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

This bank is inactive as of July 23, 1998

  • Palmetto Federal Savings Bank of South Carolina in Aiken, South Carolina (SC)
  • Show street view No street view available for this location

Palmetto Federal Savings Bank of South Carolina - Overview

  • General
  • FDIC Certificate #: 30524
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Regions Bank (#12368)
    Federal Reserve ID: 527879
    Date Established: December 17, 1951
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 5495
    FDIC's unique #: 43358
    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: December 17, 1951
    Last Structure Change Effective Date: July 23, 1998
    Last Structure Change Process Date: August 04, 1998
    Last Data Update: August 04, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 107 Chesterfield St South, Aiken, SC 29801
    County: Aiken
    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
    Metropolitan Statistical Area (MSA): Augusta-Aiken, GA-SC (#600)
    Core Based Statistical Area (CBSA): Augusta-Richmond County, GA-SC (#12260)
    CBSA Metro Statistical Area: Augusta-Richmond County, GA-SC (#12260)
  • Financial Summary
  • Total assets: $668.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 298Total employees (full-time equivalent)
  • $665,593Total assets
  • $21,505Cash and due from depository institutions
  • $4,132Interest-bearing balances
  • $69,522Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $552,058Net loans & leases
  • $7,180Loan loss allowance
  • $0Trading account assets
  • $5,147Bank premises and fixed assets
  • $4,769Other real estate owned
  • $1,172Goodwill and other intangibles
  • $0Life insurance assets
  • $11,420All other assets
  • $665,593Total liabilities and capital
  • $618,409Total liabilities
  • $584,621Total deposits
  • $547,756Interest-bearing deposits
  • $584,621Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $23,500Other borrowed funds
  • $0Subordinated debt
  • $10,288All other liabilities
  • $47,184Total equity capital
  • $47,184Total bank equity capital
  • $47,184Perpetual preferred stock
  • $0Common stock
  • $1,335Surplus
  • $27,304Undivided profits
  • Memoranda
  • $18,545Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,971Earning assets
  • $0Long-term assets (5+ years)
  • $3,535Average Assets, year-to-date
  • $625,712Average Assets, quarterly
  • $0Volatile liabilities
  • $663,076Insider loans
  • $665,828FHLB advances
  • $118,107Loans and leases held for sale
  • $2,780Unused loan commitments
  • $23,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $99,105Total unused commitments
  • $0Restructured Loans and leases
  • $488,019Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $53,815Total interest income
  • $29,016Total interest expense
  • $24,799Net interest income
  • $3,023Provision for loan and lease losses
  • $4,229Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $631Trading account gains & fees
  • $3,598Additional noninterest income
  • $26,980Total noninterest expense
  • $13,773Salaries and employee benefits
  • $3,709Premises and equipment expense
  • $9,498Additional noninterest expense
  • -$975Pre-tax net operating income
  • $333Securities gains (losses)
  • $210Applicable income taxes
  • -$852Income before extraordinary items
  • $0Extraordinary gains - net
  • -$852Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $4,842Sale, conversion, retirement of capital stock, net
  • $1,400Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.67%Yield on earning assets
  • 4.67%Cost of funding earning assets
  • 3.99%Net interest margin
  • 0.68%Noninterest income to earning assets
  • 4.35%Noninterest expense to earning assets
  • -0.18%Net operating income to assets
  • -0.13%Return on assets (ROA)
  • -0.10%Pretax return on assets
  • -1.70%Return on equity (ROE)
  • -4.50%Retained earnings to average equity (YTD only)
  • 0.88%Net charge-offs to loans
  • 62.43%Credit loss provision to net charge-offs
  • 0.42%Efficiency ratio
  • 92,945Assets per employee
  • 2.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -164.32%Loss allowance to loans
  • 1.28%Loss allowance to noncurrent loans
  • 241.67%Noncurrent assets plus other real estate owned to assets
  • 0.88%Noncurrent loans to loans
  • 0.53%Net loans and leases to deposits
  • 94.43%Net loans and leases to core deposits
  • 112.66%Equity capital to assets
  • 7.09%Core capital (leverage) ratio
  • 6.86%Tier 1 risk-based capital ratio
  • 9.34%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $663,076Average earning assets
  • $49,991Average equity
  • $620,815Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Palmetto Federal Savings Bank of South Carolina.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents