SouthTrust Bank of South Carolina, National Association in Charleston, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 02, 1997

  • SouthTrust Bank of South Carolina, National Association in Charleston, South Carolina (SC)
  • Show street view No street view available for this location

SouthTrust Bank of South Carolina, National Association - Overview

  • General
  • FDIC Certificate #: 27466
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: SouthTrust Bank (#849)
    Federal Reserve ID: 1367830
    Date Established: March 06, 1989
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 14 (Interstate: No)
    OTS Docket #: 10811
    FDIC's unique #: 39990
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: March 06, 1989
    Last Structure Change Effective Date: June 02, 1997
    Last Structure Change Process Date: June 13, 1997
    Last Data Update: June 14, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 145 King Street, Charleston, SC 29401
    County: Charleston
    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): Charleston-North Charleston, SC (#1440)
    Core Based Statistical Area (CBSA): Charleston-North Charleston-Summerville, SC (#16700)
    CBSA Metro Statistical Area: Charleston-North Charleston-Summerville, SC (#16700)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $501.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $152Total assets
  • $452,565Cash and due from depository institutions
  • $10,747Interest-bearing balances
  • $66Securities
  • $91,017Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $333,813Loan loss allowance
  • $4,737Trading account assets
  • $0Bank premises and fixed assets
  • $11,481Other real estate owned
  • $444Goodwill and other intangibles
  • $4,848Life insurance assets
  • $215All other assets
  • $0Total liabilities and capital
  • $452,565Total liabilities
  • $427,229Total deposits
  • $362,441Interest-bearing deposits
  • $328,671Deposits held in domestic offices
  • 362441.00%% insured (estimated)
  • $66Federal funds purchased & repurchase agreements
  • $18,693Trading liabilities
  • $0Other borrowed funds
  • $35,299Subordinated debt
  • $6,000All other liabilities
  • $4,796Total equity capital
  • $4,796Total bank equity capital
  • $25,336Perpetual preferred stock
  • $0Common stock
  • $1,500Surplus
  • $11,750Undivided profits
  • Memoranda
  • $12,086Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,010Income earned, not collected on loans
  • $2,074Earning assets
  • $424,896Long-term assets (5+ years)
  • $44,461Average Assets, year-to-date
  • $402,961Average Assets, quarterly
  • $443,702Volatile liabilities
  • $148,073Insider loans
  • $4,370FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $56,138Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $25,222Total risk weighted assets
  • $350,445Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $32,073Total interest expense
  • $17,643Net interest income
  • $14,430Provision for loan and lease losses
  • $1,775Total noninterest income
  • $1,755Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,107Trading account gains & fees
  • $0Additional noninterest income
  • $648Total noninterest expense
  • $11,344Salaries and employee benefits
  • $5,151Premises and equipment expense
  • $1,493Additional noninterest expense
  • $4,700Pre-tax net operating income
  • $3,066Securities gains (losses)
  • $7Applicable income taxes
  • $1,176Income before extraordinary items
  • $1,897Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,897Net charge-offs
  • $418Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.50%Cost of funding earning assets
  • 4.68%Net interest margin
  • 3.82%Noninterest income to earning assets
  • 0.47%Noninterest expense to earning assets
  • 3.01%Net operating income to assets
  • 0.47%Return on assets (ROA)
  • 0.47%Pretax return on assets
  • 0.76%Return on equity (ROE)
  • 7.81%Retained earnings to average equity (YTD only)
  • 7.81%Net charge-offs to loans
  • 0.14%Credit loss provision to net charge-offs
  • 424.64%Efficiency ratio
  • 69,892Assets per employee
  • 2.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 469.01%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.30%Net loans and leases to deposits
  • 92.10%Net loans and leases to core deposits
  • 143.23%Equity capital to assets
  • 5.60%Core capital (leverage) ratio
  • 5.60%Tier 1 risk-based capital ratio
  • 7.20%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $402,961Average earning assets
  • $24,286Average equity
  • $377,367Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with SouthTrust Bank of South Carolina, National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents