Carolina Federal Savings Bank in Charleston, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Carolina Federal Savings Bank in Charleston, South Carolina (SC)
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Carolina Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 35372
    Status: Active
    Federal Reserve ID: 317687
    Date Established: August 22, 1960
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 15721
    FDIC's unique #: 78837
    Numeric code: 34
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 02, 1999
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 4 Carriage Lane, Suite 101, Charleston, SC 29407
    County: Charleston
    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): Charleston-North Charleston, SC (#1440)
    Core Based Statistical Area (CBSA): Charleston-North Charleston-Summerville, SC (#16700)
    CBSA Metro Statistical Area: Charleston-North Charleston-Summerville, SC (#16700)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $56.6 mil
    Equity capital: $1.3 mil
    Deposits held in domestic offices: $55.0 mil
    Return on assets (ROA): -3.89% (-$2.2 mil)
    Quarterly return on assets: 0.79% ($0.5 mil)
    Return on Equity (ROE): -102.55% (-$1.0 mil)
    Quarterly return on equity: 35.59% ($0.4 mil)
    Net income: -$2.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -3.89% (-$2,202.1 mil)
    Quarterly Pretax return on assets: 0.79% ($447.2 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
  • 16Total employees (full-time equivalent)
  • $56,609Total assets
  • $8,358Cash and due from depository institutions
  • $7,557Interest-bearing balances
  • $0Securities
  • $669Federal funds sold & reverse repurchase agreements
  • $41,464Net loans & leases
  • $1,158Loan loss allowance
  • $0Trading account assets
  • $2,321Bank premises and fixed assets
  • $3,229Other real estate owned
  • $0Goodwill and other intangibles
  • $56,610Life insurance assets
  • $568All other assets
  • $55,283Total liabilities and capital
  • $55,047Total liabilities
  • $52,716Total deposits
  • $55,047Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $236Subordinated debt
  • $1,327All other liabilities
  • $1,327Total equity capital
  • $1,327Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $1,327Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,491Income earned, not collected on loans
  • $0Earning assets
  • $162Long-term assets (5+ years)
  • $49,690Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $57,838Volatile liabilities
  • $57,138Insider loans
  • $41,626FHLB advances
  • $56,609Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,327Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,383Restructured Loans and leases
  • $237Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,672Total interest income
  • $817Total interest expense
  • $1,855Net interest income
  • $2,004Provision for loan and lease losses
  • $292Total noninterest income
  • $0Fiduciary activities
  • $10Service charges on deposit accounts
  • $0Trading account gains & fees
  • $282Additional noninterest income
  • $2,390Total noninterest expense
  • $1,026Salaries and employee benefits
  • $463Premises and equipment expense
  • $901Additional noninterest expense
  • -$2,247Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$2,247Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,247Net income attributable to bank
  • $0Net charge-offs
  • -$2,247Cash dividends
  • $1,577Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.34%Yield on earning assets
  • 1.63%Cost of funding earning assets
  • 3.70%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 4.77%Noninterest expense to earning assets
  • -3.89%Net operating income to assets
  • -3.89%Return on assets (ROA)
  • -3.89%Pretax return on assets
  • -102.55%Return on equity (ROE)
  • -102.55%Retained earnings to average equity (YTD only)
  • 3.42%Net charge-offs to loans
  • 127.08%Credit loss provision to net charge-offs
  • -0.15%Efficiency ratio
  • 111,318Assets per employee
  • 3.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.72%Loss allowance to noncurrent loans
  • 15.46%Noncurrent assets plus other real estate owned to assets
  • 18.94%Noncurrent loans to loans
  • 17.58%Net loans and leases to deposits
  • 75.32%Net loans and leases to core deposits
  • 76.02%Equity capital to assets
  • 2.34%Core capital (leverage) ratio
  • 2.34%Tier 1 risk-based capital ratio
  • 3.19%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $57,838Average earning assets
  • $2,191Average equity
  • $50,068Average loans

List of branches

  • 3 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    078837Carolina Federal Savings Bank4 Carriage Lane, Suite 101, Charleston, SC 29407August 22, 1960Full Service Brick and Mortar
    1116626Roper Federal Savings Bank Branch315 Calhoun Street, Suite 102, Charleston, SC 29401January 01, 1970Full Service Brick and Mortar
    2495358Mt. Pleasant Branch1509 N Highway 17, Mount Pleasant, SC 29464April 10, 2006Full Service Brick and Mortar

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