Colonial Bank of South Carolina, Inc. in Camden, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 15, 1998

  • Colonial Bank of South Carolina, Inc. in Camden, South Carolina (SC)
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Colonial Bank of South Carolina, Inc. - Overview

  • General
  • FDIC Certificate #: 33808
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Carolina First Bank (#26849)
    Federal Reserve ID: 2060978
    Date Established: June 05, 1993
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 11009
    FDIC's unique #: 48091
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 05, 1993
    Last Structure Change Effective Date: October 15, 1998
    Last Structure Change Process Date: November 05, 1998
    Last Data Update: November 05, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 1111 Broad Street, Camden, SC 29020
    County: Kershaw
    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
    Combined Statistical Area (CSA): Columbia-Newberry, SC (#192)
    Core Based Statistical Area (CBSA): Columbia, SC (#17900)
    CBSA Metro Statistical Area: Columbia, SC (#17900)
  • Financial Summary
  • Total assets: $61.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 30Total employees (full-time equivalent)
  • $54,612Total assets
  • $5,356Cash and due from depository institutions
  • $3,708Interest-bearing balances
  • $3,761Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $42,806Net loans & leases
  • $375Loan loss allowance
  • $0Trading account assets
  • $1,755Bank premises and fixed assets
  • $226Other real estate owned
  • $232Goodwill and other intangibles
  • $0Life insurance assets
  • $476All other assets
  • $54,612Total liabilities and capital
  • $49,459Total liabilities
  • $40,366Total deposits
  • $37,538Interest-bearing deposits
  • $40,366Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $9,000Other borrowed funds
  • $0Subordinated debt
  • $93All other liabilities
  • $5,153Total equity capital
  • $5,153Total bank equity capital
  • $5,153Perpetual preferred stock
  • $0Common stock
  • $583Surplus
  • $4,598Undivided profits
  • Memoranda
  • $-28Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $64Earning assets
  • $0Long-term assets (5+ years)
  • $266Average Assets, year-to-date
  • $50,275Average Assets, quarterly
  • $11,456Volatile liabilities
  • $50,508Insider loans
  • $53,312FHLB advances
  • $12,053Loans and leases held for sale
  • $856Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,366Total unused commitments
  • $0Restructured Loans and leases
  • $34,799Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $4,001Total interest income
  • $2,184Total interest expense
  • $1,817Net interest income
  • $320Provision for loan and lease losses
  • $287Total noninterest income
  • $0Fiduciary activities
  • $196Service charges on deposit accounts
  • $0Trading account gains & fees
  • $91Additional noninterest income
  • $1,800Total noninterest expense
  • $954Salaries and employee benefits
  • $168Premises and equipment expense
  • $678Additional noninterest expense
  • -$16Pre-tax net operating income
  • $0Securities gains (losses)
  • $59Applicable income taxes
  • -$75Income before extraordinary items
  • $0Extraordinary gains - net
  • -$75Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $50Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.56%Yield on earning assets
  • 4.67%Cost of funding earning assets
  • 3.89%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 3.85%Noninterest expense to earning assets
  • -0.15%Net operating income to assets
  • -0.15%Return on assets (ROA)
  • -0.03%Pretax return on assets
  • -1.73%Return on equity (ROE)
  • -1.73%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 640.00%Credit loss provision to net charge-offs
  • 6.08%Efficiency ratio
  • 83,840Assets per employee
  • 1.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.87%Loss allowance to noncurrent loans
  • 585.94%Noncurrent assets plus other real estate owned to assets
  • 0.53%Noncurrent loans to loans
  • 0.15%Net loans and leases to deposits
  • 106.04%Net loans and leases to core deposits
  • 124.75%Equity capital to assets
  • 9.44%Core capital (leverage) ratio
  • 9.31%Tier 1 risk-based capital ratio
  • 14.16%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $50,508Average earning assets
  • $4,329Average equity
  • $46,733Average loans

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