Carolina First Bank, a Federal Savings Bank in Travelers Rest, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 30, 2000

  • Carolina First Bank, a Federal Savings Bank in Travelers Rest, South Carolina (SC)
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Carolina First Bank, a Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 31085
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Carolina First Bank (#26849)
    Federal Reserve ID: 802875
    Date Established: January 01, 1958
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 6353
    FDIC's unique #: 43919
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 11, 1959
    Last Structure Change Effective Date: December 30, 2000
    Last Structure Change Process Date: Febuary 23, 2001
    Last Data Update: Febuary 23, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 6514b State Park Road, Travelers Rest, SC 29690
    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: $327.8 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 15Total employees (full-time equivalent)
  • $166,881Total assets
  • $2,283Cash and due from depository institutions
  • $1,459Interest-bearing balances
  • $41,249Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $103,578Net loans & leases
  • $599Loan loss allowance
  • $0Trading account assets
  • $1,872Bank premises and fixed assets
  • $807Other real estate owned
  • $14,417Goodwill and other intangibles
  • $0Life insurance assets
  • $2,675All other assets
  • $166,881Total liabilities and capital
  • $144,194Total liabilities
  • $142,395Total deposits
  • $136,707Interest-bearing deposits
  • $142,395Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $188Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,611All other liabilities
  • $22,687Total equity capital
  • $22,687Total bank equity capital
  • $22,687Perpetual preferred stock
  • $0Common stock
  • $181Surplus
  • $22,919Undivided profits
  • Memoranda
  • $-413Noncurrent loans and leases
  • $3,456Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,005Earning assets
  • $0Long-term assets (5+ years)
  • $782Average Assets, year-to-date
  • $146,286Average Assets, quarterly
  • $0Volatile liabilities
  • $118,843Insider loans
  • $138,877FHLB advances
  • $40,675Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,456Total unused commitments
  • $0Restructured Loans and leases
  • $599Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $6,617Total interest income
  • $3,986Total interest expense
  • $2,631Net interest income
  • $0Provision for loan and lease losses
  • $517Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $517Additional noninterest income
  • $2,404Total noninterest expense
  • $526Salaries and employee benefits
  • $420Premises and equipment expense
  • $1,458Additional noninterest expense
  • $744Pre-tax net operating income
  • $0Securities gains (losses)
  • $467Applicable income taxes
  • $277Income before extraordinary items
  • $0Extraordinary gains - net
  • $277Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,244Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.96%Yield on earning assets
  • 4.19%Cost of funding earning assets
  • 2.77%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 2.53%Noninterest expense to earning assets
  • 0.23%Net operating income to assets
  • 0.23%Return on assets (ROA)
  • 0.63%Pretax return on assets
  • 1.28%Return on equity (ROE)
  • 1.28%Retained earnings to average equity (YTD only)
  • 1.88%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.60%Efficiency ratio
  • 53,939Assets per employee
  • 11.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.57%Loss allowance to noncurrent loans
  • 59.60%Noncurrent assets plus other real estate owned to assets
  • 1.00%Noncurrent loans to loans
  • 0.96%Net loans and leases to deposits
  • 72.74%Net loans and leases to core deposits
  • 101.64%Equity capital to assets
  • 13.59%Core capital (leverage) ratio
  • 5.86%Tier 1 risk-based capital ratio
  • 11.20%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $118,843Average earning assets
  • $21,581Average equity
  • $95,065Average loans

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