The Anchor Bank in Myrtle Beach, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 08, 2000

  • The Anchor Bank in Myrtle Beach, South Carolina (SC)
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The Anchor Bank - Overview

  • General
  • FDIC Certificate #: 21758
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Carolina First Bank (#26849)
    Federal Reserve ID: 75026
    Date Established: September 16, 1974
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 33 (Interstate: No)
    OTS Docket #: 11441
    FDIC's unique #: 15064
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 16, 1974
    Last Structure Change Effective Date: July 08, 2000
    Last Structure Change Process Date: September 26, 2000
    Last Data Update: September 26, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 2002 Oak Street, Myrtle Beach, SC 29577
    County: Horry
    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): Myrtle Beach, SC (#5330)
    Combined Statistical Area (CSA): Myrtle Beach-Conway-Georgetown, SC (#396)
    Core Based Statistical Area (CBSA): Myrtle Beach-North Myrtle Beach-Conway, SC (#34820)
    CBSA Metro Statistical Area: Myrtle Beach-North Myrtle Beach-Conway, SC (#34820)
  • Financial Summary
  • Total assets: $1,221.8 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, 1999)

  • Dollar figures in thousands
  • 498Total employees (full-time equivalent)
  • $1,200,742Total assets
  • $35,994Cash and due from depository institutions
  • $152Interest-bearing balances
  • $255,814Securities
  • $2,700Federal funds sold & reverse repurchase agreements
  • $852,548Net loans & leases
  • $9,924Loan loss allowance
  • $0Trading account assets
  • $26,969Bank premises and fixed assets
  • $347Other real estate owned
  • $502Goodwill and other intangibles
  • $0Life insurance assets
  • $25,868All other assets
  • $1,200,742Total liabilities and capital
  • $1,112,238Total liabilities
  • $966,787Total deposits
  • $802,094Interest-bearing deposits
  • $966,787Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $43,629Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $87,812Other borrowed funds
  • $4,500Subordinated debt
  • $9,510All other liabilities
  • $88,504Total equity capital
  • $88,504Total bank equity capital
  • $88,504Perpetual preferred stock
  • $0Common stock
  • $2,995Surplus
  • $58,308Undivided profits
  • Memoranda
  • $27,201Noncurrent loans and leases
  • $243,787Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,762Earning assets
  • $617Long-term assets (5+ years)
  • $6,446Average Assets, year-to-date
  • $1,111,214Average Assets, quarterly
  • $288,202Volatile liabilities
  • $1,200,927Insider loans
  • $1,212,183FHLB advances
  • $130,188Loans and leases held for sale
  • $16,062Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $275Total risk weighted assets
  • $243,787Total unused commitments
  • $0Restructured Loans and leases
  • $14,424Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $92,199Total interest income
  • $38,844Total interest expense
  • $53,355Net interest income
  • $2,427Provision for loan and lease losses
  • $11,710Total noninterest income
  • $2,222Fiduciary activities
  • $4,473Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,015Additional noninterest income
  • $40,512Total noninterest expense
  • $22,792Salaries and employee benefits
  • $5,743Premises and equipment expense
  • $11,977Additional noninterest expense
  • $22,126Pre-tax net operating income
  • $82Securities gains (losses)
  • $7,809Applicable income taxes
  • $14,399Income before extraordinary items
  • $0Extraordinary gains - net
  • $14,399Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,049Sale, conversion, retirement of capital stock, net
  • $4,090Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.32%Yield on earning assets
  • 3.51%Cost of funding earning assets
  • 4.82%Net interest margin
  • 1.06%Noninterest income to earning assets
  • 3.66%Noninterest expense to earning assets
  • 1.19%Net operating income to assets
  • 1.20%Return on assets (ROA)
  • 1.85%Pretax return on assets
  • 16.37%Return on equity (ROE)
  • 11.72%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 118.45%Credit loss provision to net charge-offs
  • 11.98%Efficiency ratio
  • 61,903Assets per employee
  • 2.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 28.40%Loss allowance to loans
  • 1.15%Loss allowance to noncurrent loans
  • 359.30%Noncurrent assets plus other real estate owned to assets
  • 0.26%Noncurrent loans to loans
  • 0.32%Net loans and leases to deposits
  • 88.18%Net loans and leases to core deposits
  • 96.57%Equity capital to assets
  • 7.37%Core capital (leverage) ratio
  • 7.70%Tier 1 risk-based capital ratio
  • 10.29%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,200,927Average earning assets
  • $87,978Average equity
  • $1,107,665Average loans

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