First Federal Savings and Loan Association of Anderson in Anderson, South Carolina (SC)
Table of contents:
| First Federal Savings and Loan Association of Anderson | |
|---|---|
| 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 |
| 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 |
| Securities | $5,596 |
| 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 |
| Surplus | $1 |
| Undivided profits | $19,951 |
| Memoranda | |
| 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 |
| Derivatives | $0 |
| 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 |
| Performance and Condition Ratios (December 31, 1996) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 0.00% |
| 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 ratio | 666.67% |
| 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 deposits | 0.07% |
| 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% |
| Memoranda | |
| Average assets | $22 |
| Average earning assets | $332,536 |
| Average equity | $40,817 |
| Average loans | $318,049 |
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