FDIC Certificate #: 34183 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Community Resource Bank, National Association (#27116) Federal Reserve ID: 2428381 Date Established: June 10, 1996 WWW:http://www.sumternational.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) OTS Docket #: 14427 FDIC's unique #: 56841 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: June 10, 1996 Last Structure Change Effective Date: October 01, 2006 Last Structure Change Process Date: October 18, 2006 Last Data Update: October 18, 2006 Data Source Date: April 05, 2012
Location
Address: 683 Bultman Drive, Sumter, SC 29150 County: Sumter 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): Sumter, SC (#8140) Core Based Statistical Area (CBSA): Sumter, SC (#44940) CBSA Metro Statistical Area: Sumter, SC (#44940)
Financial Summary
Total assets: $132.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
29Total employees (full-time equivalent)
$140,672Total assets
$5,344Cash and due from depository institutions
$429Interest-bearing balances
$4,030Securities
$10,963Federal funds sold & reverse repurchase agreements
$113,513Net loans & leases
$7,741Loan loss allowance
$0Trading account assets
$1,883Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,939All other assets
$140,672Total liabilities and capital
$130,635Total liabilities
$120,911Total deposits
$103,305Interest-bearing deposits
$120,911Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$9,185Other borrowed funds
$0Subordinated debt
$539All other liabilities
$10,037Total equity capital
$10,037Total bank equity capital
$10,037Perpetual preferred stock
$0Common stock
$1,750Surplus
$7,500Undivided profits
Memoranda
$787Noncurrent loans and leases
$12,074Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$6,219Earning assets
$0Long-term assets (5+ years)
$777Average Assets, year-to-date
$128,935Average Assets, quarterly
$1,853Volatile liabilities
$138,202Insider loans
$141,273FHLB advances
$27,506Loans and leases held for sale
$3,274Unused loan commitments
$9,185Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$12,074Total unused commitments
$0Restructured Loans and leases
$1,458Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$8,732Total interest income
$3,146Total interest expense
$5,586Net interest income
$8,300Provision for loan and lease losses
$1,115Total noninterest income
$0Fiduciary activities
$921Service charges on deposit accounts
$0Trading account gains & fees
$194Additional noninterest income
$2,925Total noninterest expense
$1,077Salaries and employee benefits
$347Premises and equipment expense
$1,501Additional noninterest expense
-$4,524Pre-tax net operating income
$0Securities gains (losses)
-$1,544Applicable income taxes
-$2,980Income before extraordinary items
$0Extraordinary gains - net
-$2,980Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,733Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.79%Yield on earning assets
2.45%Cost of funding earning assets
4.35%Net interest margin
0.87%Noninterest income to earning assets
2.28%Noninterest expense to earning assets
-2.16%Net operating income to assets
-2.16%Return on assets (ROA)
-3.27%Pretax return on assets
-27.80%Return on equity (ROE)
-27.80%Retained earnings to average equity (YTD only)
1.42%Net charge-offs to loans
478.94%Credit loss provision to net charge-offs
2.18%Efficiency ratio
43,650Assets per employee
4.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
6.38%Loss allowance to noncurrent loans
124.47%Noncurrent assets plus other real estate owned to assets
4.42%Noncurrent loans to loans
5.13%Net loans and leases to deposits
93.88%Net loans and leases to core deposits
121.53%Equity capital to assets
7.14%Core capital (leverage) ratio
7.06%Tier 1 risk-based capital ratio
9.11%Total risk-based capital ratio
Memoranda
$10Average assets
$138,202Average earning assets
$10,718Average equity
$128,518Average loans
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