CommunitySouth Bank and Trust in Easley, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 21, 2011

  • CommunitySouth Bank and Trust in Easley, South Carolina (SC)
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CommunitySouth Bank and Trust - Overview

  • General
  • FDIC Certificate #: 57868
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: CertusBank, National Association (#59028)
    Federal Reserve ID: 3299159
    Date Established: January 18, 2005
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    FDIC's unique #: 428532
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 18, 2005
    Last Structure Change Effective Date: January 21, 2011
    Last Structure Change Process Date: January 25, 2011
    Last Data Update: January 25, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 6650 Calhoun Memorial Highway, Easley, SC 29640
    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: $341.0 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, 2010)

  • Dollar figures in thousands
  • 81Total employees (full-time equivalent)
  • $340,986Total assets
  • $7,775Cash and due from depository institutions
  • $467Interest-bearing balances
  • $76,974Securities
  • $30,682Federal funds sold & reverse repurchase agreements
  • $207,100Net loans & leases
  • $9,652Loan loss allowance
  • $0Trading account assets
  • $3,229Bank premises and fixed assets
  • $11,275Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,951All other assets
  • $340,986Total liabilities and capital
  • $345,368Total liabilities
  • $314,250Total deposits
  • $293,830Interest-bearing deposits
  • $314,250Deposits held in domestic offices
  • 99.88%% insured (estimated)
  • $30,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,118All other liabilities
  • $-4,382Total equity capital
  • $-4,382Total bank equity capital
  • $-4,382Perpetual preferred stock
  • $0Common stock
  • $10,250Surplus
  • $22,450Undivided profits
  • Memoranda
  • $-37,082Noncurrent loans and leases
  • $8,156Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $33,726Earning assets
  • $0Long-term assets (5+ years)
  • $1,034Average Assets, year-to-date
  • $315,223Average Assets, quarterly
  • $94,393Volatile liabilities
  • $421,472Insider loans
  • $390,798FHLB advances
  • $50,044Loans and leases held for sale
  • $10,809Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,156Total unused commitments
  • $2,836Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $15,395Total interest income
  • $9,019Total interest expense
  • $6,376Net interest income
  • $9,500Provision for loan and lease losses
  • $1,616Total noninterest income
  • $0Fiduciary activities
  • $382Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,234Additional noninterest income
  • $15,535Total noninterest expense
  • $5,143Salaries and employee benefits
  • $1,585Premises and equipment expense
  • $8,807Additional noninterest expense
  • -$17,043Pre-tax net operating income
  • $1,057Securities gains (losses)
  • $0Applicable income taxes
  • -$15,986Income before extraordinary items
  • $0Extraordinary gains - net
  • -$15,986Net income attributable to bank
  • $0Net charge-offs
  • -$15,986Cash dividends
  • $12,811Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.88%Yield on earning assets
  • 2.27%Cost of funding earning assets
  • 1.61%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 3.91%Noninterest expense to earning assets
  • -4.04%Net operating income to assets
  • -3.79%Return on assets (ROA)
  • -3.79%Pretax return on assets
  • -223.04%Return on equity (ROE)
  • -223.04%Retained earnings to average equity (YTD only)
  • 5.20%Net charge-offs to loans
  • 74.16%Credit loss provision to net charge-offs
  • -0.59%Efficiency ratio
  • 194,382Assets per employee
  • 4.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.45%Loss allowance to noncurrent loans
  • 28.62%Noncurrent assets plus other real estate owned to assets
  • 13.20%Noncurrent loans to loans
  • 15.56%Net loans and leases to deposits
  • 65.90%Net loans and leases to core deposits
  • 70.39%Equity capital to assets
  • -1.29%Core capital (leverage) ratio
  • -0.63%Tier 1 risk-based capital ratio
  • -1.01%Total risk-based capital ratio
  • Memoranda
  • -$1Average assets
  • $421,472Average earning assets
  • $7,167Average equity
  • $396,985Average loans

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