The Exchange Bank of South Carolina, Inc. in Kingstree, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 22, 2011

The Exchange Bank of South Carolina, Inc. in Kingstree, South Carolina (SC)
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The Exchange Bank of South Carolina, Inc. routing number info

The Exchange Bank of South Carolina, Inc. - Overview

General
FDIC Certificate #: 15077
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Citizens Bank and Trust Company, Inc. (#15504)
Federal Reserve ID: 965220
Date Established: July 23, 1932
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 9455
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: April 01, 1935
Last Structure Change Effective Date: July 22, 2011
Last Structure Change Process Date: August 24, 2011
Last Data Update: August 24, 2011
Data Source Date: April 05, 2012
Location
Address: 130 West Main Street, Kingstree, SC 29556
County: Williamsburg
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: $126.0 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, 2010)

Dollar figures in thousands
36Total employees (full-time equivalent)
$126,944Total assets
$22,999Cash and due from depository institutions
$19,575Interest-bearing balances
$28,957Securities
$0Federal funds sold & reverse repurchase agreements
$68,492Net loans & leases
$1,156Loan loss allowance
$0Trading account assets
$1,441Bank premises and fixed assets
$343Other real estate owned
$3,388Goodwill and other intangibles
$0Life insurance assets
$1,324All other assets
$126,944Total liabilities and capital
$104,056Total liabilities
$97,521Total deposits
$70,667Interest-bearing deposits
$97,521Deposits held in domestic offices
88.01%% insured (estimated)
$4,868Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,667All other liabilities
$22,888Total equity capital
$22,888Total bank equity capital
$22,888Perpetual preferred stock
$0Common stock
$750Surplus
$14,536Undivided profits
Memoranda
$7,602Noncurrent loans and leases
$4,563Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,123Earning assets
$0Long-term assets (5+ years)
$544Average Assets, year-to-date
$117,024Average Assets, quarterly
$2,024Volatile liabilities
$123,569Insider loans
$124,723FHLB advances
$15,868Loans and leases held for sale
$765Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,563Total unused commitments
$866Restructured Loans and leases
$794Derivatives

Income and Expense (December 31, 2010)

Dollar figures in thousands
$4,999Total interest income
$867Total interest expense
$4,132Net interest income
$194Provision for loan and lease losses
$1,358Total noninterest income
$0Fiduciary activities
$1,134Service charges on deposit accounts
$0Trading account gains & fees
$224Additional noninterest income
$3,971Total noninterest expense
$2,013Salaries and employee benefits
$292Premises and equipment expense
$1,666Additional noninterest expense
$1,325Pre-tax net operating income
$0Securities gains (losses)
$464Applicable income taxes
$861Income before extraordinary items
$0Extraordinary gains - net
$861Net income attributable to bank
$0Net charge-offs
$861Cash dividends
$167Sale, conversion, retirement of capital stock, net
$800Net operating income

Performance and Condition Ratios (December 31, 2010)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.42%Yield on earning assets
0.77%Cost of funding earning assets
3.65%Net interest margin
1.20%Noninterest income to earning assets
3.51%Noninterest expense to earning assets
0.70%Net operating income to assets
0.70%Return on assets (ROA)
1.07%Pretax return on assets
3.76%Return on equity (ROE)
0.27%Retained earnings to average equity (YTD only)
0.23%Net charge-offs to loans
116.17%Credit loss provision to net charge-offs
9.10%Efficiency ratio
68,179Assets per employee
3.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
92.92%Loss allowance to loans
1.66%Loss allowance to noncurrent loans
102.94%Noncurrent assets plus other real estate owned to assets
1.15%Noncurrent loans to loans
1.61%Net loans and leases to deposits
70.23%Net loans and leases to core deposits
79.16%Equity capital to assets
18.03%Core capital (leverage) ratio
16.76%Tier 1 risk-based capital ratio
32.31%Total risk-based capital ratio
Memoranda
$34Average assets
$123,569Average earning assets
$22,879Average equity
$113,070Average loans

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