FDIC Certificate #: 26588 Status: Active Federal Reserve ID: 513322 Bank Holding Company (Regulatory Top Holder): Darlington County Bancshares, Inc. (RSSDID: 2798440, Location: Darlington, SC) Date Established: March 10, 1986 WWW:http://www.dcbsc.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 #: 35292 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: March 10, 1986 Last Structure Change Effective Date: Febuary 12, 2009 Last Structure Change Process Date: June 17, 2009 Last Data Update: June 17, 2009 Data Source Date: April 05, 2012
Location
Address: 202 Cashua Street, Darlington, SC 29532 County: Darlington 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 Core Based Statistical Area (CBSA): Florence, SC (#22500) CBSA Metro Statistical Area: Florence, SC (#22500)
History of Changes
Name Change
Financial Summary
Total assets: $40.4 mil Equity capital: $5.5 mil Deposits held in domestic offices: $34.9 mil Return on assets (ROA): 0.42% ($0.2 mil) Quarterly return on assets: 0.63% ($0.3 mil) Return on Equity (ROE): 3.19% ($0.2 mil) Quarterly return on equity: 4.71% ($0.2 mil) Net income: $0.2 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.45% ($181.8 mil) Quarterly Pretax return on assets: 0.41% ($165.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
15Total employees (full-time equivalent)
$40,406Total assets
$4,394Cash and due from depository institutions
$3,276Interest-bearing balances
$10,602Securities
$0Federal funds sold & reverse repurchase agreements
$23,163Net loans & leases
$250Loan loss allowance
$0Trading account assets
$1,321Bank premises and fixed assets
$337Other real estate owned
$0Goodwill and other intangibles
$40,406Life insurance assets
$589All other assets
$34,952Total liabilities and capital
$34,891Total liabilities
$26,930Total deposits
$34,891Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$61Subordinated debt
$5,454All other liabilities
$5,454Total equity capital
$5,454Total bank equity capital
$0Perpetual preferred stock
$790Common stock
$830Surplus
$3,834Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$458Income earned, not collected on loans
$0Earning assets
$326Long-term assets (5+ years)
$37,041Average Assets, year-to-date
$8,759Average Assets, quarterly
$41,104Volatile liabilities
$40,647Insider loans
$26,704FHLB advances
$40,661Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,364Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,719Restructured Loans and leases
$1,001Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,837Total interest income
$216Total interest expense
$1,621Net interest income
$82Provision for loan and lease losses
$305Total noninterest income
$0Fiduciary activities
$297Service charges on deposit accounts
$0Trading account gains & fees
$8Additional noninterest income
$1,659Total noninterest expense
$833Salaries and employee benefits
$257Premises and equipment expense
$569Additional noninterest expense
$185Pre-tax net operating income
$0Securities gains (losses)
$14Applicable income taxes
$171Income before extraordinary items
$0Extraordinary gains - net
$171Net income attributable to bank
$0Net charge-offs
$171Cash dividends
$69Sale, conversion, retirement of capital stock, net
$80Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.84%Yield on earning assets
0.57%Cost of funding earning assets
4.27%Net interest margin
0.80%Noninterest income to earning assets
4.37%Noninterest expense to earning assets
0.42%Net operating income to assets
0.42%Return on assets (ROA)
0.45%Pretax return on assets
3.19%Return on equity (ROE)
1.70%Retained earnings to average equity (YTD only)
0.29%Net charge-offs to loans
118.84%Credit loss provision to net charge-offs
3.87%Efficiency ratio
86,137Assets per employee
2.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
46.78%Loss allowance to loans
1.07%Loss allowance to noncurrent loans
54.59%Noncurrent assets plus other real estate owned to assets
1.97%Noncurrent loans to loans
1.96%Net loans and leases to deposits
66.39%Net loans and leases to core deposits
67.94%Equity capital to assets
13.50%Core capital (leverage) ratio
13.19%Tier 1 risk-based capital ratio
20.09%Total risk-based capital ratio
Memoranda
$21Average assets
$41,104Average earning assets
$5,353Average equity
$37,992Average loans
List of branches
1 South Carolina Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
35292
Dedicated Community Bank
202 Cashua Street, Darlington, SC 29532
March 10, 1986
Full Service Brick and Mortar
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