Arthur State Bank in Union, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

Arthur State Bank - Overview

  • General
  • FDIC Certificate #: 15085
    Status: Active
    Federal Reserve ID: 591320
    Bank Holding Company (Regulatory Top Holder): Jco Partners Ii, L.P. (RSSDID: 3136973, Location: Union, SC)
    Date Established: April 01, 1933
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 21 (Domestic: 21, Interstate: No)
    OTS Docket #: 11451
    FDIC's unique #: 9463
    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: March 13, 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: 100 East Main Street, Union, SC 29379
    County: Union
    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
    Combined Statistical Area (CSA): Greenville-Spartanburg-Anderson, SC (#273)
    Core Based Statistical Area (CBSA): Union, SC (#46420)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $565.1 mil
    Equity capital: $27.1 mil
    Deposits held in domestic offices: $483.4 mil
    Return on assets (ROA): -2.36% (-$13.3 mil)
    Quarterly return on assets: -2.11% (-$11.9 mil)
    Return on Equity (ROE): -41.40% (-$11.2 mil)
    Quarterly return on equity: -43.03% (-$11.6 mil)
    Net income: -$14.5 mil
    Quarterly Net income: -$3.1 mil
    Pretax return on assets: -1.75% (-$9,889.4 mil)
    Quarterly Pretax return on assets: -2.11% (-$11,923.8 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
  • 168Total employees (full-time equivalent)
  • $565,109Total assets
  • $76,232Cash and due from depository institutions
  • $50,802Interest-bearing balances
  • $47,019Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $383,507Net loans & leases
  • $11,927Loan loss allowance
  • $0Trading account assets
  • $21,921Bank premises and fixed assets
  • $25,260Other real estate owned
  • $670Goodwill and other intangibles
  • $565,109Life insurance assets
  • $10,500All other assets
  • $537,992Total liabilities and capital
  • $483,356Total liabilities
  • $400,018Total deposits
  • $483,356Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 8431.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $45,000Trading liabilities
  • $0Other borrowed funds
  • $1,205Subordinated debt
  • $27,117All other liabilities
  • $27,117Total equity capital
  • $27,117Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $25,600Surplus
  • $-483Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,956Income earned, not collected on loans
  • $0Earning assets
  • $1,454Long-term assets (5+ years)
  • $481,328Average Assets, year-to-date
  • $88,862Average Assets, quarterly
  • $615,446Volatile liabilities
  • $583,716Insider loans
  • $478,312FHLB advances
  • $578,402Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $27,002Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $112,738Restructured Loans and leases
  • $2,919Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $25,414Total interest income
  • $6,392Total interest expense
  • $19,022Net interest income
  • $9,800Provision for loan and lease losses
  • $4,405Total noninterest income
  • $612Fiduciary activities
  • $3,120Service charges on deposit accounts
  • $0Trading account gains & fees
  • $673Additional noninterest income
  • $24,380Total noninterest expense
  • $9,892Salaries and employee benefits
  • $4,567Premises and equipment expense
  • $9,921Additional noninterest expense
  • -$10,753Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,792Applicable income taxes
  • -$14,545Income before extraordinary items
  • $0Extraordinary gains - net
  • -$14,545Net income attributable to bank
  • $0Net charge-offs
  • -$14,545Cash dividends
  • $8,879Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.77%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 3.57%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 4.58%Noninterest expense to earning assets
  • -2.36%Net operating income to assets
  • -2.36%Return on assets (ROA)
  • -1.75%Pretax return on assets
  • -41.40%Return on equity (ROE)
  • -41.40%Retained earnings to average equity (YTD only)
  • 2.01%Net charge-offs to loans
  • 110.37%Credit loss provision to net charge-offs
  • -0.11%Efficiency ratio
  • 104,068Assets per employee
  • 3.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.02%Loss allowance to noncurrent loans
  • 74.75%Noncurrent assets plus other real estate owned to assets
  • 7.29%Noncurrent loans to loans
  • 4.04%Net loans and leases to deposits
  • 79.34%Net loans and leases to core deposits
  • 82.64%Equity capital to assets
  • 4.80%Core capital (leverage) ratio
  • 4.67%Tier 1 risk-based capital ratio
  • 5.65%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $615,446Average earning assets
  • $35,137Average equity
  • $532,501Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $107,006Managed Assets
  • 1Number of Accounts
  • $106,631Personal trust and agency accounts
  • $90,083Employee benefit-defined contribution accounts
  • $13,090Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $176Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $177Other fiduciary accounts
  • $3,105Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 576Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $375Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 20 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09463Arthur State Bank100 East Main Street, Union, SC 29379April 01, 1933Full Service Brick and Mortar
    1233176East Main BranchEast Main Street Extension, Union, SC 29379April 10, 1957Full Service Brick and Mortar
    3233178Plaza BranchU.S. Highway 176 Bypass, Union, SC 29379December 21, 1972Full Service Brick and Mortar
    4233179West Towne BranchU.S. Highway 176 By-Pass, Union County, SC 29379January 31, 1991Full Service Brick and Mortar
    5233180East Spartanburg Branch756 East Main Street, Spartanburg, SC 29302June 03, 1996Full Service Brick and Mortar
    6233181West Spartanburg Branch8770 Greenville Highway, Spartanburg, SC 29304March 08, 1999Full Service Brick and Mortar
    7366339Greenville Branch1410 N. Pleasantburg Drive, Greenville, SC 29601March 03, 2003Full Service Brick and Mortar
    86344Chesnee Branch110 Alabama Avenue, Chesnee, SC 29323August 30, 1932Full Service Brick and Mortar
    9221570Clinton Branch205 Jacobs Highway, Clinton, SC 29325October 02, 1997Full Service Brick and Mortar
    108792Woodruff Main Street BranchMain Street, Woodruff, SC 29388March 01, 1934Full Service Brick and Mortar
    11230896North Main Branch595 North Main Street, Woodruff, SC 29388October 13, 1966Limited Service Facility
    12230897221 South Branch731 Laurens Rd, Woodruff, SC 29388October 18, 1984Limited Service Facility
    13230898Roebuck Branch4285 South Church Street Extention, Roebuck, SC 29376May 23, 1996Full Service Brick and Mortar
    14423123Augusta Road Branch1925 Augusta Road, Greenville, SC 29601September 30, 2003Full Service Brick and Mortar
    15425799Rock Hill Branch201 South Herlong Avenue, Rock Hill, SC 29732Febuary 02, 2004Full Service Brick and Mortar
    18443424Columbia Beltline Branch2140 Beltline Branch, Columbia, SC 29209April 15, 2005Full Service Brick and Mortar
    19450824Sparkleberry Branch121 Sparkleberry Crossing, Columbia, SC 29229April 24, 2006Full Service Brick and Mortar
    21453122Gervais Branch1700 Gervais Street, Columbia, SC 29201March 06, 2006Full Service Brick and Mortar
    23470126Anderson Branch602 North Main Street, Anderson, SC 29621November 01, 2007Full Service Brick and Mortar
    24471482Lexington Branch5051 Sunset Boulevard, Lexington, SC 29072Febuary 12, 2008Full Service Brick and Mortar

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