Oconee Federal Savings and Loan Association in Seneca, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Oconee Federal Savings and Loan Association in Seneca, South Carolina (SC)
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Oconee Federal Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 30111
    Status: Active
    Federal Reserve ID: 853671
    Date Established: January 01, 1924
    WWW: http://www.oconeefederal.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 4769
    FDIC's unique #: 42945
    Numeric code: 38
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: September 26, 1940
    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: 115 East North 2nd Street, Seneca, SC 29678
    County: Oconee
    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): Greenville-Spartanburg-Anderson, SC (#273)
    Core Based Statistical Area (CBSA): Seneca, SC (#42860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $375.7 mil
    Equity capital: $72.9 mil
    Deposits held in domestic offices: $299.2 mil
    Return on assets (ROA): 0.71% ($2.7 mil)
    Quarterly return on assets: 1.00% ($3.8 mil)
    Return on Equity (ROE): 3.83% ($2.8 mil)
    Quarterly return on equity: 5.16% ($3.8 mil)
    Net income: $2.7 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.13% ($4,246.0 mil)
    Quarterly Pretax return on assets: 1.59% ($5,974.4 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, 2011)

  • Dollar figures in thousands
  • 44Total employees (full-time equivalent)
  • $375,748Total assets
  • $59,056Cash and due from depository institutions
  • $55,464Interest-bearing balances
  • $51,098Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $257,616Net loans & leases
  • $706Loan loss allowance
  • $0Trading account assets
  • $3,243Bank premises and fixed assets
  • $1,339Other real estate owned
  • $0Goodwill and other intangibles
  • $375,748Life insurance assets
  • $3,396All other assets
  • $302,833Total liabilities and capital
  • $299,220Total liabilities
  • $290,247Total deposits
  • $299,220Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,420Trading liabilities
  • $0Other borrowed funds
  • $1,193Subordinated debt
  • $72,915All other liabilities
  • $72,915Total equity capital
  • $72,915Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $11,142Surplus
  • $61,772Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,363Income earned, not collected on loans
  • $0Earning assets
  • $1,150Long-term assets (5+ years)
  • $364,178Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $374,681Volatile liabilities
  • $375,431Insider loans
  • $189,732FHLB advances
  • $375,441Loans and leases held for sale
  • $1,146Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $72,724Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,611Restructured Loans and leases
  • $821Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,340Total interest income
  • $4,105Total interest expense
  • $11,235Net interest income
  • $281Provision for loan and lease losses
  • -$75Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$75Additional noninterest income
  • $6,700Total noninterest expense
  • $2,781Salaries and employee benefits
  • $1,046Premises and equipment expense
  • $2,873Additional noninterest expense
  • $4,179Pre-tax net operating income
  • $60Securities gains (losses)
  • $1,584Applicable income taxes
  • $2,655Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,655Net income attributable to bank
  • $0Net charge-offs
  • $2,655Cash dividends
  • $269Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.23%Yield on earning assets
  • 1.13%Cost of funding earning assets
  • 3.10%Net interest margin
  • -0.02%Noninterest income to earning assets
  • 1.85%Noninterest expense to earning assets
  • 0.70%Net operating income to assets
  • 0.71%Return on assets (ROA)
  • 1.13%Pretax return on assets
  • 3.83%Return on equity (ROE)
  • 3.83%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 104.46%Credit loss provision to net charge-offs
  • 16.58%Efficiency ratio
  • 60,036Assets per employee
  • 8.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.27%Loss allowance to noncurrent loans
  • 51.80%Noncurrent assets plus other real estate owned to assets
  • 0.72%Noncurrent loans to loans
  • 0.53%Net loans and leases to deposits
  • 86.10%Net loans and leases to core deposits
  • 88.42%Equity capital to assets
  • 19.41%Core capital (leverage) ratio
  • 19.37%Tier 1 risk-based capital ratio
  • 38.33%Total risk-based capital ratio
  • Memoranda
  • $39Average assets
  • $374,681Average earning assets
  • $69,314Average equity
  • $362,945Average loans

List of branches

  • 4 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042945Oconee Federal Savings And Loan Asso115 East North 2nd Street, Seneca, SC 29678January 01, 1924Full Service Brick and Mortar
    1278676Broad Street Branch204 W North Broad St, Walhalla, SC 29691January 01, 1924Full Service Brick and Mortar
    2278677111 West Windsor Street Branch111 West Windsor Street, Westminster, SC 29693January 01, 1924Full Service Brick and Mortar
    100278678813-123 By-Pass Branch813-123 By-Pass, Seneca, SC 29678June 30, 1986Full Service Brick and Mortar

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