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2004 Annual Report
VI. Appendix A – Key Statistics
Income and Expenses, Savings Association Insurance Fund, by Year,from Beginning of Operations, August 9, 1989, through December 31, 2004
(Dollars in Thousands)
|
| Income |
| Year |
Total |
Assessment
Income |
Investment and
Other Sources |
Effective
Assessment Rate |
| Total |
$13,906,514 |
$8,651,474 |
$5,255,040 |
|
| 2004 |
564,775 |
8,891 |
555,884 |
0.001% |
| 2003 |
547,260 |
14,594 |
532,666 |
0.001% |
| 2002 |
588,821 |
23,783 |
565,038 |
0.003% |
| 2001 |
733,121 |
35,402 |
697,719 |
0.004% |
| 2000 |
664,080 |
19,237 |
644,843 |
0.002% |
| 1999 |
600,995 |
15,116 |
585,879 |
0.002% |
| 1998 |
583,859 |
15,352 |
568,507 |
0.002% |
| 1997 |
549,912 |
13,914 |
535,998 |
0.004% |
| 1996 |
5,501,684 |
5,221,560 |
280,124 |
0.204% |
| 1995 |
1,139,916 |
970,027 |
169,889 |
0.234% |
| 1994 |
1,215,289 |
1,132,102 |
83,187 |
0.244% |
| 1993 |
923,516 |
897,692 |
25,824 |
0.250% |
| 1992 |
178,643 |
172,079 |
6,564 |
0.230% |
| 1991 |
96,446 |
93,530 |
2,916 |
0.230% |
| 1990 |
18,195 |
18,195 |
0 |
0.208% |
| 1989 |
2 |
0 |
2 |
0.208% |
| Expenses and Losses |
| Year |
Total |
Provision for Losses |
Interest & Other Ins. Expenses |
Administrative and Operating Expenses |
Funding Transfer from the FSLIC Resolution Fund |
Net Income/(Loss) |
| Total |
$1,563,784 |
$396,588 |
$30,109 |
$1,137,087 |
$139,498 |
$12,482,228 |
| 2004 |
48,324 |
(72,162) |
204 |
120,282 |
0 |
516,451 |
| 2003 |
47,200 |
(82,489) |
105 |
129,584 |
0 |
500,060 |
| 2002 |
(31,380) |
(156,494) |
751 |
124,363 |
0 |
620,201 |
| 2001 |
564,083 |
443,103 |
19,389 |
101,591 |
0 |
169,038 |
| 2000 |
300,018 |
180,805 |
8,293 |
110,920 |
0 |
364,062 |
| 1999 |
124,156 |
30,648 |
626 |
92,882 |
0 |
476,839 |
| 1998 |
116,629 |
31,992 |
9 |
84,628 |
0 |
467,230 |
| 1997 |
69,986 |
(1,879) |
0 |
71,865 |
0 |
479,926 |
| 1996 |
(28,890) |
(91,636) |
128 |
62,618 |
0 |
5,530,574 |
| 1995 |
(281,216) |
(321,000) |
0 |
39,784 |
0 |
1,421,132 |
| 1994 |
434,303 |
414,000 |
0 |
20,303 |
0 |
780,986 |
| 1993 |
46,814 |
16,531 |
0 |
30,283 |
0 |
876,702 |
| 1992 |
28,982 |
(14,945) |
(5) |
43,932 |
35,446 |
185,107 |
| 1991 |
63,085 |
20,114 |
609 |
42,362 |
42,362 |
75,723 |
| 1990 |
56,088 |
0 |
0 |
56,088 |
56,088 |
18,195 |
| 1989 |
5,602 |
0 |
0 |
5,602 |
5,602 |
2 |
| FDIC- Insured Institutions Closed During 2004 |
| Name and Location |
Bank Class |
Number of Deposit Accounts |
Total Assets |
Total Deposits |
FDIC
Disbur-sements |
Estimated Loss 1 |
Date of Closing or Acquisition |
Receiver/
Assuming
Bank and Location |
| Bank Insurance Fund |
| Purchase and Assumption - Insured Deposits |
Bank of Ephraim
Ephriam, UT |
SM |
8,412 |
$46,181 |
$39,432 |
$39,327 |
$5,379 |
06/25/04 |
Far West Bank
Provo, UT
|
| Whole Bank Purchase and Assumption - All Deposits2 |
Guaranty National Bank
Tallahassee, FL |
N |
7,135 |
$77,280 |
$69,301 |
$69,306 |
$0 |
03/12/04 |
Hancock Bank of Florida
Tallahassee, FL
|
| Purchase and Assumption - All Deposits3 |
Reliance Bank
White Plains, NY
|
NM |
1,184 |
$27,059 |
$24,147 |
$24,147 |
$3,991 |
03/19/04 |
Union State Bank
Orangeburg, NY
|
| Savings Association Insurance Fund |
| Direct Payoff |
| Dollar Savings Bank Newark, NJ |
SB |
1,064 |
$15,346 |
$13,005 |
$5,634 |
$0 |
02/14/04 |
Federal Deposit Insurance Corp |
| Codes for Bank Class: |
NM = State-chartered bank that is not a member of the Federal Reserve System
N = National bank
SB = Savings bank
SM = State-chartered bank that is a member of the Federal Reserve System |
1 Estimated losses are as of December 31, 2004. Estimated losses are routinely adjusted with updated information from new appraisals and asset sales, which ultimately affect the asset values and projected recoveries.
2 The buyer purchased essentially all the assets and liabilities of the bank.
3 The buyer bids one price for the deposit franchise and then bids for optional asset pools for the bank. |
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