Regions Bank, National Association in Anderson, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 11, 1998

  • Regions Bank, National Association in Anderson, South Carolina (SC)
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Regions Bank, National Association - Overview

  • General
  • FDIC Certificate #: 25244
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Regions Bank (#12368)
    Federal Reserve ID: 223023
    Date Established: June 29, 1984
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    OTS Docket #: 11915
    FDIC's unique #: 17452
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: June 29, 1984
    Last Structure Change Effective Date: May 11, 1998
    Last Structure Change Process Date: June 09, 1998
    Last Data Update: June 09, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 304 Main Street, Anderson, SC 29621
    County: Anderson
    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): Anderson, SC (#11340)
    CBSA Metro Statistical Area: Anderson, SC (#11340)
  • Financial Summary
  • Total assets: $169.7 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
  • 31Total employees (full-time equivalent)
  • $120,428Total assets
  • $4,278Cash and due from depository institutions
  • $0Interest-bearing balances
  • $14,334Securities
  • $4,950Federal funds sold & reverse repurchase agreements
  • $92,540Net loans & leases
  • $985Loan loss allowance
  • $0Trading account assets
  • $2,530Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,796All other assets
  • $120,428Total liabilities and capital
  • $111,085Total liabilities
  • $105,101Total deposits
  • $92,505Interest-bearing deposits
  • $105,101Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,078Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,200Other borrowed funds
  • $0Subordinated debt
  • $1,706All other liabilities
  • $9,343Total equity capital
  • $9,343Total bank equity capital
  • $9,343Perpetual preferred stock
  • $0Common stock
  • $1,750Surplus
  • $2,040Undivided profits
  • Memoranda
  • $5,553Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $562Earning assets
  • $343Long-term assets (5+ years)
  • $753Average Assets, year-to-date
  • $111,824Average Assets, quarterly
  • $5,272Volatile liabilities
  • $114,886Insider loans
  • $119,179FHLB advances
  • $21,525Loans and leases held for sale
  • $1,776Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $18,841Total unused commitments
  • $0Restructured Loans and leases
  • $93,430Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $10,297Total interest income
  • $4,532Total interest expense
  • $5,765Net interest income
  • $315Provision for loan and lease losses
  • $793Total noninterest income
  • $0Fiduciary activities
  • $412Service charges on deposit accounts
  • $0Trading account gains & fees
  • $381Additional noninterest income
  • $3,775Total noninterest expense
  • $1,519Salaries and employee benefits
  • $402Premises and equipment expense
  • $1,854Additional noninterest expense
  • $2,468Pre-tax net operating income
  • $0Securities gains (losses)
  • $839Applicable income taxes
  • $1,629Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,629Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $174Sale, conversion, retirement of capital stock, net
  • $150Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.69%Yield on earning assets
  • 4.27%Cost of funding earning assets
  • 5.43%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 3.55%Noninterest expense to earning assets
  • 1.42%Net operating income to assets
  • 1.42%Return on assets (ROA)
  • 2.15%Pretax return on assets
  • 18.93%Return on equity (ROE)
  • 17.19%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 181.03%Credit loss provision to net charge-offs
  • 15.99%Efficiency ratio
  • 57,563Assets per employee
  • 3.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 9.21%Loss allowance to loans
  • 1.05%Loss allowance to noncurrent loans
  • 175.27%Noncurrent assets plus other real estate owned to assets
  • 0.47%Noncurrent loans to loans
  • 0.60%Net loans and leases to deposits
  • 88.05%Net loans and leases to core deposits
  • 108.04%Equity capital to assets
  • 7.76%Core capital (leverage) ratio
  • 7.88%Tier 1 risk-based capital ratio
  • 10.00%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $114,886Average earning assets
  • $8,606Average equity
  • $106,226Average loans

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