FDIC Certificate #: 32320 Status: Inactive Closing history: Corrections Acquiring institution:SCBT National Association (#13425) Federal Reserve ID: 783675 Date Established: March 17, 1986 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) OTS Docket #: 8139 FDIC's unique #: 45154 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: March 17, 1986 Last Structure Change Effective Date: August 28, 1999 Last Structure Change Process Date: October 01, 1999 Last Data Update: December 28, 1999 Data Source Date: April 05, 2012
Location
Address: 1121 Boundary Street, Beaufort, SC 29902 County: Beaufort 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 Core Based Statistical Area (CBSA): Hilton Head Island-Beaufort, SC (#25940) CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $98.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
46Total employees (full-time equivalent)
$99,049Total assets
$8,272Cash and due from depository institutions
$4,451Interest-bearing balances
$6,915Securities
$0Federal funds sold & reverse repurchase agreements
$81,244Net loans & leases
$846Loan loss allowance
$0Trading account assets
$1,429Bank premises and fixed assets
$40Other real estate owned
$72Goodwill and other intangibles
$0Life insurance assets
$1,077All other assets
$99,049Total liabilities and capital
$90,890Total liabilities
$85,321Total deposits
$77,736Interest-bearing deposits
$85,321Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,826Other borrowed funds
$0Subordinated debt
$743All other liabilities
$8,159Total equity capital
$8,159Total bank equity capital
$8,159Perpetual preferred stock
$0Common stock
$2,979Surplus
$2,979Undivided profits
Memoranda
$2,201Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,290Earning assets
$0Long-term assets (5+ years)
$550Average Assets, year-to-date
$92,610Average Assets, quarterly
$8,884Volatile liabilities
$96,625Insider loans
$98,289FHLB advances
$9,268Loans and leases held for sale
$2,605Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,740Total risk weighted assets
$11,717Total unused commitments
$0Restructured Loans and leases
$67,845Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$7,856Total interest income
$3,473Total interest expense
$4,383Net interest income
$187Provision for loan and lease losses
$1,245Total noninterest income
$0Fiduciary activities
$644Service charges on deposit accounts
$0Trading account gains & fees
$601Additional noninterest income
$3,571Total noninterest expense
$1,764Salaries and employee benefits
$479Premises and equipment expense
$1,328Additional noninterest expense
$1,870Pre-tax net operating income
$0Securities gains (losses)
$717Applicable income taxes
$1,153Income before extraordinary items
$0Extraordinary gains - net
$1,153Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$69Sale, conversion, retirement of capital stock, net
$860Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.70%Yield on earning assets
3.85%Cost of funding earning assets
4.86%Net interest margin
1.38%Noninterest income to earning assets
3.96%Noninterest expense to earning assets
1.19%Net operating income to assets
1.19%Return on assets (ROA)
1.94%Pretax return on assets
14.58%Return on equity (ROE)
3.70%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
271.01%Credit loss provision to net charge-offs
29.81%Efficiency ratio
63,042Assets per employee
2.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
74.59%Loss allowance to loans
1.03%Loss allowance to noncurrent loans
65.58%Noncurrent assets plus other real estate owned to assets
1.34%Noncurrent loans to loans
1.57%Net loans and leases to deposits
95.22%Net loans and leases to core deposits
106.02%Equity capital to assets
8.24%Core capital (leverage) ratio
8.15%Tier 1 risk-based capital ratio
12.03%Total risk-based capital ratio
Memoranda
$13Average assets
$96,625Average earning assets
$7,910Average equity
$90,248Average loans
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