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


  • The Bank of South Carolina in Charleston, South Carolina (SC)
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The Bank of South Carolina routing number info

The Bank of South Carolina - Overview

  • General
  • FDIC Certificate #: 26912
    Status: Active
    Federal Reserve ID: 246022
    Bank Holding Company (Regulatory Top Holder): Bank Of South Carolina Corporation (RSSDID: 2297701, Location: Charleston, SC)
    Date Established: Febuary 26, 1987
    WWW: http://www.banksc.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 36296
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 26, 1987
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 256 Meeting 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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $334.3 mil
    Equity capital: $31.8 mil
    Deposits held in domestic offices: $301.7 mil
    Return on assets (ROA): 1.05% ($3.5 mil)
    Quarterly return on assets: 0.98% ($3.3 mil)
    Return on Equity (ROE): 11.05% ($3.5 mil)
    Quarterly return on equity: 11.01% ($3.5 mil)
    Net income: $3.3 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.49% ($4,981.1 mil)
    Quarterly Pretax return on assets: 1.38% ($4,613.3 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, 2011)

  • Dollar figures in thousands
  • 76Total employees (full-time equivalent)
  • $334,300Total assets
  • $52,063Cash and due from depository institutions
  • $47,504Interest-bearing balances
  • $59,552Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $218,181Net loans & leases
  • $3,107Loan loss allowance
  • $0Trading account assets
  • $2,538Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $334,300Life insurance assets
  • $1,966All other assets
  • $302,502Total liabilities and capital
  • $301,670Total liabilities
  • $231,451Total deposits
  • $301,670Interest-bearing deposits
  • $69Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $832Subordinated debt
  • $31,798All other liabilities
  • $31,798Total equity capital
  • $31,798Total bank equity capital
  • $0Perpetual preferred stock
  • $5,300Common stock
  • $6,700Surplus
  • $19,798Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $7,579Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,206Income earned, not collected on loans
  • $4Earning assets
  • $1,142Long-term assets (5+ years)
  • $325,237Average Assets, year-to-date
  • $29,901Average Assets, quarterly
  • $317,287Volatile liabilities
  • $353,949Insider loans
  • $245,025FHLB advances
  • $334,505Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $29,784Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $47,630Restructured Loans and leases
  • $12,070Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,849Total interest income
  • $778Total interest expense
  • $12,071Net interest income
  • $480Provision for loan and lease losses
  • $1,844Total noninterest income
  • $0Fiduciary activities
  • $591Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,253Additional noninterest income
  • $8,846Total noninterest expense
  • $5,181Salaries and employee benefits
  • $1,302Premises and equipment expense
  • $2,363Additional noninterest expense
  • $4,589Pre-tax net operating income
  • $125Securities gains (losses)
  • $1,386Applicable income taxes
  • $3,328Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,328Net income attributable to bank
  • $0Net charge-offs
  • $3,328Cash dividends
  • $312Sale, conversion, retirement of capital stock, net
  • $1,790Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.19%Yield on earning assets
  • 0.25%Cost of funding earning assets
  • 3.94%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 2.88%Noninterest expense to earning assets
  • 1.02%Net operating income to assets
  • 1.05%Return on assets (ROA)
  • 1.49%Pretax return on assets
  • 11.05%Return on equity (ROE)
  • 5.11%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 153.85%Credit loss provision to net charge-offs
  • 16.25%Efficiency ratio
  • 63,572Assets per employee
  • 4.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.79%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 257.63%Noncurrent assets plus other real estate owned to assets
  • 0.36%Noncurrent loans to loans
  • 0.54%Net loans and leases to deposits
  • 72.32%Net loans and leases to core deposits
  • 78.72%Equity capital to assets
  • 9.51%Core capital (leverage) ratio
  • 8.90%Tier 1 risk-based capital ratio
  • 12.16%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $317,287Average earning assets
  • $30,125Average equity
  • $306,700Average loans

List of branches

  • 4 South Carolina Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    036296The Bank Of South Carolina256 Meeting Street, Charleston, SC 29401Febuary 26, 1987Full Service Brick and Mortar
    1260471Summerville Branch100 North Main Street, Summerville, SC 29483October 12, 1993Full Service Brick and Mortar
    2260472Mt Pleasant Branch1337 Chuck Dawley Boulevard, Mount Pleasant, SC 29464May 28, 1996Full Service Brick and Mortar
    3260473West Ashey Office Branch2027 San Rittenberg Boulevard, Charleston, SC 29407March 12, 1998Full Service Brick and Mortar

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