South Carolina Federal Savings Bank in Columbia, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 19, 1993

  • South Carolina Federal Savings Bank in Columbia, South Carolina (SC)
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South Carolina Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 28439
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Union National Bank of South Carolina (#18395)
    Federal Reserve ID: 592073
    Date Established: January 01, 1931
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1592
    FDIC's unique #: 41273
    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 26, 1934
    Last Structure Change Effective Date: Febuary 19, 1993
    Last Structure Change Process Date: March 01, 1993
    Last Data Update: March 01, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 1500 Hampton Street, Columbia, SC 29201
    County: Richland
    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): Columbia, SC (#1760)
    Combined Statistical Area (CSA): Columbia-Newberry, SC (#192)
    Core Based Statistical Area (CBSA): Columbia, SC (#17900)
    CBSA Metro Statistical Area: Columbia, SC (#17900)
  • Financial Summary
  • Total assets: $824.6 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $369Total assets
  • $824,606Cash and due from depository institutions
  • $35,177Interest-bearing balances
  • $5,392Securities
  • $67,837Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $668,110Loan loss allowance
  • $10,881Trading account assets
  • $0Bank premises and fixed assets
  • $13,048Other real estate owned
  • $20,212Goodwill and other intangibles
  • $15,878Life insurance assets
  • $4,344All other assets
  • $0Total liabilities and capital
  • $824,606Total liabilities
  • $778,938Total deposits
  • $639,657Interest-bearing deposits
  • $579,495Deposits held in domestic offices
  • 639657.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $124,831Subordinated debt
  • $0All other liabilities
  • $14,450Total equity capital
  • $14,450Total bank equity capital
  • $45,668Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $25,362Undivided profits
  • Memoranda
  • $20,305Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,305Income earned, not collected on loans
  • $4,938Earning assets
  • $741,339Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $881,970Average Assets, quarterly
  • $842,419Volatile liabilities
  • $195,008Insider loans
  • $0FHLB advances
  • $116,500Loans and leases held for sale
  • $0Unused loan commitments
  • $118,354Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $44,585Total risk weighted assets
  • $600,029Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $72,791Total interest expense
  • $37,590Net interest income
  • $35,201Provision for loan and lease losses
  • $9,820Total noninterest income
  • $7,416Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $7,416Total noninterest expense
  • $35,774Salaries and employee benefits
  • $13,528Premises and equipment expense
  • $12,113Additional noninterest expense
  • $10,133Pre-tax net operating income
  • -$2,977Securities gains (losses)
  • $2,104Applicable income taxes
  • $2,973Income before extraordinary items
  • -$3,846Extraordinary gains - net
  • $470Net income attributable to bank
  • -$3,376Net charge-offs
  • $4,744Cash dividends
  • $1,819Sale, 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
  • 9.13%Cost of funding earning assets
  • 4.72%Net interest margin
  • 4.42%Noninterest income to earning assets
  • 0.93%Noninterest expense to earning assets
  • 4.49%Net operating income to assets
  • -0.67%Return on assets (ROA)
  • -0.38%Pretax return on assets
  • -0.05%Return on equity (ROE)
  • -6.53%Retained earnings to average equity (YTD only)
  • -10.05%Net charge-offs to loans
  • 0.66%Credit loss provision to net charge-offs
  • 207.00%Efficiency ratio
  • 83,443Assets per employee
  • 2.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -53.88%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 131.02%Noncurrent assets plus other real estate owned to assets
  • 3.45%Noncurrent loans to loans
  • 1.22%Net loans and leases to deposits
  • 104.45%Net loans and leases to core deposits
  • 117.32%Equity capital to assets
  • 5.54%Core capital (leverage) ratio
  • 5.42%Tier 1 risk-based capital ratio
  • 7.43%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $881,970Average earning assets
  • $51,695Average equity
  • $796,892Average loans

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