Carolina First Bank in Greenville, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 2010

  • Carolina First Bank in Greenville, South Carolina (SC)
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Carolina First Bank - Overview

  • General
  • FDIC Certificate #: 26849
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: TD Bank, National Association (#18409)
    Federal Reserve ID: 310727
    Date Established: December 19, 1986
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 176 (Interstate: No)
    OTS Docket #: 11445
    FDIC's unique #: 36112
    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: December 19, 1986
    Last Structure Change Effective Date: September 30, 2010
    Last Structure Change Process Date: October 04, 2010
    Last Data Update: October 04, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 102 South Main Street, Greenville, SC 29601
    County: Greenville
    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): Greenville-Mauldin-Easley, SC (#24860)
    CBSA Metro Statistical Area: Greenville-Mauldin-Easley, SC (#24860)
  • Financial Summary
  • Total assets: $11,577.5 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, 2009)

  • Dollar figures in thousands
  • 2,209Total employees (full-time equivalent)
  • $11,876,234Total assets
  • $383,308Cash and due from depository institutions
  • $124Interest-bearing balances
  • $2,221,237Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $8,039,577Net loans & leases
  • $365,642Loan loss allowance
  • $0Trading account assets
  • $247,774Bank premises and fixed assets
  • $122,087Other real estate owned
  • $229,825Goodwill and other intangibles
  • $302,830Life insurance assets
  • $632,426All other assets
  • $11,876,234Total liabilities and capital
  • $10,750,525Total liabilities
  • $9,375,358Total deposits
  • $8,247,297Interest-bearing deposits
  • $9,301,869Deposits held in domestic offices
  • 87.63%% insured (estimated)
  • $418,908Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $764,498Other borrowed funds
  • $31,800Subordinated debt
  • $159,961All other liabilities
  • $1,125,709Total equity capital
  • $1,125,709Total bank equity capital
  • $1,125,649Perpetual preferred stock
  • $0Common stock
  • $7,861Surplus
  • $2,062,381Undivided profits
  • Memoranda
  • $-944,593Noncurrent loans and leases
  • $1,659,954Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $60Income earned, not collected on loans
  • $409,511Earning assets
  • $370Long-term assets (5+ years)
  • $37,279Average Assets, year-to-date
  • $10,260,938Average Assets, quarterly
  • $1,658,863Volatile liabilities
  • $12,702,972Insider loans
  • $12,071,384FHLB advances
  • $1,639,442Loans and leases held for sale
  • $22,685Unused loan commitments
  • $752,646Tier 1 (core) risk-based capital
  • $1,929,437Tier 2 risk-based capital
  • $15,758Total risk weighted assets
  • $1,659,954Total unused commitments
  • $20,360Restructured Loans and leases
  • $150,830Derivatives
  • $497Total assets and liabilities in foreign offices

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $547,665Total interest income
  • $213,212Total interest expense
  • $334,453Net interest income
  • $664,208Provision for loan and lease losses
  • $66,284Total noninterest income
  • $4,158Fiduciary activities
  • $38,529Service charges on deposit accounts
  • $0Trading account gains & fees
  • $23,597Additional noninterest income
  • $378,549Total noninterest expense
  • $165,870Salaries and employee benefits
  • $55,364Premises and equipment expense
  • $157,315Additional noninterest expense
  • -$642,020Pre-tax net operating income
  • $11,689Securities gains (losses)
  • $24,480Applicable income taxes
  • -$654,811Income before extraordinary items
  • $0Extraordinary gains - net
  • -$654,811Net income attributable to bank
  • $0Net charge-offs
  • -$654,811Cash dividends
  • $545,652Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.91%Yield on earning assets
  • 1.91%Cost of funding earning assets
  • 3.00%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 3.39%Noninterest expense to earning assets
  • -5.25%Net operating income to assets
  • -5.15%Return on assets (ROA)
  • -4.96%Pretax return on assets
  • -45.70%Return on equity (ROE)
  • -45.70%Retained earnings to average equity (YTD only)
  • 5.82%Net charge-offs to loans
  • 121.73%Credit loss provision to net charge-offs
  • 0.04%Efficiency ratio
  • 92,720Assets per employee
  • 5.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.35%Loss allowance to noncurrent loans
  • 89.29%Noncurrent assets plus other real estate owned to assets
  • 4.48%Noncurrent loans to loans
  • 4.87%Net loans and leases to deposits
  • 85.75%Net loans and leases to core deposits
  • 98.49%Equity capital to assets
  • 9.48%Core capital (leverage) ratio
  • 7.13%Tier 1 risk-based capital ratio
  • 8.96%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $12,702,972Average earning assets
  • $1,432,798Average equity
  • $11,164,304Average loans

Total Fiduciary and Related Assets (December 31, 2009)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $655,824Managed Assets
  • 1Number of Accounts
  • $453,162Personal trust and agency accounts
  • $218,446Employee benefit-defined contribution accounts
  • $4,313Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $17,526Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $183,500Other fiduciary accounts
  • $29,377Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 783Number of Accounts
  • $0Personal trust and agency accounts
  • $17,526Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $202,662Other retirement accounts
  • $2,898Corporate trust and agency accounts
  • $5,220Other fiduciary accounts
  • $39Fiduciary accounts held in foreign offices

Bank Assets Sold and Securitized (December 31, 2002)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $476,7881-4 family residential loans
  • $0Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

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