First Federal of South Carolina, FSB in Walterboro, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Federal of South Carolina, FSB in Walterboro, South Carolina (SC)
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First Federal of South Carolina, FSB - Overview

  • General
  • FDIC Certificate #: 31410
    Status: Active
    Federal Reserve ID: 535575
    Date Established: January 01, 1962
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 6903
    FDIC's unique #: 44244
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: August 09, 1963
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 Robertson Boulevard, Walterboro, SC 29488
    County: Colleton
    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): Walterboro, SC (#47500)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $108.7 mil
    Equity capital: $8.0 mil
    Deposits held in domestic offices: $98.8 mil
    Return on assets (ROA): -0.11% (-$0.1 mil)
    Quarterly return on assets: -0.27% (-$0.3 mil)
    Return on Equity (ROE): -1.55% (-$0.1 mil)
    Quarterly return on equity: -3.68% (-$0.3 mil)
    Net income: -$0.1 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.19% (-$206.6 mil)
    Quarterly Pretax return on assets: -0.44% (-$478.4 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
  • 35Total employees (full-time equivalent)
  • $108,720Total assets
  • $23,487Cash and due from depository institutions
  • $21,423Interest-bearing balances
  • $14,629Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $61,908Net loans & leases
  • $793Loan loss allowance
  • $0Trading account assets
  • $2,395Bank premises and fixed assets
  • $3,811Other real estate owned
  • $185Goodwill and other intangibles
  • $108,720Life insurance assets
  • $2,305All other assets
  • $100,750Total liabilities and capital
  • $98,768Total liabilities
  • $93,885Total deposits
  • $98,768Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,982Subordinated debt
  • $7,970All other liabilities
  • $7,970Total equity capital
  • $7,970Total bank equity capital
  • $0Perpetual preferred stock
  • $1,013Common stock
  • $1,111Surplus
  • $5,846Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,742Income earned, not collected on loans
  • $0Earning assets
  • $281Long-term assets (5+ years)
  • $97,960Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $108,137Volatile liabilities
  • $108,979Insider loans
  • $60,312FHLB advances
  • $107,534Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,643Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,884Restructured Loans and leases
  • $1,110Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,989Total interest income
  • $842Total interest expense
  • $3,147Net interest income
  • $275Provision for loan and lease losses
  • $340Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $340Additional noninterest income
  • $3,842Total noninterest expense
  • $1,795Salaries and employee benefits
  • $1,075Premises and equipment expense
  • $972Additional noninterest expense
  • -$630Pre-tax net operating income
  • $429Securities gains (losses)
  • -$77Applicable income taxes
  • -$124Income before extraordinary items
  • $0Extraordinary gains - net
  • -$124Net income attributable to bank
  • $0Net charge-offs
  • -$124Cash dividends
  • $145Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.14%Yield on earning assets
  • 0.87%Cost of funding earning assets
  • 3.26%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 3.99%Noninterest expense to earning assets
  • -0.37%Net operating income to assets
  • -0.11%Return on assets (ROA)
  • -0.19%Pretax return on assets
  • -1.55%Return on equity (ROE)
  • -1.55%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 189.66%Credit loss provision to net charge-offs
  • -2.45%Efficiency ratio
  • 108,288Assets per employee
  • 3.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.26%Loss allowance to noncurrent loans
  • 21.19%Noncurrent assets plus other real estate owned to assets
  • 6.95%Noncurrent loans to loans
  • 5.97%Net loans and leases to deposits
  • 62.68%Net loans and leases to core deposits
  • 64.44%Equity capital to assets
  • 7.33%Core capital (leverage) ratio
  • 8.04%Tier 1 risk-based capital ratio
  • 14.33%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $108,137Average earning assets
  • $7,997Average equity
  • $96,407Average loans

List of branches

  • 4 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    044244First Federal Of South Carolina, Fsb300 Robertson Boulevard, Walterboro, SC 29488January 01, 1962Full Service Brick and Mortar
    100284678St. George Branch5561 West Memorial Blvd, Saint George, SC 29477January 01, 1962Full Service Brick and Mortar
    101284679Walterboro Branch300 Hampton Street, Walterboro, SC 29488May 01, 1997Full Service Brick and Mortar
    102448835Edisto Island Branch428 Highway 174, Edisto Island, SC 29438December 06, 2005Full Service Brick and Mortar

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