FDIC Certificate #: 9920 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Arthur State Bank (#15085) Federal Reserve ID: 287324 Date Established: August 30, 1932 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 11576 FDIC's unique #: 6344 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: September 25, 2003 Last Structure Change Process Date: October 30, 2003 Last Data Update: October 30, 2003 Data Source Date: April 05, 2012
Location
Address: 110 Alabama Avenue, Chesnee, SC 29323 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)
Financial Summary
Total assets: $81.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
23Total employees (full-time equivalent)
$76,775Total assets
$2,399Cash and due from depository institutions
$50Interest-bearing balances
$9,415Securities
$9,025Federal funds sold & reverse repurchase agreements
$52,912Net loans & leases
$768Loan loss allowance
$0Trading account assets
$1,771Bank premises and fixed assets
$86Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,167All other assets
$76,775Total liabilities and capital
$70,994Total liabilities
$70,768Total deposits
$60,913Interest-bearing deposits
$70,768Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$226All other liabilities
$5,781Total equity capital
$5,781Total bank equity capital
$5,781Perpetual preferred stock
$0Common stock
$600Surplus
$3,200Undivided profits
Memoranda
$1,981Noncurrent loans and leases
$7,571Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$116Earning assets
$0Long-term assets (5+ years)
$344Average Assets, year-to-date
$71,402Average Assets, quarterly
$13,288Volatile liabilities
$76,859Insider loans
$76,709FHLB advances
$12,198Loans and leases held for sale
$211Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,571Total unused commitments
$0Restructured Loans and leases
$691Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$4,407Total interest income
$1,157Total interest expense
$3,250Net interest income
$290Provision for loan and lease losses
$610Total noninterest income
$23Fiduciary activities
$479Service charges on deposit accounts
$0Trading account gains & fees
$108Additional noninterest income
$2,092Total noninterest expense
$1,021Salaries and employee benefits
$257Premises and equipment expense
$814Additional noninterest expense
$1,478Pre-tax net operating income
$0Securities gains (losses)
$503Applicable income taxes
$975Income before extraordinary items
$0Extraordinary gains - net
$975Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$32Sale, conversion, retirement of capital stock, net
$354Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.17%Yield on earning assets
1.62%Cost of funding earning assets
4.55%Net interest margin
0.85%Noninterest income to earning assets
2.93%Noninterest expense to earning assets
1.27%Net operating income to assets
1.27%Return on assets (ROA)
1.92%Pretax return on assets
17.49%Return on equity (ROE)
11.14%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
906.25%Credit loss provision to net charge-offs
55.25%Efficiency ratio
54,197Assets per employee
3.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
36.31%Loss allowance to loans
1.43%Loss allowance to noncurrent loans
662.07%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.22%Net loans and leases to deposits
74.77%Net loans and leases to core deposits
90.34%Equity capital to assets
7.53%Core capital (leverage) ratio
7.42%Tier 1 risk-based capital ratio
10.37%Total risk-based capital ratio
Memoranda
$12Average assets
$76,859Average earning assets
$5,574Average equity
$71,388Average loans
Total Fiduciary and Related Assets (December 31, 2002)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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