Pee Dee State Bank in Timmonsville, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 28, 1998

Pee Dee State Bank in Timmonsville, South Carolina (SC)
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Pee Dee State Bank - Overview

General
FDIC Certificate #: 15030
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: RBC Bank (USA) (#33184)
Federal Reserve ID: 587426
Date Established: January 01, 1932
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 6 (Interstate: No)
OTS Docket #: 10452
FDIC's unique #: 9424
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: Febuary 20, 1935
Last Structure Change Effective Date: March 28, 1998
Last Structure Change Process Date: April 08, 1998
Last Data Update: April 08, 1998
Data Source Date: April 05, 2012
Location
Address: Main Street, Timmonsville, SC 29161
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: $139.4 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
92Total employees (full-time equivalent)
$139,425Total assets
$4,353Cash and due from depository institutions
$0Interest-bearing balances
$29,648Securities
$9,000Federal funds sold & reverse repurchase agreements
$90,550Net loans & leases
$989Loan loss allowance
$0Trading account assets
$2,222Bank premises and fixed assets
$125Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,527All other assets
$139,425Total liabilities and capital
$125,508Total liabilities
$118,961Total deposits
$97,862Interest-bearing deposits
$118,961Deposits held in domestic offices
0.00%% insured (estimated)
$3,375Federal funds purchased & repurchase agreements
$0Trading liabilities
$615Other borrowed funds
$0Subordinated debt
$2,557All other liabilities
$13,917Total equity capital
$13,917Total bank equity capital
$13,917Perpetual preferred stock
$0Common stock
$315Surplus
$5,018Undivided profits
Memoranda
$8,584Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$725Earning assets
$0Long-term assets (5+ years)
$827Average Assets, year-to-date
$129,198Average Assets, quarterly
$4,969Volatile liabilities
$130,486Insider loans
$136,624FHLB advances
$18,220Loans and leases held for sale
$43Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$766Total risk weighted assets
$8,363Total unused commitments
$0Restructured Loans and leases
$96,653Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$12,192Total interest income
$4,522Total interest expense
$7,670Net interest income
$650Provision for loan and lease losses
$1,812Total noninterest income
$0Fiduciary activities
$1,205Service charges on deposit accounts
$0Trading account gains & fees
$607Additional noninterest income
$5,898Total noninterest expense
$3,273Salaries and employee benefits
$771Premises and equipment expense
$1,854Additional noninterest expense
$2,934Pre-tax net operating income
$0Securities gains (losses)
$1,031Applicable income taxes
$1,903Income before extraordinary items
$0Extraordinary gains - net
$1,903Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$511Sale, conversion, retirement of capital stock, net
$599Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
10.07%Yield on earning assets
3.74%Cost of funding earning assets
6.34%Net interest margin
1.50%Noninterest income to earning assets
4.87%Noninterest expense to earning assets
1.46%Net operating income to assets
1.46%Return on assets (ROA)
2.25%Pretax return on assets
14.21%Return on equity (ROE)
9.73%Retained earnings to average equity (YTD only)
0.59%Net charge-offs to loans
127.20%Credit loss provision to net charge-offs
7.01%Efficiency ratio
62,202Assets per employee
1.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
31.48%Loss allowance to loans
1.08%Loss allowance to noncurrent loans
136.41%Noncurrent assets plus other real estate owned to assets
0.61%Noncurrent loans to loans
0.79%Net loans and leases to deposits
76.12%Net loans and leases to core deposits
86.97%Equity capital to assets
9.98%Core capital (leverage) ratio
10.14%Tier 1 risk-based capital ratio
14.39%Total risk-based capital ratio
Memoranda
$15Average assets
$130,486Average earning assets
$13,395Average equity
$121,028Average loans

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