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

This bank is inactive as of September 24, 1993

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

  • General
  • FDIC Certificate #: 33593
    Status: Inactive
    Closing history: Conservatorship Institution Resolved
    Acquiring institution: SouthTrust Bank of South Carolina, National Association (#27466)
    Federal Reserve ID: 618272
    Date Established: April 24, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 9884
    FDIC's unique #: 47571
    Numeric code: 34
    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: April 24, 1992
    Last Structure Change Effective Date: September 24, 1993
    Last Structure Change Process Date: October 07, 1993
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 1300 Washington Street, Columbia, SC 29211
    County: Richland
    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): Columbia, SC (#1760)
    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
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $23.0 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $10Total assets
  • $34,460Cash and due from depository institutions
  • $6,353Interest-bearing balances
  • $6,172Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $26,579Loan loss allowance
  • $634Trading account assets
  • $0Bank premises and fixed assets
  • $115Other real estate owned
  • $416Goodwill and other intangibles
  • $997Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $34,460Total liabilities
  • $36,787Total deposits
  • $23,411Interest-bearing deposits
  • $23,351Deposits held in domestic offices
  • 23411.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $13,253Subordinated debt
  • $0All other liabilities
  • $123Total equity capital
  • $123Total bank equity capital
  • $-2,327Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-2,327Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,866Income earned, not collected on loans
  • $121Earning assets
  • $32,751Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $47,296Average Assets, quarterly
  • $42,555Volatile liabilities
  • $13,253Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-2,327Total risk weighted assets
  • $24,764Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,018Total interest expense
  • $1,671Net interest income
  • $347Provision for loan and lease losses
  • -$2Total noninterest income
  • $264Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $264Total noninterest expense
  • $2,628Salaries and employee benefits
  • $239Premises and equipment expense
  • $202Additional noninterest expense
  • $2,187Pre-tax net operating income
  • -$2,015Securities gains (losses)
  • -$4Applicable income taxes
  • $0Income before extraordinary items
  • -$2,019Extraordinary gains - net
  • $196Net income attributable to bank
  • -$1,823Net charge-offs
  • $368Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • -$3,948Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 4.65%Cost of funding earning assets
  • 3.85%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 0.61%Noninterest expense to earning assets
  • 6.05%Net operating income to assets
  • -4.26%Return on assets (ROA)
  • -3.85%Pretax return on assets
  • -3.85%Return on equity (ROE)
  • 134.18%Retained earnings to average equity (YTD only)
  • 134.18%Net charge-offs to loans
  • 1.07%Credit loss provision to net charge-offs
  • -0.54%Efficiency ratio
  • 430,115Assets per employee
  • 3.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.33%Loss allowance to noncurrent loans
  • 10.81%Noncurrent assets plus other real estate owned to assets
  • 18.23%Noncurrent loans to loans
  • 21.56%Net loans and leases to deposits
  • 113.53%Net loans and leases to core deposits
  • 113.53%Equity capital to assets
  • -6.75%Core capital (leverage) ratio
  • -6.75%Tier 1 risk-based capital ratio
  • -9.40%Total risk-based capital ratio
  • Memoranda
  • -$9Average assets
  • $47,296Average earning assets
  • -$1,359Average equity
  • $43,410Average loans

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