Florence National Bank in Florence, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 2006

  • Florence National Bank in Florence, South Carolina (SC)
  • Show street view No street view available for this location

Florence National Bank - Overview

  • General
  • FDIC Certificate #: 34660
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community Resource Bank, National Association (#27116)
    Federal Reserve ID: 2687919
    Date Established: July 06, 1998
    WWW: http://www.florencebk.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 61112
    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: July 06, 1998
    Last Structure Change Effective Date: October 01, 2006
    Last Structure Change Process Date: October 18, 2006
    Last Data Update: October 18, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 181 East Evans Street, Florence, SC 29501
    County: Florence
    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): Florence, SC (#2655)
    Core Based Statistical Area (CBSA): Florence, SC (#22500)
    CBSA Metro Statistical Area: Florence, SC (#22500)
  • Financial Summary
  • Total assets: $86.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $79,103Total assets
  • $2,208Cash and due from depository institutions
  • $238Interest-bearing balances
  • $1,218Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $73,055Net loans & leases
  • $951Loan loss allowance
  • $0Trading account assets
  • $1,396Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,226All other assets
  • $79,103Total liabilities and capital
  • $71,968Total liabilities
  • $69,971Total deposits
  • $61,609Interest-bearing deposits
  • $69,971Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $421Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,200Other borrowed funds
  • $0Subordinated debt
  • $376All other liabilities
  • $7,135Total equity capital
  • $7,135Total bank equity capital
  • $7,135Perpetual preferred stock
  • $0Common stock
  • $2,250Surplus
  • $3,750Undivided profits
  • Memoranda
  • $1,135Noncurrent loans and leases
  • $10,820Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,106Earning assets
  • $0Long-term assets (5+ years)
  • $391Average Assets, year-to-date
  • $74,511Average Assets, quarterly
  • $1,404Volatile liabilities
  • $78,133Insider loans
  • $80,552FHLB advances
  • $19,837Loans and leases held for sale
  • $5,169Unused loan commitments
  • $1,200Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $202Total risk weighted assets
  • $10,820Total unused commitments
  • $0Restructured Loans and leases
  • $885Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $4,977Total interest income
  • $1,950Total interest expense
  • $3,027Net interest income
  • $415Provision for loan and lease losses
  • $612Total noninterest income
  • $0Fiduciary activities
  • $387Service charges on deposit accounts
  • $0Trading account gains & fees
  • $225Additional noninterest income
  • $2,504Total noninterest expense
  • $1,086Salaries and employee benefits
  • $349Premises and equipment expense
  • $1,069Additional noninterest expense
  • $720Pre-tax net operating income
  • $0Securities gains (losses)
  • $267Applicable income taxes
  • $453Income before extraordinary items
  • $0Extraordinary gains - net
  • $453Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $43Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.80%Yield on earning assets
  • 2.67%Cost of funding earning assets
  • 4.14%Net interest margin
  • 0.84%Noninterest income to earning assets
  • 3.42%Noninterest expense to earning assets
  • 0.58%Net operating income to assets
  • 0.58%Return on assets (ROA)
  • 0.92%Pretax return on assets
  • 6.75%Return on equity (ROE)
  • 6.75%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 965.12%Credit loss provision to net charge-offs
  • 26.40%Efficiency ratio
  • 68,810Assets per employee
  • 3.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 45.16%Noncurrent assets plus other real estate owned to assets
  • 2.66%Noncurrent loans to loans
  • 2.85%Net loans and leases to deposits
  • 104.41%Net loans and leases to core deposits
  • 144.51%Equity capital to assets
  • 9.02%Core capital (leverage) ratio
  • 8.92%Tier 1 risk-based capital ratio
  • 10.12%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $78,133Average earning assets
  • $6,715Average equity
  • $73,163Average loans

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