CertusBank, National Association in Easley, South Carolina (SC), GA, FL
Overview, Financial Summary, Detailed Financial Reports, Branches


  • CertusBank, National Association in Easley, South Carolina (SC), GA, FL
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CertusBank, National Association - Overview

  • General
  • FDIC Certificate #: 59028
    Status: Active
    Federal Reserve ID: 4232881
    Bank Holding Company (Regulatory Top Holder): Certusholdings, Inc. (RSSDID: 4228875, Location: Atlanta, GA)
    Date Established: January 21, 2011
    WWW: http://www.certusbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 38 (Domestic: 38, Interstate: Yes)
    FDIC's unique #: 500506
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: 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: January 21, 2011
    Last Structure Change Effective Date: May 20, 2011
    Last Structure Change Process Date: May 23, 2011
    Last Data Update: May 23, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 6650 Calhoun Memorial Highway, Easley, SC 29640
    County: Pickens
    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)
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,817.6 mil
    Equity capital: $253.8 mil
    Deposits held in domestic offices: $1,457.3 mil
    Return on assets (ROA): 3.95% ($71.8 mil)
    Quarterly return on assets: -1.03% (-$18.7 mil)
    Return on Equity (ROE): 28.39% ($72.1 mil)
    Quarterly return on equity: -7.30% (-$18.5 mil)
    Net income: $57.3 mil
    Quarterly Net income: -$4.7 mil
    Pretax return on assets: 6.27% ($113,965.3 mil)
    Quarterly Pretax return on assets: -1.63% (-$29,627.3 mil)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 453Total employees (full-time equivalent)
  • $1,817,628Total assets
  • $240,929Cash and due from depository institutions
  • $226,445Interest-bearing balances
  • $372,171Securities
  • $134,570Federal funds sold & reverse repurchase agreements
  • $740,905Net loans & leases
  • $8,387Loan loss allowance
  • $0Trading account assets
  • $42,776Bank premises and fixed assets
  • $78,573Other real estate owned
  • $7,971Goodwill and other intangibles
  • $1,817,628Life insurance assets
  • $199,733All other assets
  • $1,563,877Total liabilities and capital
  • $1,457,262Total liabilities
  • $1,348,860Total deposits
  • $1,457,262Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,001Trading liabilities
  • $0Other borrowed funds
  • $100,614Subordinated debt
  • $253,751All other liabilities
  • $253,751Total equity capital
  • $253,751Total bank equity capital
  • $0Perpetual preferred stock
  • $96,750Common stock
  • $96,750Surplus
  • $60,251Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,651Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $177,101Income earned, not collected on loans
  • $0Earning assets
  • $1,433Long-term assets (5+ years)
  • $1,474,091Average Assets, year-to-date
  • $252,294Average Assets, quarterly
  • $1,451,388Volatile liabilities
  • $1,819,086Insider loans
  • $602,791FHLB advances
  • $1,800,790Loans and leases held for sale
  • $32,644Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $242,840Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $32,644Total unused commitments
  • $36,125Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $50,239Total interest income
  • $9,188Total interest expense
  • $41,051Net interest income
  • $8,387Provision for loan and lease losses
  • $130,882Total noninterest income
  • $0Fiduciary activities
  • $2,224Service charges on deposit accounts
  • $0Trading account gains & fees
  • $128,658Additional noninterest income
  • $72,530Total noninterest expense
  • $23,358Salaries and employee benefits
  • $4,244Premises and equipment expense
  • $44,928Additional noninterest expense
  • $91,016Pre-tax net operating income
  • -$46Securities gains (losses)
  • $33,659Applicable income taxes
  • $57,311Income before extraordinary items
  • $0Extraordinary gains - net
  • $57,311Net income attributable to bank
  • $0Net charge-offs
  • $57,311Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.16%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 3.40%Net interest margin
  • 10.83%Noninterest income to earning assets
  • 6.00%Noninterest expense to earning assets
  • 3.95%Net operating income to assets
  • 3.95%Return on assets (ROA)
  • 6.27%Pretax return on assets
  • 28.39%Return on equity (ROE)
  • 28.39%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 41,177Assets per employee
  • 4.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.12%Loss allowance to noncurrent loans
  • 4.74%Noncurrent assets plus other real estate owned to assets
  • 14.07%Noncurrent loans to loans
  • 23.64%Net loans and leases to deposits
  • 50.84%Net loans and leases to core deposits
  • 53.83%Equity capital to assets
  • 13.96%Core capital (leverage) ratio
  • 13.49%Tier 1 risk-based capital ratio
  • 40.29%Total risk-based capital ratio
  • Memoranda
  • $42Average assets
  • $1,451,388Average earning assets
  • $201,878Average equity
  • $1,208,729Average loans

List of branches

  • 1 Florida Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    22470007San Pablo Branch13474 Atlantic Boulevard, Jacksonville, FL 32225December 01, 2007Full Service Brick and Mortar
  • 28 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    8359556Atlantic Southern Bank Branch4077 Forsyth Road, Macon, GA 31210December 10, 2001Full Service Brick and Mortar
    11442961S. Houston Lake Road Office Branch464 S. Houston Lake Road, Warner Robins, GA 31088April 07, 2005Full Service Brick and Mortar
    12453088Rincon Branch597 S. Columbia Avenue, Rincon, GA 31326April 10, 2006Full Service Brick and Mortar
    1356994Sapelo National Bank Branch1200 Northway, Darien, GA 31305May 29, 1997Full Service Brick and Mortar
    14186432Cypress Mill Road Branch3420 Cypress Mill Road, Brunswick, GA 31520July 30, 1979Full Service Brick and Mortar
    15433547Brunswick BranchPerry Lane Road, Brunswick, GA 31525September 22, 2004Full Service Brick and Mortar
    16458066Savannah Branch7393 Hodgson Memorial Drive, Savannah, GA 31406January 08, 2007Full Service Brick and Mortar
    1760639First Community Bank Of Georgia Bran300 North Dugger Avenue, Roberta, GA 31078June 15, 1998Full Service Brick and Mortar
    18294964Lizella Branch8340 Eisenhower Parkway, Lizella, GA 31052October 19, 1998Full Service Brick and Mortar
    19359712Byron Branch202 W White Rd, Byron, GA 31008March 12, 2001Full Service Brick and Mortar
    20465921Bonaire Branch135 Hwy 96, Bonaire, GA 31005April 02, 2007Full Service Brick and Mortar
    21468305Bass Road Branch1701 Bass Road, Macon, GA 31210August 21, 2007Full Service Brick and Mortar
    23473824Valdosta Branch460 Norman Drive, Valdosta, GA 31601March 24, 2008Full Service Brick and Mortar
    24419030First Georgia Banking Company Branch101 Main Street, Franklin, GA 30217November 03, 2003Full Service Brick and Mortar
    25423438Bremen Branch102 Stonebridge Boulevard, Bremen, GA 30110November 03, 2003Full Service Brick and Mortar
    26423439Carrollton Branch100 Tom Reeve Drive, Carrollton, GA 30117November 03, 2003Full Service Brick and Mortar
    27447455Columbus Branch7320 Veterans Parkway, Columbus, GA 31909January 17, 2006Full Service Brick and Mortar
    28447456Dalton Branch1378 Dug Gap Road, Dalton, GA 30720January 03, 2006Full Service Brick and Mortar
    29450575Cornelia Branch920 Level Grove Road, Cornelia, GA 30531April 05, 2006Full Service Brick and Mortar
    30452389Homer Branch1989 Historic Homer Highway, Commerce, GA 30529May 22, 2006Full Service Brick and Mortar
    31452390Jefferson Branch1465 Old Swimming Pool Road, Jefferson, GA 30549June 19, 2006Full Service Brick and Mortar
    32466314Villa Rica Branch908 South Carroll Road, Villa Rica, GA 30180June 30, 2007Limited Service Loan Production
    33468441Columbus Courier7320 Veterans Parkway, Columbus, GA 31909May 31, 2006Limited Service Messenger
    34468442Cornelia Courier920 Level Grove Road, Cornelia, GA 30531August 13, 2007Limited Service Messenger
    35478835Lake Oconee Office Branch1011 Park Place Boulevard, Greensboro, GA 30642May 12, 2008Full Service Brick and Mortar
    36496104Bogart Branch1252 Virgil Langford Road, Bogart, GA 30622Febuary 23, 2009Full Service Brick and Mortar
    37509803Dalton Courier Service1378 Dug Gap Road, Dalton, GA 30720June 05, 2006Limited Service Messenger
    38509804Courier Service100 Tom Reeve Drive, Carrollton, GA 30117January 04, 2010Limited Service Messenger
  • 7 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0500506Certusbank, National Association6650 Calhoun Memorial Highway, Easley, SC 29640January 21, 2011Full Service Brick and Mortar
    2439441Messenger Service6650 Calhoun Memorial Highway, Easley, SC 29640April 01, 2005Limited Service Messenger
    3445631Mauldin Branch787-H East Butler Road, Mauldin, SC 29662November 14, 2005Full Service Brick and Mortar
    4447216Spartanburg Main Branch531 East Main Street, Spartanburg, SC 29302January 30, 2006Full Service Brick and Mortar
    5454259Anderson Branch1510 North Main Street, Anderson, SC 29621July 31, 2006Full Service Brick and Mortar
    6460076Greer Branch518 West Wade Hampton Boulevard, Greer, SC 29650November 20, 2006Full Service Brick and Mortar
    7468534Laurens Road Branch2415 Laurens Road, Greenville, SC 29607October 15, 2007Full Service Brick and Mortar

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