FirstBank of the Midlands, National Association - Overview
General
FDIC Certificate #: 34725 Status: Inactive Closing history: Corrections Acquiring institution:FirstBank, National Association (#32320) Federal Reserve ID: 2689502 Date Established: September 01, 1998 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 61409 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: September 01, 1998 Last Structure Change Effective Date: July 31, 1999 Last Structure Change Process Date: September 23, 1999 Last Data Update: September 23, 1999 Data Source Date: April 05, 2012
Location
Address: 1900 Assembly Street, Columbia, SC 29201 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
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $16.2 mil
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
8Total employees (full-time equivalent)
$8,978Total assets
$3,157Cash and due from depository institutions
$2,889Interest-bearing balances
$2,151Securities
$0Federal funds sold & reverse repurchase agreements
$3,071Net loans & leases
$13Loan loss allowance
$0Trading account assets
$486Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$113All other assets
$8,978Total liabilities and capital
$4,305Total liabilities
$4,284Total deposits
$4,198Interest-bearing deposits
$4,284Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$21All other liabilities
$4,673Total equity capital
$4,673Total bank equity capital
$4,673Perpetual preferred stock
$0Common stock
$1,000Surplus
$4,000Undivided profits
Memoranda
$-327Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$15Average Assets, year-to-date
$8,111Average Assets, quarterly
$0Volatile liabilities
$7,490Insider loans
$7,490FHLB advances
$1,568Loans and leases held for sale
$100Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$979Total unused commitments
$0Restructured Loans and leases
$4,651Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$122Total interest income
$34Total interest expense
$88Net interest income
$13Provision for loan and lease losses
$2Total noninterest income
$0Fiduciary activities
$1Service charges on deposit accounts
$0Trading account gains & fees
$1Additional noninterest income
$604Total noninterest expense
$122Salaries and employee benefits
$77Premises and equipment expense
$405Additional noninterest expense
-$527Pre-tax net operating income
$0Securities gains (losses)
-$200Applicable income taxes
-$327Income before extraordinary items
$0Extraordinary gains - net
-$327Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
1.84%Yield on earning assets
0.51%Cost of funding earning assets
1.32%Net interest margin
0.03%Noninterest income to earning assets
9.09%Noninterest expense to earning assets
-4.37%Net operating income to assets
-4.37%Return on assets (ROA)
-7.04%Pretax return on assets
-6.88%Return on equity (ROE)
-6.88%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
671,111Assets per employee
1.12%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.42%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
71.69%Net loans and leases to core deposits
113.07%Equity capital to assets
52.05%Core capital (leverage) ratio
63.11%Tier 1 risk-based capital ratio
100.47%Total risk-based capital ratio
Memoranda
$101Average assets
$7,490Average earning assets
$4,755Average equity
$6,646Average loans
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