Santee Cooper State Bank in Elloree, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1993

Santee Cooper State Bank in Elloree, South Carolina (SC)
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Santee Cooper State Bank - Overview

General
FDIC Certificate #: 14958
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SCBT National Association (#13425)
Federal Reserve ID: 642129
Date Established: January 01, 1935
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 9370
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: January 01, 1935
Last Structure Change Effective Date: January 01, 1993
Last Structure Change Process Date: January 12, 1993
Last Data Update: January 12, 1993
Data Source Date: April 05, 2012
Location
Address: Main Street, Elloree, SC 29047
County: Orangeburg
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
Core Based Statistical Area (CBSA): Orangeburg, SC (#36700)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $38.8 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$26Total assets
$38,818Cash and due from depository institutions
$1,854Interest-bearing balances
$100Securities
$9,248Federal funds sold & reverse repurchase agreements
$5,650Net loans & leases
$20,612Loan loss allowance
$500Trading account assets
$0Bank premises and fixed assets
$913Other real estate owned
$55Goodwill and other intangibles
$486Life insurance assets
$0All other assets
$0Total liabilities and capital
$38,818Total liabilities
$34,249Total deposits
$34,179Interest-bearing deposits
$30,064Deposits held in domestic offices
34179.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$70Total equity capital
$70Total bank equity capital
$4,569Perpetual preferred stock
$0Common stock
$1,200Surplus
$1,800Undivided profits
Memoranda
$1,569Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$218Earning assets
$35,610Long-term assets (5+ years)
$3,146Average Assets, year-to-date
$38,816Average Assets, quarterly
$38,662Volatile liabilities
$933Insider loans
$131FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,171Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,569Total risk weighted assets
$18,638Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$2,985Total interest expense
$1,239Net interest income
$1,746Provision for loan and lease losses
$220Total noninterest income
$289Fiduciary activities
$0Service charges on deposit accounts
$244Trading account gains & fees
$0Additional noninterest income
$45Total noninterest expense
$1,359Salaries and employee benefits
$698Premises and equipment expense
$251Additional noninterest expense
$410Pre-tax net operating income
$456Securities gains (losses)
$0Applicable income taxes
$118Income before extraordinary items
$338Extraordinary gains - net
$0Net income attributable to bank
$338Net charge-offs
$71Cash dividends
$180Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.50%Cost of funding earning assets
3.53%Net interest margin
4.97%Noninterest income to earning assets
0.82%Noninterest expense to earning assets
3.87%Net operating income to assets
0.87%Return on assets (ROA)
0.87%Pretax return on assets
1.17%Return on equity (ROE)
7.35%Retained earnings to average equity (YTD only)
3.44%Net charge-offs to loans
0.32%Credit loss provision to net charge-offs
309.86%Efficiency ratio
66,781Assets per employee
1.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
53.25%Loss allowance to loans
2.37%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.14%Noncurrent loans to loans
0.00%Net loans and leases to deposits
60.31%Net loans and leases to core deposits
62.00%Equity capital to assets
11.77%Core capital (leverage) ratio
11.80%Tier 1 risk-based capital ratio
24.51%Total risk-based capital ratio
Memoranda
$26Average assets
$38,816Average earning assets
$4,597Average equity
$35,110Average loans

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