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

  • Carolina Alliance Bank in Spartanburg, South Carolina (SC)
  • Show street view No street view available for this location

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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Carolina Alliance Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents