FDIC Certificate #: 33808 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Carolina First Bank (#26849) Federal Reserve ID: 2060978 Date Established: June 05, 1993 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 11009 FDIC's unique #: 48091 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: June 05, 1993 Last Structure Change Effective Date: October 15, 1998 Last Structure Change Process Date: November 05, 1998 Last Data Update: November 05, 1998 Data Source Date: April 05, 2012
Location
Address: 1111 Broad Street, Camden, SC 29020 County: Kershaw 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 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: $61.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
30Total employees (full-time equivalent)
$54,612Total assets
$5,356Cash and due from depository institutions
$3,708Interest-bearing balances
$3,761Securities
$0Federal funds sold & reverse repurchase agreements
$42,806Net loans & leases
$375Loan loss allowance
$0Trading account assets
$1,755Bank premises and fixed assets
$226Other real estate owned
$232Goodwill and other intangibles
$0Life insurance assets
$476All other assets
$54,612Total liabilities and capital
$49,459Total liabilities
$40,366Total deposits
$37,538Interest-bearing deposits
$40,366Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$9,000Other borrowed funds
$0Subordinated debt
$93All other liabilities
$5,153Total equity capital
$5,153Total bank equity capital
$5,153Perpetual preferred stock
$0Common stock
$583Surplus
$4,598Undivided profits
Memoranda
$-28Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$64Earning assets
$0Long-term assets (5+ years)
$266Average Assets, year-to-date
$50,275Average Assets, quarterly
$11,456Volatile liabilities
$50,508Insider loans
$53,312FHLB advances
$12,053Loans and leases held for sale
$856Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,366Total unused commitments
$0Restructured Loans and leases
$34,799Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$4,001Total interest income
$2,184Total interest expense
$1,817Net interest income
$320Provision for loan and lease losses
$287Total noninterest income
$0Fiduciary activities
$196Service charges on deposit accounts
$0Trading account gains & fees
$91Additional noninterest income
$1,800Total noninterest expense
$954Salaries and employee benefits
$168Premises and equipment expense
$678Additional noninterest expense
-$16Pre-tax net operating income
$0Securities gains (losses)
$59Applicable income taxes
-$75Income before extraordinary items
$0Extraordinary gains - net
-$75Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$50Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.56%Yield on earning assets
4.67%Cost of funding earning assets
3.89%Net interest margin
0.61%Noninterest income to earning assets
3.85%Noninterest expense to earning assets
-0.15%Net operating income to assets
-0.15%Return on assets (ROA)
-0.03%Pretax return on assets
-1.73%Return on equity (ROE)
-1.73%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
640.00%Credit loss provision to net charge-offs
6.08%Efficiency ratio
83,840Assets per employee
1.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.87%Loss allowance to noncurrent loans
585.94%Noncurrent assets plus other real estate owned to assets
0.53%Noncurrent loans to loans
0.15%Net loans and leases to deposits
106.04%Net loans and leases to core deposits
124.75%Equity capital to assets
9.44%Core capital (leverage) ratio
9.31%Tier 1 risk-based capital ratio
14.16%Total risk-based capital ratio
Memoranda
$15Average assets
$50,508Average earning assets
$4,329Average equity
$46,733Average loans
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