First Palmetto Savings Bank, F.S.B. in Camden, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • First Palmetto Savings Bank, F.S.B. in Camden, South Carolina (SC)
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First Palmetto Savings Bank, F.S.B. - Overview

  • General
  • FDIC Certificate #: 28396
    Status: Active
    Federal Reserve ID: 586072
    Date Established: January 01, 1904
    WWW: http://www.firstpalmetto.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 21 (Domestic: 21, Interstate: No)
    OTS Docket #: 1509
    FDIC's unique #: 41230
    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: Commercial Lending Specialization
    Date of Deposit Insurance: April 01, 1949
    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: 407 Dekalb Street, Camden, SC 29020
    County: Kershaw
    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
    Combined Statistical Area (CSA): Columbia-Newberry, SC (#192)
    Core Based Statistical Area (CBSA): Columbia, SC (#17900)
    CBSA Metro Statistical Area: Columbia, SC (#17900)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $625.7 mil
    Equity capital: $76.1 mil
    Deposits held in domestic offices: $495.8 mil
    Return on assets (ROA): 0.52% ($3.3 mil)
    Quarterly return on assets: 0.71% ($4.4 mil)
    Return on Equity (ROE): 4.50% ($3.4 mil)
    Quarterly return on equity: 5.89% ($4.5 mil)
    Net income: $3.4 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 0.84% ($5,255.5 mil)
    Quarterly Pretax return on assets: 1.15% ($7,195.0 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
  • 132Total employees (full-time equivalent)
  • $625,651Total assets
  • $50,979Cash and due from depository institutions
  • $46,792Interest-bearing balances
  • $12,379Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $503,475Net loans & leases
  • $10,175Loan loss allowance
  • $0Trading account assets
  • $15,542Bank premises and fixed assets
  • $26,154Other real estate owned
  • $1,037Goodwill and other intangibles
  • $625,651Life insurance assets
  • $16,085All other assets
  • $549,593Total liabilities and capital
  • $495,754Total liabilities
  • $446,020Total deposits
  • $495,754Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $52,500Trading liabilities
  • $0Other borrowed funds
  • $1,339Subordinated debt
  • $76,058All other liabilities
  • $76,058Total equity capital
  • $76,058Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $8,576Surplus
  • $67,482Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $22,284Income earned, not collected on loans
  • $0Earning assets
  • $2,286Long-term assets (5+ years)
  • $562,646Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $646,389Volatile liabilities
  • $623,926Insider loans
  • $517,199FHLB advances
  • $625,162Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $75,569Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $36,995Restructured Loans and leases
  • $7,479Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $32,907Total interest income
  • $6,758Total interest expense
  • $26,149Net interest income
  • $5,930Provision for loan and lease losses
  • -$2,474Total noninterest income
  • $0Fiduciary activities
  • $832Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$3,306Additional noninterest income
  • $12,887Total noninterest expense
  • $7,537Salaries and employee benefits
  • $2,520Premises and equipment expense
  • $2,830Additional noninterest expense
  • $4,858Pre-tax net operating income
  • $561Securities gains (losses)
  • $2,045Applicable income taxes
  • $3,374Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,374Net income attributable to bank
  • $0Net charge-offs
  • $3,374Cash dividends
  • $5,925Sale, conversion, retirement of capital stock, net
  • $1,200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.60%Yield on earning assets
  • 1.15%Cost of funding earning assets
  • 4.45%Net interest margin
  • -0.42%Noninterest income to earning assets
  • 2.19%Noninterest expense to earning assets
  • 0.47%Net operating income to assets
  • 0.52%Return on assets (ROA)
  • 0.84%Pretax return on assets
  • 4.50%Return on equity (ROE)
  • 2.90%Retained earnings to average equity (YTD only)
  • 1.07%Net charge-offs to loans
  • 100.08%Credit loss provision to net charge-offs
  • 1.82%Efficiency ratio
  • 54,433Assets per employee
  • 4.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.57%Loss allowance to loans
  • 1.98%Loss allowance to noncurrent loans
  • 45.66%Noncurrent assets plus other real estate owned to assets
  • 7.68%Noncurrent loans to loans
  • 4.34%Net loans and leases to deposits
  • 101.56%Net loans and leases to core deposits
  • 108.12%Equity capital to assets
  • 12.16%Core capital (leverage) ratio
  • 12.09%Tier 1 risk-based capital ratio
  • 14.61%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $646,389Average earning assets
  • $74,987Average equity
  • $588,019Average loans

List of branches

  • 21 South Carolina Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    041230First Palmetto Savings Bank, F.S.b.407 Dekalb Street, Camden, SC 29020January 01, 1904Full Service Brick and Mortar
    1267184Kershaw Branch301 North Hampton Street, Kershaw, SC 29067January 01, 1904Full Service Brick and Mortar
    3267185Lancaster Branch409 N. Main Street, Lancaster, SC 29720January 01, 1904Full Service Brick and Mortar
    103267189Forest Drive Branch3932 Forest Drive, Columbia, SC 29204June 30, 1989Full Service Brick and Mortar
    105272642Lugoff Branch788 Highway 1 South, Lugoff, SC 29078July 01, 1934Full Service Brick and Mortar
    107272644Dusty Bend Branch2310 N. Broad Street, Camden, SC 29020July 01, 1934Full Service Brick and Mortar
    110272647Pontiac Branch10540 Two Notch Road, Elgin, SC 29045June 30, 1989Full Service Brick and Mortar
    11142066Darlington Branch206 Cashua Street, Darlington, SC 29532November 01, 1934Full Service Brick and Mortar
    112219263Pageland Branch201 North Pearl Street, Pageland, SC 29728December 31, 1971Full Service Brick and Mortar
    11343446Bishopville Branch201 E Church St, Bishopville, SC 29010January 01, 1904Full Service Brick and Mortar
    116267643Manning Branch111 N Brooks St, Manning, SC 29102January 01, 1931Full Service Brick and Mortar
    117267190Irmo Branch7327 Saint Andrews Road, Irmo, SC 29063May 13, 1996Full Service Brick and Mortar
    118267191Lexington Branch5321 Sunset Boulevard, Lexington, SC 29072May 01, 1997Full Service Brick and Mortar
    119267192Myrtle Beach Branch10207 North Kings Highway, Myrtle Beach, SC 29572December 01, 1997Full Service Brick and Mortar
    120267193North Myrtle Beach Branch501 Highway 17, North Myrtle Beach, SC 29582October 30, 1998Full Service Brick and Mortar
    121359588Surfside Beach Branch2293 Glenn's Bay Road, Surfside Beach, SC 29575Febuary 28, 2001Full Service Brick and Mortar
    122461418Hard Scrabble Rd Branch4304 Hard Scrabble Rd, Columbia, SC 29229June 30, 2006Full Service Brick and Mortar
    123461419Mount Pleasant Branch1636 Highway 17, North, Mount Pleasant, SC 29464June 30, 2006Full Service Brick and Mortar
    12446142048th Avenue Branch1204 48th Avenue North, Myrtle Beach, SC 29578June 30, 2006Full Service Brick and Mortar
    126491889West Ashley Branch5 Sumar Street, Charleston, SC 29407July 03, 2007Full Service Brick and Mortar
    127498669Summerville Branch211 N. Main Street, Summerville, SC 29483September 11, 2006Full Service Brick and Mortar

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