FDIC Certificate #: 16782 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Anderson Brothers Bank (#9923) Federal Reserve ID: 279927 Date Established: January 02, 1935 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 16139 FDIC's unique #: 10893 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: April 07, 1949 Last Structure Change Effective Date: June 16, 2000 Last Structure Change Process Date: July 25, 2000 Last Data Update: July 25, 2000 Data Source Date: April 05, 2012
Location
Address: Main Street, Hemingway, SC 29554 County: Williamsburg 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
Financial Summary
Total assets: $84.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
46Total employees (full-time equivalent)
$80,660Total assets
$5,208Cash and due from depository institutions
$0Interest-bearing balances
$27,162Securities
$0Federal funds sold & reverse repurchase agreements
$45,362Net loans & leases
$525Loan loss allowance
$0Trading account assets
$1,979Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$949All other assets
$80,660Total liabilities and capital
$73,626Total liabilities
$73,302Total deposits
$60,971Interest-bearing deposits
$73,302Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$324All other liabilities
$7,034Total equity capital
$7,034Total bank equity capital
$7,034Perpetual preferred stock
$0Common stock
$1,500Surplus
$3,500Undivided profits
Memoranda
$2,034Noncurrent loans and leases
$5,259Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$619Earning assets
$0Long-term assets (5+ years)
$418Average Assets, year-to-date
$72,524Average Assets, quarterly
$13,595Volatile liabilities
$79,375Insider loans
$80,990FHLB advances
$10,919Loans and leases held for sale
$1,325Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,259Total unused commitments
$0Restructured Loans and leases
$525Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$5,601Total interest income
$2,287Total interest expense
$3,314Net interest income
$136Provision for loan and lease losses
$546Total noninterest income
$0Fiduciary activities
$416Service charges on deposit accounts
$0Trading account gains & fees
$130Additional noninterest income
$2,752Total noninterest expense
$1,653Salaries and employee benefits
$525Premises and equipment expense
$574Additional noninterest expense
$972Pre-tax net operating income
$9Securities gains (losses)
$299Applicable income taxes
$682Income before extraordinary items
$0Extraordinary gains - net
$682Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$136Sale, conversion, retirement of capital stock, net
$560Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.82%Yield on earning assets
3.19%Cost of funding earning assets
4.62%Net interest margin
0.76%Noninterest income to earning assets
3.84%Noninterest expense to earning assets
0.85%Net operating income to assets
0.86%Return on assets (ROA)
1.24%Pretax return on assets
9.26%Return on equity (ROE)
1.66%Retained earnings to average equity (YTD only)
0.32%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
8.15%Efficiency ratio
71,295Assets per employee
1.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
82.11%Loss allowance to loans
1.14%Loss allowance to noncurrent loans
84.81%Noncurrent assets plus other real estate owned to assets
0.77%Noncurrent loans to loans
1.35%Net loans and leases to deposits
61.88%Net loans and leases to core deposits
72.72%Equity capital to assets
8.72%Core capital (leverage) ratio
9.25%Tier 1 risk-based capital ratio
14.16%Total risk-based capital ratio
Memoranda
$15Average assets
$79,375Average earning assets
$7,365Average equity
$71,660Average loans
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