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)
  • Show street view No street view available for this location

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
  • 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

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

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