Carolina Alliance Bank in Spartanburg, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Carolina Alliance Bank in Spartanburg, South Carolina (SC)
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Carolina Alliance Bank - Overview

  • General
  • FDIC Certificate #: 58432
    Status: Active
    Federal Reserve ID: 3486623
    Date Established: January 08, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 451635
    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: January 08, 2007
    Last Structure Change Effective Date: May 27, 2008
    Last Structure Change Process Date: May 27, 2008
    Last Data Update: May 27, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 South Church Street, Spartanburg, SC 29306
    County: Spartanburg
    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): Greenville-Spartanburg-Anderson, SC (#3160)
    Combined Statistical Area (CSA): Greenville-Spartanburg-Anderson, SC (#273)
    Core Based Statistical Area (CBSA): Spartanburg, SC (#43900)
    CBSA Metro Statistical Area: Spartanburg, SC (#43900)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $238.9 mil
    Equity capital: $30.1 mil
    Deposits held in domestic offices: $198.0 mil
    Return on assets (ROA): 0.51% ($1.2 mil)
    Quarterly return on assets: 0.70% ($1.7 mil)
    Return on Equity (ROE): 4.72% ($1.4 mil)
    Quarterly return on equity: 5.82% ($1.7 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.54% ($1,290.0 mil)
    Quarterly Pretax return on assets: 0.88% ($2,102.2 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
  • 36Total employees (full-time equivalent)
  • $238,889Total assets
  • $14,074Cash and due from depository institutions
  • $8,890Interest-bearing balances
  • $49,783Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $164,421Net loans & leases
  • $3,773Loan loss allowance
  • $0Trading account assets
  • $6,982Bank premises and fixed assets
  • $877Other real estate owned
  • $0Goodwill and other intangibles
  • $238,890Life insurance assets
  • $2,752All other assets
  • $208,840Total liabilities and capital
  • $197,965Total liabilities
  • $176,961Total deposits
  • $197,965Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 7090.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $785Subordinated debt
  • $30,050All other liabilities
  • $30,050Total equity capital
  • $30,050Total bank equity capital
  • $4,975Perpetual preferred stock
  • $2,500Common stock
  • $23,624Surplus
  • $-1,049Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $700Income earned, not collected on loans
  • $0Earning assets
  • $706Long-term assets (5+ years)
  • $223,094Average Assets, year-to-date
  • $47,206Average Assets, quarterly
  • $237,924Volatile liabilities
  • $246,603Insider loans
  • $183,153FHLB advances
  • $249,535Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $28,539Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $28,773Restructured Loans and leases
  • $6,800Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,259Total interest income
  • $2,126Total interest expense
  • $8,133Net interest income
  • $1,480Provision for loan and lease losses
  • $298Total noninterest income
  • $0Fiduciary activities
  • $179Service charges on deposit accounts
  • $0Trading account gains & fees
  • $119Additional noninterest income
  • $5,674Total noninterest expense
  • $3,592Salaries and employee benefits
  • $492Premises and equipment expense
  • $1,590Additional noninterest expense
  • $1,277Pre-tax net operating income
  • $0Securities gains (losses)
  • $53Applicable income taxes
  • $1,224Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,224Net income attributable to bank
  • $0Net charge-offs
  • $1,224Cash dividends
  • $501Sale, conversion, retirement of capital stock, net
  • $18Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.63%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 3.67%Net interest margin
  • 0.13%Noninterest income to earning assets
  • 2.56%Noninterest expense to earning assets
  • 0.51%Net operating income to assets
  • 0.51%Return on assets (ROA)
  • 0.54%Pretax return on assets
  • 4.72%Return on equity (ROE)
  • 4.65%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 295.41%Credit loss provision to net charge-offs
  • 5.50%Efficiency ratio
  • 67,299Assets per employee
  • 6.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 1.47%Loss allowance to loans
  • 2.24%Loss allowance to noncurrent loans
  • 539.00%Noncurrent assets plus other real estate owned to assets
  • 0.66%Noncurrent loans to loans
  • 0.42%Net loans and leases to deposits
  • 83.06%Net loans and leases to core deposits
  • 104.07%Equity capital to assets
  • 12.58%Core capital (leverage) ratio
  • 11.44%Tier 1 risk-based capital ratio
  • 15.58%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $237,924Average earning assets
  • $25,944Average equity
  • $221,812Average loans

List of branches

  • 1 South Carolina Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0451635Carolina Alliance Bank200 South Church Street, Spartanburg, SC 29306January 08, 2007Full Service Brick and Mortar

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