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

This bank is inactive as of May 11, 1998

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

  • General
  • FDIC Certificate #: 27340
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Regions Bank (#12368)
    Federal Reserve ID: 1216303
    Date Established: September 01, 1988
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    OTS Docket #: 10427
    FDIC's unique #: 39614
    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: September 01, 1988
    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: 235 South Pine Street, Spartanburg, SC 29302
    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: $122.8 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
  • 28Total employees (full-time equivalent)
  • $121,865Total assets
  • $4,605Cash and due from depository institutions
  • $0Interest-bearing balances
  • $11,895Securities
  • $2,790Federal funds sold & reverse repurchase agreements
  • $98,607Net loans & leases
  • $975Loan loss allowance
  • $0Trading account assets
  • $2,444Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,524All other assets
  • $121,865Total liabilities and capital
  • $112,420Total liabilities
  • $109,762Total deposits
  • $97,452Interest-bearing deposits
  • $109,762Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $939Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $550Other borrowed funds
  • $0Subordinated debt
  • $1,169All other liabilities
  • $9,445Total equity capital
  • $9,445Total bank equity capital
  • $9,445Perpetual preferred stock
  • $0Common stock
  • $2,250Surplus
  • $2,250Undivided profits
  • Memoranda
  • $4,945Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,471Earning assets
  • $746Long-term assets (5+ years)
  • $684Average Assets, year-to-date
  • $113,292Average Assets, quarterly
  • $3,583Volatile liabilities
  • $118,500Insider loans
  • $121,718FHLB advances
  • $18,788Loans and leases held for sale
  • $1,732Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $17,278Total unused commitments
  • $0Restructured Loans and leases
  • $95,297Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $10,172Total interest income
  • $5,033Total interest expense
  • $5,139Net interest income
  • $550Provision for loan and lease losses
  • $830Total noninterest income
  • $0Fiduciary activities
  • $342Service charges on deposit accounts
  • $0Trading account gains & fees
  • $488Additional noninterest income
  • $3,464Total noninterest expense
  • $1,257Salaries and employee benefits
  • $436Premises and equipment expense
  • $1,771Additional noninterest expense
  • $1,955Pre-tax net operating income
  • $0Securities gains (losses)
  • $688Applicable income taxes
  • $1,267Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,267Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $510Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.21%Yield on earning assets
  • 4.56%Cost of funding earning assets
  • 4.65%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 3.14%Noninterest expense to earning assets
  • 1.07%Net operating income to assets
  • 1.07%Return on assets (ROA)
  • 1.65%Pretax return on assets
  • 14.75%Return on equity (ROE)
  • 14.75%Retained earnings to average equity (YTD only)
  • 0.53%Net charge-offs to loans
  • 107.84%Credit loss provision to net charge-offs
  • 4.91%Efficiency ratio
  • 58,033Assets per employee
  • 4.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 66.28%Noncurrent assets plus other real estate owned to assets
  • 1.21%Noncurrent loans to loans
  • 1.48%Net loans and leases to deposits
  • 89.84%Net loans and leases to core deposits
  • 107.28%Equity capital to assets
  • 7.75%Core capital (leverage) ratio
  • 7.72%Tier 1 risk-based capital ratio
  • 9.90%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $118,500Average earning assets
  • $8,589Average equity
  • $110,433Average loans

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