Pinnacle State Bank in Woodruff, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 16, 2003

  • Pinnacle State Bank in Woodruff, South Carolina (SC)
  • Show street view No street view available for this location

Pinnacle State Bank - Overview

  • General
  • FDIC Certificate #: 14067
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Arthur State Bank (#15085)
    Federal Reserve ID: 596026
    Date Established: March 01, 1934
    WWW: http://www.affiliatedbanks.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 11667
    FDIC's unique #: 8792
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 16, 1934
    Last Structure Change Effective Date: October 16, 2003
    Last Structure Change Process Date: October 30, 2003
    Last Data Update: October 30, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Woodruff, SC 29388
    County: Spartanburg
    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): Spartanburg, SC (#43900)
    CBSA Metro Statistical Area: Spartanburg, SC (#43900)
  • Financial Summary
  • Total assets: $64.7 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, 2002)

  • Dollar figures in thousands
  • 31Total employees (full-time equivalent)
  • $59,714Total assets
  • $4,035Cash and due from depository institutions
  • $20Interest-bearing balances
  • $7,237Securities
  • $300Federal funds sold & reverse repurchase agreements
  • $46,024Net loans & leases
  • $715Loan loss allowance
  • $0Trading account assets
  • $1,265Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $853All other assets
  • $59,714Total liabilities and capital
  • $51,559Total liabilities
  • $48,059Total deposits
  • $33,940Interest-bearing deposits
  • $48,059Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,391Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $109All other liabilities
  • $8,155Total equity capital
  • $8,155Total bank equity capital
  • $8,155Perpetual preferred stock
  • $0Common stock
  • $1,200Surplus
  • $3,900Undivided profits
  • Memoranda
  • $3,055Noncurrent loans and leases
  • $9,913Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $321Average Assets, year-to-date
  • $53,581Average Assets, quarterly
  • $8,577Volatile liabilities
  • $60,382Insider loans
  • $60,695FHLB advances
  • $8,581Loans and leases held for sale
  • $229Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,913Total unused commitments
  • $0Restructured Loans and leases
  • $630Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $3,679Total interest income
  • $608Total interest expense
  • $3,071Net interest income
  • $100Provision for loan and lease losses
  • $1,154Total noninterest income
  • $0Fiduciary activities
  • $1,049Service charges on deposit accounts
  • $0Trading account gains & fees
  • $105Additional noninterest income
  • $2,455Total noninterest expense
  • $1,148Salaries and employee benefits
  • $351Premises and equipment expense
  • $956Additional noninterest expense
  • $1,670Pre-tax net operating income
  • $0Securities gains (losses)
  • $546Applicable income taxes
  • $1,124Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,124Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $20Sale, conversion, retirement of capital stock, net
  • $948Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.76%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 5.64%Net interest margin
  • 2.12%Noninterest income to earning assets
  • 4.51%Noninterest expense to earning assets
  • 1.86%Net operating income to assets
  • 1.86%Return on assets (ROA)
  • 2.77%Pretax return on assets
  • 13.72%Return on equity (ROE)
  • 2.15%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 500.00%Credit loss provision to net charge-offs
  • 88.50%Efficiency ratio
  • 58,107Assets per employee
  • 1.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 84.34%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 95.77%Net loans and leases to core deposits
  • 107.36%Equity capital to assets
  • 13.66%Core capital (leverage) ratio
  • 13.28%Tier 1 risk-based capital ratio
  • 15.99%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $60,382Average earning assets
  • $8,193Average equity
  • $54,460Average loans

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

CAPTCHA

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