South Carolina Bank and Trust of the Pee Dee, National Association in Florence, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 11, 2003

South Carolina Bank and Trust of the Pee Dee, National Association in Florence, South Carolina (SC)
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South Carolina Bank and Trust of the Pee Dee, National Association - Overview

General
FDIC Certificate #: 34687
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SCBT National Association (#13425)
Federal Reserve ID: 2645889
Date Established: April 01, 1998
WWW: http://www.scbandt.com
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
FDIC's unique #: 61199
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: April 01, 1998
Last Structure Change Effective Date: July 11, 2003
Last Structure Change Process Date: July 29, 2003
Last Data Update: July 29, 2003
Data Source Date: April 05, 2012
Location
Address: 1600 West Palmetto Street, Florence, SC 29501
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: $55.0 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, 2002)

Dollar figures in thousands
20Total employees (full-time equivalent)
$52,963Total assets
$1,828Cash and due from depository institutions
$10Interest-bearing balances
$6,525Securities
$0Federal funds sold & reverse repurchase agreements
$41,693Net loans & leases
$559Loan loss allowance
$0Trading account assets
$1,719Bank premises and fixed assets
$49Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,149All other assets
$52,963Total liabilities and capital
$47,593Total liabilities
$44,237Total deposits
$36,902Interest-bearing deposits
$44,237Deposits held in domestic offices
0.00%% insured (estimated)
$1,636Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,500Other borrowed funds
$0Subordinated debt
$220All other liabilities
$5,370Total equity capital
$5,370Total bank equity capital
$5,370Perpetual preferred stock
$0Common stock
$2,250Surplus
$3,250Undivided profits
Memoranda
$-130Noncurrent loans and leases
$9,286Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$106Earning assets
$0Long-term assets (5+ years)
$244Average Assets, year-to-date
$48,228Average Assets, quarterly
$5,063Volatile liabilities
$49,899Insider loans
$50,581FHLB advances
$13,956Loans and leases held for sale
$1,055Unused loan commitments
$1,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,105Total risk weighted assets
$9,286Total unused commitments
$0Restructured Loans and leases
$512Derivatives

Income and Expense (December 31, 2002)

Dollar figures in thousands
$3,210Total interest income
$959Total interest expense
$2,251Net interest income
$254Provision for loan and lease losses
$797Total noninterest income
$0Fiduciary activities
$470Service charges on deposit accounts
$0Trading account gains & fees
$327Additional noninterest income
$2,313Total noninterest expense
$1,071Salaries and employee benefits
$251Premises and equipment expense
$991Additional noninterest expense
$481Pre-tax net operating income
$0Securities gains (losses)
$172Applicable income taxes
$309Income before extraordinary items
$0Extraordinary gains - net
$309Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$166Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2002)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.10%Yield on earning assets
2.12%Cost of funding earning assets
4.98%Net interest margin
1.76%Noninterest income to earning assets
5.11%Noninterest expense to earning assets
0.62%Net operating income to assets
0.62%Return on assets (ROA)
0.96%Pretax return on assets
6.17%Return on equity (ROE)
6.17%Retained earnings to average equity (YTD only)
0.44%Net charge-offs to loans
153.01%Credit loss provision to net charge-offs
4.43%Efficiency ratio
75,886Assets per employee
2.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.32%Loss allowance to noncurrent loans
527.36%Noncurrent assets plus other real estate owned to assets
0.29%Noncurrent loans to loans
0.25%Net loans and leases to deposits
94.25%Net loans and leases to core deposits
130.63%Equity capital to assets
10.14%Core capital (leverage) ratio
10.43%Tier 1 risk-based capital ratio
12.60%Total risk-based capital ratio
Memoranda
$14Average assets
$49,899Average earning assets
$5,006Average equity
$45,221Average loans

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