Bank of Ridgeway in Ridgeway, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 2006

  • Bank of Ridgeway in Ridgeway, South Carolina (SC)
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Bank of Ridgeway - Overview

  • General
  • FDIC Certificate #: 9160
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community Resource Bank, National Association (#27116)
    Federal Reserve ID: 93329
    Date Established: December 13, 1898
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 5862
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 01, 2006
    Last Structure Change Process Date: October 18, 2006
    Last Data Update: October 18, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Ridgeway, SC 29130
    County: Fairfield
    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): Columbia-Newberry, SC (#192)
    Core Based Statistical Area (CBSA): Columbia, SC (#17900)
    CBSA Metro Statistical Area: Columbia, SC (#17900)
  • Financial Summary
  • Total assets: $111.0 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, 2005)

  • Dollar figures in thousands
  • 31Total employees (full-time equivalent)
  • $100,303Total assets
  • $2,300Cash and due from depository institutions
  • $271Interest-bearing balances
  • $20,615Securities
  • $6,594Federal funds sold & reverse repurchase agreements
  • $62,325Net loans & leases
  • $950Loan loss allowance
  • $0Trading account assets
  • $1,023Bank premises and fixed assets
  • $0Other real estate owned
  • $6,237Goodwill and other intangibles
  • $0Life insurance assets
  • $1,209All other assets
  • $100,303Total liabilities and capital
  • $86,491Total liabilities
  • $83,343Total deposits
  • $69,083Interest-bearing deposits
  • $83,343Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,682Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $466All other liabilities
  • $13,812Total equity capital
  • $13,812Total bank equity capital
  • $13,812Perpetual preferred stock
  • $0Common stock
  • $12,641Surplus
  • $0Undivided profits
  • Memoranda
  • $1,171Noncurrent loans and leases
  • $10,397Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,346Earning assets
  • $9Long-term assets (5+ years)
  • $543Average Assets, year-to-date
  • $89,805Average Assets, quarterly
  • $8,991Volatile liabilities
  • $95,389Insider loans
  • $99,365FHLB advances
  • $15,917Loans and leases held for sale
  • $225Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $566Tier 2 risk-based capital
  • $2,204Total risk weighted assets
  • $10,397Total unused commitments
  • $0Restructured Loans and leases
  • $780Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $4,972Total interest income
  • $1,365Total interest expense
  • $3,607Net interest income
  • $497Provision for loan and lease losses
  • $941Total noninterest income
  • $0Fiduciary activities
  • $706Service charges on deposit accounts
  • $0Trading account gains & fees
  • $235Additional noninterest income
  • $3,094Total noninterest expense
  • $1,387Salaries and employee benefits
  • $254Premises and equipment expense
  • $1,453Additional noninterest expense
  • $957Pre-tax net operating income
  • $1Securities gains (losses)
  • $366Applicable income taxes
  • $592Income before extraordinary items
  • $0Extraordinary gains - net
  • $592Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $35Sale, conversion, retirement of capital stock, net
  • $542Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.91%Yield on earning assets
  • 1.62%Cost of funding earning assets
  • 4.29%Net interest margin
  • 1.12%Noninterest income to earning assets
  • 3.68%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.62%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 4.25%Return on equity (ROE)
  • 0.36%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 1420.00%Credit loss provision to net charge-offs
  • 41.54%Efficiency ratio
  • 62,621Assets per employee
  • 3.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 91.55%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 40.49%Noncurrent assets plus other real estate owned to assets
  • 2.34%Noncurrent loans to loans
  • 3.71%Net loans and leases to deposits
  • 74.78%Net loans and leases to core deposits
  • 88.90%Equity capital to assets
  • 13.77%Core capital (leverage) ratio
  • 8.16%Tier 1 risk-based capital ratio
  • 12.41%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $95,389Average earning assets
  • $13,916Average equity
  • $84,120Average loans

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