FDIC Certificate #: 16420 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Citizens Bank (#15932) Federal Reserve ID: 353023 Date Established: May 01, 1946 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) FDIC's unique #: 10595 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: May 01, 1946 Last Structure Change Effective Date: June 09, 2007 Last Structure Change Process Date: June 18, 2007 Last Data Update: June 18, 2007 Data Source Date: April 05, 2012
Location
Address: 127 South Georgetown Highway, Johnsonville, SC 29555 County: Florence 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): Florence, SC (#2655) Core Based Statistical Area (CBSA): Florence, SC (#22500) CBSA Metro Statistical Area: Florence, SC (#22500)
Financial Summary
Total assets: $22.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2006)
Dollar figures in thousands
10Total employees (full-time equivalent)
$21,920Total assets
$3,981Cash and due from depository institutions
$0Interest-bearing balances
$3,197Securities
$3,856Federal funds sold & reverse repurchase agreements
$10,322Net loans & leases
$156Loan loss allowance
$0Trading account assets
$266Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$298All other assets
$21,920Total liabilities and capital
$18,560Total liabilities
$18,411Total deposits
$15,160Interest-bearing deposits
$18,411Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$149All other liabilities
$3,360Total equity capital
$3,360Total bank equity capital
$3,360Perpetual preferred stock
$0Common stock
$200Surplus
$2,800Undivided profits
Memoranda
$360Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$78Earning assets
$0Long-term assets (5+ years)
$61Average Assets, year-to-date
$17,375Average Assets, quarterly
$3,557Volatile liabilities
$21,733Insider loans
$21,813FHLB advances
$3,655Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$139Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$1,310Total interest income
$400Total interest expense
$910Net interest income
$228Provision for loan and lease losses
$111Total noninterest income
$0Fiduciary activities
$100Service charges on deposit accounts
$0Trading account gains & fees
$11Additional noninterest income
$741Total noninterest expense
$459Salaries and employee benefits
$97Premises and equipment expense
$185Additional noninterest expense
$52Pre-tax net operating income
$0Securities gains (losses)
$7Applicable income taxes
$45Income before extraordinary items
$0Extraordinary gains - net
$45Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$257Sale, conversion, retirement of capital stock, net
$60Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.85%Yield on earning assets
2.09%Cost of funding earning assets
4.76%Net interest margin
0.58%Noninterest income to earning assets
3.88%Noninterest expense to earning assets
0.21%Net operating income to assets
0.21%Return on assets (ROA)
0.24%Pretax return on assets
1.34%Return on equity (ROE)
-0.45%Retained earnings to average equity (YTD only)
2.38%Net charge-offs to loans
88.72%Credit loss provision to net charge-offs
1.09%Efficiency ratio
72,576Assets per employee
2.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
133.33%Loss allowance to loans
1.49%Loss allowance to noncurrent loans
200.00%Noncurrent assets plus other real estate owned to assets
0.36%Noncurrent loans to loans
0.74%Net loans and leases to deposits
56.06%Net loans and leases to core deposits
69.95%Equity capital to assets
15.33%Core capital (leverage) ratio
15.61%Tier 1 risk-based capital ratio
30.45%Total risk-based capital ratio
Memoranda
$32Average assets
$21,733Average earning assets
$3,354Average equity
$19,114Average loans
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