Carolina Community Bank, National Association - Overview
General
FDIC Certificate #: 11537 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Bank (#15019) Federal Reserve ID: 54124 Date Established: January 01, 1934 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 14426 FDIC's unique #: 7370 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: May 16, 2003 Last Structure Change Process Date: May 30, 2003 Last Data Update: May 30, 2003 Data Source Date: April 05, 2012
Location
Address: 100 East Leitner Street, Latta, SC 29565 County: Dillon 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): Dillon, SC (#19900) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $74.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
32Total employees (full-time equivalent)
$70,682Total assets
$3,020Cash and due from depository institutions
$0Interest-bearing balances
$12,895Securities
$4,574Federal funds sold & reverse repurchase agreements
$46,533Net loans & leases
$750Loan loss allowance
$0Trading account assets
$806Bank premises and fixed assets
$0Other real estate owned
$831Goodwill and other intangibles
$0Life insurance assets
$2,023All other assets
$70,682Total liabilities and capital
$61,780Total liabilities
$59,019Total deposits
$50,615Interest-bearing deposits
$59,019Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$761All other liabilities
$8,902Total equity capital
$8,902Total bank equity capital
$8,902Perpetual preferred stock
$0Common stock
$500Surplus
$3,500Undivided profits
Memoranda
$4,902Noncurrent loans and leases
$600Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$11Earning assets
$0Long-term assets (5+ years)
$544Average Assets, year-to-date
$64,002Average Assets, quarterly
$29,634Volatile liabilities
$68,309Insider loans
$70,259FHLB advances
$12,531Loans and leases held for sale
$326Unused loan commitments
$2,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$600Total unused commitments
$0Restructured Loans and leases
$556Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$4,669Total interest income
$1,220Total interest expense
$3,449Net interest income
$175Provision for loan and lease losses
$749Total noninterest income
$0Fiduciary activities
$621Service charges on deposit accounts
$0Trading account gains & fees
$128Additional noninterest income
$2,012Total noninterest expense
$1,169Salaries and employee benefits
$205Premises and equipment expense
$638Additional noninterest expense
$2,011Pre-tax net operating income
$1Securities gains (losses)
$709Applicable income taxes
$1,303Income before extraordinary items
$0Extraordinary gains - net
$1,303Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$83Sale, conversion, retirement of capital stock, net
$125Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.54%Yield on earning assets
1.97%Cost of funding earning assets
5.57%Net interest margin
1.21%Noninterest income to earning assets
3.25%Noninterest expense to earning assets
1.91%Net operating income to assets
1.91%Return on assets (ROA)
2.95%Pretax return on assets
15.62%Return on equity (ROE)
14.12%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
210.84%Credit loss provision to net charge-offs
26.34%Efficiency ratio
47,928Assets per employee
2.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
9.59%Loss allowance to loans
1.59%Loss allowance to noncurrent loans
6818.18%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.02%Net loans and leases to deposits
78.84%Net loans and leases to core deposits
100.10%Equity capital to assets
12.59%Core capital (leverage) ratio
12.49%Tier 1 risk-based capital ratio
19.85%Total risk-based capital ratio
Memoranda
$21Average assets
$68,309Average earning assets
$8,341Average equity
$61,897Average loans
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