First Federal Savings and Loan Association of Anderson in Anderson, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 21, 1997

  • First Federal Savings and Loan Association of Anderson in Anderson, South Carolina (SC)
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First Federal Savings and Loan Association of Anderson - Overview

  • General
  • FDIC Certificate #: 29583
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Carolina First Bank (#26849)
    Federal Reserve ID: 454274
    Date Established: January 01, 1922
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3699
    FDIC's unique #: 42417
    Numeric code: 37
    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: Febuary 10, 1936
    Last Structure Change Effective Date: November 21, 1997
    Last Structure Change Process Date: December 12, 1997
    Last Data Update: December 12, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 North Main Street, Anderson, SC 29622
    County: Anderson
    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): Anderson, SC (#11340)
    CBSA Metro Statistical Area: Anderson, SC (#11340)
  • Financial Summary
  • Total assets: $351.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $120Total assets
  • $327,857Cash and due from depository institutions
  • $9,465Interest-bearing balances
  • $5,596Securities
  • $53,491Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $254,428Loan loss allowance
  • $1,272Trading account assets
  • $0Bank premises and fixed assets
  • $4,234Other real estate owned
  • $902Goodwill and other intangibles
  • $5,337Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $327,857Total liabilities
  • $292,811Total deposits
  • $281,449Interest-bearing deposits
  • $276,940Deposits held in domestic offices
  • 281449.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,362Total equity capital
  • $1,362Total bank equity capital
  • $35,046Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $19,951Undivided profits
  • Memoranda
  • $15,094Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $182Income earned, not collected on loans
  • $1,383Earning assets
  • $313,515Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $332,536Average Assets, quarterly
  • $329,012Volatile liabilities
  • $37,863Insider loans
  • $467FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $8,798Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $34,102Total risk weighted assets
  • $162,182Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $24,795Total interest expense
  • $14,274Net interest income
  • $10,521Provision for loan and lease losses
  • $180Total noninterest income
  • $1,204Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,204Total noninterest expense
  • $10,221Salaries and employee benefits
  • $5,935Premises and equipment expense
  • $969Additional noninterest expense
  • $3,317Pre-tax net operating income
  • $1,324Securities gains (losses)
  • -$294Applicable income taxes
  • $736Income before extraordinary items
  • $294Extraordinary gains - net
  • $0Net income attributable to bank
  • $294Net charge-offs
  • $27Cash dividends
  • $20,485Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.80%Cost of funding earning assets
  • 4.49%Net interest margin
  • 3.31%Noninterest income to earning assets
  • 0.38%Noninterest expense to earning assets
  • 3.21%Net operating income to assets
  • 0.14%Return on assets (ROA)
  • 0.09%Pretax return on assets
  • 0.31%Return on equity (ROE)
  • 0.72%Retained earnings to average equity (YTD only)
  • -49.47%Net charge-offs to loans
  • 0.01%Credit loss provision to net charge-offs
  • 666.67%Efficiency ratio
  • 87,173Assets per employee
  • 2.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 6967.69%Loss allowance to loans
  • 0.50%Loss allowance to noncurrent loans
  • 694.51%Noncurrent assets plus other real estate owned to assets
  • 0.10%Noncurrent loans to loans
  • 0.07%Net loans and leases to deposits
  • 90.40%Net loans and leases to core deposits
  • 100.33%Equity capital to assets
  • 10.69%Core capital (leverage) ratio
  • 10.43%Tier 1 risk-based capital ratio
  • 21.03%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $332,536Average earning assets
  • $40,817Average equity
  • $318,049Average loans

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