First Union National Bank of South Carolina in city_name, state_name

First Union National Bank of South Carolina in Greenville, South Carolina (SC)
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First Union National Bank of South Carolina - Overview

General
FDIC Certificate #: 18395
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Union National Bank (#4885)
Federal Reserve ID: 519221
Date Established: June 01, 1961
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 62 (Interstate: No)
FDIC's unique #: 12301
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: June 01, 1961
Last Structure Change Effective Date: July 31, 1997
Last Structure Change Process Date: August 13, 1997
Last Data Update: August 13, 1997
Data Source Date: April 05, 2012
Location
Address: One Insignia Place, Greenville, SC 29602
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: $3,233.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$751Total assets
$3,226,366Cash and due from depository institutions
$166,484Interest-bearing balances
$19Securities
$279,920Federal funds sold & reverse repurchase agreements
$315,158Net loans & leases
$2,278,229Loan loss allowance
$31,233Trading account assets
$0Bank premises and fixed assets
$52,943Other real estate owned
$3,079Goodwill and other intangibles
$59,422Life insurance assets
$71,131All other assets
$0Total liabilities and capital
$3,226,366Total liabilities
$2,953,603Total deposits
$2,486,245Interest-bearing deposits
$1,969,840Deposits held in domestic offices
2486245.00%% insured (estimated)
$77Federal funds purchased & repurchase agreements
$370,571Trading liabilities
$0Other borrowed funds
$7,000Subordinated debt
$50,000All other liabilities
$39,787Total equity capital
$39,787Total bank equity capital
$272,763Perpetual preferred stock
$0Common stock
$4,575Surplus
$203,476Undivided profits
Memoranda
$64,712Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$47,099Income earned, not collected on loans
$15,232Earning assets
$2,873,326Long-term assets (5+ years)
$790,651Average Assets, year-to-date
$3,268,314Average Assets, quarterly
$3,232,102Volatile liabilities
$717,962Insider loans
$8,592FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$811,919Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$203,446Total risk weighted assets
$2,402,229Total unused commitments
$0Restructured Loans and leases
$109,403Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$235,101Total interest expense
$113,423Net interest income
$121,678Provision for loan and lease losses
$10,000Total noninterest income
$44,094Fiduciary activities
$8,517Service charges on deposit accounts
$12,997Trading account gains & fees
$0Additional noninterest income
$22,580Total noninterest expense
$80,254Salaries and employee benefits
$28,952Premises and equipment expense
$11,596Additional noninterest expense
$39,706Pre-tax net operating income
$75,518Securities gains (losses)
$2,562Applicable income taxes
$29,213Income before extraordinary items
$48,867Extraordinary gains - net
$0Net income attributable to bank
$48,867Net charge-offs
$7,905Cash dividends
$50,000Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.10%Cost of funding earning assets
3.91%Net interest margin
4.19%Noninterest income to earning assets
1.52%Noninterest expense to earning assets
2.77%Net operating income to assets
1.45%Return on assets (ROA)
1.50%Pretax return on assets
2.39%Return on equity (ROE)
17.92%Retained earnings to average equity (YTD only)
-0.42%Net charge-offs to loans
0.34%Credit loss provision to net charge-offs
126.50%Efficiency ratio
43,774Assets per employee
4.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
102.32%Loss allowance to loans
1.35%Loss allowance to noncurrent loans
66.31%Noncurrent assets plus other real estate owned to assets
1.56%Noncurrent loans to loans
2.04%Net loans and leases to deposits
91.63%Net loans and leases to core deposits
106.17%Equity capital to assets
8.45%Core capital (leverage) ratio
6.43%Tier 1 risk-based capital ratio
8.47%Total risk-based capital ratio
Memoranda
$12Average assets
$3,268,314Average earning assets
$272,684Average equity
$2,901,424Average loans

First Union National Bank of South Carolina in Greenville, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Union National Bank of South Carolina - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

First Union National Bank of South Carolina in Greenville, South Carolina (SC)Overview, Financial Summary, Detailed Financial Reports, Branches

First Union National Bank of South Carolina - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

First Union National Bank of South Carolina in Greenville, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches