FDIC Certificate #: 29333 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Branch Banking and Trust Company of South Carolina (#21098) Federal Reserve ID: 65773 Date Established: January 01, 1934 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 3295 FDIC's unique #: 42167 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: Febuary 04, 1935 Last Structure Change Effective Date: September 17, 2001 Last Structure Change Process Date: November 19, 2001 Last Data Update: November 19, 2001 Data Source Date: April 05, 2012
Location
Address: 380 East Main Street, Spartanburg, SC 29302 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: $619.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
134Total employees (full-time equivalent)
$592,822Total assets
$16,850Cash and due from depository institutions
$3,150Interest-bearing balances
$30,641Securities
$280Federal funds sold & reverse repurchase agreements
$517,380Net loans & leases
$3,686Loan loss allowance
$0Trading account assets
$10,400Bank premises and fixed assets
$969Other real estate owned
$1,257Goodwill and other intangibles
$0Life insurance assets
$15,045All other assets
$592,822Total liabilities and capital
$530,472Total liabilities
$436,659Total deposits
$408,631Interest-bearing deposits
$436,659Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$86,624Other borrowed funds
$0Subordinated debt
$7,189All other liabilities
$62,350Total equity capital
$62,350Total bank equity capital
$62,350Perpetual preferred stock
$0Common stock
$0Surplus
$44,361Undivided profits
Memoranda
$17,989Noncurrent loans and leases
$89,987Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$5,841Earning assets
$0Long-term assets (5+ years)
$3,554Average Assets, year-to-date
$551,451Average Assets, quarterly
$0Volatile liabilities
$579,157Insider loans
$595,621FHLB advances
$173,733Loans and leases held for sale
$528Unused loan commitments
$81,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$89,987Total unused commitments
$2,643Restructured Loans and leases
$3,686Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$43,419Total interest income
$24,823Total interest expense
$18,596Net interest income
$717Provision for loan and lease losses
$4,998Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$4,998Additional noninterest income
$13,048Total noninterest expense
$7,910Salaries and employee benefits
$2,249Premises and equipment expense
$2,889Additional noninterest expense
$9,829Pre-tax net operating income
$271Securities gains (losses)
$3,457Applicable income taxes
$6,643Income before extraordinary items
$0Extraordinary gains - net
$6,643Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$157Sale, conversion, retirement of capital stock, net
$7,000Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.04%Yield on earning assets
4.59%Cost of funding earning assets
3.44%Net interest margin
0.93%Noninterest income to earning assets
2.42%Noninterest expense to earning assets
1.12%Net operating income to assets
1.15%Return on assets (ROA)
1.74%Pretax return on assets
11.04%Return on equity (ROE)
-0.59%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
456.69%Credit loss provision to net charge-offs
67.17%Efficiency ratio
55,302Assets per employee
4.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
105.37%Loss allowance to loans
0.71%Loss allowance to noncurrent loans
63.11%Noncurrent assets plus other real estate owned to assets
1.14%Noncurrent loans to loans
1.12%Net loans and leases to deposits
118.49%Net loans and leases to core deposits
148.01%Equity capital to assets
10.52%Core capital (leverage) ratio
10.52%Tier 1 risk-based capital ratio
15.07%Total risk-based capital ratio
Memoranda
$16Average assets
$579,157Average earning assets
$60,199Average equity
$540,272Average loans
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