FDIC Certificate #: 14725 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Palmetto State Bank (#17563) Federal Reserve ID: 702229 Date Established: January 01, 1934 WWW:http://www.the-exchange-bank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 9211 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: September 01, 1934 Last Structure Change Effective Date: Febuary 17, 2007 Last Structure Change Process Date: March 07, 2007 Last Data Update: March 07, 2007 Data Source Date: April 05, 2012
Location
Address: 106 East 3rd Street, Estill, SC 29918 County: Hampton 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: $58.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
12Total employees (full-time equivalent)
$58,618Total assets
$2,213Cash and due from depository institutions
$0Interest-bearing balances
$33,149Securities
$1,417Federal funds sold & reverse repurchase agreements
$19,759Net loans & leases
$413Loan loss allowance
$0Trading account assets
$51Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$892Life insurance assets
$2,029All other assets
$58,618Total liabilities and capital
$50,229Total liabilities
$49,348Total deposits
$39,103Interest-bearing deposits
$49,348Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$881All other liabilities
$8,389Total equity capital
$8,389Total bank equity capital
$8,389Perpetual preferred stock
$0Common stock
$500Surplus
$4,500Undivided profits
Memoranda
$3,389Noncurrent loans and leases
$3,823Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$17Earning assets
$0Long-term assets (5+ years)
$596Average Assets, year-to-date
$54,325Average Assets, quarterly
$1,846Volatile liabilities
$57,189Insider loans
$57,810FHLB advances
$10,910Loans and leases held for sale
$560Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,823Total unused commitments
$0Restructured Loans and leases
$377Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$3,049Total interest income
$1,024Total interest expense
$2,025Net interest income
$23Provision for loan and lease losses
$400Total noninterest income
$0Fiduciary activities
$330Service charges on deposit accounts
$0Trading account gains & fees
$70Additional noninterest income
$1,504Total noninterest expense
$981Salaries and employee benefits
$98Premises and equipment expense
$425Additional noninterest expense
$898Pre-tax net operating income
$0Securities gains (losses)
$267Applicable income taxes
$631Income before extraordinary items
$0Extraordinary gains - net
$631Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$9Sale, conversion, retirement of capital stock, net
$250Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.79%Yield on earning assets
1.94%Cost of funding earning assets
3.84%Net interest margin
0.76%Noninterest income to earning assets
2.86%Noninterest expense to earning assets
1.10%Net operating income to assets
1.10%Return on assets (ROA)
1.57%Pretax return on assets
7.75%Return on equity (ROE)
4.68%Retained earnings to average equity (YTD only)
-0.04%Net charge-offs to loans
-255.56%Credit loss provision to net charge-offs
0.00%Efficiency ratio
62,021Assets per employee
4.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
39.62%Loss allowance to loans
2.05%Loss allowance to noncurrent loans
2429.41%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.08%Net loans and leases to deposits
40.04%Net loans and leases to core deposits
51.40%Equity capital to assets
14.31%Core capital (leverage) ratio
14.57%Tier 1 risk-based capital ratio
28.34%Total risk-based capital ratio
Memoranda
$30Average assets
$57,189Average earning assets
$8,142Average equity
$52,677Average loans
Total Fiduciary and Related Assets (December 31, 2006)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$3,393Managed Assets
1Number of Accounts
$3,393Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$3,393Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
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