Clover Community Bank in Clover, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

Clover Community Bank - Overview

  • General
  • FDIC Certificate #: 27055
    Status: Active
    Federal Reserve ID: 81429
    Bank Holding Company (Regulatory Top Holder): Clover Community Bankshares, Inc. (RSSDID: 2684338, Location: Clover, SC)
    Date Established: October 01, 1987
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 11640
    FDIC's unique #: 38654
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 01, 1987
    Last Structure Change Effective Date: April 01, 2008
    Last Structure Change Process Date: April 01, 2008
    Last Data Update: April 01, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 124 North Main Street, Clover, SC 29710
    County: York
    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): Charlotte-Gastonia-Rock Hill, NC-SC (#1520)
    Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
    CBSA Metro Statistical Area: Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
  • Financial Summary
  • Total assets: $122.8 mil
    Equity capital: $10.2 mil
    Deposits held in domestic offices: $112.1 mil
    Return on assets (ROA): 0.33% ($0.4 mil)
    Quarterly return on assets: 0.44% ($0.5 mil)
    Return on Equity (ROE): 4.37% ($0.4 mil)
    Quarterly return on equity: 5.47% ($0.5 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.44% ($540.3 mil)
    Quarterly Pretax return on assets: 0.62% ($761.3 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, 2011)

  • Dollar figures in thousands
  • 30Total employees (full-time equivalent)
  • $122,793Total assets
  • $20,841Cash and due from depository institutions
  • $18,323Interest-bearing balances
  • $25,308Securities
  • $255Federal funds sold & reverse repurchase agreements
  • $66,661Net loans & leases
  • $3,153Loan loss allowance
  • $0Trading account assets
  • $1,806Bank premises and fixed assets
  • $2,849Other real estate owned
  • $0Goodwill and other intangibles
  • $122,793Life insurance assets
  • $5,073All other assets
  • $112,635Total liabilities and capital
  • $112,119Total liabilities
  • $97,767Total deposits
  • $112,119Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $516Subordinated debt
  • $10,158All other liabilities
  • $10,158Total equity capital
  • $10,158Total bank equity capital
  • $0Perpetual preferred stock
  • $1,264Common stock
  • $4,070Surplus
  • $4,824Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,478Income earned, not collected on loans
  • $0Earning assets
  • $423Long-term assets (5+ years)
  • $110,547Average Assets, year-to-date
  • $30,164Average Assets, quarterly
  • $128,410Volatile liabilities
  • $125,086Insider loans
  • $73,188FHLB advances
  • $123,801Loans and leases held for sale
  • $2,896Unused loan commitments
  • $2,896Tier 1 (core) risk-based capital
  • $9,461Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,416Restructured Loans and leases
  • $152Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,828Total interest income
  • $898Total interest expense
  • $4,930Net interest income
  • $1,385Provision for loan and lease losses
  • $579Total noninterest income
  • $0Fiduciary activities
  • $802Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$223Additional noninterest income
  • $3,882Total noninterest expense
  • $1,788Salaries and employee benefits
  • $485Premises and equipment expense
  • $1,609Additional noninterest expense
  • $242Pre-tax net operating income
  • $327Securities gains (losses)
  • $151Applicable income taxes
  • $418Income before extraordinary items
  • $0Extraordinary gains - net
  • $418Net income attributable to bank
  • $0Net charge-offs
  • $418Cash dividends
  • $1,782Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.12%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 4.33%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 3.41%Noninterest expense to earning assets
  • 0.14%Net operating income to assets
  • 0.33%Return on assets (ROA)
  • 0.44%Pretax return on assets
  • 4.37%Return on equity (ROE)
  • 4.37%Retained earnings to average equity (YTD only)
  • 2.31%Net charge-offs to loans
  • 77.72%Credit loss provision to net charge-offs
  • 0.91%Efficiency ratio
  • 70,467Assets per employee
  • 4.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.52%Loss allowance to noncurrent loans
  • 213.33%Noncurrent assets plus other real estate owned to assets
  • 3.52%Noncurrent loans to loans
  • 2.12%Net loans and leases to deposits
  • 59.46%Net loans and leases to core deposits
  • 61.31%Equity capital to assets
  • 8.27%Core capital (leverage) ratio
  • 7.64%Tier 1 risk-based capital ratio
  • 12.93%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $128,410Average earning assets
  • $9,568Average equity
  • $113,730Average loans

List of branches

  • 2 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    038654Clover Community Bank124 North Main Street, Clover, SC 29710October 01, 1987Full Service Brick and Mortar
    1365852Lake Wylie Branch5196 Charlotte Highway, Lake Wylie, SC 29710December 13, 2002Full Service Brick and Mortar

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