Allendale County Bank in Fairfax, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Allendale County Bank in Fairfax, South Carolina (SC)
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Allendale County Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 22Total employees (full-time equivalent)
  • $54,301Total assets
  • $4,169Cash and due from depository institutions
  • $0Interest-bearing balances
  • $21,236Securities
  • $2,192Federal funds sold & reverse repurchase agreements
  • $25,040Net loans & leases
  • $601Loan loss allowance
  • $0Trading account assets
  • $360Bank premises and fixed assets
  • $58Other real estate owned
  • $0Goodwill and other intangibles
  • $54,301Life insurance assets
  • $1,246All other assets
  • $50,791Total liabilities and capital
  • $50,647Total liabilities
  • $39,531Total deposits
  • $50,647Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $144Subordinated debt
  • $3,510All other liabilities
  • $3,510Total equity capital
  • $3,510Total bank equity capital
  • $0Perpetual preferred stock
  • $2,800Common stock
  • $200Surplus
  • $510Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $285Income earned, not collected on loans
  • $0Earning assets
  • $664Long-term assets (5+ years)
  • $48,468Average Assets, year-to-date
  • $26,485Average Assets, quarterly
  • $56,612Volatile liabilities
  • $55,719Insider loans
  • $30,504FHLB advances
  • $55,691Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,327Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,786Total interest income
  • $479Total interest expense
  • $2,307Net interest income
  • $516Provision for loan and lease losses
  • $232Total noninterest income
  • $0Fiduciary activities
  • $156Service charges on deposit accounts
  • $0Trading account gains & fees
  • $76Additional noninterest income
  • $2,014Total noninterest expense
  • $942Salaries and employee benefits
  • $216Premises and equipment expense
  • $856Additional noninterest expense
  • $9Pre-tax net operating income
  • $4Securities gains (losses)
  • $0Applicable income taxes
  • $13Income before extraordinary items
  • $0Extraordinary gains - net
  • $13Net income attributable to bank
  • $0Net charge-offs
  • $13Cash dividends
  • $495Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.56%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 4.61%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 4.02%Noninterest expense to earning assets
  • 0.02%Net operating income to assets
  • 0.02%Return on assets (ROA)
  • 0.02%Pretax return on assets
  • 0.37%Return on equity (ROE)
  • 0.37%Retained earnings to average equity (YTD only)
  • 1.89%Net charge-offs to loans
  • 104.24%Credit loss provision to net charge-offs
  • 1.06%Efficiency ratio
  • 79,323Assets per employee
  • 2.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.34%Loss allowance to noncurrent loans
  • 210.88%Noncurrent assets plus other real estate owned to assets
  • 0.63%Noncurrent loans to loans
  • 1.11%Net loans and leases to deposits
  • 49.44%Net loans and leases to core deposits
  • 49.44%Equity capital to assets
  • 6.46%Core capital (leverage) ratio
  • 5.97%Tier 1 risk-based capital ratio
  • 10.91%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $56,612Average earning assets
  • $3,537Average equity
  • $50,094Average loans

List of branches

  • 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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