Mid State Bank in Newberry, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2001

Mid State Bank in Newberry, South Carolina (SC)
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Mid State Bank - Overview

General
FDIC Certificate #: 34474
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: CapitalBank (#27426)
Federal Reserve ID: 2536352
Date Established: July 10, 1997
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Interstate: No)
FDIC's unique #: 57665
Numeric code: 13
Regulator: FED
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: July 10, 1997
Last Structure Change Effective Date: January 01, 2001
Last Structure Change Process Date: May 08, 2001
Last Data Update: May 08, 2001
Data Source Date: April 05, 2012
Location
Address: 999 Wilson Road, Newberry, SC 29108
County: Newberry
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): Columbia-Newberry, SC (#192)
Core Based Statistical Area (CBSA): Newberry, SC (#35140)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $83.7 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, 2000)

Dollar figures in thousands
26Total employees (full-time equivalent)
$83,735Total assets
$2,419Cash and due from depository institutions
$480Interest-bearing balances
$12,514Securities
$4,270Federal funds sold & reverse repurchase agreements
$58,133Net loans & leases
$629Loan loss allowance
$0Trading account assets
$3,292Bank premises and fixed assets
$0Other real estate owned
$2,355Goodwill and other intangibles
$0Life insurance assets
$752All other assets
$83,735Total liabilities and capital
$75,935Total liabilities
$68,763Total deposits
$64,239Interest-bearing deposits
$68,763Deposits held in domestic offices
0.00%% insured (estimated)
$3,336Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,000Other borrowed funds
$0Subordinated debt
$836All other liabilities
$7,800Total equity capital
$7,800Total bank equity capital
$7,800Perpetual preferred stock
$0Common stock
$1,650Surplus
$6,225Undivided profits
Memoranda
$-75Noncurrent loans and leases
$6,529Noncurrent 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)
$433Average Assets, year-to-date
$75,397Average Assets, quarterly
$11,938Volatile liabilities
$56,893Insider loans
$81,745FHLB advances
$18,211Loans and leases held for sale
$1,448Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,529Total unused commitments
$0Restructured Loans and leases
$629Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$4,575Total interest income
$2,681Total interest expense
$1,894Net interest income
$120Provision for loan and lease losses
$234Total noninterest income
$0Fiduciary activities
$160Service charges on deposit accounts
$0Trading account gains & fees
$74Additional noninterest income
$1,802Total noninterest expense
$801Salaries and employee benefits
$280Premises and equipment expense
$721Additional noninterest expense
$206Pre-tax net operating income
$0Securities gains (losses)
$32Applicable income taxes
$174Income before extraordinary items
$0Extraordinary gains - net
$174Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$49Sale, conversion, retirement of capital stock, net
$245Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.92%Yield on earning assets
5.23%Cost of funding earning assets
3.69%Net interest margin
0.46%Noninterest income to earning assets
3.51%Noninterest expense to earning assets
0.31%Net operating income to assets
0.31%Return on assets (ROA)
0.36%Pretax return on assets
3.50%Return on equity (ROE)
-1.43%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
244.90%Credit loss provision to net charge-offs
6.65%Efficiency ratio
78,994Assets per employee
3.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
140.80%Loss allowance to loans
1.07%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
84.54%Net loans and leases to core deposits
102.19%Equity capital to assets
9.32%Core capital (leverage) ratio
7.05%Tier 1 risk-based capital ratio
8.98%Total risk-based capital ratio
Memoranda
$10Average assets
$56,893Average earning assets
$4,969Average equity
$51,285Average loans

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