M. S. Bailey & Son, Bankers in Clinton, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 09, 1999

M. S. Bailey & Son, Bankers in Clinton, South Carolina (SC)
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M. S. Bailey & Son, Bankers - Overview

General
FDIC Certificate #: 16781
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Anchor Bank (#21758)
Federal Reserve ID: 6721
Date Established: Febuary 01, 1886
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 11752
FDIC's unique #: 10892
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: April 02, 1949
Last Structure Change Effective Date: October 09, 1999
Last Structure Change Process Date: December 15, 1999
Last Data Update: December 15, 1999
Data Source Date: April 05, 2012
Location
Address: 211 Broad Street, Clinton, SC 29325
County: Laurens
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
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: $126.8 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
87Total employees (full-time equivalent)
$128,879Total assets
$4,696Cash and due from depository institutions
$290Interest-bearing balances
$29,497Securities
$5,650Federal funds sold & reverse repurchase agreements
$82,397Net loans & leases
$816Loan loss allowance
$0Trading account assets
$4,745Bank premises and fixed assets
$543Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,351All other assets
$128,879Total liabilities and capital
$116,607Total liabilities
$99,089Total deposits
$88,631Interest-bearing deposits
$99,089Deposits held in domestic offices
0.00%% insured (estimated)
$6,525Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,187Other borrowed funds
$0Subordinated debt
$806All other liabilities
$12,272Total equity capital
$12,272Total bank equity capital
$12,272Perpetual preferred stock
$0Common stock
$1,000Surplus
$8,000Undivided profits
Memoranda
$3,272Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$963Earning assets
$0Long-term assets (5+ years)
$449Average Assets, year-to-date
$117,834Average Assets, quarterly
$22,525Volatile liabilities
$133,301Insider loans
$127,929FHLB advances
$17,685Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$18,235Total unused commitments
$0Restructured Loans and leases
$89,137Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$9,965Total interest income
$4,480Total interest expense
$5,485Net interest income
$390Provision for loan and lease losses
$2,631Total noninterest income
$1,259Fiduciary activities
$640Service charges on deposit accounts
$0Trading account gains & fees
$732Additional noninterest income
$5,523Total noninterest expense
$2,970Salaries and employee benefits
$1,056Premises and equipment expense
$1,497Additional noninterest expense
$2,203Pre-tax net operating income
$148Securities gains (losses)
$702Applicable income taxes
$1,649Income before extraordinary items
$0Extraordinary gains - net
$1,649Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$284Sale, conversion, retirement of capital stock, net
$505Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.17%Yield on earning assets
3.67%Cost of funding earning assets
4.50%Net interest margin
2.16%Noninterest income to earning assets
4.53%Noninterest expense to earning assets
1.16%Net operating income to assets
1.24%Return on assets (ROA)
1.76%Pretax return on assets
13.84%Return on equity (ROE)
9.60%Retained earnings to average equity (YTD only)
0.33%Net charge-offs to loans
137.32%Credit loss provision to net charge-offs
9.13%Efficiency ratio
68,051Assets per employee
1.48%Cash dividends to net income (YTD only)
Condition Ratios (%)
30.62%Loss allowance to loans
0.98%Loss allowance to noncurrent loans
84.74%Noncurrent assets plus other real estate owned to assets
1.17%Noncurrent loans to loans
1.16%Net loans and leases to deposits
83.15%Net loans and leases to core deposits
91.64%Equity capital to assets
9.52%Core capital (leverage) ratio
9.58%Tier 1 risk-based capital ratio
13.93%Total risk-based capital ratio
Memoranda
$15Average assets
$133,301Average earning assets
$11,914Average equity
$122,011Average loans

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