FirstBank of the Midlands, National Association in Columbia, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 31, 1999

  • FirstBank of the Midlands, National Association in Columbia, South Carolina (SC)
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FirstBank of the Midlands, National Association - Overview

  • General
  • FDIC Certificate #: 34725
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: FirstBank, National Association (#32320)
    Federal Reserve ID: 2689502
    Date Established: September 01, 1998
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 61409
    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: September 01, 1998
    Last Structure Change Effective Date: July 31, 1999
    Last Structure Change Process Date: September 23, 1999
    Last Data Update: September 23, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 1900 Assembly Street, Columbia, SC 29201
    County: Richland
    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): Columbia, SC (#1760)
    Combined Statistical Area (CSA): Columbia-Newberry, SC (#192)
    Core Based Statistical Area (CBSA): Columbia, SC (#17900)
    CBSA Metro Statistical Area: Columbia, SC (#17900)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $16.2 mil

Assets and Liabilities (December 31, 1998)

  • Dollar figures in thousands
  • 8Total employees (full-time equivalent)
  • $8,978Total assets
  • $3,157Cash and due from depository institutions
  • $2,889Interest-bearing balances
  • $2,151Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $3,071Net loans & leases
  • $13Loan loss allowance
  • $0Trading account assets
  • $486Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $113All other assets
  • $8,978Total liabilities and capital
  • $4,305Total liabilities
  • $4,284Total deposits
  • $4,198Interest-bearing deposits
  • $4,284Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $21All other liabilities
  • $4,673Total equity capital
  • $4,673Total bank equity capital
  • $4,673Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $4,000Undivided profits
  • Memoranda
  • $-327Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $15Average Assets, year-to-date
  • $8,111Average Assets, quarterly
  • $0Volatile liabilities
  • $7,490Insider loans
  • $7,490FHLB advances
  • $1,568Loans and leases held for sale
  • $100Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $979Total unused commitments
  • $0Restructured Loans and leases
  • $4,651Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $122Total interest income
  • $34Total interest expense
  • $88Net interest income
  • $13Provision for loan and lease losses
  • $2Total noninterest income
  • $0Fiduciary activities
  • $1Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1Additional noninterest income
  • $604Total noninterest expense
  • $122Salaries and employee benefits
  • $77Premises and equipment expense
  • $405Additional noninterest expense
  • -$527Pre-tax net operating income
  • $0Securities gains (losses)
  • -$200Applicable income taxes
  • -$327Income before extraordinary items
  • $0Extraordinary gains - net
  • -$327Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 1.84%Yield on earning assets
  • 0.51%Cost of funding earning assets
  • 1.32%Net interest margin
  • 0.03%Noninterest income to earning assets
  • 9.09%Noninterest expense to earning assets
  • -4.37%Net operating income to assets
  • -4.37%Return on assets (ROA)
  • -7.04%Pretax return on assets
  • -6.88%Return on equity (ROE)
  • -6.88%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 671,111Assets per employee
  • 1.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.42%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 71.69%Net loans and leases to core deposits
  • 113.07%Equity capital to assets
  • 52.05%Core capital (leverage) ratio
  • 63.11%Tier 1 risk-based capital ratio
  • 100.47%Total risk-based capital ratio
  • Memoranda
  • $101Average assets
  • $7,490Average earning assets
  • $4,755Average equity
  • $6,646Average loans

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