Palmetto State Bank in city_name, state_name - Detailed Financial Reports, Location

Palmetto State Bank in Hampton, South Carolina (SC)
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Palmetto State Bank routing number info

Palmetto State Bank - Overview

General
FDIC Certificate #: 17563
Status: Active
Federal Reserve ID: 277820
Bank Holding Company (Regulatory Top Holder): Palmetto State Bankshares, Inc. (RSSDID: 1076329, Location: Hampton, SC)
Date Established: January 01, 1907
WWW: http://www.palmettostatebank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 9 (Domestic: 9, Interstate: No)
OTS Docket #: 12235
FDIC's unique #: 11537
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: December 28, 1955
Last Structure Change Effective Date: Febuary 17, 2007
Last Structure Change Process Date: March 07, 2007
Last Data Update: March 07, 2007
Data Source Date: April 05, 2012
Location
Address: 601 First Street, West, Hampton, SC 29924
County: Hampton
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
History of Changes
Participated in Absorption/Consolidation/Merger
Financial Summary
Total assets: $426.7 mil
Equity capital: $59.3 mil
Deposits held in domestic offices: $341.3 mil
Return on assets (ROA): 0.78% ($3.3 mil)
Quarterly return on assets: 0.23% ($1.0 mil)
Return on Equity (ROE): 6.33% ($3.7 mil)
Quarterly return on equity: 1.75% ($1.0 mil)
Net income: $3.6 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.03% ($4,395.3 mil)
Quarterly Pretax return on assets: -0.08% (-$341.4 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
90Total employees (full-time equivalent)
$426,729Total assets
$13,719Cash and due from depository institutions
$224Interest-bearing balances
$210,380Securities
$5,219Federal funds sold & reverse repurchase agreements
$178,142Net loans & leases
$3,492Loan loss allowance
$0Trading account assets
$2,132Bank premises and fixed assets
$5,464Other real estate owned
$0Goodwill and other intangibles
$426,729Life insurance assets
$11,673All other assets
$367,408Total liabilities and capital
$341,303Total liabilities
$326,000Total deposits
$341,303Interest-bearing deposits
$79Deposits held in domestic offices
9706.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$15,000Trading liabilities
$0Other borrowed funds
$1,399Subordinated debt
$59,321All other liabilities
$59,321Total equity capital
$59,321Total bank equity capital
$0Perpetual preferred stock
$600Common stock
$14,300Surplus
$44,421Undivided profits
Memoranda
$0Noncurrent loans and leases
$676Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,703Income earned, not collected on loans
$0Earning assets
$2,994Long-term assets (5+ years)
$393,965Average Assets, year-to-date
$215,860Average Assets, quarterly
$468,610Volatile liabilities
$447,520Insider loans
$256,870FHLB advances
$471,686Loans and leases held for sale
$5,803Unused loan commitments
$0Tier 1 (core) risk-based capital
$58,514Tier 2 risk-based capital
$5,803Total risk weighted assets
$0Total unused commitments
$19,031Restructured Loans and leases
$479Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$19,385Total interest income
$2,747Total interest expense
$16,638Net interest income
$4,920Provision for loan and lease losses
$2,770Total noninterest income
$0Fiduciary activities
$1,435Service charges on deposit accounts
$0Trading account gains & fees
$1,335Additional noninterest income
$9,656Total noninterest expense
$5,563Salaries and employee benefits
$1,405Premises and equipment expense
$2,688Additional noninterest expense
$4,832Pre-tax net operating income
$0Securities gains (losses)
$1,185Applicable income taxes
$3,647Income before extraordinary items
$0Extraordinary gains - net
$3,647Net income attributable to bank
$0Net charge-offs
$3,647Cash dividends
$4,872Sale, conversion, retirement of capital stock, net
$2,200Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.40%Yield on earning assets
0.62%Cost of funding earning assets
3.78%Net interest margin
0.63%Noninterest income to earning assets
2.19%Noninterest expense to earning assets
0.78%Net operating income to assets
0.78%Return on assets (ROA)
1.03%Pretax return on assets
6.33%Return on equity (ROE)
2.51%Retained earnings to average equity (YTD only)
2.54%Net charge-offs to loans
100.99%Credit loss provision to net charge-offs
2.00%Efficiency ratio
48,207Assets per employee
4.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
60.32%Loss allowance to loans
1.92%Loss allowance to noncurrent loans
129.19%Noncurrent assets plus other real estate owned to assets
1.91%Noncurrent loans to loans
1.49%Net loans and leases to deposits
52.19%Net loans and leases to core deposits
61.57%Equity capital to assets
13.90%Core capital (leverage) ratio
12.41%Tier 1 risk-based capital ratio
22.78%Total risk-based capital ratio
Memoranda
$24Average assets
$468,610Average earning assets
$57,572Average equity
$440,144Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$16,586Managed Assets
1Number of Accounts
$12,606Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$12,606Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
2Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$274Employee benefit-defined benefit accounts
$3,980Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

9 South Carolina Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	11537	Palmetto State Bank	601 First Street, West, Hampton, SC 29924	January 01, 1907	Full Service Brick and Mortar
1	242221	West End Branch	U.S. Highway 278 & S.C. Highway 363, Hampton, SC 29924	March 01, 1973	Limited Service Facility
2	242222	Bluffton Branch	Highway 46 And S.C. Road S-7-586, Bluffton, SC 29910	November 27, 1981	Full Service Brick and Mortar
4	221587	Burton Branch	U.S. Highway 21 And West Avenue, Burton, SC 29902	April 20, 1977	Full Service Brick and Mortar
6	242224	Lady's Island Branch	145 Lady's Island Drive, Lady's Island, SC 29902	March 10, 1999	Full Service Brick and Mortar
8	9211	Estill Branch	106 East 3rd Street, Estill, SC 29918	January 01, 1934	Full Service Brick and Mortar
9	9407	Allendale Branch	Main Street, Allendale, SC 29810	January 26, 1935	Full Service Brick and Mortar
10	232746	Drive-In Branch	Bay Street, Allendale, SC 29810	December 10, 1975	Limited Service Facility
11	232747	Fairfax Branch	Seventh Street And Charleston Avenue, Fairfax, SC 29827	November 16, 1981	Full Service Brick and Mortar

Palmetto State Bank in Hampton, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

Palmetto State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

Palmetto State Bank in Hampton, South Carolina (SC)Overview, Financial Summary, Detailed Financial Reports, Branches

Palmetto State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

Palmetto State Bank in Hampton, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches