American Federal Bank, FSB in Greenville, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 17, 2000

  • American Federal Bank, FSB in Greenville, South Carolina (SC)
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American Federal Bank, FSB - Overview

  • General
  • FDIC Certificate #: 28574
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Central Carolina Bank and Trust Company (#2033)
    Federal Reserve ID: 424071
    Date Established: January 01, 1921
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1872
    FDIC's unique #: 41408
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: September 15, 1936
    Last Structure Change Effective Date: June 17, 2000
    Last Structure Change Process Date: August 15, 2000
    Last Data Update: August 15, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 East Mcbee Avenue, Greenville, SC 29601
    County: Greenville
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Columbia Sc
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Greenville-Spartanburg-Anderson, SC (#3160)
    Combined Statistical Area (CSA): Greenville-Spartanburg-Anderson, SC (#273)
    Core Based Statistical Area (CBSA): Greenville-Mauldin-Easley, SC (#24860)
    CBSA Metro Statistical Area: Greenville-Mauldin-Easley, SC (#24860)
  • Financial Summary
  • Total assets: $1,279.4 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, 1999)

  • Dollar figures in thousands
  • 421Total employees (full-time equivalent)
  • $1,248,124Total assets
  • $63,084Cash and due from depository institutions
  • $5,484Interest-bearing balances
  • $287,402Securities
  • $66,492Federal funds sold & reverse repurchase agreements
  • $781,384Net loans & leases
  • $11,222Loan loss allowance
  • $0Trading account assets
  • $19,947Bank premises and fixed assets
  • $588Other real estate owned
  • $6,013Goodwill and other intangibles
  • $0Life insurance assets
  • $23,214All other assets
  • $1,248,124Total liabilities and capital
  • $1,129,796Total liabilities
  • $991,396Total deposits
  • $896,069Interest-bearing deposits
  • $991,396Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $25,998Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $97,597Other borrowed funds
  • $0Subordinated debt
  • $14,805All other liabilities
  • $118,328Total equity capital
  • $118,328Total bank equity capital
  • $118,328Perpetual preferred stock
  • $0Common stock
  • $11,085Surplus
  • $54,790Undivided profits
  • Memoranda
  • $52,453Noncurrent loans and leases
  • $130,290Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $6,654Earning assets
  • $0Long-term assets (5+ years)
  • $4,727Average Assets, year-to-date
  • $1,140,762Average Assets, quarterly
  • $0Volatile liabilities
  • $1,253,851Insider loans
  • $1,255,195FHLB advances
  • $254,101Loans and leases held for sale
  • $0Unused loan commitments
  • $50,601Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $130,290Total unused commitments
  • $0Restructured Loans and leases
  • $10,177Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $93,305Total interest income
  • $39,123Total interest expense
  • $54,182Net interest income
  • $2,291Provision for loan and lease losses
  • $25,721Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $25,721Additional noninterest income
  • $38,616Total noninterest expense
  • $19,687Salaries and employee benefits
  • $6,871Premises and equipment expense
  • $12,058Additional noninterest expense
  • $38,996Pre-tax net operating income
  • $734Securities gains (losses)
  • $13,732Applicable income taxes
  • $25,998Income before extraordinary items
  • $0Extraordinary gains - net
  • $25,998Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,908Sale, conversion, retirement of capital stock, net
  • $17,900Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.08%Yield on earning assets
  • 3.39%Cost of funding earning assets
  • 4.69%Net interest margin
  • 2.23%Noninterest income to earning assets
  • 3.35%Noninterest expense to earning assets
  • 2.04%Net operating income to assets
  • 2.07%Return on assets (ROA)
  • 3.17%Pretax return on assets
  • 21.79%Return on equity (ROE)
  • 6.79%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 78.78%Credit loss provision to net charge-offs
  • 14.20%Efficiency ratio
  • 47,606Assets per employee
  • 2.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.85%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 168.65%Noncurrent assets plus other real estate owned to assets
  • 0.58%Noncurrent loans to loans
  • 0.84%Net loans and leases to deposits
  • 78.82%Net loans and leases to core deposits
  • 90.76%Equity capital to assets
  • 9.48%Core capital (leverage) ratio
  • 9.16%Tier 1 risk-based capital ratio
  • 14.27%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $1,253,851Average earning assets
  • $119,292Average equity
  • $1,154,313Average loans

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