First National Bank of the South in Spartanburg, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 16, 2010

  • First National Bank of the South in Spartanburg, South Carolina (SC)
  • Show street view No street view available for this location

First National Bank of the South - Overview

  • General
  • FDIC Certificate #: 35383
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Capital Bank, National Association (#59049)
    Federal Reserve ID: 2859574
    Date Established: March 27, 2000
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 13 (Interstate: No)
    FDIC's unique #: 78851
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: March 27, 2000
    Last Structure Change Effective Date: July 16, 2010
    Last Structure Change Process Date: July 19, 2010
    Last Data Update: July 19, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 215 North Pine Street, Spartanburg, SC 29304
    County: Spartanburg
    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): Spartanburg, SC (#43900)
    CBSA Metro Statistical Area: Spartanburg, SC (#43900)
  • Financial Summary
  • Total assets: $619.4 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, 2009)

  • Dollar figures in thousands
  • 131Total employees (full-time equivalent)
  • $719,807Total assets
  • $69,644Cash and due from depository institutions
  • $66,675Interest-bearing balances
  • $99,112Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $511,753Net loans & leases
  • $25,407Loan loss allowance
  • $0Trading account assets
  • $8,120Bank premises and fixed assets
  • $9,315Other real estate owned
  • $907Goodwill and other intangibles
  • $3,245Life insurance assets
  • $20,956All other assets
  • $719,807Total liabilities and capital
  • $702,187Total liabilities
  • $643,088Total deposits
  • $605,118Interest-bearing deposits
  • $643,088Deposits held in domestic offices
  • 73.63%% insured (estimated)
  • $2,207Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $54,004Other borrowed funds
  • $0Subordinated debt
  • $2,888All other liabilities
  • $17,620Total equity capital
  • $17,620Total bank equity capital
  • $17,620Perpetual preferred stock
  • $0Common stock
  • $5,500Surplus
  • $84,221Undivided profits
  • Memoranda
  • $-72,101Noncurrent loans and leases
  • $59,077Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $128,019Earning assets
  • $0Long-term assets (5+ years)
  • $2,150Average Assets, year-to-date
  • $677,540Average Assets, quarterly
  • $103,649Volatile liabilities
  • $797,724Insider loans
  • $753,125FHLB advances
  • $164,951Loans and leases held for sale
  • $12,931Unused loan commitments
  • $54,004Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $59,077Total unused commitments
  • $2,927Restructured Loans and leases
  • $6,792Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $32,870Total interest income
  • $19,168Total interest expense
  • $13,702Net interest income
  • $39,712Provision for loan and lease losses
  • $3,594Total noninterest income
  • $0Fiduciary activities
  • $1,751Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,843Additional noninterest income
  • $23,509Total noninterest expense
  • $10,524Salaries and employee benefits
  • $3,232Premises and equipment expense
  • $9,753Additional noninterest expense
  • -$45,925Pre-tax net operating income
  • $1,758Securities gains (losses)
  • -$1,673Applicable income taxes
  • -$42,494Income before extraordinary items
  • $0Extraordinary gains - net
  • -$42,494Net income attributable to bank
  • $0Net charge-offs
  • -$42,494Cash dividends
  • $37,337Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.41%Yield on earning assets
  • 2.57%Cost of funding earning assets
  • 1.84%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 3.15%Noninterest expense to earning assets
  • -5.54%Net operating income to assets
  • -5.33%Return on assets (ROA)
  • -5.54%Pretax return on assets
  • -102.32%Return on equity (ROE)
  • -102.32%Retained earnings to average equity (YTD only)
  • 5.96%Net charge-offs to loans
  • 106.36%Credit loss provision to net charge-offs
  • -0.17%Efficiency ratio
  • 135,130Assets per employee
  • 5.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.73%Loss allowance to noncurrent loans
  • 19.85%Noncurrent assets plus other real estate owned to assets
  • 19.08%Noncurrent loans to loans
  • 23.83%Net loans and leases to deposits
  • 79.58%Net loans and leases to core deposits
  • 105.65%Equity capital to assets
  • 2.45%Core capital (leverage) ratio
  • 2.37%Tier 1 risk-based capital ratio
  • 3.43%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $797,724Average earning assets
  • $41,531Average equity
  • $745,635Average loans

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

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First National Bank of the South.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents