Cooper River Federal Savings Association in North Charleston, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 03, 1994

  • Cooper River Federal Savings Association in North Charleston, South Carolina (SC)
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Cooper River Federal Savings Association - Overview

  • General
  • FDIC Certificate #: 33606
    Status: Inactive
    Closing history: Conservatorship Institution Resolved
    Acquiring institution: First Citizens Bank and Trust Company, Inc. (#15504)
    Federal Reserve ID: 399272
    Date Established: June 05, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 9981
    FDIC's unique #: 47660
    Numeric code: 38
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: June 05, 1992
    Last Structure Change Effective Date: June 03, 1994
    Last Structure Change Process Date: June 13, 1994
    Last Data Update: July 27, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 2170 Ashley Phosphate Road, North Charleston, SC 29418
    County: Charleston
    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): Charleston-North Charleston, SC (#1440)
    Core Based Statistical Area (CBSA): Charleston-North Charleston-Summerville, SC (#16700)
    CBSA Metro Statistical Area: Charleston-North Charleston-Summerville, SC (#16700)
  • History of Changes
  • Pass Through Receivership Merger
    Corrections
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $61.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $56Total assets
  • $63,464Cash and due from depository institutions
  • $8,200Interest-bearing balances
  • $5,882Securities
  • $1Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $21,473Loan loss allowance
  • $4,607Trading account assets
  • $0Bank premises and fixed assets
  • $5,002Other real estate owned
  • $12,343Goodwill and other intangibles
  • $16,445Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $63,464Total liabilities
  • $75,388Total deposits
  • $72,850Interest-bearing deposits
  • $72,850Deposits held in domestic offices
  • 72850.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $130Subordinated debt
  • $0All other liabilities
  • $2,408Total equity capital
  • $2,408Total bank equity capital
  • $-11,924Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-11,924Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $794Income earned, not collected on loans
  • $155Earning assets
  • $27,356Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $96,744Average Assets, quarterly
  • $69,687Volatile liabilities
  • $579Insider loans
  • $89FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,060Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-12,165Total risk weighted assets
  • $57,505Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,142Total interest expense
  • $3,604Net interest income
  • $538Provision for loan and lease losses
  • $1,231Total noninterest income
  • $1,157Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,157Total noninterest expense
  • $10,805Salaries and employee benefits
  • $1,743Premises and equipment expense
  • $1,031Additional noninterest expense
  • $8,031Pre-tax net operating income
  • -$10,341Securities gains (losses)
  • -$96Applicable income taxes
  • $0Income before extraordinary items
  • -$10,437Extraordinary gains - net
  • $0Net income attributable to bank
  • -$10,437Net charge-offs
  • -$158Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.10%Cost of funding earning assets
  • 6.18%Net interest margin
  • 0.92%Noninterest income to earning assets
  • 1.98%Noninterest expense to earning assets
  • 18.52%Net operating income to assets
  • -10.69%Return on assets (ROA)
  • -10.79%Pretax return on assets
  • -10.79%Return on equity (ROE)
  • 128.65%Retained earnings to average equity (YTD only)
  • 128.65%Net charge-offs to loans
  • -0.32%Credit loss provision to net charge-offs
  • -779.11%Efficiency ratio
  • 637,463Assets per employee
  • 1.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 17.66%Loss allowance to noncurrent loans
  • 580.23%Noncurrent assets plus other real estate owned to assets
  • 20.70%Noncurrent loans to loans
  • 3.04%Net loans and leases to deposits
  • 29.48%Net loans and leases to core deposits
  • 29.66%Equity capital to assets
  • -18.79%Core capital (leverage) ratio
  • -19.17%Tier 1 risk-based capital ratio
  • -21.15%Total risk-based capital ratio
  • Memoranda
  • -$21Average assets
  • $96,744Average earning assets
  • -$8,113Average equity
  • $58,356Average loans

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