Pickens Savings and Loan Association, FA - Overview
General
FDIC Certificate #: 31089 Status: Active Federal Reserve ID: 884376 Date Established: January 01, 1920 WWW:http://www.pickenssavingsandloan.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 6359 FDIC's unique #: 43923 Numeric code: 37 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: November 10, 1959 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 205 E Cedar Rock St, Pickens, SC 29671 County: Pickens 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): Greenville-Spartanburg-Anderson, SC (#3160) 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)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $103.6 mil Equity capital: $8.2 mil Deposits held in domestic offices: $78.9 mil Return on assets (ROA): -0.06% (-$0.1 mil) Quarterly return on assets: 0.50% ($0.5 mil) Return on Equity (ROE): -0.80% (-$0.1 mil) Quarterly return on equity: 6.45% ($0.5 mil) Net income: -$0.1 mil Quarterly Net income: $0.1 mil Pretax return on assets: -0.23% (-$238.2 mil) Quarterly Pretax return on assets: 0.82% ($849.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
20Total employees (full-time equivalent)
$103,566Total assets
$4,834Cash and due from depository institutions
$560Interest-bearing balances
$15,895Securities
$0Federal funds sold & reverse repurchase agreements
$77,166Net loans & leases
$1,252Loan loss allowance
$0Trading account assets
$593Bank premises and fixed assets
$1,001Other real estate owned
$0Goodwill and other intangibles
$103,566Life insurance assets
$4,077All other assets
$95,380Total liabilities and capital
$78,945Total liabilities
$77,345Total deposits
$78,945Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$16,100Trading liabilities
$0Other borrowed funds
$335Subordinated debt
$8,186All other liabilities
$8,186Total equity capital
$8,186Total bank equity capital
$0Perpetual preferred stock
$373Common stock
$5,498Surplus
$2,315Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,459Income earned, not collected on loans
$0Earning assets
$439Long-term assets (5+ years)
$93,621Average Assets, year-to-date
$0Average Assets, quarterly
$104,885Volatile liabilities
$104,128Insider loans
$71,951FHLB advances
$103,454Loans and leases held for sale
$1,874Unused loan commitments
$0Tier 1 (core) risk-based capital
$8,074Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$8,386Restructured Loans and leases
$1,711Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,978Total interest income
$1,607Total interest expense
$3,371Net interest income
$1,314Provision for loan and lease losses
$279Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$279Additional noninterest income
$2,610Total noninterest expense
$1,611Salaries and employee benefits
$476Premises and equipment expense
$523Additional noninterest expense
-$274Pre-tax net operating income
$29Securities gains (losses)
-$178Applicable income taxes
-$67Income before extraordinary items
$0Extraordinary gains - net
-$67Net income attributable to bank
$0Net charge-offs
-$67Cash dividends
$695Sale, conversion, retirement of capital stock, net
$143Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.24%Yield on earning assets
1.69%Cost of funding earning assets
3.55%Net interest margin
0.29%Noninterest income to earning assets
2.75%Noninterest expense to earning assets
-0.08%Net operating income to assets
-0.06%Return on assets (ROA)
-0.23%Pretax return on assets
-0.80%Return on equity (ROE)
-2.52%Retained earnings to average equity (YTD only)
0.86%Net charge-offs to loans
189.06%Credit loss provision to net charge-offs
1.50%Efficiency ratio
71,507Assets per employee
5.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
-213.43%Loss allowance to loans
1.60%Loss allowance to noncurrent loans
36.20%Noncurrent assets plus other real estate owned to assets
4.31%Noncurrent loans to loans
4.41%Net loans and leases to deposits
97.75%Net loans and leases to core deposits
98.41%Equity capital to assets
7.90%Core capital (leverage) ratio
7.80%Tier 1 risk-based capital ratio
11.22%Total risk-based capital ratio
Memoranda
$12Average assets
$104,885Average earning assets
$8,348Average equity
$94,966Average loans
List of branches
1 South Carolina Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
43923
Pickens Savings And Loan Association, Fa
205 E Cedar Rock St, Pickens, SC 29671
January 01, 1920
Full Service Brick and Mortar
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