Countybank in Greenwood, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

Countybank - Overview

  • General
  • FDIC Certificate #: 9155
    Status: Active
    Federal Reserve ID: 271529
    Bank Holding Company (Regulatory Top Holder): Tcb Corporation (RSSDID: 3147625, Location: Greenwood, SC)
    Date Established: June 05, 1933
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 13478
    FDIC's unique #: 5859
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 419 Main Street, Greenwood, SC 29646
    County: Greenwood
    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): Greenwood, SC (#24940)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $302.7 mil
    Equity capital: $25.8 mil
    Deposits held in domestic offices: $236.3 mil
    Return on assets (ROA): -0.16% (-$0.5 mil)
    Quarterly return on assets: -0.12% (-$0.4 mil)
    Return on Equity (ROE): -2.01% (-$0.5 mil)
    Quarterly return on equity: -1.41% (-$0.4 mil)
    Net income: -$0.5 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.14% (-$423.8 mil)
    Quarterly Pretax return on assets: -0.12% (-$363.2 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, 2011)

  • Dollar figures in thousands
  • 144Total employees (full-time equivalent)
  • $302,703Total assets
  • $16,094Cash and due from depository institutions
  • $13,636Interest-bearing balances
  • $80,660Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $186,442Net loans & leases
  • $3,454Loan loss allowance
  • $0Trading account assets
  • $6,555Bank premises and fixed assets
  • $3,836Other real estate owned
  • $1,333Goodwill and other intangibles
  • $302,703Life insurance assets
  • $7,783All other assets
  • $276,911Total liabilities and capital
  • $236,311Total liabilities
  • $182,377Total deposits
  • $236,311Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 24103.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,728Trading liabilities
  • $0Other borrowed funds
  • $3,769Subordinated debt
  • $25,792All other liabilities
  • $25,792Total equity capital
  • $25,792Total bank equity capital
  • $0Perpetual preferred stock
  • $1,800Common stock
  • $12,200Surplus
  • $11,792Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $9,189Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,890Income earned, not collected on loans
  • $0Earning assets
  • $1,025Long-term assets (5+ years)
  • $280,738Average Assets, year-to-date
  • $141,155Average Assets, quarterly
  • $293,070Volatile liabilities
  • $307,620Insider loans
  • $184,941FHLB advances
  • $307,191Loans and leases held for sale
  • $3,427Unused loan commitments
  • $3,427Tier 1 (core) risk-based capital
  • $24,664Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $26,875Restructured Loans and leases
  • $8,100Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,069Total interest income
  • $1,618Total interest expense
  • $10,451Net interest income
  • $3,391Provision for loan and lease losses
  • $10,008Total noninterest income
  • $2,028Fiduciary activities
  • $1,008Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,972Additional noninterest income
  • $17,773Total noninterest expense
  • $9,027Salaries and employee benefits
  • $2,980Premises and equipment expense
  • $5,766Additional noninterest expense
  • -$705Pre-tax net operating income
  • $303Securities gains (losses)
  • $72Applicable income taxes
  • -$474Income before extraordinary items
  • $0Extraordinary gains - net
  • -$474Net income attributable to bank
  • $0Net charge-offs
  • -$474Cash dividends
  • $2,828Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.47%Yield on earning assets
  • 0.60%Cost of funding earning assets
  • 3.87%Net interest margin
  • 3.71%Noninterest income to earning assets
  • 6.59%Noninterest expense to earning assets
  • -0.27%Net operating income to assets
  • -0.16%Return on assets (ROA)
  • -0.14%Pretax return on assets
  • -2.01%Return on equity (ROE)
  • -2.01%Retained earnings to average equity (YTD only)
  • 1.57%Net charge-offs to loans
  • 119.91%Credit loss provision to net charge-offs
  • 0.95%Efficiency ratio
  • 86,343Assets per employee
  • 2.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.82%Loss allowance to noncurrent loans
  • 58.64%Noncurrent assets plus other real estate owned to assets
  • 3.21%Noncurrent loans to loans
  • 3.10%Net loans and leases to deposits
  • 78.90%Net loans and leases to core deposits
  • 85.13%Equity capital to assets
  • 8.52%Core capital (leverage) ratio
  • 8.03%Tier 1 risk-based capital ratio
  • 13.34%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $293,070Average earning assets
  • $23,587Average equity
  • $269,725Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $331,400Managed Assets
  • 1Number of Accounts
  • $234,112Personal trust and agency accounts
  • $47,108Employee benefit-defined contribution accounts
  • $93,987Employee benefit-defined benefit accounts
  • $24,772Other retirement accounts
  • $19,323Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $14,263Other fiduciary accounts
  • $34,659Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 615Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $97,288Other retirement accounts
  • $0Corporate trust and agency accounts
  • $19,059Other fiduciary accounts
  • $78,229Fiduciary accounts held in foreign offices

List of branches

  • 8 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05859Countybank419 Main Street, Greenwood, SC 29646June 05, 1933Full Service Brick and Mortar
    2219527Reynolds Street Branch1230 Reynolds Avenue, Greenwood, SC 29646November 16, 1967Full Service Brick and Mortar
    3219528North Branch583 Highway 72 By-Pass Nw, Greenwood, SC 29646November 20, 1974Full Service Brick and Mortar
    4219529Greenwood Building Branch210-212 Main Street, Greenwood, SC 29646October 01, 1979Limited Service Trust
    6432876Messenger Service609 Phoenix Street, Greenwood, SC 29646November 01, 2004Limited Service Messenger
    7451754Downtown Mcbee Branch201 West Mcbee Avenue, Greenville, SC 29601June 08, 2006Full Service Brick and Mortar
    8482379Mobile Branch1110 Marshall Road, Greenwood, SC 29649November 13, 2001Limited Service Messenger
    9522240Pelham Branch3501 Pelham Rd. Ste 201, Greenville, SC 29615January 02, 2011

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