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

Show street view No street view available for this location
Table of contents:
First Federal Savings and Loan Association of Anderson
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)0
Total assets$120
Cash and due from depository institutions$327,857
Interest-bearing balances$9,465
Federal funds sold & reverse repurchase agreements$53,491
Net loans & leases$0
Loan loss allowance $254,428
Trading account assets$1,272
Bank premises and fixed assets$0
Other real estate owned$4,234
Goodwill and other intangibles$902
All other assets$0
Life insurance assets$5,337
Total liabilities and capital$0
Total liabilities$327,857
Total deposits$292,811
Interest-bearing deposits$281,449
Deposits held in domestic offices$276,940
% insured (estimated)281449.00%
Federal funds purchased & repurchase agreements $97
Trading liabilities$10,000
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$1,362
Total bank equity capital$1,362
Perpetual preferred stock$35,046
Common stock$0
Undivided profits $19,951
Noncurrent loans and leases $15,094
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $182
Earning assets $1,383
Long-term assets (5+ years) $313,515
Average Assets, year-to-date $0
Average Assets, quarterly $332,536
Volatile liabilities $329,012
Insider loans $37,863
FHLB advances $467
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $8,798
Tier 2 risk-based capital $0
Total risk weighted assets $34,102
Total unused commitments $162,182
Restructured Loans and leases $0
Back to page top, Back to table top

Income and Expense (December 31, 1996)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $24,795
Net interest income $14,274
Provision for loan and lease losses $10,521
Total noninterest income $180
Fiduciary activities $1,204
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $0
Total noninterest expense $1,204
Salaries and employee benefits $10,221
Premises and equipment expense $5,935
Additional noninterest expense $969
Pre-tax net operating income $3,317
Securities gains (losses) $1,324
Applicable income taxes -$294
Income before extraordinary items $736
Extraordinary gains - net $294
Net income attributable to bank $0
Net charge-offs $294
Cash dividends $27
Sale, conversion, retirement of capital stock, net $20,485
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 1996)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.80%
Net interest margin 4.49%
Noninterest income to earning assets 3.31%
Noninterest expense to earning assets 0.38%
Net operating income to assets 3.21%
Return on assets (ROA) 0.14%
Pretax return on assets 0.09%
Return on equity (ROE) 0.31%
Retained earnings to average equity (YTD only) 0.72%
Net charge-offs to loans -49.47%
Credit loss provision to net charge-offs 0.01%
Efficiency ratio666.67%
Assets per employee$87,173
Cash dividends to net income (YTD only)2.73%
Condition Ratios (%)
Loss allowance to loans 6967.69%
Loss allowance to noncurrent loans 0.50%
Noncurrent assets plus other real estate owned to assets 694.51%
Noncurrent loans to loans 0.10%
Net loans and leases to deposits0.07%
Net loans and leases to core deposits 90.40%
Equity capital to assets 100.33%
Core capital (leverage) ratio 10.69%
Tier 1 risk-based capital ratio 10.43%
Total risk-based capital ratio 21.03%
Average assets$22
Average earning assets$332,536
Average equity $40,817
Average loans $318,049
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Federal Savings and Loan Association of Anderson.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.