Congaree State Bank in West Columbia, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches


Congaree State Bank - Overview

  • General
  • FDIC Certificate #: 58301
    Status: Active
    Federal Reserve ID: 3452365
    Bank Holding Company (Regulatory Top Holder): Congaree Bancshares, Inc. (RSSDID: 3465561, Location: Cayce, SC)
    Date Established: October 16, 2006
    WWW: http://www.congareestatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 445685
    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 16, 2006
    Last Structure Change Effective Date: January 22, 2009
    Last Structure Change Process Date: Febuary 04, 2009
    Last Data Update: Febuary 04, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 2023 Sunset Boulevard, West Columbia, SC 29169
    County: Lexington
    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): Columbia, SC (#1760)
    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: $122.0 mil
    Equity capital: $12.3 mil
    Deposits held in domestic offices: $102.5 mil
    Return on assets (ROA): 0.59% ($0.7 mil)
    Quarterly return on assets: 0.46% ($0.6 mil)
    Return on Equity (ROE): 6.14% ($0.7 mil)
    Quarterly return on equity: 4.55% ($0.5 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.29% ($353.7 mil)
    Quarterly Pretax return on assets: 0.47% ($573.3 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
  • 22Total employees (full-time equivalent)
  • $121,970Total assets
  • $2,487Cash and due from depository institutions
  • $72Interest-bearing balances
  • $26,952Securities
  • $86Federal funds sold & reverse repurchase agreements
  • $86,900Net loans & leases
  • $1,396Loan loss allowance
  • $0Trading account assets
  • $594Bank premises and fixed assets
  • $3,182Other real estate owned
  • $0Goodwill and other intangibles
  • $121,970Life insurance assets
  • $1,769All other assets
  • $109,693Total liabilities and capital
  • $102,530Total liabilities
  • $91,790Total deposits
  • $102,530Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,000Trading liabilities
  • $0Other borrowed funds
  • $163Subordinated debt
  • $12,277All other liabilities
  • $12,277Total equity capital
  • $12,277Total bank equity capital
  • $0Perpetual preferred stock
  • $6,600Common stock
  • $12,038Surplus
  • $-6,361Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,550Income earned, not collected on loans
  • $0Earning assets
  • $562Long-term assets (5+ years)
  • $114,010Average Assets, year-to-date
  • $27,173Average Assets, quarterly
  • $122,869Volatile liabilities
  • $122,403Insider loans
  • $85,663FHLB advances
  • $123,363Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,141Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,229Restructured Loans and leases
  • $4,819Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,633Total interest income
  • $1,182Total interest expense
  • $4,451Net interest income
  • $744Provision for loan and lease losses
  • $402Total noninterest income
  • $0Fiduciary activities
  • $174Service charges on deposit accounts
  • $0Trading account gains & fees
  • $228Additional noninterest income
  • $4,013Total noninterest expense
  • $1,592Salaries and employee benefits
  • $705Premises and equipment expense
  • $1,716Additional noninterest expense
  • $96Pre-tax net operating income
  • $259Securities gains (losses)
  • -$369Applicable income taxes
  • $724Income before extraordinary items
  • $0Extraordinary gains - net
  • $724Net income attributable to bank
  • $0Net charge-offs
  • $724Cash dividends
  • $900Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.90%Yield on earning assets
  • 1.03%Cost of funding earning assets
  • 3.87%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 3.49%Noninterest expense to earning assets
  • 0.38%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.29%Pretax return on assets
  • 6.14%Return on equity (ROE)
  • 6.14%Retained earnings to average equity (YTD only)
  • 1.02%Net charge-offs to loans
  • 82.67%Credit loss provision to net charge-offs
  • 0.93%Efficiency ratio
  • 82,691Assets per employee
  • 5.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.58%Loss allowance to noncurrent loans
  • 90.06%Noncurrent assets plus other real estate owned to assets
  • 3.88%Noncurrent loans to loans
  • 1.76%Net loans and leases to deposits
  • 84.76%Net loans and leases to core deposits
  • 87.49%Equity capital to assets
  • 10.07%Core capital (leverage) ratio
  • 9.84%Tier 1 risk-based capital ratio
  • 14.17%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $122,869Average earning assets
  • $11,784Average equity
  • $114,887Average loans

List of branches

  • 2 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0445685Congaree State Bank2023 Sunset Boulevard, West Columbia, SC 29169October 16, 2006Full Service Brick and Mortar
    1479640Cayce Office Branch1201 Knox Abbott Drive, Cayce, SC 29033July 02, 2007Full Service Brick and Mortar

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