Harbourside Community Bank, National Association in Hilton Head Island, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 2009

  • Harbourside Community Bank, National Association in Hilton Head Island, South Carolina (SC)
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Harbourside Community Bank, National Association - Overview

  • General
  • FDIC Certificate #: 58146
    Status: Inactive
    Closing history: Name Change
    Acquiring institution: The Savannah Bank, National Association (#33120)
    Federal Reserve ID: 3369034
    Date Established: Febuary 10, 2006
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    OTS Docket #: 18007
    FDIC's unique #: 440486
    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: Febuary 10, 2006
    Last Structure Change Effective Date: September 30, 2009
    Last Structure Change Process Date: October 23, 2009
    Last Data Update: October 23, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 852 William Hilton Parkway, Hilton Head Island, SC 29928
    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
    Change in Trust Powers
    Name Change
  • Financial Summary
  • Total assets: $79.4 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, 2008)

  • Dollar figures in thousands
  • 18Total employees (full-time equivalent)
  • $77,884Total assets
  • $1,289Cash and due from depository institutions
  • $131Interest-bearing balances
  • $4,425Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $68,511Net loans & leases
  • $1,904Loan loss allowance
  • $0Trading account assets
  • $1,423Bank premises and fixed assets
  • $155Other real estate owned
  • $13Goodwill and other intangibles
  • $0Life insurance assets
  • $2,068All other assets
  • $77,884Total liabilities and capital
  • $71,677Total liabilities
  • $65,693Total deposits
  • $63,308Interest-bearing deposits
  • $65,693Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,691Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,000Other borrowed funds
  • $0Subordinated debt
  • $1,293All other liabilities
  • $6,207Total equity capital
  • $6,207Total bank equity capital
  • $6,207Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $11,500Undivided profits
  • Memoranda
  • $-5,793Noncurrent loans and leases
  • $3,894Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,381Earning assets
  • $0Long-term assets (5+ years)
  • $419Average Assets, year-to-date
  • $73,067Average Assets, quarterly
  • $0Volatile liabilities
  • $88,232Insider loans
  • $80,573FHLB advances
  • $20,795Loans and leases held for sale
  • $452Unused loan commitments
  • $2,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,894Total unused commitments
  • $954Restructured Loans and leases
  • $812Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $5,221Total interest income
  • $2,877Total interest expense
  • $2,344Net interest income
  • $2,160Provision for loan and lease losses
  • $368Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $368Additional noninterest income
  • $4,484Total noninterest expense
  • $1,774Salaries and employee benefits
  • $1,532Premises and equipment expense
  • $1,178Additional noninterest expense
  • -$3,932Pre-tax net operating income
  • $85Securities gains (losses)
  • -$1,295Applicable income taxes
  • -$2,552Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,552Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,505Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.37%Yield on earning assets
  • 3.51%Cost of funding earning assets
  • 2.86%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 5.47%Noninterest expense to earning assets
  • -2.96%Net operating income to assets
  • -2.89%Return on assets (ROA)
  • -4.36%Pretax return on assets
  • -33.75%Return on equity (ROE)
  • -33.75%Retained earnings to average equity (YTD only)
  • 3.26%Net charge-offs to loans
  • 86.23%Credit loss provision to net charge-offs
  • -0.71%Efficiency ratio
  • 165,339Assets per employee
  • 4.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.70%Loss allowance to noncurrent loans
  • 79.97%Noncurrent assets plus other real estate owned to assets
  • 3.26%Noncurrent loans to loans
  • 3.38%Net loans and leases to deposits
  • 104.29%Net loans and leases to core deposits
  • 138.16%Equity capital to assets
  • 7.97%Core capital (leverage) ratio
  • 7.88%Tier 1 risk-based capital ratio
  • 9.48%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $88,232Average earning assets
  • $7,562Average equity
  • $81,965Average loans

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