CapitalBank in Greenwood, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 2011

CapitalBank - Overview

  • General
  • FDIC Certificate #: 27426
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Park Sterling Bank (#58408)
    Federal Reserve ID: 1356535
    Date Established: January 03, 1989
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 20 (Interstate: No)
    OTS Docket #: 9673
    FDIC's unique #: 39898
    Numeric code: 13
    Regulator: FED
    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 03, 1989
    Last Structure Change Effective Date: December 01, 2011
    Last Structure Change Process Date: December 19, 2011
    Last Data Update: December 19, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 109 Montague Street, Greenwood, SC 29648
    County: Greenwood
    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): Greenwood, SC (#24940)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $629.0 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, 2010)

  • Dollar figures in thousands
  • 174Total employees (full-time equivalent)
  • $654,931Total assets
  • $37,175Cash and due from depository institutions
  • $27,860Interest-bearing balances
  • $74,026Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $468,624Net loans & leases
  • $17,165Loan loss allowance
  • $0Trading account assets
  • $14,225Bank premises and fixed assets
  • $13,496Other real estate owned
  • $1,259Goodwill and other intangibles
  • $17,397Life insurance assets
  • $46,126All other assets
  • $654,931Total liabilities and capital
  • $598,476Total liabilities
  • $496,305Total deposits
  • $393,212Interest-bearing deposits
  • $496,305Deposits held in domestic offices
  • 89.05%% insured (estimated)
  • $23Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $95,400Other borrowed funds
  • $0Subordinated debt
  • $6,748All other liabilities
  • $56,455Total equity capital
  • $56,455Total bank equity capital
  • $56,455Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $69,586Undivided profits
  • Memoranda
  • $-15,131Noncurrent loans and leases
  • $49,774Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $27,531Earning assets
  • $0Long-term assets (5+ years)
  • $2,291Average Assets, year-to-date
  • $570,510Average Assets, quarterly
  • $109,804Volatile liabilities
  • $718,238Insider loans
  • $670,832FHLB advances
  • $76,130Loans and leases held for sale
  • $13,140Unused loan commitments
  • $95,400Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,516Total risk weighted assets
  • $49,774Total unused commitments
  • $3,271Restructured Loans and leases
  • $6,100Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $31,042Total interest income
  • $10,196Total interest expense
  • $20,846Net interest income
  • $18,350Provision for loan and lease losses
  • $7,717Total noninterest income
  • $1,936Fiduciary activities
  • $1,822Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,959Additional noninterest income
  • $20,305Total noninterest expense
  • $9,863Salaries and employee benefits
  • $2,266Premises and equipment expense
  • $8,176Additional noninterest expense
  • -$10,092Pre-tax net operating income
  • $1,999Securities gains (losses)
  • -$3,187Applicable income taxes
  • -$4,906Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,906Net income attributable to bank
  • $0Net charge-offs
  • -$4,906Cash dividends
  • $15,345Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.90%Yield on earning assets
  • 1.61%Cost of funding earning assets
  • 3.29%Net interest margin
  • 1.22%Noninterest income to earning assets
  • 3.20%Noninterest expense to earning assets
  • -0.86%Net operating income to assets
  • -0.68%Return on assets (ROA)
  • -1.13%Pretax return on assets
  • -7.92%Return on equity (ROE)
  • -7.92%Retained earnings to average equity (YTD only)
  • 2.90%Net charge-offs to loans
  • 119.58%Credit loss provision to net charge-offs
  • 0.54%Efficiency ratio
  • 69,674Assets per employee
  • 3.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.53%Loss allowance to noncurrent loans
  • 62.35%Noncurrent assets plus other real estate owned to assets
  • 6.26%Noncurrent loans to loans
  • 5.67%Net loans and leases to deposits
  • 94.42%Net loans and leases to core deposits
  • 108.93%Equity capital to assets
  • 8.62%Core capital (leverage) ratio
  • 7.64%Tier 1 risk-based capital ratio
  • 10.71%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $718,238Average earning assets
  • $61,908Average equity
  • $633,705Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $234,622Managed Assets
  • 1Number of Accounts
  • $219,008Personal trust and agency accounts
  • $8,424Employee benefit-defined contribution accounts
  • $18,602Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $61,238Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $130,744Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 870Number of Accounts
  • $0Personal trust and agency accounts
  • $61,238Employee benefit-defined contribution accounts
  • $2,791Employee benefit-defined benefit accounts
  • $15,614Other retirement accounts
  • $0Corporate trust and agency accounts
  • $15,614Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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