FDIC Certificate #: 25015 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 517124 Date Established: Febuary 06, 1984 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) OTS Docket #: 10665 FDIC's unique #: 17324 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: Febuary 06, 1984 Last Structure Change Effective Date: March 26, 1999 Last Structure Change Process Date: May 06, 1999 Last Data Update: May 06, 1999 Data Source Date: April 05, 2012
Location
Address: 270 South Pleasantburg Drive, Greenville, SC 29606 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: $149.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
30Total employees (full-time equivalent)
$149,142Total assets
$4,641Cash and due from depository institutions
$0Interest-bearing balances
$35,108Securities
$14,453Federal funds sold & reverse repurchase agreements
$90,834Net loans & leases
$1,796Loan loss allowance
$0Trading account assets
$1,666Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,440All other assets
$149,142Total liabilities and capital
$136,955Total liabilities
$131,507Total deposits
$116,382Interest-bearing deposits
$131,507Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,791Other borrowed funds
$0Subordinated debt
$657All other liabilities
$12,187Total equity capital
$12,187Total bank equity capital
$12,187Perpetual preferred stock
$0Common stock
$1,375Surplus
$1,368Undivided profits
Memoranda
$9,444Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$545Earning assets
$0Long-term assets (5+ years)
$593Average Assets, year-to-date
$140,395Average Assets, quarterly
$26,467Volatile liabilities
$146,015Insider loans
$144,887FHLB advances
$16,780Loans and leases held for sale
$1,230Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$43,664Total unused commitments
$0Restructured Loans and leases
$120,152Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$11,606Total interest income
$5,262Total interest expense
$6,344Net interest income
$322Provision for loan and lease losses
$561Total noninterest income
$0Fiduciary activities
$320Service charges on deposit accounts
$0Trading account gains & fees
$241Additional noninterest income
$2,774Total noninterest expense
$1,872Salaries and employee benefits
$307Premises and equipment expense
$595Additional noninterest expense
$3,809Pre-tax net operating income
$0Securities gains (losses)
$1,405Applicable income taxes
$2,404Income before extraordinary items
$0Extraordinary gains - net
$2,404Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$57Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.45%Yield on earning assets
3.83%Cost of funding earning assets
4.62%Net interest margin
0.41%Noninterest income to earning assets
2.02%Noninterest expense to earning assets
1.65%Net operating income to assets
1.65%Return on assets (ROA)
2.61%Pretax return on assets
21.91%Return on equity (ROE)
21.91%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
564.91%Credit loss provision to net charge-offs
72.47%Efficiency ratio
40,174Assets per employee
4.97%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.94%Loss allowance to noncurrent loans
329.54%Noncurrent assets plus other real estate owned to assets
0.37%Noncurrent loans to loans
0.59%Net loans and leases to deposits
69.07%Net loans and leases to core deposits
79.17%Equity capital to assets
8.17%Core capital (leverage) ratio
8.37%Tier 1 risk-based capital ratio
10.11%Total risk-based capital ratio
Memoranda
$11Average assets
$146,015Average earning assets
$10,971Average equity
$137,394Average loans
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