First National South in Marion, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 20, 1998

  • First National South in Marion, South Carolina (SC)
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First National South - Overview

  • General
  • FDIC Certificate #: 2108
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Anchor Bank (#21758)
    Federal Reserve ID: 881629
    Date Established: September 22, 1911
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Interstate: No)
    OTS Docket #: 10829
    FDIC's unique #: 1388
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 20, 1998
    Last Structure Change Process Date: December 03, 1998
    Last Data Update: December 03, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 307 North Main Street, Marion, SC 29571
    County: Marion
    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
  • Financial Summary
  • Total assets: $160.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 92Total employees (full-time equivalent)
  • $156,165Total assets
  • $9,677Cash and due from depository institutions
  • $1,820Interest-bearing balances
  • $34,579Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $104,405Net loans & leases
  • $927Loan loss allowance
  • $0Trading account assets
  • $4,355Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,149All other assets
  • $156,165Total liabilities and capital
  • $144,792Total liabilities
  • $130,631Total deposits
  • $111,705Interest-bearing deposits
  • $130,631Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,072Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $11,424Other borrowed funds
  • $0Subordinated debt
  • $1,665All other liabilities
  • $11,373Total equity capital
  • $11,373Total bank equity capital
  • $11,373Perpetual preferred stock
  • $0Common stock
  • $600Surplus
  • $3,176Undivided profits
  • Memoranda
  • $7,597Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $473Earning assets
  • $0Long-term assets (5+ years)
  • $801Average Assets, year-to-date
  • $140,804Average Assets, quarterly
  • $26,274Volatile liabilities
  • $146,814Insider loans
  • $155,147FHLB advances
  • $24,040Loans and leases held for sale
  • $879Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $18,033Total unused commitments
  • $0Restructured Loans and leases
  • $116,060Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $11,685Total interest income
  • $5,418Total interest expense
  • $6,267Net interest income
  • $800Provision for loan and lease losses
  • $1,501Total noninterest income
  • $0Fiduciary activities
  • $1,096Service charges on deposit accounts
  • $0Trading account gains & fees
  • $405Additional noninterest income
  • $5,618Total noninterest expense
  • $3,041Salaries and employee benefits
  • $834Premises and equipment expense
  • $1,743Additional noninterest expense
  • $1,350Pre-tax net operating income
  • $20Securities gains (losses)
  • $420Applicable income taxes
  • $950Income before extraordinary items
  • $0Extraordinary gains - net
  • $950Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $900Sale, conversion, retirement of capital stock, net
  • $117Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.81%Yield on earning assets
  • 4.08%Cost of funding earning assets
  • 4.72%Net interest margin
  • 1.13%Noninterest income to earning assets
  • 4.23%Noninterest expense to earning assets
  • 0.64%Net operating income to assets
  • 0.65%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 8.78%Return on equity (ROE)
  • 7.70%Retained earnings to average equity (YTD only)
  • 0.96%Net charge-offs to loans
  • 88.89%Credit loss provision to net charge-offs
  • 2.39%Efficiency ratio
  • 72,322Assets per employee
  • 1.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 12.32%Loss allowance to loans
  • 0.88%Loss allowance to noncurrent loans
  • 195.98%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.45%Net loans and leases to deposits
  • 79.92%Net loans and leases to core deposits
  • 91.51%Equity capital to assets
  • 7.28%Core capital (leverage) ratio
  • 7.20%Tier 1 risk-based capital ratio
  • 9.67%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $146,814Average earning assets
  • $10,818Average equity
  • $132,669Average loans

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