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

  • Harbor National Bank in Charleston, South Carolina (SC)
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Harbor National Bank - Overview

  • General
  • FDIC Certificate #: 58219
    Status: Active
    Federal Reserve ID: 3387926
    Bank Holding Company (Regulatory Top Holder): Harbor Bank Group, Inc. (RSSDID: 3387896, Location: Charleston, SC)
    Date Established: Febuary 14, 2006
    WWW: http://www.harborbankgroup.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 442943
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 14, 2006
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1503 Old Towne Road, Charleston, SC 29407
    County: Charleston
    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): Charleston-North Charleston, SC (#1440)
    Core Based Statistical Area (CBSA): Charleston-North Charleston-Summerville, SC (#16700)
    CBSA Metro Statistical Area: Charleston-North Charleston-Summerville, SC (#16700)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $253.9 mil
    Equity capital: $28.7 mil
    Deposits held in domestic offices: $210.8 mil
    Return on assets (ROA): 0.56% ($1.4 mil)
    Quarterly return on assets: 0.69% ($1.8 mil)
    Return on Equity (ROE): 4.86% ($1.4 mil)
    Quarterly return on equity: 6.03% ($1.7 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.84% ($2,132.9 mil)
    Quarterly Pretax return on assets: 1.04% ($2,640.7 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, 2011)

  • Dollar figures in thousands
  • 37Total employees (full-time equivalent)
  • $253,911Total assets
  • $5,129Cash and due from depository institutions
  • $1,211Interest-bearing balances
  • $35,994Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $203,800Net loans & leases
  • $4,229Loan loss allowance
  • $0Trading account assets
  • $1,133Bank premises and fixed assets
  • $2,913Other real estate owned
  • $0Goodwill and other intangibles
  • $253,911Life insurance assets
  • $4,942All other assets
  • $225,178Total liabilities and capital
  • $210,793Total liabilities
  • $195,358Total deposits
  • $210,793Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,000Trading liabilities
  • $0Other borrowed funds
  • $1,385Subordinated debt
  • $28,733All other liabilities
  • $28,733Total equity capital
  • $28,733Total bank equity capital
  • $0Perpetual preferred stock
  • $13,850Common stock
  • $13,850Surplus
  • $1,033Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,462Income earned, not collected on loans
  • $0Earning assets
  • $838Long-term assets (5+ years)
  • $241,005Average Assets, year-to-date
  • $36,053Average Assets, quarterly
  • $242,276Volatile liabilities
  • $250,441Insider loans
  • $215,458FHLB advances
  • $249,036Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $28,229Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $26,523Restructured Loans and leases
  • $11,369Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,579Total interest income
  • $2,354Total interest expense
  • $9,225Net interest income
  • $1,099Provision for loan and lease losses
  • $488Total noninterest income
  • $0Fiduciary activities
  • $87Service charges on deposit accounts
  • $0Trading account gains & fees
  • $401Additional noninterest income
  • $6,596Total noninterest expense
  • $3,080Salaries and employee benefits
  • $840Premises and equipment expense
  • $2,676Additional noninterest expense
  • $2,018Pre-tax net operating income
  • $21Securities gains (losses)
  • $683Applicable income taxes
  • $1,356Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,356Net income attributable to bank
  • $0Net charge-offs
  • $1,356Cash dividends
  • $856Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 1.03%Cost of funding earning assets
  • 4.03%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 2.88%Noninterest expense to earning assets
  • 0.55%Net operating income to assets
  • 0.56%Return on assets (ROA)
  • 0.84%Pretax return on assets
  • 4.86%Return on equity (ROE)
  • 4.86%Retained earnings to average equity (YTD only)
  • 0.42%Net charge-offs to loans
  • 128.39%Credit loss provision to net charge-offs
  • 3.64%Efficiency ratio
  • 67,909Assets per employee
  • 6.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.03%Loss allowance to noncurrent loans
  • 77.43%Noncurrent assets plus other real estate owned to assets
  • 3.30%Noncurrent loans to loans
  • 2.63%Net loans and leases to deposits
  • 96.68%Net loans and leases to core deposits
  • 111.85%Equity capital to assets
  • 11.32%Core capital (leverage) ratio
  • 11.34%Tier 1 risk-based capital ratio
  • 13.10%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $242,276Average earning assets
  • $27,906Average equity
  • $228,770Average loans

List of branches

  • 3 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0442943Harbor National Bank1503 Old Towne Road, Charleston, SC 29407Febuary 14, 2006Full Service Brick and Mortar
    1449870Meeting Street Branch134 Meeting Street, Suite 201, Charleston, SC 29401Febuary 14, 2006Full Service Brick and Mortar
    2492709Houston Northcutt Branch953 Houston Northcutt Blvd, Mount Pleasant, SC 29464January 12, 2009Full Service Brick and Mortar

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