Carolina Commercial Bank in Allendale, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 17, 2007

Carolina Commercial Bank in Allendale, South Carolina (SC)
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Carolina Commercial Bank - Overview

General
FDIC Certificate #: 15007
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Palmetto State Bank (#17563)
Federal Reserve ID: 785325
Date Established: January 26, 1935
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 9407
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: January 26, 1935
Last Structure Change Effective Date: Febuary 17, 2007
Last Structure Change Process Date: March 07, 2007
Last Data Update: March 07, 2007
Data Source Date: April 05, 2012
Location
Address: Main Street, Allendale, SC 29810
County: Allendale
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: $35.6 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
9Total employees (full-time equivalent)
$35,579Total assets
$1,239Cash and due from depository institutions
$0Interest-bearing balances
$20,167Securities
$200Federal funds sold & reverse repurchase agreements
$12,808Net loans & leases
$236Loan loss allowance
$0Trading account assets
$255Bank premises and fixed assets
$63Other real estate owned
$0Goodwill and other intangibles
$234Life insurance assets
$847All other assets
$35,579Total liabilities and capital
$31,132Total liabilities
$26,559Total deposits
$21,302Interest-bearing deposits
$26,559Deposits held in domestic offices
0.00%% insured (estimated)
$1,285Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,150Other borrowed funds
$0Subordinated debt
$138All other liabilities
$4,447Total equity capital
$4,447Total bank equity capital
$4,447Perpetual preferred stock
$0Common stock
$400Surplus
$3,700Undivided profits
Memoranda
$347Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$52Earning assets
$0Long-term assets (5+ years)
$377Average Assets, year-to-date
$33,175Average Assets, quarterly
$2,148Volatile liabilities
$34,888Insider loans
$35,897FHLB advances
$10,180Loans and leases held for sale
$300Unused loan commitments
$3,150Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$218Derivatives

Income and Expense (December 31, 2006)

Dollar figures in thousands
$1,661Total interest income
$664Total interest expense
$997Net interest income
$0Provision for loan and lease losses
$111Total noninterest income
$0Fiduciary activities
$82Service charges on deposit accounts
$0Trading account gains & fees
$29Additional noninterest income
$921Total noninterest expense
$542Salaries and employee benefits
$106Premises and equipment expense
$273Additional noninterest expense
$187Pre-tax net operating income
$0Securities gains (losses)
$11Applicable income taxes
$176Income before extraordinary items
$0Extraordinary gains - net
$176Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$19Sale, conversion, retirement of capital stock, net
$60Net operating income

Performance and Condition Ratios (December 31, 2006)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.15%Yield on earning assets
2.06%Cost of funding earning assets
3.09%Net interest margin
0.34%Noninterest income to earning assets
2.85%Noninterest expense to earning assets
0.50%Net operating income to assets
0.50%Return on assets (ROA)
0.54%Pretax return on assets
4.01%Return on equity (ROE)
2.64%Retained earnings to average equity (YTD only)
-0.17%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
83,123Assets per employee
3.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
34.09%Loss allowance to loans
1.81%Loss allowance to noncurrent loans
453.85%Noncurrent assets plus other real estate owned to assets
0.32%Noncurrent loans to loans
0.40%Net loans and leases to deposits
48.22%Net loans and leases to core deposits
61.54%Equity capital to assets
12.50%Core capital (leverage) ratio
12.72%Tier 1 risk-based capital ratio
25.75%Total risk-based capital ratio
Memoranda
$27Average assets
$34,888Average earning assets
$4,394Average equity
$32,260Average loans

Total Fiduciary and Related Assets (December 31, 2006)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$1,700Managed Assets
1Number of Accounts
$1,700Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$1,700Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

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