Carolina State Bank in Chesnee, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 25, 2003

  • Carolina State Bank in Chesnee, South Carolina (SC)
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Carolina State Bank - Overview

  • General
  • FDIC Certificate #: 9920
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Arthur State Bank (#15085)
    Federal Reserve ID: 287324
    Date Established: August 30, 1932
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 11576
    FDIC's unique #: 6344
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 25, 2003
    Last Structure Change Process Date: October 30, 2003
    Last Data Update: October 30, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 110 Alabama Avenue, Chesnee, SC 29323
    County: Spartanburg
    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): Spartanburg, SC (#43900)
    CBSA Metro Statistical Area: Spartanburg, SC (#43900)
  • Financial Summary
  • Total assets: $81.5 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
  • 23Total employees (full-time equivalent)
  • $76,775Total assets
  • $2,399Cash and due from depository institutions
  • $50Interest-bearing balances
  • $9,415Securities
  • $9,025Federal funds sold & reverse repurchase agreements
  • $52,912Net loans & leases
  • $768Loan loss allowance
  • $0Trading account assets
  • $1,771Bank premises and fixed assets
  • $86Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,167All other assets
  • $76,775Total liabilities and capital
  • $70,994Total liabilities
  • $70,768Total deposits
  • $60,913Interest-bearing deposits
  • $70,768Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $226All other liabilities
  • $5,781Total equity capital
  • $5,781Total bank equity capital
  • $5,781Perpetual preferred stock
  • $0Common stock
  • $600Surplus
  • $3,200Undivided profits
  • Memoranda
  • $1,981Noncurrent loans and leases
  • $7,571Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $116Earning assets
  • $0Long-term assets (5+ years)
  • $344Average Assets, year-to-date
  • $71,402Average Assets, quarterly
  • $13,288Volatile liabilities
  • $76,859Insider loans
  • $76,709FHLB advances
  • $12,198Loans and leases held for sale
  • $211Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,571Total unused commitments
  • $0Restructured Loans and leases
  • $691Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $4,407Total interest income
  • $1,157Total interest expense
  • $3,250Net interest income
  • $290Provision for loan and lease losses
  • $610Total noninterest income
  • $23Fiduciary activities
  • $479Service charges on deposit accounts
  • $0Trading account gains & fees
  • $108Additional noninterest income
  • $2,092Total noninterest expense
  • $1,021Salaries and employee benefits
  • $257Premises and equipment expense
  • $814Additional noninterest expense
  • $1,478Pre-tax net operating income
  • $0Securities gains (losses)
  • $503Applicable income taxes
  • $975Income before extraordinary items
  • $0Extraordinary gains - net
  • $975Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $32Sale, conversion, retirement of capital stock, net
  • $354Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.17%Yield on earning assets
  • 1.62%Cost of funding earning assets
  • 4.55%Net interest margin
  • 0.85%Noninterest income to earning assets
  • 2.93%Noninterest expense to earning assets
  • 1.27%Net operating income to assets
  • 1.27%Return on assets (ROA)
  • 1.92%Pretax return on assets
  • 17.49%Return on equity (ROE)
  • 11.14%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 906.25%Credit loss provision to net charge-offs
  • 55.25%Efficiency ratio
  • 54,197Assets per employee
  • 3.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 36.31%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 662.07%Noncurrent assets plus other real estate owned to assets
  • 0.26%Noncurrent loans to loans
  • 0.22%Net loans and leases to deposits
  • 74.77%Net loans and leases to core deposits
  • 90.34%Equity capital to assets
  • 7.53%Core capital (leverage) ratio
  • 7.42%Tier 1 risk-based capital ratio
  • 10.37%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $76,859Average earning assets
  • $5,574Average equity
  • $71,388Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $2,730Managed Assets
  • 1Number of Accounts
  • $2,728Personal trust and agency accounts
  • $1,517Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $1,211Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 15Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $2Fiduciary accounts held in foreign offices

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