BankMeridian, N.A. in Columbia, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 29, 2011

BankMeridian, N.A. - Overview

  • General
  • FDIC Certificate #: 58222
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: SCBT National Association (#13425)
    Federal Reserve ID: 3441592
    Date Established: May 18, 2006
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 443020
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: May 18, 2006
    Last Structure Change Effective Date: July 29, 2011
    Last Structure Change Process Date: August 01, 2011
    Last Data Update: August 01, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1320 Main Street, Columbia, SC 29201
    County: Richland
    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
    Metropolitan Statistical Area (MSA): Columbia, SC (#1760)
    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: $232.6 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, 2010)

  • Dollar figures in thousands
  • 35Total employees (full-time equivalent)
  • $258,425Total assets
  • $24,127Cash and due from depository institutions
  • $22,246Interest-bearing balances
  • $37,838Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $180,371Net loans & leases
  • $7,262Loan loss allowance
  • $0Trading account assets
  • $1,640Bank premises and fixed assets
  • $10,184Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,265All other assets
  • $258,425Total liabilities and capital
  • $247,714Total liabilities
  • $223,597Total deposits
  • $217,724Interest-bearing deposits
  • $223,597Deposits held in domestic offices
  • 94.57%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $23,000Other borrowed funds
  • $0Subordinated debt
  • $1,117All other liabilities
  • $10,711Total equity capital
  • $10,711Total bank equity capital
  • $10,711Perpetual preferred stock
  • $0Common stock
  • $15,787Surplus
  • $16,533Undivided profits
  • Memoranda
  • $-21,609Noncurrent loans and leases
  • $14,351Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $34,395Earning assets
  • $0Long-term assets (5+ years)
  • $836Average Assets, year-to-date
  • $240,455Average Assets, quarterly
  • $17,317Volatile liabilities
  • $279,573Insider loans
  • $263,335FHLB advances
  • $39,992Loans and leases held for sale
  • $8,191Unused loan commitments
  • $23,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $14,351Total unused commitments
  • $0Restructured Loans and leases
  • $2,396Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $12,401Total interest income
  • $5,318Total interest expense
  • $7,083Net interest income
  • $7,474Provision for loan and lease losses
  • -$1,054Total noninterest income
  • $0Fiduciary activities
  • $159Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,213Additional noninterest income
  • $8,343Total noninterest expense
  • $3,226Salaries and employee benefits
  • $1,151Premises and equipment expense
  • $3,966Additional noninterest expense
  • -$9,788Pre-tax net operating income
  • $597Securities gains (losses)
  • $395Applicable income taxes
  • -$9,586Income before extraordinary items
  • $0Extraordinary gains - net
  • -$9,586Net income attributable to bank
  • $0Net charge-offs
  • -$9,586Cash dividends
  • $6,052Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.72%Yield on earning assets
  • 2.03%Cost of funding earning assets
  • 2.70%Net interest margin
  • -0.40%Noninterest income to earning assets
  • 3.18%Noninterest expense to earning assets
  • -3.64%Net operating income to assets
  • -3.43%Return on assets (ROA)
  • -3.29%Pretax return on assets
  • -57.62%Return on equity (ROE)
  • -57.62%Retained earnings to average equity (YTD only)
  • 2.85%Net charge-offs to loans
  • 123.50%Credit loss provision to net charge-offs
  • -0.38%Efficiency ratio
  • 138,381Assets per employee
  • 7.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.87%Loss allowance to noncurrent loans
  • 21.11%Noncurrent assets plus other real estate owned to assets
  • 17.30%Noncurrent loans to loans
  • 18.33%Net loans and leases to deposits
  • 80.67%Net loans and leases to core deposits
  • 96.66%Equity capital to assets
  • 4.14%Core capital (leverage) ratio
  • 4.17%Tier 1 risk-based capital ratio
  • 5.91%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $279,573Average earning assets
  • $16,637Average equity
  • $262,538Average loans

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