Pee Dee Federal Savings Bank in Marion, South Carolina (SC)



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Pee Dee Federal Savings Bank
GeneralFDIC Certificate #: 29582
Status: Active
Federal Reserve ID: 515979
Date Established: December 11, 1935
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 3697
FDIC's unique #: 42416
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: Commercial Lending Specialization
Date of Deposit Insurance: December 11, 1935
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
LocationAddress: 106 East Court Street, Marion, SC 29571
County: Marion
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 ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $41.4 mil
Equity capital: $8.7 mil
Deposits held in domestic offices: $32.1 mil
Return on assets (ROA): -1.71% (-$0.7 mil)
Quarterly return on assets: -0.26% (-$0.1 mil)
Return on Equity (ROE): -7.77% (-$0.7 mil)
Quarterly return on equity: -1.24% (-$0.1 mil)
Net income: -$0.7 mil
Quarterly Net income: -$0.0 mil
Pretax return on assets: -1.42% (-$588.0 mil)
Quarterly Pretax return on assets: -0.45% (-$186.3 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)
Total employees (full-time equivalent)11
Total assets$41,409
Cash and due from depository institutions$14,522
Interest-bearing balances$13,946
Securities$0
Federal funds sold & reverse repurchase agreements$200
Net loans & leases$24,523
Loan loss allowance $625
Trading account assets$0
Bank premises and fixed assets$515
Other real estate owned$926
Goodwill and other intangibles$0
All other assets$723
Life insurance assets$41,409
Total liabilities and capital$32,705
Total liabilities$32,054
Total deposits$31,422
Interest-bearing deposits$32,054
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$113
Other borrowed funds $0
Subordinated debt $538
All other liabilities $8,704
Total equity capital$8,704
Total bank equity capital$8,704
Perpetual preferred stock$0
Common stock$0
Surplus$0
Undivided profits $8,704
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,329
Earning assets $0
Long-term assets (5+ years) $187
Average Assets, year-to-date $38,669
Average Assets, quarterly $0
Volatile liabilities $40,233
Insider loans $41,228
FHLB advances $35,197
Loans and leases held for sale $41,409
Unused loan commitments $329
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $8,704
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,556
Derivatives$1,384
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,870
Total interest expense $286
Net interest income $1,584
Provision for loan and lease losses $517
Total noninterest income $99
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $99
Total noninterest expense $1,739
Salaries and employee benefits $1,044
Premises and equipment expense $349
Additional noninterest expense $346
Pre-tax net operating income -$573
Securities gains (losses) $0
Applicable income taxes $115
Income before extraordinary items -$688
Extraordinary gains - net $0
Net income attributable to bank -$688
Net charge-offs $0
Cash dividends -$688
Sale, conversion, retirement of capital stock, net $125
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.01%
Cost of funding earning assets 0.77%
Net interest margin 4.24%
Noninterest income to earning assets 0.27%
Noninterest expense to earning assets 4.66%
Net operating income to assets -1.71%
Return on assets (ROA) -1.71%
Pretax return on assets -1.42%
Return on equity (ROE) -7.77%
Retained earnings to average equity (YTD only) -7.77%
Net charge-offs to loans 0.48%
Credit loss provision to net charge-offs 413.60%
Efficiency ratio-0.45%
Assets per employee$103,327
Cash dividends to net income (YTD only)3.76%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.49%
Noncurrent assets plus other real estate owned to assets 47.03%
Noncurrent loans to loans 5.09%
Net loans and leases to deposits5.28%
Net loans and leases to core deposits 76.51%
Equity capital to assets 83.05%
Core capital (leverage) ratio 21.02%
Tier 1 risk-based capital ratio 21.02%
Total risk-based capital ratio 24.73%
Memoranda
Average assets$26
Average earning assets$40,233
Average equity $8,854
Average loans $37,329
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2 South Carolina Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
042416Pee Dee Federal Savings Bank106 East Court Street, Marion, SC 29571December 11, 1935Full Service Brick and Mortar
1275679209 West Mcintyre Street Branch209 West Mcintyre Street, Mullins, SC 29574December 11, 1935Full Service Brick and Mortar
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