Palmetto Federal Savings Bank of South Carolina - Overview
General
FDIC Certificate #: 30524 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 527879 Date Established: December 17, 1951 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 5495 FDIC's unique #: 43358 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: December 17, 1951 Last Structure Change Effective Date: July 23, 1998 Last Structure Change Process Date: August 04, 1998 Last Data Update: August 04, 1998 Data Source Date: April 05, 2012
Location
Address: 107 Chesterfield St South, Aiken, SC 29801 County: Aiken 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): Augusta-Aiken, GA-SC (#600) Core Based Statistical Area (CBSA): Augusta-Richmond County, GA-SC (#12260) CBSA Metro Statistical Area: Augusta-Richmond County, GA-SC (#12260)
Financial Summary
Total assets: $668.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
298Total employees (full-time equivalent)
$665,593Total assets
$21,505Cash and due from depository institutions
$4,132Interest-bearing balances
$69,522Securities
$0Federal funds sold & reverse repurchase agreements
$552,058Net loans & leases
$7,180Loan loss allowance
$0Trading account assets
$5,147Bank premises and fixed assets
$4,769Other real estate owned
$1,172Goodwill and other intangibles
$0Life insurance assets
$11,420All other assets
$665,593Total liabilities and capital
$618,409Total liabilities
$584,621Total deposits
$547,756Interest-bearing deposits
$584,621Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$23,500Other borrowed funds
$0Subordinated debt
$10,288All other liabilities
$47,184Total equity capital
$47,184Total bank equity capital
$47,184Perpetual preferred stock
$0Common stock
$1,335Surplus
$27,304Undivided profits
Memoranda
$18,545Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,971Earning assets
$0Long-term assets (5+ years)
$3,535Average Assets, year-to-date
$625,712Average Assets, quarterly
$0Volatile liabilities
$663,076Insider loans
$665,828FHLB advances
$118,107Loans and leases held for sale
$2,780Unused loan commitments
$23,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$99,105Total unused commitments
$0Restructured Loans and leases
$488,019Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$53,815Total interest income
$29,016Total interest expense
$24,799Net interest income
$3,023Provision for loan and lease losses
$4,229Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$631Trading account gains & fees
$3,598Additional noninterest income
$26,980Total noninterest expense
$13,773Salaries and employee benefits
$3,709Premises and equipment expense
$9,498Additional noninterest expense
-$975Pre-tax net operating income
$333Securities gains (losses)
$210Applicable income taxes
-$852Income before extraordinary items
$0Extraordinary gains - net
-$852Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$4,842Sale, conversion, retirement of capital stock, net
$1,400Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.67%Yield on earning assets
4.67%Cost of funding earning assets
3.99%Net interest margin
0.68%Noninterest income to earning assets
4.35%Noninterest expense to earning assets
-0.18%Net operating income to assets
-0.13%Return on assets (ROA)
-0.10%Pretax return on assets
-1.70%Return on equity (ROE)
-4.50%Retained earnings to average equity (YTD only)
0.88%Net charge-offs to loans
62.43%Credit loss provision to net charge-offs
0.42%Efficiency ratio
92,945Assets per employee
2.23%Cash dividends to net income (YTD only)
Condition Ratios (%)
-164.32%Loss allowance to loans
1.28%Loss allowance to noncurrent loans
241.67%Noncurrent assets plus other real estate owned to assets
0.88%Noncurrent loans to loans
0.53%Net loans and leases to deposits
94.43%Net loans and leases to core deposits
112.66%Equity capital to assets
7.09%Core capital (leverage) ratio
6.86%Tier 1 risk-based capital ratio
9.34%Total risk-based capital ratio
Memoranda
$10Average assets
$663,076Average earning assets
$49,991Average equity
$620,815Average loans
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