Newberry Federal Savings Bank in Newberry, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 2004

  • Newberry Federal Savings Bank in Newberry, South Carolina (SC)
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Newberry Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29554
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Community Bank, National Association (#34047)
    Federal Reserve ID: 328076
    Date Established: November 11, 1935
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3652
    FDIC's unique #: 42388
    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: November 11, 1935
    Last Structure Change Effective Date: October 01, 2004
    Last Structure Change Process Date: October 15, 2004
    Last Data Update: October 15, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 1735 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: $190.4 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, 2003)

  • Dollar figures in thousands
  • 39Total employees (full-time equivalent)
  • $225,601Total assets
  • $11,381Cash and due from depository institutions
  • $8,127Interest-bearing balances
  • $140,784Securities
  • $2,960Federal funds sold & reverse repurchase agreements
  • $57,096Net loans & leases
  • $371Loan loss allowance
  • $0Trading account assets
  • $3,115Bank premises and fixed assets
  • $36Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $10,229All other assets
  • $225,601Total liabilities and capital
  • $194,872Total liabilities
  • $143,378Total deposits
  • $136,360Interest-bearing deposits
  • $143,378Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $14,621Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $35,000Other borrowed funds
  • $0Subordinated debt
  • $1,873All other liabilities
  • $30,729Total equity capital
  • $30,729Total bank equity capital
  • $30,729Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $13,273Undivided profits
  • Memoranda
  • $17,456Noncurrent loans and leases
  • $10,266Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $949Earning assets
  • $0Long-term assets (5+ years)
  • $885Average Assets, year-to-date
  • $208,967Average Assets, quarterly
  • $0Volatile liabilities
  • $224,242Insider loans
  • $230,096FHLB advances
  • $89,726Loans and leases held for sale
  • $470Unused loan commitments
  • $35,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $10,266Total unused commitments
  • $375Restructured Loans and leases
  • $371Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $10,820Total interest income
  • $4,534Total interest expense
  • $6,286Net interest income
  • $195Provision for loan and lease losses
  • $2,405Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,405Additional noninterest income
  • $6,564Total noninterest expense
  • $2,803Salaries and employee benefits
  • $987Premises and equipment expense
  • $2,774Additional noninterest expense
  • $1,932Pre-tax net operating income
  • $2,130Securities gains (losses)
  • $385Applicable income taxes
  • $3,677Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,677Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $142Sale, conversion, retirement of capital stock, net
  • $5,000Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.21%Yield on earning assets
  • 2.18%Cost of funding earning assets
  • 3.03%Net interest margin
  • 1.16%Noninterest income to earning assets
  • 3.16%Noninterest expense to earning assets
  • 0.78%Net operating income to assets
  • 1.64%Return on assets (ROA)
  • 1.81%Pretax return on assets
  • 12.23%Return on equity (ROE)
  • -4.40%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 137.32%Credit loss provision to net charge-offs
  • 14.98%Efficiency ratio
  • 75,526Assets per employee
  • 5.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 135.98%Loss allowance to loans
  • 0.65%Loss allowance to noncurrent loans
  • 39.09%Noncurrent assets plus other real estate owned to assets
  • 0.42%Noncurrent loans to loans
  • 1.65%Net loans and leases to deposits
  • 39.82%Net loans and leases to core deposits
  • 55.29%Equity capital to assets
  • 13.62%Core capital (leverage) ratio
  • 14.44%Tier 1 risk-based capital ratio
  • 17.78%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $224,242Average earning assets
  • $30,073Average equity
  • $207,655Average loans

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