Carolina First Savings Bank, F.S.B. in Georgetown, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 03, 1995

  • Carolina First Savings Bank, F.S.B. in Georgetown, South Carolina (SC)
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Carolina First Savings Bank, F.S.B. - Overview

  • General
  • FDIC Certificate #: 29854
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Carolina First Bank (#26849)
    Federal Reserve ID: 989673
    Date Established: March 01, 1937
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4207
    FDIC's unique #: 42688
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: April 21, 1937
    Last Structure Change Effective Date: Febuary 03, 1995
    Last Structure Change Process Date: Febuary 23, 1995
    Last Data Update: Febuary 23, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 1031 Front Street, Georgetown, SC 29440
    County: Georgetown
    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
    Combined Statistical Area (CSA): Myrtle Beach-Conway-Georgetown, SC (#396)
    Core Based Statistical Area (CBSA): Georgetown, SC (#23860)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $280.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $81Total assets
  • $280,400Cash and due from depository institutions
  • $9,579Interest-bearing balances
  • $135Securities
  • $25,115Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $217,573Loan loss allowance
  • $1,419Trading account assets
  • $0Bank premises and fixed assets
  • $10,471Other real estate owned
  • $168Goodwill and other intangibles
  • $5,292Life insurance assets
  • $12,202All other assets
  • $0Total liabilities and capital
  • $280,400Total liabilities
  • $264,997Total deposits
  • $223,479Interest-bearing deposits
  • $190,451Deposits held in domestic offices
  • 223479.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $35,000Subordinated debt
  • $4,100All other liabilities
  • $2,418Total equity capital
  • $2,418Total bank equity capital
  • $15,403Perpetual preferred stock
  • $0Common stock
  • $661Surplus
  • $6,470Undivided profits
  • Memoranda
  • $8,272Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,318Income earned, not collected on loans
  • $1,531Earning assets
  • $242,823Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $235,946Average Assets, quarterly
  • $272,175Volatile liabilities
  • $83,514Insider loans
  • $1,374FHLB advances
  • $35,000Loans and leases held for sale
  • $0Unused loan commitments
  • $25,245Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $11,856Total risk weighted assets
  • $171,288Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $15,921Total interest expense
  • $7,553Net interest income
  • $8,368Provision for loan and lease losses
  • $100Total noninterest income
  • $2,884Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $2,884Total noninterest expense
  • $8,410Salaries and employee benefits
  • $2,524Premises and equipment expense
  • $1,334Additional noninterest expense
  • $4,552Pre-tax net operating income
  • $2,742Securities gains (losses)
  • $1Applicable income taxes
  • $1,642Income before extraordinary items
  • $1,101Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,101Net charge-offs
  • $132Cash dividends
  • $300Sale, conversion, retirement of capital stock, net
  • $1,000Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.72%Cost of funding earning assets
  • 3.66%Net interest margin
  • 4.06%Noninterest income to earning assets
  • 1.40%Noninterest expense to earning assets
  • 4.08%Net operating income to assets
  • 0.47%Return on assets (ROA)
  • 0.47%Pretax return on assets
  • 1.16%Return on equity (ROE)
  • 7.40%Retained earnings to average equity (YTD only)
  • 5.38%Net charge-offs to loans
  • 0.07%Credit loss provision to net charge-offs
  • 75.76%Efficiency ratio
  • 71,258Assets per employee
  • 3.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 27.25%Loss allowance to loans
  • 0.65%Loss allowance to noncurrent loans
  • 107.66%Noncurrent assets plus other real estate owned to assets
  • 0.53%Noncurrent loans to loans
  • 0.60%Net loans and leases to deposits
  • 97.36%Net loans and leases to core deposits
  • 124.35%Equity capital to assets
  • 5.49%Core capital (leverage) ratio
  • 4.28%Tier 1 risk-based capital ratio
  • 6.92%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $235,946Average earning assets
  • $14,885Average equity
  • $206,226Average loans

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