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

This bank is inactive as of June 02, 2003

  • Lighthouse Community Bank in Hilton Head Island, South Carolina (SC)
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Lighthouse Community Bank - Overview

  • General
  • FDIC Certificate #: 34132
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SunTrust Bank (#867)
    Federal Reserve ID: 2405757
    Date Established: Febuary 14, 1996
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 13147
    FDIC's unique #: 56275
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 14, 1996
    Last Structure Change Effective Date: June 02, 2003
    Last Structure Change Process Date: August 18, 2003
    Last Data Update: August 18, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 5 Office Park Road, 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
  • Financial Summary
  • Total assets: $614.3 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, 2002)

  • Dollar figures in thousands
  • 134Total employees (full-time equivalent)
  • $625,234Total assets
  • $20,177Cash and due from depository institutions
  • $18,909Interest-bearing balances
  • $34,084Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $550,733Net loans & leases
  • $4,296Loan loss allowance
  • $0Trading account assets
  • $1,882Bank premises and fixed assets
  • $1,438Other real estate owned
  • $5,183Goodwill and other intangibles
  • $0Life insurance assets
  • $11,737All other assets
  • $625,234Total liabilities and capital
  • $584,017Total liabilities
  • $410,616Total deposits
  • $383,615Interest-bearing deposits
  • $410,616Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $156,943Other borrowed funds
  • $0Subordinated debt
  • $11,458All other liabilities
  • $41,217Total equity capital
  • $41,217Total bank equity capital
  • $41,217Perpetual preferred stock
  • $0Common stock
  • $187Surplus
  • $23,870Undivided profits
  • Memoranda
  • $17,160Noncurrent loans and leases
  • $171,673Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9,776Earning assets
  • $0Long-term assets (5+ years)
  • $2,764Average Assets, year-to-date
  • $603,726Average Assets, quarterly
  • $0Volatile liabilities
  • $532,979Insider loans
  • $601,845FHLB advances
  • $318,159Loans and leases held for sale
  • $16Unused loan commitments
  • $156,943Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $171,673Total unused commitments
  • $1,438Restructured Loans and leases
  • $4,296Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $31,491Total interest income
  • $16,291Total interest expense
  • $15,200Net interest income
  • $625Provision for loan and lease losses
  • $9,931Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9,931Additional noninterest income
  • $14,839Total noninterest expense
  • $10,102Salaries and employee benefits
  • $2,727Premises and equipment expense
  • $2,010Additional noninterest expense
  • $9,667Pre-tax net operating income
  • $1,387Securities gains (losses)
  • $4,213Applicable income taxes
  • $6,841Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,841Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $134Sale, conversion, retirement of capital stock, net
  • $901Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.14%Yield on earning assets
  • 3.18%Cost of funding earning assets
  • 2.96%Net interest margin
  • 1.94%Noninterest income to earning assets
  • 2.89%Noninterest expense to earning assets
  • 1.12%Net operating income to assets
  • 1.28%Return on assets (ROA)
  • 2.07%Pretax return on assets
  • 19.19%Return on equity (ROE)
  • 16.66%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 466.42%Credit loss provision to net charge-offs
  • 76.81%Efficiency ratio
  • 59,047Assets per employee
  • 4.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 13.17%Loss allowance to loans
  • 0.77%Loss allowance to noncurrent loans
  • 43.94%Noncurrent assets plus other real estate owned to assets
  • 1.79%Noncurrent loans to loans
  • 1.76%Net loans and leases to deposits
  • 134.12%Net loans and leases to core deposits
  • 216.48%Equity capital to assets
  • 6.59%Core capital (leverage) ratio
  • 6.53%Tier 1 risk-based capital ratio
  • 9.94%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $532,979Average earning assets
  • $35,648Average equity
  • $513,005Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $5,630Managed Assets
  • 1Number of Accounts
  • $5,630Personal trust and agency accounts
  • $2,305Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $2,040Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $1,285Non-managed Assets
  • 20Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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