The Bank of Abbeville in Abbeville, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 05, 2004

The Bank of Abbeville in Abbeville, South Carolina (SC)
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The Bank of Abbeville - Overview

General
FDIC Certificate #: 26964
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: CapitalBank (#27426)
Federal Reserve ID: 213921
Date Established: May 14, 1987
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 12965
FDIC's unique #: 36378
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: May 14, 1987
Last Structure Change Effective Date: March 05, 2004
Last Structure Change Process Date: April 12, 2004
Last Data Update: April 12, 2004
Data Source Date: April 05, 2012
Location
Address: 205 South Main Street, Abbeville, SC 29620
County: Abbeville
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
Financial Summary
Total assets: $70.4 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, 2003)

Dollar figures in thousands
22Total employees (full-time equivalent)
$70,370Total assets
$2,040Cash and due from depository institutions
$125Interest-bearing balances
$17,661Securities
$8,781Federal funds sold & reverse repurchase agreements
$38,326Net loans & leases
$427Loan loss allowance
$0Trading account assets
$1,035Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,527All other assets
$70,370Total liabilities and capital
$62,881Total liabilities
$52,318Total deposits
$47,556Interest-bearing deposits
$52,318Deposits held in domestic offices
0.00%% insured (estimated)
$7,292Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,000Other borrowed funds
$0Subordinated debt
$271All other liabilities
$7,489Total equity capital
$7,489Total bank equity capital
$7,489Perpetual preferred stock
$0Common stock
$1,244Surplus
$2,121Undivided profits
Memoranda
$4,124Noncurrent loans and leases
$2,739Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3Earning assets
$0Long-term assets (5+ years)
$434Average Assets, year-to-date
$64,893Average Assets, quarterly
$15,241Volatile liabilities
$68,982Insider loans
$70,083FHLB advances
$17,209Loans and leases held for sale
$1,255Unused loan commitments
$3,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,739Total unused commitments
$0Restructured Loans and leases
$427Derivatives

Income and Expense (December 31, 2003)

Dollar figures in thousands
$3,746Total interest income
$1,229Total interest expense
$2,517Net interest income
$70Provision for loan and lease losses
$752Total noninterest income
$0Fiduciary activities
$591Service charges on deposit accounts
$0Trading account gains & fees
$161Additional noninterest income
$2,011Total noninterest expense
$969Salaries and employee benefits
$322Premises and equipment expense
$720Additional noninterest expense
$1,188Pre-tax net operating income
$21Securities gains (losses)
$228Applicable income taxes
$981Income before extraordinary items
$0Extraordinary gains - net
$981Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$30Sale, conversion, retirement of capital stock, net
$535Net operating income

Performance and Condition Ratios (December 31, 2003)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.85%Yield on earning assets
1.92%Cost of funding earning assets
3.93%Net interest margin
1.17%Noninterest income to earning assets
3.14%Noninterest expense to earning assets
1.40%Net operating income to assets
1.42%Return on assets (ROA)
1.75%Pretax return on assets
13.43%Return on equity (ROE)
6.11%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
233.33%Credit loss provision to net charge-offs
41.93%Efficiency ratio
61,517Assets per employee
3.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
54.54%Loss allowance to loans
1.10%Loss allowance to noncurrent loans
14233.33%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.01%Net loans and leases to deposits
73.26%Net loans and leases to core deposits
84.42%Equity capital to assets
10.64%Core capital (leverage) ratio
10.63%Tier 1 risk-based capital ratio
16.49%Total risk-based capital ratio
Memoranda
$17Average assets
$68,982Average earning assets
$7,304Average equity
$64,020Average loans

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