FDIC Certificate #: 34034 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:CapitalBank (#27426) Federal Reserve ID: 2312967 Date Established: June 22, 1995 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) OTS Docket #: 14161 FDIC's unique #: 56009 Numeric code: 13 Regulator: FED 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: June 22, 1995 Last Structure Change Effective Date: January 01, 2001 Last Structure Change Process Date: May 08, 2001 Last Data Update: May 08, 2001 Data Source Date: April 05, 2012
Location
Address: 528 Old Greenville Highway, Clemson, SC 29631 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)
Financial Summary
Total assets: $41.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
18Total employees (full-time equivalent)
$41,327Total assets
$1,214Cash and due from depository institutions
$59Interest-bearing balances
$10,245Securities
$4,240Federal funds sold & reverse repurchase agreements
$23,258Net loans & leases
$370Loan loss allowance
$0Trading account assets
$1,593Bank premises and fixed assets
$0Other real estate owned
$309Goodwill and other intangibles
$0Life insurance assets
$468All other assets
$41,327Total liabilities and capital
$37,168Total liabilities
$32,367Total deposits
$30,093Interest-bearing deposits
$32,367Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,399Other borrowed funds
$0Subordinated debt
$402All other liabilities
$4,159Total equity capital
$4,159Total bank equity capital
$4,159Perpetual preferred stock
$0Common stock
$2,250Surplus
$2,250Undivided profits
Memoranda
$-341Noncurrent loans and leases
$9,664Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$98Earning assets
$0Long-term assets (5+ years)
$176Average Assets, year-to-date
$37,802Average Assets, quarterly
$5,358Volatile liabilities
$43,743Insider loans
$40,627FHLB advances
$3,818Loans and leases held for sale
$2,141Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,664Total unused commitments
$0Restructured Loans and leases
$326Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$3,519Total interest income
$1,777Total interest expense
$1,742Net interest income
$140Provision for loan and lease losses
$365Total noninterest income
$0Fiduciary activities
$271Service charges on deposit accounts
$0Trading account gains & fees
$94Additional noninterest income
$1,523Total noninterest expense
$543Salaries and employee benefits
$221Premises and equipment expense
$759Additional noninterest expense
$444Pre-tax net operating income
$0Securities gains (losses)
$124Applicable income taxes
$320Income before extraordinary items
$0Extraordinary gains - net
$320Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$133Sale, conversion, retirement of capital stock, net
$285Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.99%Yield on earning assets
4.54%Cost of funding earning assets
4.45%Net interest margin
0.93%Noninterest income to earning assets
3.89%Noninterest expense to earning assets
0.73%Net operating income to assets
0.73%Return on assets (ROA)
1.02%Pretax return on assets
7.95%Return on equity (ROE)
0.87%Retained earnings to average equity (YTD only)
0.48%Net charge-offs to loans
105.26%Credit loss provision to net charge-offs
4.39%Efficiency ratio
70,622Assets per employee
2.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
89.06%Loss allowance to loans
1.57%Loss allowance to noncurrent loans
377.55%Noncurrent assets plus other real estate owned to assets
0.24%Noncurrent loans to loans
0.41%Net loans and leases to deposits
71.86%Net loans and leases to core deposits
81.47%Equity capital to assets
10.06%Core capital (leverage) ratio
9.78%Tier 1 risk-based capital ratio
15.17%Total risk-based capital ratio
Memoranda
$16Average assets
$43,743Average earning assets
$4,028Average equity
$39,155Average loans
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