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

Bank of Walterboro - Overview

  • General
  • FDIC Certificate #: 27496
    Status: Active
    Federal Reserve ID: 1404481
    Bank Holding Company (Regulatory Top Holder): Communitycorp (RSSDID: 2352842, Location: Walterboro, SC)
    Date Established: May 01, 1989
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 40225
    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: May 01, 1989
    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: 1100 North Jefferies Boulevard, Walterboro, SC 29488
    County: Colleton
    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
    Core Based Statistical Area (CBSA): Walterboro, SC (#47500)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $159.6 mil
    Equity capital: $18.2 mil
    Deposits held in domestic offices: $140.9 mil
    Return on assets (ROA): 0.19% ($0.3 mil)
    Quarterly return on assets: 0.15% ($0.2 mil)
    Return on Equity (ROE): 1.68% ($0.3 mil)
    Quarterly return on equity: 1.29% ($0.2 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.18% ($287.3 mil)
    Quarterly Pretax return on assets: -0.03% (-$47.9 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
  • 40Total employees (full-time equivalent)
  • $159,591Total assets
  • $23,230Cash and due from depository institutions
  • $18,870Interest-bearing balances
  • $28,535Securities
  • $7,738Federal funds sold & reverse repurchase agreements
  • $91,841Net loans & leases
  • $1,967Loan loss allowance
  • $0Trading account assets
  • $2,691Bank premises and fixed assets
  • $3,290Other real estate owned
  • $0Goodwill and other intangibles
  • $159,591Life insurance assets
  • $2,266All other assets
  • $141,422Total liabilities and capital
  • $140,874Total liabilities
  • $126,946Total deposits
  • $140,874Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $548Subordinated debt
  • $18,169All other liabilities
  • $18,169Total equity capital
  • $18,169Total bank equity capital
  • $0Perpetual preferred stock
  • $1,500Common stock
  • $1,732Surplus
  • $14,937Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,389Income earned, not collected on loans
  • $0Earning assets
  • $496Long-term assets (5+ years)
  • $146,984Average Assets, year-to-date
  • $26,116Average Assets, quarterly
  • $157,995Volatile liabilities
  • $159,699Insider loans
  • $101,189FHLB advances
  • $160,198Loans and leases held for sale
  • $14Unused loan commitments
  • $14Tier 1 (core) risk-based capital
  • $17,831Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,686Restructured Loans and leases
  • $1,603Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,861Total interest income
  • $1,456Total interest expense
  • $5,405Net interest income
  • $1,920Provision for loan and lease losses
  • $686Total noninterest income
  • $0Fiduciary activities
  • $439Service charges on deposit accounts
  • $0Trading account gains & fees
  • $247Additional noninterest income
  • $4,114Total noninterest expense
  • $1,901Salaries and employee benefits
  • $632Premises and equipment expense
  • $1,581Additional noninterest expense
  • $57Pre-tax net operating income
  • $227Securities gains (losses)
  • -$19Applicable income taxes
  • $303Income before extraordinary items
  • $0Extraordinary gains - net
  • $303Net income attributable to bank
  • $0Net charge-offs
  • $303Cash dividends
  • $1,972Sale, conversion, retirement of capital stock, net
  • $150Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.70%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 3.70%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 2.82%Noninterest expense to earning assets
  • 0.05%Net operating income to assets
  • 0.19%Return on assets (ROA)
  • 0.18%Pretax return on assets
  • 1.68%Return on equity (ROE)
  • 0.85%Retained earnings to average equity (YTD only)
  • 1.97%Net charge-offs to loans
  • 97.36%Credit loss provision to net charge-offs
  • 1.00%Efficiency ratio
  • 67,542Assets per employee
  • 3.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.50%Loss allowance to loans
  • 2.10%Loss allowance to noncurrent loans
  • 36.50%Noncurrent assets plus other real estate owned to assets
  • 5.44%Noncurrent loans to loans
  • 5.74%Net loans and leases to deposits
  • 65.19%Net loans and leases to core deposits
  • 72.72%Equity capital to assets
  • 11.38%Core capital (leverage) ratio
  • 11.13%Tier 1 risk-based capital ratio
  • 17.62%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $157,995Average earning assets
  • $18,022Average equity
  • $145,954Average loans

List of branches

  • 4 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    040225Bank Of Walterboro1100 North Jefferies Boulevard, Walterboro, SC 29488May 01, 1989Full Service Brick and Mortar
    1262149Ravenel Branch6225 Savannah Highway, Ravenel, SC 29470October 06, 1997Full Service Brick and Mortar
    2361827Forest Hills Branch110 Forest Hills Road, Walterboro, SC 29488March 23, 2001Full Service Brick and Mortar
    3433554Ridgeland Branch8058 Main Street, Ridgeland, SC 29936December 08, 2004Full Service Brick and Mortar

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