FDIC Certificate #: 29111 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Provident Community Bank, National Association (#28997) Federal Reserve ID: 774075 Date Established: August 01, 1934 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 2928 FDIC's unique #: 41945 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: October 11, 1934 Last Structure Change Effective Date: November 12, 1999 Last Structure Change Process Date: Febuary 02, 2000 Last Data Update: Febuary 02, 2000 Data Source Date: April 05, 2012
Location
Address: 110 South Congress Street, Winnsboro, SC 29180 County: Fairfield 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: $46.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
12Total employees (full-time equivalent)
$45,366Total assets
$4,294Cash and due from depository institutions
$3,600Interest-bearing balances
$1,833Securities
$0Federal funds sold & reverse repurchase agreements
$38,001Net loans & leases
$292Loan loss allowance
$0Trading account assets
$518Bank premises and fixed assets
$0Other real estate owned
$49Goodwill and other intangibles
$0Life insurance assets
$671All other assets
$45,366Total liabilities and capital
$36,952Total liabilities
$36,032Total deposits
$35,103Interest-bearing deposits
$36,032Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$377Other borrowed funds
$0Subordinated debt
$543All other liabilities
$8,414Total equity capital
$8,414Total bank equity capital
$8,414Perpetual preferred stock
$0Common stock
$0Surplus
$3,807Undivided profits
Memoranda
$4,607Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$909Earning assets
$0Long-term assets (5+ years)
$281Average Assets, year-to-date
$43,434Average Assets, quarterly
$0Volatile liabilities
$45,721Insider loans
$45,331FHLB advances
$8,478Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$648Total unused commitments
$0Restructured Loans and leases
$23,690Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$3,425Total interest income
$1,750Total interest expense
$1,675Net interest income
$0Provision for loan and lease losses
$165Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$165Additional noninterest income
$1,137Total noninterest expense
$738Salaries and employee benefits
$195Premises and equipment expense
$204Additional noninterest expense
$703Pre-tax net operating income
$0Securities gains (losses)
$277Applicable income taxes
$426Income before extraordinary items
$0Extraordinary gains - net
$426Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$505Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.81%Yield on earning assets
3.99%Cost of funding earning assets
3.82%Net interest margin
0.38%Noninterest income to earning assets
2.59%Noninterest expense to earning assets
0.93%Net operating income to assets
0.93%Return on assets (ROA)
1.54%Pretax return on assets
5.08%Return on equity (ROE)
-0.94%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
60,489Assets per employee
3.78%Cash dividends to net income (YTD only)
Condition Ratios (%)
118.54%Loss allowance to loans
0.76%Loss allowance to noncurrent loans
32.12%Noncurrent assets plus other real estate owned to assets
2.00%Noncurrent loans to loans
2.37%Net loans and leases to deposits
105.46%Net loans and leases to core deposits
136.05%Equity capital to assets
18.55%Core capital (leverage) ratio
18.46%Tier 1 risk-based capital ratio
35.31%Total risk-based capital ratio
Memoranda
$37Average assets
$45,721Average earning assets
$8,384Average equity
$43,877Average loans
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