Dedicated Community Bank in Darlington, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches


Dedicated Community Bank - Overview

  • General
  • FDIC Certificate #: 26588
    Status: Active
    Federal Reserve ID: 513322
    Bank Holding Company (Regulatory Top Holder): Darlington County Bancshares, Inc. (RSSDID: 2798440, Location: Darlington, SC)
    Date Established: March 10, 1986
    WWW: http://www.dcbsc.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 35292
    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: March 10, 1986
    Last Structure Change Effective Date: Febuary 12, 2009
    Last Structure Change Process Date: June 17, 2009
    Last Data Update: June 17, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 202 Cashua Street, Darlington, SC 29532
    County: Darlington
    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): Florence, SC (#22500)
    CBSA Metro Statistical Area: Florence, SC (#22500)
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $40.4 mil
    Equity capital: $5.5 mil
    Deposits held in domestic offices: $34.9 mil
    Return on assets (ROA): 0.42% ($0.2 mil)
    Quarterly return on assets: 0.63% ($0.3 mil)
    Return on Equity (ROE): 3.19% ($0.2 mil)
    Quarterly return on equity: 4.71% ($0.2 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.45% ($181.8 mil)
    Quarterly Pretax return on assets: 0.41% ($165.7 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
  • 15Total employees (full-time equivalent)
  • $40,406Total assets
  • $4,394Cash and due from depository institutions
  • $3,276Interest-bearing balances
  • $10,602Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $23,163Net loans & leases
  • $250Loan loss allowance
  • $0Trading account assets
  • $1,321Bank premises and fixed assets
  • $337Other real estate owned
  • $0Goodwill and other intangibles
  • $40,406Life insurance assets
  • $589All other assets
  • $34,952Total liabilities and capital
  • $34,891Total liabilities
  • $26,930Total deposits
  • $34,891Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $61Subordinated debt
  • $5,454All other liabilities
  • $5,454Total equity capital
  • $5,454Total bank equity capital
  • $0Perpetual preferred stock
  • $790Common stock
  • $830Surplus
  • $3,834Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $458Income earned, not collected on loans
  • $0Earning assets
  • $326Long-term assets (5+ years)
  • $37,041Average Assets, year-to-date
  • $8,759Average Assets, quarterly
  • $41,104Volatile liabilities
  • $40,647Insider loans
  • $26,704FHLB advances
  • $40,661Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,364Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,719Restructured Loans and leases
  • $1,001Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,837Total interest income
  • $216Total interest expense
  • $1,621Net interest income
  • $82Provision for loan and lease losses
  • $305Total noninterest income
  • $0Fiduciary activities
  • $297Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8Additional noninterest income
  • $1,659Total noninterest expense
  • $833Salaries and employee benefits
  • $257Premises and equipment expense
  • $569Additional noninterest expense
  • $185Pre-tax net operating income
  • $0Securities gains (losses)
  • $14Applicable income taxes
  • $171Income before extraordinary items
  • $0Extraordinary gains - net
  • $171Net income attributable to bank
  • $0Net charge-offs
  • $171Cash dividends
  • $69Sale, conversion, retirement of capital stock, net
  • $80Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.84%Yield on earning assets
  • 0.57%Cost of funding earning assets
  • 4.27%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 4.37%Noninterest expense to earning assets
  • 0.42%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 0.45%Pretax return on assets
  • 3.19%Return on equity (ROE)
  • 1.70%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 118.84%Credit loss provision to net charge-offs
  • 3.87%Efficiency ratio
  • 86,137Assets per employee
  • 2.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.78%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 54.59%Noncurrent assets plus other real estate owned to assets
  • 1.97%Noncurrent loans to loans
  • 1.96%Net loans and leases to deposits
  • 66.39%Net loans and leases to core deposits
  • 67.94%Equity capital to assets
  • 13.50%Core capital (leverage) ratio
  • 13.19%Tier 1 risk-based capital ratio
  • 20.09%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $41,104Average earning assets
  • $5,353Average equity
  • $37,992Average loans

List of branches

  • 1 South Carolina Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035292Dedicated Community Bank202 Cashua Street, Darlington, SC 29532March 10, 1986Full Service Brick and Mortar

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