First National Bank of Pickens County in city_name, state_name

First National Bank of Pickens County in Easley, South Carolina (SC)
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First National Bank of Pickens County - Overview

General
FDIC Certificate #: 16792
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Carolina First Bank (#26849)
Federal Reserve ID: 638225
Date Established: May 11, 1949
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
FDIC's unique #: 10902
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: May 11, 1949
Last Structure Change Effective Date: September 29, 1998
Last Structure Change Process Date: November 05, 1998
Last Data Update: November 05, 1998
Data Source Date: April 05, 2012
Location
Address: 200 South Pendleton Street, Easley, SC 29640
County: Pickens
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): Greenville-Mauldin-Easley, SC (#24860)
CBSA Metro Statistical Area: Greenville-Mauldin-Easley, SC (#24860)
Financial Summary
Total assets: $120.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
54Total employees (full-time equivalent)
$112,584Total assets
$3,724Cash and due from depository institutions
$0Interest-bearing balances
$39,552Securities
$3,000Federal funds sold & reverse repurchase agreements
$63,602Net loans & leases
$713Loan loss allowance
$0Trading account assets
$1,560Bank premises and fixed assets
$8Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,138All other assets
$112,584Total liabilities and capital
$97,159Total liabilities
$91,057Total deposits
$73,952Interest-bearing deposits
$91,057Deposits held in domestic offices
0.00%% insured (estimated)
$5,175Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$927All other liabilities
$15,425Total equity capital
$15,425Total bank equity capital
$15,425Perpetual preferred stock
$0Common stock
$200Surplus
$300Undivided profits
Memoranda
$14,925Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$227Earning assets
$0Long-term assets (5+ years)
$590Average Assets, year-to-date
$106,154Average Assets, quarterly
$24,369Volatile liabilities
$109,820Insider loans
$111,867FHLB advances
$15,311Loans and leases held for sale
$610Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,104Total unused commitments
$0Restructured Loans and leases
$71,026Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$8,400Total interest income
$3,204Total interest expense
$5,196Net interest income
$151Provision for loan and lease losses
$517Total noninterest income
$0Fiduciary activities
$386Service charges on deposit accounts
$0Trading account gains & fees
$131Additional noninterest income
$3,019Total noninterest expense
$1,800Salaries and employee benefits
$529Premises and equipment expense
$690Additional noninterest expense
$2,543Pre-tax net operating income
$11Securities gains (losses)
$788Applicable income taxes
$1,766Income before extraordinary items
$0Extraordinary gains - net
$1,766Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$18Sale, conversion, retirement of capital stock, net
$216Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.21%Yield on earning assets
3.13%Cost of funding earning assets
5.08%Net interest margin
0.51%Noninterest income to earning assets
2.95%Noninterest expense to earning assets
1.60%Net operating income to assets
1.61%Return on assets (ROA)
2.33%Pretax return on assets
12.16%Return on equity (ROE)
10.67%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
838.89%Credit loss provision to net charge-offs
149.67%Efficiency ratio
52,844Assets per employee
2.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
12.23%Loss allowance to loans
1.11%Loss allowance to noncurrent loans
314.10%Noncurrent assets plus other real estate owned to assets
0.21%Noncurrent loans to loans
0.35%Net loans and leases to deposits
69.85%Net loans and leases to core deposits
78.60%Equity capital to assets
13.70%Core capital (leverage) ratio
13.50%Tier 1 risk-based capital ratio
21.26%Total risk-based capital ratio
Memoranda
$22Average assets
$109,820Average earning assets
$14,529Average equity
$102,277Average loans

First National Bank of Pickens County in Easley, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank of Pickens County - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

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

First National Bank of Pickens County in Easley, South Carolina (SC)Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank of Pickens County - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

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

First National Bank of Pickens County in Easley, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches