Citadel Federal Savings and Loan Association in Charleston, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 29, 1994

  • Citadel Federal Savings and Loan Association in Charleston, South Carolina (SC)
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Citadel Federal Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 33640
    Status: Inactive
    Closing history: Conservatorship Institution Resolved
    Acquiring institution: Carolina First Bank (#26849)
    Federal Reserve ID: 252470
    Date Established: August 07, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 10211
    FDIC's unique #: 47721
    Numeric code: 38
    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: August 07, 1992
    Last Structure Change Effective Date: April 29, 1994
    Last Structure Change Process Date: May 16, 1994
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 852 Orleans Road, Charleston, SC 29417
    County: Charleston
    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): Charleston-North Charleston, SC (#1440)
    Core Based Statistical Area (CBSA): Charleston-North Charleston-Summerville, SC (#16700)
    CBSA Metro Statistical Area: Charleston-North Charleston-Summerville, SC (#16700)
  • History of Changes
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $13.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $11Total assets
  • $14,657Cash and due from depository institutions
  • $1,585Interest-bearing balances
  • $1,520Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $11,351Loan loss allowance
  • $1,801Trading account assets
  • $0Bank premises and fixed assets
  • $15Other real estate owned
  • $366Goodwill and other intangibles
  • $1,340Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $14,657Total liabilities
  • $18,830Total deposits
  • $7,463Interest-bearing deposits
  • $7,463Deposits held in domestic offices
  • 7463.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $11,000Subordinated debt
  • $0All other liabilities
  • $367Total equity capital
  • $367Total bank equity capital
  • $-4,173Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-4,173Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,537Income earned, not collected on loans
  • $62Earning assets
  • $12,871Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $18,867Average Assets, quarterly
  • $15,309Volatile liabilities
  • $11,419Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $135Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-4,173Total risk weighted assets
  • $9,682Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,142Total interest expense
  • $858Net interest income
  • $284Provision for loan and lease losses
  • -$255Total noninterest income
  • $215Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $215Total noninterest expense
  • $1,785Salaries and employee benefits
  • $487Premises and equipment expense
  • $474Additional noninterest expense
  • $824Pre-tax net operating income
  • -$1,031Securities gains (losses)
  • $32Applicable income taxes
  • $0Income before extraordinary items
  • -$999Extraordinary gains - net
  • $0Net income attributable to bank
  • -$999Net charge-offs
  • $780Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.13%Cost of funding earning assets
  • 5.35%Net interest margin
  • 1.77%Noninterest income to earning assets
  • 1.34%Noninterest expense to earning assets
  • 11.14%Net operating income to assets
  • -5.46%Return on assets (ROA)
  • -5.30%Pretax return on assets
  • -5.30%Return on equity (ROE)
  • 27.48%Retained earnings to average equity (YTD only)
  • 27.48%Net charge-offs to loans
  • 4.82%Credit loss provision to net charge-offs
  • -32.69%Efficiency ratio
  • 357,715Assets per employee
  • 1.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 13.69%Loss allowance to noncurrent loans
  • 32.53%Noncurrent assets plus other real estate owned to assets
  • 40.27%Noncurrent loans to loans
  • 42.10%Net loans and leases to deposits
  • 152.10%Net loans and leases to core deposits
  • 161.14%Equity capital to assets
  • -28.47%Core capital (leverage) ratio
  • -28.47%Tier 1 risk-based capital ratio
  • -43.10%Total risk-based capital ratio
  • Memoranda
  • -$43Average assets
  • $18,867Average earning assets
  • -$3,636Average equity
  • $16,026Average loans

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