Anderson Brothers Bank in Mullins, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

Anderson Brothers Bank - Overview

  • General
  • FDIC Certificate #: 9923
    Status: Active
    Federal Reserve ID: 6329
    Bank Holding Company (Regulatory Top Holder): Anderson Bancshares, Inc. (RSSDID: 1138197, Location: Mullins, SC)
    Date Established: January 01, 1933
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 19 (Domestic: 19, Interstate: No)
    OTS Docket #: 13430
    FDIC's unique #: 6346
    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: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    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: 101 North Main Street, Mullins, SC 29574
    County: Marion
    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: $428.5 mil
    Equity capital: $32.5 mil
    Deposits held in domestic offices: $394.3 mil
    Return on assets (ROA): -0.54% (-$2.3 mil)
    Quarterly return on assets: -0.17% (-$0.7 mil)
    Return on Equity (ROE): -7.34% (-$2.4 mil)
    Quarterly return on equity: -2.35% (-$0.8 mil)
    Net income: -$2.5 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -0.97% (-$4,156.4 mil)
    Quarterly Pretax return on assets: -0.77% (-$3,299.4 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
  • 185Total employees (full-time equivalent)
  • $428,492Total assets
  • $34,984Cash and due from depository institutions
  • $16,236Interest-bearing balances
  • $33,142Securities
  • $2,489Federal funds sold & reverse repurchase agreements
  • $316,166Net loans & leases
  • $7,346Loan loss allowance
  • $0Trading account assets
  • $15,552Bank premises and fixed assets
  • $10,479Other real estate owned
  • $0Goodwill and other intangibles
  • $428,492Life insurance assets
  • $15,680All other assets
  • $395,991Total liabilities and capital
  • $394,304Total liabilities
  • $284,634Total deposits
  • $394,304Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,687Subordinated debt
  • $32,501All other liabilities
  • $32,501Total equity capital
  • $32,501Total bank equity capital
  • $0Perpetual preferred stock
  • $2,600Common stock
  • $20,000Surplus
  • $9,901Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $29,500Income earned, not collected on loans
  • $0Earning assets
  • $2,492Long-term assets (5+ years)
  • $368,033Average Assets, year-to-date
  • $36,950Average Assets, quarterly
  • $456,940Volatile liabilities
  • $439,198Insider loans
  • $337,375FHLB advances
  • $434,222Loans and leases held for sale
  • $4,709Unused loan commitments
  • $2,180Tier 1 (core) risk-based capital
  • $30,653Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,529Total unused commitments
  • $25,027Restructured Loans and leases
  • $551Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $30,874Total interest income
  • $4,422Total interest expense
  • $26,452Net interest income
  • $16,838Provision for loan and lease losses
  • $6,112Total noninterest income
  • $0Fiduciary activities
  • $3,187Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,925Additional noninterest income
  • $20,715Total noninterest expense
  • $8,522Salaries and employee benefits
  • $3,513Premises and equipment expense
  • $8,680Additional noninterest expense
  • -$4,989Pre-tax net operating income
  • $552Securities gains (losses)
  • -$1,985Applicable income taxes
  • -$2,452Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,452Net income attributable to bank
  • $0Net charge-offs
  • -$2,452Cash dividends
  • $19,615Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.72%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 6.61%Net interest margin
  • 1.53%Noninterest income to earning assets
  • 5.18%Noninterest expense to earning assets
  • -0.61%Net operating income to assets
  • -0.54%Return on assets (ROA)
  • -0.97%Pretax return on assets
  • -7.34%Return on equity (ROE)
  • -7.34%Retained earnings to average equity (YTD only)
  • 5.68%Net charge-offs to loans
  • 85.84%Credit loss provision to net charge-offs
  • 0.60%Efficiency ratio
  • 63,613Assets per employee
  • 2.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.27%Loss allowance to noncurrent loans
  • 24.90%Noncurrent assets plus other real estate owned to assets
  • 9.33%Noncurrent loans to loans
  • 9.12%Net loans and leases to deposits
  • 80.18%Net loans and leases to core deposits
  • 91.70%Equity capital to assets
  • 7.58%Core capital (leverage) ratio
  • 7.06%Tier 1 risk-based capital ratio
  • 9.09%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $456,940Average earning assets
  • $33,425Average equity
  • $400,014Average loans

Total Fiduciary and Related Assets (December 31, 2004)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $6,621Managed Assets
  • 1Number of Accounts
  • $6,577Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $6,577Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 2Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $44Other retirement accounts
  • $44Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 19 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06346Anderson Brothers Bank101 North Main Street, Mullins, SC 29574January 01, 1933Full Service Brick and Mortar
    1221575Aynor BranchEighth Avenue, Aynor, SC 29511August 05, 1961Full Service Brick and Mortar
    3221577Mcintyre Branch232 West Mcintyre St, Mullins, SC 29574June 06, 1966Full Service Brick and Mortar
    4221578North Myrtle Beach Branch1799 Highway 17 North, North Myrtle Beach, SC 29597July 10, 1989Full Service Brick and Mortar
    5221579Consumer Banking Center Branch102 North Main Street, Mullins, SC 29574August 05, 1996Full Service Brick and Mortar
    6221580Marion Branch2500 East Hwy 76, Marion, SC 29571November 30, 1998Full Service Brick and Mortar
    710893Hemingway Main Branch201 South Main Street, Hemingway, SC 29554January 02, 1935Full Service Brick and Mortar
    8238810Broad Street BranchBroad And Mcalister Streets, Hemingway, SC 29554December 10, 1971Limited Service Facility
    9238811Johnsonville BranchGeorgetown Road And Pine Street, Johnsonville, SC 29555May 19, 1980Full Service Brick and Mortar
    10238812Kingstree Branch500 East Main Street, Kingstree, SC 29556November 12, 1997Full Service Brick and Mortar
    11357098Loris Branch4230 East Main Street, Loris, SC 29569September 07, 1999Full Service Brick and Mortar
    13420248Florence Branch501 W Second Loop Road, Florence, SC 29501June 30, 2003Full Service Brick and Mortar
    14420249Conway Branch500 Main Street, Conway, SC 29528June 30, 2003Full Service Brick and Mortar
    16441860Marion Main Street Branch728 North Main St., Marion, SC 29571April 01, 2005Full Service Brick and Mortar
    17451162Conway Branch2651 Church Street, Conway, SC 29526January 23, 2006Full Service Brick and Mortar
    18451163Georgetown Branch706 North Fraser Street, Georgetown, SC 29440March 21, 2006Full Service Brick and Mortar
    19465464Loris 701 Branch302 Highway 701 North, Loris, SC 29569Febuary 20, 2007Full Service Brick and Mortar
    20474020Florence Cashua Street Branch2985 South Cashua Street, Florence, SC 29501August 21, 2007Full Service Brick and Mortar
    22493356Longs Branch71 Cloverleaf Drive, Longs, SC 29568April 01, 2009Full Service Brick and Mortar

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