Mutual Savings Bank in Hartsville, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Mutual Savings Bank in Hartsville, South Carolina (SC)
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Mutual Savings Bank - Overview

  • General
  • 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
  • NoIDNameAddressEstablishedService TypeMap
    042833Mutual Savings Bank330 West Carolina Ave, Hartsville, SC 29550November 13, 1936Full Service Brick and Mortar

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