FDIC Certificate #: 58222 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:SCBT National Association (#13425) Federal Reserve ID: 3441592 Date Established: May 18, 2006 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) FDIC's unique #: 443020 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: May 18, 2006 Last Structure Change Effective Date: July 29, 2011 Last Structure Change Process Date: August 01, 2011 Last Data Update: August 01, 2011 Data Source Date: April 05, 2012
Location
Address: 1320 Main Street, Columbia, SC 29201 County: Richland 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): Columbia, SC (#1760) Combined Statistical Area (CSA): Columbia-Newberry, SC (#192) Core Based Statistical Area (CBSA): Columbia, SC (#17900) CBSA Metro Statistical Area: Columbia, SC (#17900)
Financial Summary
Total assets: $232.6 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
35Total employees (full-time equivalent)
$258,425Total assets
$24,127Cash and due from depository institutions
$22,246Interest-bearing balances
$37,838Securities
$0Federal funds sold & reverse repurchase agreements
$180,371Net loans & leases
$7,262Loan loss allowance
$0Trading account assets
$1,640Bank premises and fixed assets
$10,184Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,265All other assets
$258,425Total liabilities and capital
$247,714Total liabilities
$223,597Total deposits
$217,724Interest-bearing deposits
$223,597Deposits held in domestic offices
94.57%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$23,000Other borrowed funds
$0Subordinated debt
$1,117All other liabilities
$10,711Total equity capital
$10,711Total bank equity capital
$10,711Perpetual preferred stock
$0Common stock
$15,787Surplus
$16,533Undivided profits
Memoranda
$-21,609Noncurrent loans and leases
$14,351Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$34,395Earning assets
$0Long-term assets (5+ years)
$836Average Assets, year-to-date
$240,455Average Assets, quarterly
$17,317Volatile liabilities
$279,573Insider loans
$263,335FHLB advances
$39,992Loans and leases held for sale
$8,191Unused loan commitments
$23,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$14,351Total unused commitments
$0Restructured Loans and leases
$2,396Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$12,401Total interest income
$5,318Total interest expense
$7,083Net interest income
$7,474Provision for loan and lease losses
-$1,054Total noninterest income
$0Fiduciary activities
$159Service charges on deposit accounts
$0Trading account gains & fees
-$1,213Additional noninterest income
$8,343Total noninterest expense
$3,226Salaries and employee benefits
$1,151Premises and equipment expense
$3,966Additional noninterest expense
-$9,788Pre-tax net operating income
$597Securities gains (losses)
$395Applicable income taxes
-$9,586Income before extraordinary items
$0Extraordinary gains - net
-$9,586Net income attributable to bank
$0Net charge-offs
-$9,586Cash dividends
$6,052Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.72%Yield on earning assets
2.03%Cost of funding earning assets
2.70%Net interest margin
-0.40%Noninterest income to earning assets
3.18%Noninterest expense to earning assets
-3.64%Net operating income to assets
-3.43%Return on assets (ROA)
-3.29%Pretax return on assets
-57.62%Return on equity (ROE)
-57.62%Retained earnings to average equity (YTD only)
2.85%Net charge-offs to loans
123.50%Credit loss provision to net charge-offs
-0.38%Efficiency ratio
138,381Assets per employee
7.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.87%Loss allowance to noncurrent loans
21.11%Noncurrent assets plus other real estate owned to assets
17.30%Noncurrent loans to loans
18.33%Net loans and leases to deposits
80.67%Net loans and leases to core deposits
96.66%Equity capital to assets
4.14%Core capital (leverage) ratio
4.17%Tier 1 risk-based capital ratio
5.91%Total risk-based capital ratio
Memoranda
$7Average assets
$279,573Average earning assets
$16,637Average equity
$262,538Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with BankMeridian, N.A..
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: