998 |
Leverage Ratio | 36.77 | 8.807 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 37.55 | 12.606 |
Total Capital Ratio | 38.93 | 13.849 |
Timeline for Wachovia Card Services, National Association
Wells Fargo Bank, National Association
Wachovia Card Services, National Association was acquired by Wells Fargo Bank, National Association 14 years
View Profile Apr 10 2010Wells Fargo Bank, National Association
Wells Fargo Bank, National Association became a new parent organization for Wachovia Card Services, National Association.
View Profile Mar 20 2010Wachovia Card Receivables Llc
Wachovia Card Receivables Llc became a new subsidiary organization for Wachovia Card Services, National Association.
View Profile Feb 05 2008Wachovia Card Services, National Association
Wachovia Card Services, National Association was established 17 years ago and is currently headquartered in Atlanta, GA.
Jan 01 2007Wachovia Bank, National Association
Wachovia Bank, National Association became a new parent organization for Wachovia Card Services, National Association.
View Profile Jan 01 2007Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Wells Fargo Bank, National Association | Buyer | 1,740,819,000 | Pooling of Interests | Discontinued | 4/10/2010 |
Relationships | Role | Relationship Start | Relationship End |
Wells Fargo Bank, National Association | Parent | 3/20/2010 | 4/9/2010 |
Wachovia Bank, National Association | Parent | 6/30/2007 | 3/19/2010 |
Wachovia Bank, National Association | Parent | 1/1/2007 | 6/29/2007 |
Wachovia Card Receivables Llc | Subsidary | 2/5/2008 | 3/19/2010 |
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