Savannah River Banking Company in Aiken, South Carolina (SC), GA
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Savannah River Banking Company in Aiken, South Carolina (SC), GA
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Savannah River Banking Company - Overview

  • General
  • FDIC Certificate #: 58515
    Status: Active
    Federal Reserve ID: 3620883
    Bank Holding Company (Regulatory Top Holder): Savannah River Financial Corporation (RSSDID: 3839984, Location: Augusta, GA)
    Date Established: August 01, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: Yes)
    OTS Docket #: 18036
    FDIC's unique #: 455087
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 01, 2007
    Last Structure Change Effective Date: July 29, 2011
    Last Structure Change Process Date: August 15, 2011
    Last Data Update: August 15, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 407 Silver Bluff Road, Aiken, SC 29803
    County: Aiken
    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): Augusta-Aiken, GA-SC (#600)
    Core Based Statistical Area (CBSA): Augusta-Richmond County, GA-SC (#12260)
    CBSA Metro Statistical Area: Augusta-Richmond County, GA-SC (#12260)
  • History of Changes
  • Change in Primary Regulatory Agency
    Change in Entity Type
    Change in Supervisory Agency
  • Financial Summary
  • Total assets: $154.9 mil
    Equity capital: $20.9 mil
    Deposits held in domestic offices: $126.3 mil
    Return on assets (ROA): 0.41% ($0.6 mil)
    Quarterly return on assets: 0.36% ($0.6 mil)
    Return on Equity (ROE): 2.97% ($0.6 mil)
    Quarterly return on equity: 2.63% ($0.6 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.69% ($1,068.9 mil)
    Quarterly Pretax return on assets: 0.72% ($1,115.4 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
  • 27Total employees (full-time equivalent)
  • $154,913Total assets
  • $4,142Cash and due from depository institutions
  • $1,524Interest-bearing balances
  • $27,195Securities
  • $15,130Federal funds sold & reverse repurchase agreements
  • $99,705Net loans & leases
  • $1,621Loan loss allowance
  • $0Trading account assets
  • $6,811Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $154,913Life insurance assets
  • $1,930All other assets
  • $133,973Total liabilities and capital
  • $126,333Total liabilities
  • $118,595Total deposits
  • $126,333Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,000Trading liabilities
  • $0Other borrowed funds
  • $640Subordinated debt
  • $20,940All other liabilities
  • $20,940Total equity capital
  • $20,940Total bank equity capital
  • $0Perpetual preferred stock
  • $2,250Common stock
  • $19,920Surplus
  • $-1,230Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $195Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $113Income earned, not collected on loans
  • $0Earning assets
  • $440Long-term assets (5+ years)
  • $143,554Average Assets, year-to-date
  • $27,999Average Assets, quarterly
  • $147,976Volatile liabilities
  • $150,798Insider loans
  • $112,723FHLB advances
  • $145,887Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $19,894Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,232Restructured Loans and leases
  • $12,694Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,143Total interest income
  • $1,521Total interest expense
  • $4,622Net interest income
  • $250Provision for loan and lease losses
  • $241Total noninterest income
  • $0Fiduciary activities
  • $65Service charges on deposit accounts
  • $0Trading account gains & fees
  • $176Additional noninterest income
  • $3,594Total noninterest expense
  • $2,152Salaries and employee benefits
  • $557Premises and equipment expense
  • $885Additional noninterest expense
  • $1,019Pre-tax net operating income
  • $0Securities gains (losses)
  • $414Applicable income taxes
  • $605Income before extraordinary items
  • $0Extraordinary gains - net
  • $605Net income attributable to bank
  • $0Net charge-offs
  • $605Cash dividends
  • $43Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.50%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 3.38%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 2.63%Noninterest expense to earning assets
  • 0.41%Net operating income to assets
  • 0.41%Return on assets (ROA)
  • 0.69%Pretax return on assets
  • 2.97%Return on equity (ROE)
  • 2.97%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 581.40%Credit loss provision to net charge-offs
  • 29.51%Efficiency ratio
  • 73,905Assets per employee
  • 5.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 1434.51%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.11%Net loans and leases to deposits
  • 78.92%Net loans and leases to core deposits
  • 85.79%Equity capital to assets
  • 13.52%Core capital (leverage) ratio
  • 13.64%Tier 1 risk-based capital ratio
  • 17.65%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $147,976Average earning assets
  • $20,344Average equity
  • $136,625Average loans

List of branches

  • 1 Georgia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    2522274Augusta Branch3638 Walton Way Extension, Augusta, GA 30909April 12, 2011Full Service Brick and Mortar
  • 1 South Carolina Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0455087Savannah River Banking Company407 Silver Bluff Road, Aiken, SC 29803August 01, 2007Full Service Brick and Mortar

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