Allendale County Bank in Fairfax, South Carolina (SC)

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Allendale County Bank routing number info

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Allendale County Bank
GeneralFDIC Certificate #: 15062
Status: Active
Federal Reserve ID: 704326
Date Established: June 01, 1933
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
FDIC's unique #: 9446
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: All Other Specialization < 1 Billion
Date of Deposit Insurance: March 21, 1935
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
LocationAddress: Seventh Street And Pickens, Fairfax, SC 29827
County: Allendale
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
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $54.3 mil
Equity capital: $3.5 mil
Deposits held in domestic offices: $50.6 mil
Return on assets (ROA): 0.02% ($0.0 mil)
Quarterly return on assets: -0.39% (-$0.2 mil)
Return on Equity (ROE): 0.37% ($0.0 mil)
Quarterly return on equity: -6.22% (-$0.2 mil)
Net income: $0.0 mil
Quarterly Net income: -$0.1 mil
Pretax return on assets: 0.02% ($10.9 mil)
Quarterly Pretax return on assets: -0.39% (-$211.8 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)
Total employees (full-time equivalent)22
Total assets$54,301
Cash and due from depository institutions$4,169
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$2,192
Net loans & leases$25,040
Loan loss allowance $601
Trading account assets$0
Bank premises and fixed assets$360
Other real estate owned$58
Goodwill and other intangibles$0
All other assets$1,246
Life insurance assets$54,301
Total liabilities and capital$50,791
Total liabilities$50,647
Total deposits$39,531
Interest-bearing deposits$50,647
Deposits held in domestic offices$100
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $144
All other liabilities $3,510
Total equity capital$3,510
Total bank equity capital$3,510
Perpetual preferred stock$0
Common stock$2,800
Undivided profits $510
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $285
Earning assets $0
Long-term assets (5+ years) $664
Average Assets, year-to-date $48,468
Average Assets, quarterly $26,485
Volatile liabilities $56,612
Insider loans $55,719
FHLB advances $30,504
Loans and leases held for sale $55,691
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $3,327
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,786
Total interest expense $479
Net interest income $2,307
Provision for loan and lease losses $516
Total noninterest income $232
Fiduciary activities $0
Service charges on deposit accounts $156
Trading account gains & fees $0
Additional noninterest income $76
Total noninterest expense $2,014
Salaries and employee benefits $942
Premises and equipment expense $216
Additional noninterest expense $856
Pre-tax net operating income $9
Securities gains (losses) $4
Applicable income taxes $0
Income before extraordinary items $13
Extraordinary gains - net $0
Net income attributable to bank $13
Net charge-offs $0
Cash dividends $13
Sale, conversion, retirement of capital stock, net $495
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.56%
Cost of funding earning assets 0.96%
Net interest margin 4.61%
Noninterest income to earning assets 0.46%
Noninterest expense to earning assets 4.02%
Net operating income to assets 0.02%
Return on assets (ROA) 0.02%
Pretax return on assets 0.02%
Return on equity (ROE) 0.37%
Retained earnings to average equity (YTD only) 0.37%
Net charge-offs to loans 1.89%
Credit loss provision to net charge-offs 104.24%
Efficiency ratio1.06%
Assets per employee$79,323
Cash dividends to net income (YTD only)2.47%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.34%
Noncurrent assets plus other real estate owned to assets 210.88%
Noncurrent loans to loans 0.63%
Net loans and leases to deposits1.11%
Net loans and leases to core deposits 49.44%
Equity capital to assets 49.44%
Core capital (leverage) ratio 6.46%
Tier 1 risk-based capital ratio 5.97%
Total risk-based capital ratio 10.91%
Average assets$12
Average earning assets$56,612
Average equity $3,537
Average loans $50,094
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5 South Carolina Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
09446Allendale County BankSeventh Street And Pickens, Fairfax, SC 29827June 01, 1933Full Service Brick and Mortar
1233146Allendale BranchMain And Pleasant Streets, Allendale, SC 29810August 20, 1981Full Service Brick and Mortar
2233147Drive-Up BranchU.S. Highway 278 West, Fairfax, SC 29827November 24, 1982Limited Service Facility
3233148Allendale Drive-In BranchGum Street And U. S. Highway 301, Allendale, SC 29810November 05, 1987Limited Service Facility
4422553Brunson Branch36 Railroad Ave, Brunson, SC 29911April 15, 2003Full Service Brick and Mortar
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