FDIC Certificate #: 16469 Status: Inactive Closing history: Corrections Acquiring institution:Cooperative Bank (#27837) Federal Reserve ID: 414728 Date Established: August 12, 1946 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 10633 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: August 12, 1946 Last Structure Change Effective Date: September 01, 2007 Last Structure Change Process Date: September 28, 2007 Last Data Update: September 28, 2007 Data Source Date: April 05, 2012
Location
Address: 144 S Main Street, Jefferson, SC 29718 County: Chesterfield 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
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $14.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2006)
Dollar figures in thousands
7Total employees (full-time equivalent)
$14,791Total assets
$1,180Cash and due from depository institutions
$300Interest-bearing balances
$4,048Securities
$1,918Federal funds sold & reverse repurchase agreements
$7,154Net loans & leases
$232Loan loss allowance
$0Trading account assets
$71Bank premises and fixed assets
$161Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$259All other assets
$14,791Total liabilities and capital
$12,732Total liabilities
$12,689Total deposits
$5,658Interest-bearing deposits
$12,689Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$43All other liabilities
$2,059Total equity capital
$2,059Total bank equity capital
$2,059Perpetual preferred stock
$0Common stock
$125Surplus
$725Undivided profits
Memoranda
$1,209Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$274Earning assets
$0Long-term assets (5+ years)
$216Average Assets, year-to-date
$13,420Average Assets, quarterly
$1,842Volatile liabilities
$14,736Insider loans
$14,791FHLB advances
$365Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$102Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$961Total interest income
$127Total interest expense
$834Net interest income
$60Provision for loan and lease losses
$185Total noninterest income
$0Fiduciary activities
$159Service charges on deposit accounts
$0Trading account gains & fees
$26Additional noninterest income
$810Total noninterest expense
$423Salaries and employee benefits
$77Premises and equipment expense
$310Additional noninterest expense
$149Pre-tax net operating income
$0Securities gains (losses)
$55Applicable income taxes
$94Income before extraordinary items
$0Extraordinary gains - net
$94Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$74Sale, conversion, retirement of capital stock, net
$38Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.12%Yield on earning assets
0.94%Cost of funding earning assets
6.18%Net interest margin
1.37%Noninterest income to earning assets
6.00%Noninterest expense to earning assets
0.64%Net operating income to assets
0.64%Return on assets (ROA)
1.01%Pretax return on assets
4.57%Return on equity (ROE)
2.72%Retained earnings to average equity (YTD only)
0.99%Net charge-offs to loans
81.08%Credit loss provision to net charge-offs
2.82%Efficiency ratio
79,490Assets per employee
2.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.43%Loss allowance to loans
3.14%Loss allowance to noncurrent loans
84.67%Noncurrent assets plus other real estate owned to assets
2.94%Noncurrent loans to loans
3.71%Net loans and leases to deposits
56.38%Net loans and leases to core deposits
58.05%Equity capital to assets
13.92%Core capital (leverage) ratio
13.92%Tier 1 risk-based capital ratio
25.63%Total risk-based capital ratio
Memoranda
$27Average assets
$14,736Average earning assets
$2,056Average equity
$13,497Average loans
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