Community Resource Bank, National Association in Orangeburg, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 2008

  • Community Resource Bank, National Association in Orangeburg, South Carolina (SC)
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Community Resource Bank, National Association - Overview

  • General
  • FDIC Certificate #: 27116
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Citizens Bank and Trust Company, Inc. (#15504)
    Federal Reserve ID: 1159996
    Date Established: November 19, 1987
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 12 (Interstate: No)
    OTS Docket #: 12193
    FDIC's unique #: 38806
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: November 19, 1987
    Last Structure Change Effective Date: November 01, 2008
    Last Structure Change Process Date: December 02, 2008
    Last Data Update: December 02, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1820 Columbia Road, N.E., Orangeburg, SC 29116
    County: Orangeburg
    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
    Core Based Statistical Area (CBSA): Orangeburg, SC (#36700)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $572.1 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, 2007)

  • Dollar figures in thousands
  • 184Total employees (full-time equivalent)
  • $574,027Total assets
  • $20,271Cash and due from depository institutions
  • $911Interest-bearing balances
  • $59,518Securities
  • $6,985Federal funds sold & reverse repurchase agreements
  • $461,588Net loans & leases
  • $5,128Loan loss allowance
  • $0Trading account assets
  • $9,201Bank premises and fixed assets
  • $736Other real estate owned
  • $5,745Goodwill and other intangibles
  • $0Life insurance assets
  • $9,983All other assets
  • $574,027Total liabilities and capital
  • $517,901Total liabilities
  • $485,853Total deposits
  • $426,638Interest-bearing deposits
  • $485,853Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $9,893Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $19,369Other borrowed funds
  • $0Subordinated debt
  • $2,786All other liabilities
  • $56,126Total equity capital
  • $56,126Total bank equity capital
  • $56,126Perpetual preferred stock
  • $0Common stock
  • $15,000Surplus
  • $20,691Undivided profits
  • Memoranda
  • $20,435Noncurrent loans and leases
  • $69,926Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $5,833Earning assets
  • $0Long-term assets (5+ years)
  • $3,532Average Assets, year-to-date
  • $529,002Average Assets, quarterly
  • $67,061Volatile liabilities
  • $577,706Insider loans
  • $582,017FHLB advances
  • $121,703Loans and leases held for sale
  • $7,967Unused loan commitments
  • $19,369Tier 1 (core) risk-based capital
  • $12,696Tier 2 risk-based capital
  • $3,509Total risk weighted assets
  • $69,926Total unused commitments
  • $8Restructured Loans and leases
  • $5,366Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $39,319Total interest income
  • $17,046Total interest expense
  • $22,273Net interest income
  • $2,900Provision for loan and lease losses
  • $6,767Total noninterest income
  • $0Fiduciary activities
  • $3,764Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,003Additional noninterest income
  • $20,597Total noninterest expense
  • $11,581Salaries and employee benefits
  • $2,475Premises and equipment expense
  • $6,541Additional noninterest expense
  • $5,543Pre-tax net operating income
  • $2Securities gains (losses)
  • $2,014Applicable income taxes
  • $3,531Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,531Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,419Sale, conversion, retirement of capital stock, net
  • $3,000Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.39%Yield on earning assets
  • 3.20%Cost of funding earning assets
  • 4.18%Net interest margin
  • 1.27%Noninterest income to earning assets
  • 3.87%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.96%Pretax return on assets
  • 6.32%Return on equity (ROE)
  • 0.95%Retained earnings to average equity (YTD only)
  • 0.54%Net charge-offs to loans
  • 119.88%Credit loss provision to net charge-offs
  • 3.49%Efficiency ratio
  • 70,079Assets per employee
  • 3.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 84.96%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 87.91%Noncurrent assets plus other real estate owned to assets
  • 1.14%Noncurrent loans to loans
  • 1.25%Net loans and leases to deposits
  • 95.01%Net loans and leases to core deposits
  • 122.59%Equity capital to assets
  • 9.78%Core capital (leverage) ratio
  • 8.63%Tier 1 risk-based capital ratio
  • 11.13%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $577,706Average earning assets
  • $55,840Average equity
  • $532,305Average loans

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