Carolina Commercial Bank in Allendale, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 17, 2007

  • Carolina Commercial Bank in Allendale, South Carolina (SC)
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Carolina Commercial Bank - Overview

  • General
  • FDIC Certificate #: 15007
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Palmetto State Bank (#17563)
    Federal Reserve ID: 785325
    Date Established: January 26, 1935
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 9407
    Numeric code: 21
    Regulator: FDIC
    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 26, 1935
    Last Structure Change Effective Date: Febuary 17, 2007
    Last Structure Change Process Date: March 07, 2007
    Last Data Update: March 07, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Allendale, SC 29810
    County: Allendale
    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
  • Financial Summary
  • Total assets: $35.6 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, 2006)

  • Dollar figures in thousands
  • 9Total employees (full-time equivalent)
  • $35,579Total assets
  • $1,239Cash and due from depository institutions
  • $0Interest-bearing balances
  • $20,167Securities
  • $200Federal funds sold & reverse repurchase agreements
  • $12,808Net loans & leases
  • $236Loan loss allowance
  • $0Trading account assets
  • $255Bank premises and fixed assets
  • $63Other real estate owned
  • $0Goodwill and other intangibles
  • $234Life insurance assets
  • $847All other assets
  • $35,579Total liabilities and capital
  • $31,132Total liabilities
  • $26,559Total deposits
  • $21,302Interest-bearing deposits
  • $26,559Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,285Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,150Other borrowed funds
  • $0Subordinated debt
  • $138All other liabilities
  • $4,447Total equity capital
  • $4,447Total bank equity capital
  • $4,447Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $3,700Undivided profits
  • Memoranda
  • $347Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $52Earning assets
  • $0Long-term assets (5+ years)
  • $377Average Assets, year-to-date
  • $33,175Average Assets, quarterly
  • $2,148Volatile liabilities
  • $34,888Insider loans
  • $35,897FHLB advances
  • $10,180Loans and leases held for sale
  • $300Unused loan commitments
  • $3,150Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $218Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $1,661Total interest income
  • $664Total interest expense
  • $997Net interest income
  • $0Provision for loan and lease losses
  • $111Total noninterest income
  • $0Fiduciary activities
  • $82Service charges on deposit accounts
  • $0Trading account gains & fees
  • $29Additional noninterest income
  • $921Total noninterest expense
  • $542Salaries and employee benefits
  • $106Premises and equipment expense
  • $273Additional noninterest expense
  • $187Pre-tax net operating income
  • $0Securities gains (losses)
  • $11Applicable income taxes
  • $176Income before extraordinary items
  • $0Extraordinary gains - net
  • $176Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$19Sale, conversion, retirement of capital stock, net
  • $60Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.15%Yield on earning assets
  • 2.06%Cost of funding earning assets
  • 3.09%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 2.85%Noninterest expense to earning assets
  • 0.50%Net operating income to assets
  • 0.50%Return on assets (ROA)
  • 0.54%Pretax return on assets
  • 4.01%Return on equity (ROE)
  • 2.64%Retained earnings to average equity (YTD only)
  • -0.17%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 83,123Assets per employee
  • 3.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.09%Loss allowance to loans
  • 1.81%Loss allowance to noncurrent loans
  • 453.85%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.40%Net loans and leases to deposits
  • 48.22%Net loans and leases to core deposits
  • 61.54%Equity capital to assets
  • 12.50%Core capital (leverage) ratio
  • 12.72%Tier 1 risk-based capital ratio
  • 25.75%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $34,888Average earning assets
  • $4,394Average equity
  • $32,260Average loans

Total Fiduciary and Related Assets (December 31, 2006)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,700Managed Assets
  • 1Number of Accounts
  • $1,700Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $1,700Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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