Bank of Charleston, National Association in Charleston, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 17, 1998

  • Bank of Charleston, National Association in Charleston, South Carolina (SC)
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Bank of Charleston, National Association - Overview

  • General
  • FDIC Certificate #: 32920
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Anchor Bank (#21758)
    Federal Reserve ID: 1445000
    Date Established: April 12, 1990
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    OTS Docket #: 10695
    FDIC's unique #: 45834
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: April 12, 1990
    Last Structure Change Effective Date: October 17, 1998
    Last Structure Change Process Date: Febuary 10, 1999
    Last Data Update: Febuary 10, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 276 East Bay Street, Charleston, SC 29401
    County: Charleston
    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): Charleston-North Charleston, SC (#1440)
    Core Based Statistical Area (CBSA): Charleston-North Charleston-Summerville, SC (#16700)
    CBSA Metro Statistical Area: Charleston-North Charleston-Summerville, SC (#16700)
  • Financial Summary
  • Total assets: $108.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 28Total employees (full-time equivalent)
  • $100,124Total assets
  • $4,421Cash and due from depository institutions
  • $0Interest-bearing balances
  • $17,390Securities
  • $2,695Federal funds sold & reverse repurchase agreements
  • $74,194Net loans & leases
  • $951Loan loss allowance
  • $0Trading account assets
  • $448Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $976All other assets
  • $100,124Total liabilities and capital
  • $89,877Total liabilities
  • $87,642Total deposits
  • $74,135Interest-bearing deposits
  • $87,642Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $679Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $987Other borrowed funds
  • $0Subordinated debt
  • $569All other liabilities
  • $10,247Total equity capital
  • $10,247Total bank equity capital
  • $10,247Perpetual preferred stock
  • $0Common stock
  • $2,750Surplus
  • $2,750Undivided profits
  • Memoranda
  • $4,747Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $112Earning assets
  • $0Long-term assets (5+ years)
  • $530Average Assets, year-to-date
  • $94,279Average Assets, quarterly
  • $4,814Volatile liabilities
  • $92,765Insider loans
  • $97,228FHLB advances
  • $19,313Loans and leases held for sale
  • $4,807Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $11,475Total unused commitments
  • $0Restructured Loans and leases
  • $83,033Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $8,024Total interest income
  • $3,281Total interest expense
  • $4,743Net interest income
  • $238Provision for loan and lease losses
  • $602Total noninterest income
  • $0Fiduciary activities
  • $417Service charges on deposit accounts
  • $0Trading account gains & fees
  • $185Additional noninterest income
  • $2,594Total noninterest expense
  • $1,201Salaries and employee benefits
  • $337Premises and equipment expense
  • $1,056Additional noninterest expense
  • $2,513Pre-tax net operating income
  • $0Securities gains (losses)
  • $929Applicable income taxes
  • $1,584Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,584Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $119Sale, conversion, retirement of capital stock, net
  • $150Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.24%Yield on earning assets
  • 3.78%Cost of funding earning assets
  • 5.46%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 2.99%Noninterest expense to earning assets
  • 1.71%Net operating income to assets
  • 1.71%Return on assets (ROA)
  • 2.71%Pretax return on assets
  • 16.65%Return on equity (ROE)
  • 15.07%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 200.00%Credit loss provision to net charge-offs
  • 23.12%Efficiency ratio
  • 48,531Assets per employee
  • 3.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 9.47%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 849.11%Noncurrent assets plus other real estate owned to assets
  • 0.11%Noncurrent loans to loans
  • 0.15%Net loans and leases to deposits
  • 84.66%Net loans and leases to core deposits
  • 106.00%Equity capital to assets
  • 10.23%Core capital (leverage) ratio
  • 10.60%Tier 1 risk-based capital ratio
  • 12.34%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $92,765Average earning assets
  • $9,513Average equity
  • $86,876Average loans

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