FDIC Certificate #: 27133 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Anchor Bank (#21758) Federal Reserve ID: 1161935 Date Established: December 18, 1987 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 38846 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: December 18, 1987 Last Structure Change Effective Date: October 09, 1999 Last Structure Change Process Date: December 15, 1999 Last Data Update: December 15, 1999 Data Source Date: April 05, 2012
Location
Address: 200 North Main Street, Saluda, SC 29138 County: Saluda 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 Combined Statistical Area (CSA): Columbia-Newberry, SC (#192) Core Based Statistical Area (CBSA): Columbia, SC (#17900) CBSA Metro Statistical Area: Columbia, SC (#17900)
Financial Summary
Total assets: $42.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
13Total employees (full-time equivalent)
$41,259Total assets
$1,217Cash and due from depository institutions
$0Interest-bearing balances
$8,167Securities
$1,475Federal funds sold & reverse repurchase agreements
$29,187Net loans & leases
$433Loan loss allowance
$0Trading account assets
$683Bank premises and fixed assets
$34Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$496All other assets
$41,259Total liabilities and capital
$37,768Total liabilities
$37,370Total deposits
$35,807Interest-bearing deposits
$37,370Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$398All other liabilities
$3,491Total equity capital
$3,491Total bank equity capital
$3,491Perpetual preferred stock
$0Common stock
$802Surplus
$1,309Undivided profits
Memoranda
$1,380Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$354Earning assets
$0Long-term assets (5+ years)
$359Average Assets, year-to-date
$38,829Average Assets, quarterly
$2,891Volatile liabilities
$39,283Insider loans
$41,018FHLB advances
$5,052Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,233Total unused commitments
$0Restructured Loans and leases
$30,510Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$3,215Total interest income
$1,575Total interest expense
$1,640Net interest income
$60Provision for loan and lease losses
$258Total noninterest income
$0Fiduciary activities
$126Service charges on deposit accounts
$0Trading account gains & fees
$132Additional noninterest income
$913Total noninterest expense
$347Salaries and employee benefits
$133Premises and equipment expense
$433Additional noninterest expense
$925Pre-tax net operating income
$21Securities gains (losses)
$327Applicable income taxes
$619Income before extraordinary items
$0Extraordinary gains - net
$619Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$38Sale, conversion, retirement of capital stock, net
$360Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.72%Yield on earning assets
4.27%Cost of funding earning assets
4.45%Net interest margin
0.70%Noninterest income to earning assets
2.48%Noninterest expense to earning assets
1.54%Net operating income to assets
1.58%Return on assets (ROA)
2.41%Pretax return on assets
18.57%Return on equity (ROE)
7.77%Retained earnings to average equity (YTD only)
-0.13%Net charge-offs to loans
-157.89%Credit loss provision to net charge-offs
0.00%Efficiency ratio
48,103Assets per employee
3.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
58.16%Loss allowance to loans
1.46%Loss allowance to noncurrent loans
122.32%Noncurrent assets plus other real estate owned to assets
0.94%Noncurrent loans to loans
1.20%Net loans and leases to deposits
78.10%Net loans and leases to core deposits
90.31%Equity capital to assets
8.46%Core capital (leverage) ratio
8.34%Tier 1 risk-based capital ratio
11.31%Total risk-based capital ratio
Memoranda
$13Average assets
$39,283Average earning assets
$3,333Average equity
$36,881Average loans
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