Horry County State Bank in Loris, South Carolina (SC)



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Horry County State Bank routing number info

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Horry County State Bank
GeneralFDIC Certificate #: 27139
Status: Active
Federal Reserve ID: 1162530
Bank Holding Company (Regulatory Top Holder): Hcsb Financial Corporation (RSSDID: 2805375, Location: Loris, SC)
Date Established: January 04, 1988
WWW: http://www.hcsbaccess.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 13 (Domestic: 13, Interstate: No)
OTS Docket #: 12170
FDIC's unique #: 38852
Numeric code: 21
Regulator: FDIC
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: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 04, 1988
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
LocationAddress: 5009 Broad Street, Loris, SC 29569
County: Horry
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): Myrtle Beach, SC (#5330)
Combined Statistical Area (CSA): Myrtle Beach-Conway-Georgetown, SC (#396)
Core Based Statistical Area (CBSA): Myrtle Beach-North Myrtle Beach-Conway, SC (#34820)
CBSA Metro Statistical Area: Myrtle Beach-North Myrtle Beach-Conway, SC (#34820)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $537.9 mil
Equity capital: $14.8 mil
Deposits held in domestic offices: $491.4 mil
Return on assets (ROA): -4.29% (-$23.1 mil)
Quarterly return on assets: -2.06% (-$11.1 mil)
Return on Equity (ROE): -105.57% (-$15.8 mil)
Quarterly return on equity: -69.60% (-$10.4 mil)
Net income: -$26.6 mil
Quarterly Net income: -$2.8 mil
Pretax return on assets: -3.51% (-$18,881.7 mil)
Quarterly Pretax return on assets: -2.06% (-$11,081.6 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)121
Total assets$537,941
Cash and due from depository institutions$33,858
Interest-bearing balances$31,521
Securities$100,208
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$346,817
Loan loss allowance $20,178
Trading account assets$0
Bank premises and fixed assets$22,514
Other real estate owned$15,665
Goodwill and other intangibles$0
All other assets$18,879
Life insurance assets$537,941
Total liabilities and capital$523,092
Total liabilities$491,351
Total deposits$468,124
Interest-bearing deposits$491,351
Deposits held in domestic offices$97
% insured (estimated)7492.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$22,000
Other borrowed funds $0
Subordinated debt $2,249
All other liabilities $14,849
Total equity capital$14,849
Total bank equity capital$14,849
Perpetual preferred stock$0
Common stock$2,507
Surplus$40,295
Undivided profits $-27,953
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $15,632
Income earned, not collected on loans $44,758
Earning assets $0
Long-term assets (5+ years) $2,775
Average Assets, year-to-date $478,546
Average Assets, quarterly $124,338
Volatile liabilities $620,153
Insider loans $541,384
FHLB advances $408,256
Loans and leases held for sale $537,925
Unused loan commitments $10,285
Tier 1 (core) risk-based capital $10,285
Tier 2 risk-based capital $16,620
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $28,799
Derivatives$5,648
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $25,633
Total interest expense $7,668
Net interest income $17,965
Provision for loan and lease losses $24,271
Total noninterest income $972
Fiduciary activities $0
Service charges on deposit accounts $1,307
Trading account gains & fees $0
Additional noninterest income -$335
Total noninterest expense $19,386
Salaries and employee benefits $7,415
Premises and equipment expense $2,098
Additional noninterest expense $9,873
Pre-tax net operating income -$24,720
Securities gains (losses) $2,952
Applicable income taxes $4,851
Income before extraordinary items -$26,619
Extraordinary gains - net $0
Net income attributable to bank -$26,619
Net charge-offs $0
Cash dividends -$26,619
Sale, conversion, retirement of capital stock, net $18,582
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.64%
Cost of funding earning assets 1.39%
Net interest margin 3.25%
Noninterest income to earning assets 0.18%
Noninterest expense to earning assets 3.51%
Net operating income to assets -4.77%
Return on assets (ROA) -4.29%
Pretax return on assets -3.51%
Return on equity (ROE) -105.57%
Retained earnings to average equity (YTD only) -105.57%
Net charge-offs to loans 4.55%
Credit loss provision to net charge-offs 130.62%
Efficiency ratio-0.02%
Assets per employee$102,371
Cash dividends to net income (YTD only)4.45%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 5.50%
Noncurrent assets plus other real estate owned to assets 45.08%
Noncurrent loans to loans 11.23%
Net loans and leases to deposits12.20%
Net loans and leases to core deposits 70.58%
Equity capital to assets 86.23%
Core capital (leverage) ratio 2.76%
Tier 1 risk-based capital ratio 3.09%
Total risk-based capital ratio 4.07%
Memoranda
Average assets$5
Average earning assets$620,153
Average equity $25,215
Average loans $552,470
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13 South Carolina Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
038852Horry County State Bank5009 Broad Street, Loris, SC 29569January 04, 1988Full Service Brick and Mortar
1261184Mount Olive Branch5264 Highway 9, Green Sea, SC 29545March 02, 1995Full Service Brick and Mortar
2261185Meeting Street Branch4011 Meeting Street, Loris, SC 29569June 09, 1997Full Service Brick and Mortar
3261186Little River Branch3187 Highway 9 East, Little River, SC 29566October 06, 1997Full Service Brick and Mortar
4261187Tabor City Branch3210 Highway 701 Byp, Loris, SC 29569October 06, 1997Full Service Brick and Mortar
5261188Conway Branch1627 Church Street, Conway, SC 29526Febuary 17, 1998Full Service Brick and Mortar
6359822Socastee Branch4600 Highway 17 Bypass South, Myrtle Beach, SC 29577Febuary 20, 2001Full Service Brick and Mortar
7362201Homewood Branch3201 Highway 701 North, Conway, SC 29526August 21, 2000Full Service Brick and Mortar
8364685Windy Hill Branch4400 Hwy 17 South, North Myrtle Beach, SC 29582May 24, 2002Full Service Brick and Mortar
9419064Myrtle Beach Branch1701 Oak Street, Myrtle Beach, SC 29577August 05, 2002Full Service Brick and Mortar
10453942Carolina Forest Branch273 Carolina Forest Boulevard, Myrtle Beach, SC 29579June 30, 2006Full Service Brick and Mortar
12464967Ocean Drive Branch617 Hwy. 17 South, North Myrtle Beach, SC 29582June 11, 2007Full Service Brick and Mortar
15480293Downtown Conway Office Branch1300 2nd Avenue, Conway, SC 29526June 30, 2008Full Service Brick and Mortar
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