FDIC Certificate #: 58432 Status: Active Federal Reserve ID: 3486623 Date Established: January 08, 2007 WWW:http://www.carolinaalliancebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 451635 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 08, 2007 Last Structure Change Effective Date: May 27, 2008 Last Structure Change Process Date: May 27, 2008 Last Data Update: May 27, 2008 Data Source Date: April 05, 2012
Location
Address: 200 South Church Street, Spartanburg, SC 29306 County: Spartanburg 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): Greenville-Spartanburg-Anderson, SC (#3160) Combined Statistical Area (CSA): Greenville-Spartanburg-Anderson, SC (#273) Core Based Statistical Area (CBSA): Spartanburg, SC (#43900) CBSA Metro Statistical Area: Spartanburg, SC (#43900)
History of Changes
Change in Location
Financial Summary
Total assets: $238.9 mil Equity capital: $30.1 mil Deposits held in domestic offices: $198.0 mil Return on assets (ROA): 0.51% ($1.2 mil) Quarterly return on assets: 0.70% ($1.7 mil) Return on Equity (ROE): 4.72% ($1.4 mil) Quarterly return on equity: 5.82% ($1.7 mil) Net income: $1.2 mil Quarterly Net income: $0.4 mil Pretax return on assets: 0.54% ($1,290.0 mil) Quarterly Pretax return on assets: 0.88% ($2,102.2 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
36Total employees (full-time equivalent)
$238,889Total assets
$14,074Cash and due from depository institutions
$8,890Interest-bearing balances
$49,783Securities
$0Federal funds sold & reverse repurchase agreements
$164,421Net loans & leases
$3,773Loan loss allowance
$0Trading account assets
$6,982Bank premises and fixed assets
$877Other real estate owned
$0Goodwill and other intangibles
$238,890Life insurance assets
$2,752All other assets
$208,840Total liabilities and capital
$197,965Total liabilities
$176,961Total deposits
$197,965Interest-bearing deposits
$83Deposits held in domestic offices
7090.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$3,000Trading liabilities
$0Other borrowed funds
$785Subordinated debt
$30,050All other liabilities
$30,050Total equity capital
$30,050Total bank equity capital
$4,975Perpetual preferred stock
$2,500Common stock
$23,624Surplus
$-1,049Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$700Income earned, not collected on loans
$0Earning assets
$706Long-term assets (5+ years)
$223,094Average Assets, year-to-date
$47,206Average Assets, quarterly
$237,924Volatile liabilities
$246,603Insider loans
$183,153FHLB advances
$249,535Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$28,539Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$28,773Restructured Loans and leases
$6,800Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$10,259Total interest income
$2,126Total interest expense
$8,133Net interest income
$1,480Provision for loan and lease losses
$298Total noninterest income
$0Fiduciary activities
$179Service charges on deposit accounts
$0Trading account gains & fees
$119Additional noninterest income
$5,674Total noninterest expense
$3,592Salaries and employee benefits
$492Premises and equipment expense
$1,590Additional noninterest expense
$1,277Pre-tax net operating income
$0Securities gains (losses)
$53Applicable income taxes
$1,224Income before extraordinary items
$0Extraordinary gains - net
$1,224Net income attributable to bank
$0Net charge-offs
$1,224Cash dividends
$501Sale, conversion, retirement of capital stock, net
$18Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.63%Yield on earning assets
0.96%Cost of funding earning assets
3.67%Net interest margin
0.13%Noninterest income to earning assets
2.56%Noninterest expense to earning assets
0.51%Net operating income to assets
0.51%Return on assets (ROA)
0.54%Pretax return on assets
4.72%Return on equity (ROE)
4.65%Retained earnings to average equity (YTD only)
0.31%Net charge-offs to loans
295.41%Credit loss provision to net charge-offs
5.50%Efficiency ratio
67,299Assets per employee
6.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
1.47%Loss allowance to loans
2.24%Loss allowance to noncurrent loans
539.00%Noncurrent assets plus other real estate owned to assets
0.66%Noncurrent loans to loans
0.42%Net loans and leases to deposits
83.06%Net loans and leases to core deposits
104.07%Equity capital to assets
12.58%Core capital (leverage) ratio
11.44%Tier 1 risk-based capital ratio
15.58%Total risk-based capital ratio
Memoranda
$17Average assets
$237,924Average earning assets
$25,944Average equity
$221,812Average loans
List of branches
1 South Carolina Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
451635
Carolina Alliance Bank
200 South Church Street, Spartanburg, SC 29306
January 08, 2007
Full Service Brick and Mortar
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