Pickens Savings and Loan Association, FA in Pickens, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Pickens Savings and Loan Association, FA in Pickens, South Carolina (SC)
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Pickens Savings and Loan Association, FA - Overview

  • General
  • FDIC Certificate #: 31089
    Status: Active
    Federal Reserve ID: 884376
    Date Established: January 01, 1920
    WWW: http://www.pickenssavingsandloan.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 6359
    FDIC's unique #: 43923
    Numeric code: 37
    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: November 10, 1959
    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: 205 E Cedar Rock St, Pickens, SC 29671
    County: Pickens
    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): Greenville-Spartanburg-Anderson, SC (#3160)
    Combined Statistical Area (CSA): Greenville-Spartanburg-Anderson, SC (#273)
    Core Based Statistical Area (CBSA): Greenville-Mauldin-Easley, SC (#24860)
    CBSA Metro Statistical Area: Greenville-Mauldin-Easley, SC (#24860)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $103.6 mil
    Equity capital: $8.2 mil
    Deposits held in domestic offices: $78.9 mil
    Return on assets (ROA): -0.06% (-$0.1 mil)
    Quarterly return on assets: 0.50% ($0.5 mil)
    Return on Equity (ROE): -0.80% (-$0.1 mil)
    Quarterly return on equity: 6.45% ($0.5 mil)
    Net income: -$0.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -0.23% (-$238.2 mil)
    Quarterly Pretax return on assets: 0.82% ($849.2 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
  • 20Total employees (full-time equivalent)
  • $103,566Total assets
  • $4,834Cash and due from depository institutions
  • $560Interest-bearing balances
  • $15,895Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $77,166Net loans & leases
  • $1,252Loan loss allowance
  • $0Trading account assets
  • $593Bank premises and fixed assets
  • $1,001Other real estate owned
  • $0Goodwill and other intangibles
  • $103,566Life insurance assets
  • $4,077All other assets
  • $95,380Total liabilities and capital
  • $78,945Total liabilities
  • $77,345Total deposits
  • $78,945Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $16,100Trading liabilities
  • $0Other borrowed funds
  • $335Subordinated debt
  • $8,186All other liabilities
  • $8,186Total equity capital
  • $8,186Total bank equity capital
  • $0Perpetual preferred stock
  • $373Common stock
  • $5,498Surplus
  • $2,315Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,459Income earned, not collected on loans
  • $0Earning assets
  • $439Long-term assets (5+ years)
  • $93,621Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $104,885Volatile liabilities
  • $104,128Insider loans
  • $71,951FHLB advances
  • $103,454Loans and leases held for sale
  • $1,874Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,074Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,386Restructured Loans and leases
  • $1,711Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,978Total interest income
  • $1,607Total interest expense
  • $3,371Net interest income
  • $1,314Provision for loan and lease losses
  • $279Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $279Additional noninterest income
  • $2,610Total noninterest expense
  • $1,611Salaries and employee benefits
  • $476Premises and equipment expense
  • $523Additional noninterest expense
  • -$274Pre-tax net operating income
  • $29Securities gains (losses)
  • -$178Applicable income taxes
  • -$67Income before extraordinary items
  • $0Extraordinary gains - net
  • -$67Net income attributable to bank
  • $0Net charge-offs
  • -$67Cash dividends
  • $695Sale, conversion, retirement of capital stock, net
  • $143Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.24%Yield on earning assets
  • 1.69%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 2.75%Noninterest expense to earning assets
  • -0.08%Net operating income to assets
  • -0.06%Return on assets (ROA)
  • -0.23%Pretax return on assets
  • -0.80%Return on equity (ROE)
  • -2.52%Retained earnings to average equity (YTD only)
  • 0.86%Net charge-offs to loans
  • 189.06%Credit loss provision to net charge-offs
  • 1.50%Efficiency ratio
  • 71,507Assets per employee
  • 5.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -213.43%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 36.20%Noncurrent assets plus other real estate owned to assets
  • 4.31%Noncurrent loans to loans
  • 4.41%Net loans and leases to deposits
  • 97.75%Net loans and leases to core deposits
  • 98.41%Equity capital to assets
  • 7.90%Core capital (leverage) ratio
  • 7.80%Tier 1 risk-based capital ratio
  • 11.22%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $104,885Average earning assets
  • $8,348Average equity
  • $94,966Average loans

List of branches

  • 1 South Carolina Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043923Pickens Savings And Loan Association, Fa205 E Cedar Rock St, Pickens, SC 29671January 01, 1920Full Service Brick and Mortar

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