Mid State Bank in Newberry, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2001

  • Mid State Bank in Newberry, South Carolina (SC)
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Mid State Bank - Overview

  • General
  • FDIC Certificate #: 34474
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: CapitalBank (#27426)
    Federal Reserve ID: 2536352
    Date Established: July 10, 1997
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 57665
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 10, 1997
    Last Structure Change Effective Date: January 01, 2001
    Last Structure Change Process Date: May 08, 2001
    Last Data Update: May 08, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 999 Wilson Road, Newberry, SC 29108
    County: Newberry
    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
    Combined Statistical Area (CSA): Columbia-Newberry, SC (#192)
    Core Based Statistical Area (CBSA): Newberry, SC (#35140)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $83.7 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 26Total employees (full-time equivalent)
  • $83,735Total assets
  • $2,419Cash and due from depository institutions
  • $480Interest-bearing balances
  • $12,514Securities
  • $4,270Federal funds sold & reverse repurchase agreements
  • $58,133Net loans & leases
  • $629Loan loss allowance
  • $0Trading account assets
  • $3,292Bank premises and fixed assets
  • $0Other real estate owned
  • $2,355Goodwill and other intangibles
  • $0Life insurance assets
  • $752All other assets
  • $83,735Total liabilities and capital
  • $75,935Total liabilities
  • $68,763Total deposits
  • $64,239Interest-bearing deposits
  • $68,763Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,336Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,000Other borrowed funds
  • $0Subordinated debt
  • $836All other liabilities
  • $7,800Total equity capital
  • $7,800Total bank equity capital
  • $7,800Perpetual preferred stock
  • $0Common stock
  • $1,650Surplus
  • $6,225Undivided profits
  • Memoranda
  • $-75Noncurrent loans and leases
  • $6,529Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $433Average Assets, year-to-date
  • $75,397Average Assets, quarterly
  • $11,938Volatile liabilities
  • $56,893Insider loans
  • $81,745FHLB advances
  • $18,211Loans and leases held for sale
  • $1,448Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,529Total unused commitments
  • $0Restructured Loans and leases
  • $629Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $4,575Total interest income
  • $2,681Total interest expense
  • $1,894Net interest income
  • $120Provision for loan and lease losses
  • $234Total noninterest income
  • $0Fiduciary activities
  • $160Service charges on deposit accounts
  • $0Trading account gains & fees
  • $74Additional noninterest income
  • $1,802Total noninterest expense
  • $801Salaries and employee benefits
  • $280Premises and equipment expense
  • $721Additional noninterest expense
  • $206Pre-tax net operating income
  • $0Securities gains (losses)
  • $32Applicable income taxes
  • $174Income before extraordinary items
  • $0Extraordinary gains - net
  • $174Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $49Sale, conversion, retirement of capital stock, net
  • $245Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.92%Yield on earning assets
  • 5.23%Cost of funding earning assets
  • 3.69%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 3.51%Noninterest expense to earning assets
  • 0.31%Net operating income to assets
  • 0.31%Return on assets (ROA)
  • 0.36%Pretax return on assets
  • 3.50%Return on equity (ROE)
  • -1.43%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 244.90%Credit loss provision to net charge-offs
  • 6.65%Efficiency ratio
  • 78,994Assets per employee
  • 3.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 140.80%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 84.54%Net loans and leases to core deposits
  • 102.19%Equity capital to assets
  • 9.32%Core capital (leverage) ratio
  • 7.05%Tier 1 risk-based capital ratio
  • 8.98%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $56,893Average earning assets
  • $4,969Average equity
  • $51,285Average loans

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