Carolina Alliance Bank in Spartanburg, South Carolina (SC)



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Carolina Alliance Bank routing number info

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Carolina Alliance Bank
GeneralFDIC Certificate #: 58432
Status: Active
Federal Reserve ID: 3486623
Date Established: January 08, 2007
WWW: http://www.carolinaalliancebank.com
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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)36
Total assets$238,889
Cash and due from depository institutions$14,074
Interest-bearing balances$8,890
Securities$49,783
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$164,421
Loan loss allowance $3,773
Trading account assets$0
Bank premises and fixed assets$6,982
Other real estate owned$877
Goodwill and other intangibles$0
All other assets$2,752
Life insurance assets$238,890
Total liabilities and capital$208,840
Total liabilities$197,965
Total deposits$176,961
Interest-bearing deposits$197,965
Deposits held in domestic offices$83
% insured (estimated)7090.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$3,000
Other borrowed funds $0
Subordinated debt $785
All other liabilities $30,050
Total equity capital$30,050
Total bank equity capital$30,050
Perpetual preferred stock$4,975
Common stock$2,500
Surplus$23,624
Undivided profits $-1,049
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $700
Earning assets $0
Long-term assets (5+ years) $706
Average Assets, year-to-date $223,094
Average Assets, quarterly $47,206
Volatile liabilities $237,924
Insider loans $246,603
FHLB advances $183,153
Loans and leases held for sale $249,535
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $28,539
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $28,773
Derivatives$6,800
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,259
Total interest expense $2,126
Net interest income $8,133
Provision for loan and lease losses $1,480
Total noninterest income $298
Fiduciary activities $0
Service charges on deposit accounts $179
Trading account gains & fees $0
Additional noninterest income $119
Total noninterest expense $5,674
Salaries and employee benefits $3,592
Premises and equipment expense $492
Additional noninterest expense $1,590
Pre-tax net operating income $1,277
Securities gains (losses) $0
Applicable income taxes $53
Income before extraordinary items $1,224
Extraordinary gains - net $0
Net income attributable to bank $1,224
Net charge-offs $0
Cash dividends $1,224
Sale, conversion, retirement of capital stock, net $501
Net operating income $18
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.63%
Cost of funding earning assets 0.96%
Net interest margin 3.67%
Noninterest income to earning assets 0.13%
Noninterest expense to earning assets 2.56%
Net operating income to assets 0.51%
Return on assets (ROA) 0.51%
Pretax return on assets 0.54%
Return on equity (ROE) 4.72%
Retained earnings to average equity (YTD only) 4.65%
Net charge-offs to loans 0.31%
Credit loss provision to net charge-offs 295.41%
Efficiency ratio5.50%
Assets per employee$67,299
Cash dividends to net income (YTD only)6.64%
Condition Ratios (%)
Loss allowance to loans 1.47%
Loss allowance to noncurrent loans 2.24%
Noncurrent assets plus other real estate owned to assets 539.00%
Noncurrent loans to loans 0.66%
Net loans and leases to deposits0.42%
Net loans and leases to core deposits 83.06%
Equity capital to assets 104.07%
Core capital (leverage) ratio 12.58%
Tier 1 risk-based capital ratio 11.44%
Total risk-based capital ratio 15.58%
Memoranda
Average assets$17
Average earning assets$237,924
Average equity $25,944
Average loans $221,812
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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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