FDIC Certificate #: 29999 Status: Active Federal Reserve ID: 729570 Date Established: November 13, 1936 WWW:http://www.mutualsavings.net Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 4516 FDIC's unique #: 42833 Numeric code: 34 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: 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: All Other Specialization < 1 Billion Date of Deposit Insurance: November 13, 1936 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 330 West Carolina Ave, Hartsville, SC 29550 County: Darlington 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): Florence, SC (#22500) CBSA Metro Statistical Area: Florence, SC (#22500)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $42.6 mil Equity capital: $14.2 mil Deposits held in domestic offices: $28.3 mil Return on assets (ROA): 0.00% ($0.0 mil) Quarterly return on assets: 0.08% ($0.0 mil) Return on Equity (ROE): 0.01% ($0.0 mil) Quarterly return on equity: 0.25% ($0.0 mil) Net income: $0.0 mil Quarterly Net income: $0.0 mil Pretax return on assets: -0.22% (-$93.8 mil) Quarterly Pretax return on assets: 0.08% ($34.1 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
12Total employees (full-time equivalent)
$42,614Total assets
$14,263Cash and due from depository institutions
$13,946Interest-bearing balances
$1,631Securities
$0Federal funds sold & reverse repurchase agreements
$23,238Net loans & leases
$463Loan loss allowance
$0Trading account assets
$2,651Bank premises and fixed assets
$59Other real estate owned
$174Goodwill and other intangibles
$42,611Life insurance assets
$598All other assets
$28,365Total liabilities and capital
$28,265Total liabilities
$26,092Total deposits
$28,265Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$100Subordinated debt
$14,246All other liabilities
$14,246Total equity capital
$14,246Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$14,246Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$211Income earned, not collected on loans
$0Earning assets
$156Long-term assets (5+ years)
$38,815Average Assets, year-to-date
$0Average Assets, quarterly
$44,051Volatile liabilities
$42,984Insider loans
$23,922FHLB advances
$42,341Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$13,968Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$6,840Restructured Loans and leases
$987Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,415Total interest income
$138Total interest expense
$1,277Net interest income
$65Provision for loan and lease losses
$92Total noninterest income
$0Fiduciary activities
$95Service charges on deposit accounts
$0Trading account gains & fees
-$3Additional noninterest income
$1,402Total noninterest expense
$817Salaries and employee benefits
$316Premises and equipment expense
$269Additional noninterest expense
-$98Pre-tax net operating income
$0Securities gains (losses)
-$100Applicable income taxes
$2Income before extraordinary items
$0Extraordinary gains - net
$2Net income attributable to bank
$0Net charge-offs
$2Cash dividends
$92Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.53%Yield on earning assets
0.34%Cost of funding earning assets
3.18%Net interest margin
0.23%Noninterest income to earning assets
3.50%Noninterest expense to earning assets
0.00%Net operating income to assets
0.00%Return on assets (ROA)
-0.22%Pretax return on assets
0.01%Return on equity (ROE)
0.01%Retained earnings to average equity (YTD only)
0.39%Net charge-offs to loans
70.65%Credit loss provision to net charge-offs
-0.36%Efficiency ratio
102,411Assets per employee
3.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.95%Loss allowance to noncurrent loans
219.43%Noncurrent assets plus other real estate owned to assets
0.63%Noncurrent loans to loans
0.89%Net loans and leases to deposits
82.21%Net loans and leases to core deposits
90.50%Equity capital to assets
33.43%Core capital (leverage) ratio
32.99%Tier 1 risk-based capital ratio
58.39%Total risk-based capital ratio
Memoranda
$60Average assets
$44,051Average earning assets
$14,259Average equity
$40,105Average loans
List of branches
1 South Carolina Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
42833
Mutual Savings Bank
330 West Carolina Ave, Hartsville, SC 29550
November 13, 1936
Full Service Brick and Mortar
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