First Federal of South Carolina, FSB in city_name, state_name

First Federal of South Carolina, FSB in Walterboro, South Carolina (SC)
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First Federal of South Carolina, FSB - Overview

General
FDIC Certificate #: 31410
Status: Active
Federal Reserve ID: 535575
Date Established: January 01, 1962
WWW: http://www.1stfederalofsc.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 6903
FDIC's unique #: 44244
Numeric code: 33
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: August 09, 1963
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
Location
Address: 300 Robertson Boulevard, Walterboro, SC 29488
County: Colleton
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): Walterboro, SC (#47500)
CBSA Micro Statistical Area: Yes
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $108.7 mil
Equity capital: $8.0 mil
Deposits held in domestic offices: $98.8 mil
Return on assets (ROA): -0.11% (-$0.1 mil)
Quarterly return on assets: -0.27% (-$0.3 mil)
Return on Equity (ROE): -1.55% (-$0.1 mil)
Quarterly return on equity: -3.68% (-$0.3 mil)
Net income: -$0.1 mil
Quarterly Net income: -$0.1 mil
Pretax return on assets: -0.19% (-$206.6 mil)
Quarterly Pretax return on assets: -0.44% (-$478.4 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
35Total employees (full-time equivalent)
$108,720Total assets
$23,487Cash and due from depository institutions
$21,423Interest-bearing balances
$14,629Securities
$0Federal funds sold & reverse repurchase agreements
$61,908Net loans & leases
$793Loan loss allowance
$0Trading account assets
$2,395Bank premises and fixed assets
$3,811Other real estate owned
$185Goodwill and other intangibles
$108,720Life insurance assets
$2,305All other assets
$100,750Total liabilities and capital
$98,768Total liabilities
$93,885Total deposits
$98,768Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,982Subordinated debt
$7,970All other liabilities
$7,970Total equity capital
$7,970Total bank equity capital
$0Perpetual preferred stock
$1,013Common stock
$1,111Surplus
$5,846Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,742Income earned, not collected on loans
$0Earning assets
$281Long-term assets (5+ years)
$97,960Average Assets, year-to-date
$0Average Assets, quarterly
$108,137Volatile liabilities
$108,979Insider loans
$60,312FHLB advances
$107,534Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$8,643Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$5,884Restructured Loans and leases
$1,110Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$3,989Total interest income
$842Total interest expense
$3,147Net interest income
$275Provision for loan and lease losses
$340Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$340Additional noninterest income
$3,842Total noninterest expense
$1,795Salaries and employee benefits
$1,075Premises and equipment expense
$972Additional noninterest expense
-$630Pre-tax net operating income
$429Securities gains (losses)
-$77Applicable income taxes
-$124Income before extraordinary items
$0Extraordinary gains - net
-$124Net income attributable to bank
$0Net charge-offs
-$124Cash dividends
$145Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.14%Yield on earning assets
0.87%Cost of funding earning assets
3.26%Net interest margin
0.35%Noninterest income to earning assets
3.99%Noninterest expense to earning assets
-0.37%Net operating income to assets
-0.11%Return on assets (ROA)
-0.19%Pretax return on assets
-1.55%Return on equity (ROE)
-1.55%Retained earnings to average equity (YTD only)
0.22%Net charge-offs to loans
189.66%Credit loss provision to net charge-offs
-2.45%Efficiency ratio
108,288Assets per employee
3.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
21.19%Noncurrent assets plus other real estate owned to assets
6.95%Noncurrent loans to loans
5.97%Net loans and leases to deposits
62.68%Net loans and leases to core deposits
64.44%Equity capital to assets
7.33%Core capital (leverage) ratio
8.04%Tier 1 risk-based capital ratio
14.33%Total risk-based capital ratio
Memoranda
$16Average assets
$108,137Average earning assets
$7,997Average equity
$96,407Average loans

List of branches

4 South Carolina Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	44244	First Federal Of South Carolina, Fsb	300 Robertson Boulevard, Walterboro, SC 29488	January 01, 1962	Full Service Brick and Mortar
100	284678	St. George Branch	5561 West Memorial Blvd, Saint George, SC 29477	January 01, 1962	Full Service Brick and Mortar
101	284679	Walterboro Branch	300 Hampton Street, Walterboro, SC 29488	May 01, 1997	Full Service Brick and Mortar
102	448835	Edisto Island Branch	428 Highway 174, Edisto Island, SC 29438	December 06, 2005	Full Service Brick and Mortar

First Federal of South Carolina, FSB in Walterboro, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal of South Carolina, FSB - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

First Federal of South Carolina, FSB in Walterboro, South Carolina (SC)Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal of South Carolina, FSB - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

First Federal of South Carolina, FSB in Walterboro, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches