Anderson State Bank, Inc. in Hemingway, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 16, 2000

  • Anderson State Bank, Inc. in Hemingway, South Carolina (SC)
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Anderson State Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 16782
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Anderson Brothers Bank (#9923)
    Federal Reserve ID: 279927
    Date Established: January 02, 1935
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 16139
    FDIC's unique #: 10893
    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: April 07, 1949
    Last Structure Change Effective Date: June 16, 2000
    Last Structure Change Process Date: July 25, 2000
    Last Data Update: July 25, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Hemingway, SC 29554
    County: Williamsburg
    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
  • Financial Summary
  • Total assets: $84.9 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
  • 46Total employees (full-time equivalent)
  • $80,660Total assets
  • $5,208Cash and due from depository institutions
  • $0Interest-bearing balances
  • $27,162Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $45,362Net loans & leases
  • $525Loan loss allowance
  • $0Trading account assets
  • $1,979Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $949All other assets
  • $80,660Total liabilities and capital
  • $73,626Total liabilities
  • $73,302Total deposits
  • $60,971Interest-bearing deposits
  • $73,302Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $324All other liabilities
  • $7,034Total equity capital
  • $7,034Total bank equity capital
  • $7,034Perpetual preferred stock
  • $0Common stock
  • $1,500Surplus
  • $3,500Undivided profits
  • Memoranda
  • $2,034Noncurrent loans and leases
  • $5,259Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $619Earning assets
  • $0Long-term assets (5+ years)
  • $418Average Assets, year-to-date
  • $72,524Average Assets, quarterly
  • $13,595Volatile liabilities
  • $79,375Insider loans
  • $80,990FHLB advances
  • $10,919Loans and leases held for sale
  • $1,325Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,259Total unused commitments
  • $0Restructured Loans and leases
  • $525Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $5,601Total interest income
  • $2,287Total interest expense
  • $3,314Net interest income
  • $136Provision for loan and lease losses
  • $546Total noninterest income
  • $0Fiduciary activities
  • $416Service charges on deposit accounts
  • $0Trading account gains & fees
  • $130Additional noninterest income
  • $2,752Total noninterest expense
  • $1,653Salaries and employee benefits
  • $525Premises and equipment expense
  • $574Additional noninterest expense
  • $972Pre-tax net operating income
  • $9Securities gains (losses)
  • $299Applicable income taxes
  • $682Income before extraordinary items
  • $0Extraordinary gains - net
  • $682Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $136Sale, conversion, retirement of capital stock, net
  • $560Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.82%Yield on earning assets
  • 3.19%Cost of funding earning assets
  • 4.62%Net interest margin
  • 0.76%Noninterest income to earning assets
  • 3.84%Noninterest expense to earning assets
  • 0.85%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 1.24%Pretax return on assets
  • 9.26%Return on equity (ROE)
  • 1.66%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 8.15%Efficiency ratio
  • 71,295Assets per employee
  • 1.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 82.11%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 84.81%Noncurrent assets plus other real estate owned to assets
  • 0.77%Noncurrent loans to loans
  • 1.35%Net loans and leases to deposits
  • 61.88%Net loans and leases to core deposits
  • 72.72%Equity capital to assets
  • 8.72%Core capital (leverage) ratio
  • 9.25%Tier 1 risk-based capital ratio
  • 14.16%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $79,375Average earning assets
  • $7,365Average equity
  • $71,660Average loans

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