FirstBank, National Association in Beaufort, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 28, 1999

  • FirstBank, National Association in Beaufort, South Carolina (SC)
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FirstBank, National Association - Overview

  • General
  • FDIC Certificate #: 32320
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: SCBT National Association (#13425)
    Federal Reserve ID: 783675
    Date Established: March 17, 1986
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 8139
    FDIC's unique #: 45154
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: March 17, 1986
    Last Structure Change Effective Date: August 28, 1999
    Last Structure Change Process Date: October 01, 1999
    Last Data Update: December 28, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 1121 Boundary Street, Beaufort, SC 29902
    County: Beaufort
    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): Hilton Head Island-Beaufort, SC (#25940)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $98.2 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 46Total employees (full-time equivalent)
  • $99,049Total assets
  • $8,272Cash and due from depository institutions
  • $4,451Interest-bearing balances
  • $6,915Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $81,244Net loans & leases
  • $846Loan loss allowance
  • $0Trading account assets
  • $1,429Bank premises and fixed assets
  • $40Other real estate owned
  • $72Goodwill and other intangibles
  • $0Life insurance assets
  • $1,077All other assets
  • $99,049Total liabilities and capital
  • $90,890Total liabilities
  • $85,321Total deposits
  • $77,736Interest-bearing deposits
  • $85,321Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,826Other borrowed funds
  • $0Subordinated debt
  • $743All other liabilities
  • $8,159Total equity capital
  • $8,159Total bank equity capital
  • $8,159Perpetual preferred stock
  • $0Common stock
  • $2,979Surplus
  • $2,979Undivided profits
  • Memoranda
  • $2,201Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,290Earning assets
  • $0Long-term assets (5+ years)
  • $550Average Assets, year-to-date
  • $92,610Average Assets, quarterly
  • $8,884Volatile liabilities
  • $96,625Insider loans
  • $98,289FHLB advances
  • $9,268Loans and leases held for sale
  • $2,605Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,740Total risk weighted assets
  • $11,717Total unused commitments
  • $0Restructured Loans and leases
  • $67,845Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $7,856Total interest income
  • $3,473Total interest expense
  • $4,383Net interest income
  • $187Provision for loan and lease losses
  • $1,245Total noninterest income
  • $0Fiduciary activities
  • $644Service charges on deposit accounts
  • $0Trading account gains & fees
  • $601Additional noninterest income
  • $3,571Total noninterest expense
  • $1,764Salaries and employee benefits
  • $479Premises and equipment expense
  • $1,328Additional noninterest expense
  • $1,870Pre-tax net operating income
  • $0Securities gains (losses)
  • $717Applicable income taxes
  • $1,153Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,153Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $69Sale, conversion, retirement of capital stock, net
  • $860Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.70%Yield on earning assets
  • 3.85%Cost of funding earning assets
  • 4.86%Net interest margin
  • 1.38%Noninterest income to earning assets
  • 3.96%Noninterest expense to earning assets
  • 1.19%Net operating income to assets
  • 1.19%Return on assets (ROA)
  • 1.94%Pretax return on assets
  • 14.58%Return on equity (ROE)
  • 3.70%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 271.01%Credit loss provision to net charge-offs
  • 29.81%Efficiency ratio
  • 63,042Assets per employee
  • 2.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 74.59%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 65.58%Noncurrent assets plus other real estate owned to assets
  • 1.34%Noncurrent loans to loans
  • 1.57%Net loans and leases to deposits
  • 95.22%Net loans and leases to core deposits
  • 106.02%Equity capital to assets
  • 8.24%Core capital (leverage) ratio
  • 8.15%Tier 1 risk-based capital ratio
  • 12.03%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $96,625Average earning assets
  • $7,910Average equity
  • $90,248Average loans

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