FDIC Certificate #: 34140 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Plantation Federal Bank (#32503) Federal Reserve ID: 2414384 Date Established: March 01, 1996 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 13469 FDIC's unique #: 56284 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: March 01, 1996 Last Structure Change Effective Date: September 30, 2008 Last Structure Change Process Date: November 05, 2008 Last Data Update: November 05, 2008 Data Source Date: April 05, 2012
Location
Address: 935 South Main Street, Suite 300, Greenville, SC 29601 County: Greenville 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: $297.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
72Total employees (full-time equivalent)
$255,986Total assets
$6,169Cash and due from depository institutions
$3,286Interest-bearing balances
$27,930Securities
$4,000Federal funds sold & reverse repurchase agreements
$207,987Net loans & leases
$1,748Loan loss allowance
$0Trading account assets
$5,283Bank premises and fixed assets
$0Other real estate owned
$544Goodwill and other intangibles
$0Life insurance assets
$4,073All other assets
$255,986Total liabilities and capital
$236,187Total liabilities
$210,049Total deposits
$193,891Interest-bearing deposits
$210,049Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$25,500Other borrowed funds
$0Subordinated debt
$638All other liabilities
$19,799Total equity capital
$19,799Total bank equity capital
$19,799Perpetual preferred stock
$0Common stock
$635Surplus
$12,587Undivided profits
Memoranda
$6,577Noncurrent loans and leases
$45,501Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$664Earning assets
$0Long-term assets (5+ years)
$1,338Average Assets, year-to-date
$243,203Average Assets, quarterly
$0Volatile liabilities
$231,957Insider loans
$254,256FHLB advances
$96,684Loans and leases held for sale
$6,335Unused loan commitments
$25,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$45,501Total unused commitments
$0Restructured Loans and leases
$1,748Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$15,127Total interest income
$9,296Total interest expense
$5,831Net interest income
$359Provision for loan and lease losses
$797Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$797Additional noninterest income
$7,087Total noninterest expense
$4,798Salaries and employee benefits
$1,146Premises and equipment expense
$1,143Additional noninterest expense
-$818Pre-tax net operating income
$1,309Securities gains (losses)
$174Applicable income taxes
$317Income before extraordinary items
$0Extraordinary gains - net
$317Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$47Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.86%Yield on earning assets
4.22%Cost of funding earning assets
2.65%Net interest margin
0.36%Noninterest income to earning assets
3.22%Noninterest expense to earning assets
-0.23%Net operating income to assets
0.14%Return on assets (ROA)
0.21%Pretax return on assets
1.91%Return on equity (ROE)
1.91%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
763.83%Credit loss provision to net charge-offs
-9.77%Efficiency ratio
106,925Assets per employee
3.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.83%Loss allowance to noncurrent loans
263.25%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.32%Net loans and leases to deposits
99.02%Net loans and leases to core deposits
149.78%Equity capital to assets
7.73%Core capital (leverage) ratio
7.65%Tier 1 risk-based capital ratio
9.62%Total risk-based capital ratio
Memoranda
$10Average assets
$231,957Average earning assets
$16,637Average equity
$220,375Average loans
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