SouthBank in Anderson, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 19, 2001

  • SouthBank in Anderson, South Carolina (SC)
  • Show street view No street view available for this location

SouthBank - Overview

  • General
  • FDIC Certificate #: 28855
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Central Carolina Bank and Trust Company (#2033)
    Federal Reserve ID: 400570
    Date Established: January 01, 1906
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2497
    FDIC's unique #: 41689
    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: Febuary 21, 1938
    Last Structure Change Effective Date: November 19, 2001
    Last Structure Change Process Date: December 05, 2001
    Last Data Update: December 05, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 907 North Main Street, Anderson, SC 29622
    County: Anderson
    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): Anderson, SC (#11340)
    CBSA Metro Statistical Area: Anderson, SC (#11340)
  • Financial Summary
  • Total assets: $644.2 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 70Total employees (full-time equivalent)
  • $367,802Total assets
  • $15,382Cash and due from depository institutions
  • $10,264Interest-bearing balances
  • $64,172Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $259,231Net loans & leases
  • $2,502Loan loss allowance
  • $0Trading account assets
  • $5,979Bank premises and fixed assets
  • $3,493Other real estate owned
  • $127Goodwill and other intangibles
  • $0Life insurance assets
  • $19,418All other assets
  • $367,802Total liabilities and capital
  • $329,251Total liabilities
  • $225,896Total deposits
  • $213,974Interest-bearing deposits
  • $225,896Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $20,435Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $77,711Other borrowed funds
  • $0Subordinated debt
  • $5,209All other liabilities
  • $38,551Total equity capital
  • $38,551Total bank equity capital
  • $38,551Perpetual preferred stock
  • $0Common stock
  • $43Surplus
  • $36,327Undivided profits
  • Memoranda
  • $2,181Noncurrent loans and leases
  • $62,312Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,613Earning assets
  • $0Long-term assets (5+ years)
  • $2,251Average Assets, year-to-date
  • $333,667Average Assets, quarterly
  • $0Volatile liabilities
  • $371,421Insider loans
  • $370,537FHLB advances
  • $130,689Loans and leases held for sale
  • $0Unused loan commitments
  • $77,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $62,312Total unused commitments
  • $1,273Restructured Loans and leases
  • $2,662Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $27,055Total interest income
  • $16,378Total interest expense
  • $10,677Net interest income
  • $1,300Provision for loan and lease losses
  • $6,002Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,002Additional noninterest income
  • $10,241Total noninterest expense
  • $5,044Salaries and employee benefits
  • $2,364Premises and equipment expense
  • $2,833Additional noninterest expense
  • $5,138Pre-tax net operating income
  • -$2,701Securities gains (losses)
  • $650Applicable income taxes
  • $1,787Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,787Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,456Sale, conversion, retirement of capital stock, net
  • $18,000Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.07%Yield on earning assets
  • 4.88%Cost of funding earning assets
  • 3.18%Net interest margin
  • 1.79%Noninterest income to earning assets
  • 3.05%Noninterest expense to earning assets
  • 1.01%Net operating income to assets
  • 0.48%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 4.54%Return on equity (ROE)
  • -41.19%Retained earnings to average equity (YTD only)
  • 0.54%Net charge-offs to loans
  • 89.29%Credit loss provision to net charge-offs
  • 4.42%Efficiency ratio
  • 61,401Assets per employee
  • 5.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 1007.27%Loss allowance to loans
  • 0.96%Loss allowance to noncurrent loans
  • 69.25%Noncurrent assets plus other real estate owned to assets
  • 1.33%Noncurrent loans to loans
  • 1.38%Net loans and leases to deposits
  • 114.76%Net loans and leases to core deposits
  • 134.07%Equity capital to assets
  • 10.48%Core capital (leverage) ratio
  • 9.84%Tier 1 risk-based capital ratio
  • 15.04%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $371,421Average earning assets
  • $39,358Average equity
  • $335,377Average loans

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