First Federal Savings and Loan Association of Anderson in city_name, state_name

First Federal Savings and Loan Association of Anderson in Anderson, South Carolina (SC)
Show street view No street view available for this location

First Federal Savings and Loan Association of Anderson - Overview

General
FDIC Certificate #: 29583
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Carolina First Bank (#26849)
Federal Reserve ID: 454274
Date Established: January 01, 1922
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 3699
FDIC's unique #: 42417
Numeric code: 37
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 10, 1936
Last Structure Change Effective Date: November 21, 1997
Last Structure Change Process Date: December 12, 1997
Last Data Update: December 12, 1997
Data Source Date: April 05, 2012
Location
Address: 201 North Main Street, Anderson, SC 29622
County: Anderson
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): Anderson, SC (#11340)
CBSA Metro Statistical Area: Anderson, SC (#11340)
Financial Summary
Total assets: $351.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$120Total assets
$327,857Cash and due from depository institutions
$9,465Interest-bearing balances
$5,596Securities
$53,491Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$254,428Loan loss allowance
$1,272Trading account assets
$0Bank premises and fixed assets
$4,234Other real estate owned
$902Goodwill and other intangibles
$5,337Life insurance assets
$0All other assets
$0Total liabilities and capital
$327,857Total liabilities
$292,811Total deposits
$281,449Interest-bearing deposits
$276,940Deposits held in domestic offices
281449.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$10,000Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,362Total equity capital
$1,362Total bank equity capital
$35,046Perpetual preferred stock
$0Common stock
$1Surplus
$19,951Undivided profits
Memoranda
$15,094Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$182Income earned, not collected on loans
$1,383Earning assets
$313,515Long-term assets (5+ years)
$0Average Assets, year-to-date
$332,536Average Assets, quarterly
$329,012Volatile liabilities
$37,863Insider loans
$467FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$8,798Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$34,102Total risk weighted assets
$162,182Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$24,795Total interest expense
$14,274Net interest income
$10,521Provision for loan and lease losses
$180Total noninterest income
$1,204Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$1,204Total noninterest expense
$10,221Salaries and employee benefits
$5,935Premises and equipment expense
$969Additional noninterest expense
$3,317Pre-tax net operating income
$1,324Securities gains (losses)
-$294Applicable income taxes
$736Income before extraordinary items
$294Extraordinary gains - net
$0Net income attributable to bank
$294Net charge-offs
$27Cash dividends
$20,485Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.80%Cost of funding earning assets
4.49%Net interest margin
3.31%Noninterest income to earning assets
0.38%Noninterest expense to earning assets
3.21%Net operating income to assets
0.14%Return on assets (ROA)
0.09%Pretax return on assets
0.31%Return on equity (ROE)
0.72%Retained earnings to average equity (YTD only)
-49.47%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
666.67%Efficiency ratio
87,173Assets per employee
2.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
6967.69%Loss allowance to loans
0.50%Loss allowance to noncurrent loans
694.51%Noncurrent assets plus other real estate owned to assets
0.10%Noncurrent loans to loans
0.07%Net loans and leases to deposits
90.40%Net loans and leases to core deposits
100.33%Equity capital to assets
10.69%Core capital (leverage) ratio
10.43%Tier 1 risk-based capital ratio
21.03%Total risk-based capital ratio
Memoranda
$22Average assets
$332,536Average earning assets
$40,817Average equity
$318,049Average loans

First Federal Savings and Loan Association of Anderson in Anderson, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Savings and Loan Association of Anderson - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

First Federal Savings and Loan Association of Anderson in Anderson, South Carolina (SC)Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Savings and Loan Association of Anderson - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

First Federal Savings and Loan Association of Anderson in Anderson, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches