Seneca National Bank in Seneca, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches


Seneca National Bank - Overview

  • General
  • FDIC Certificate #: 35079
    Status: Active
    Federal Reserve ID: 2757906
    Bank Holding Company (Regulatory Top Holder): Peoples Bancorporation, Inc. (RSSDID: 1974443, Location: Easley, SC)
    Date Established: Febuary 05, 1999
    WWW: http://www.senecanb.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 74654
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 05, 1999
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 Bypass 123, Seneca, SC 29678
    County: Oconee
    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
    Combined Statistical Area (CSA): Greenville-Spartanburg-Anderson, SC (#273)
    Core Based Statistical Area (CBSA): Seneca, SC (#42860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $79.6 mil
    Equity capital: $8.0 mil
    Deposits held in domestic offices: $69.0 mil
    Return on assets (ROA): 0.70% ($0.6 mil)
    Quarterly return on assets: 0.94% ($0.8 mil)
    Return on Equity (ROE): 7.19% ($0.6 mil)
    Quarterly return on equity: 9.23% ($0.7 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.77% ($613.0 mil)
    Quarterly Pretax return on assets: 1.05% ($835.8 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
  • 16Total employees (full-time equivalent)
  • $79,604Total assets
  • $1,324Cash and due from depository institutions
  • $1Interest-bearing balances
  • $32,114Securities
  • $1,137Federal funds sold & reverse repurchase agreements
  • $40,630Net loans & leases
  • $860Loan loss allowance
  • $27Trading account assets
  • $765Bank premises and fixed assets
  • $593Other real estate owned
  • $0Goodwill and other intangibles
  • $79,604Life insurance assets
  • $3,014All other assets
  • $71,560Total liabilities and capital
  • $69,046Total liabilities
  • $62,850Total deposits
  • $69,046Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 2230.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $284Subordinated debt
  • $8,044All other liabilities
  • $8,044Total equity capital
  • $8,044Total bank equity capital
  • $0Perpetual preferred stock
  • $2,500Common stock
  • $2,452Surplus
  • $3,092Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $749Income earned, not collected on loans
  • $0Earning assets
  • $386Long-term assets (5+ years)
  • $73,909Average Assets, year-to-date
  • $38,894Average Assets, quarterly
  • $77,543Volatile liabilities
  • $79,386Insider loans
  • $48,764FHLB advances
  • $77,583Loans and leases held for sale
  • $1,668Unused loan commitments
  • $1,215Tier 1 (core) risk-based capital
  • $6,614Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $453Total unused commitments
  • $13,683Restructured Loans and leases
  • $5,050Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,445Total interest income
  • $844Total interest expense
  • $2,601Net interest income
  • $210Provision for loan and lease losses
  • $319Total noninterest income
  • $0Fiduciary activities
  • $115Service charges on deposit accounts
  • $14Trading account gains & fees
  • $190Additional noninterest income
  • $2,116Total noninterest expense
  • $1,076Salaries and employee benefits
  • $144Premises and equipment expense
  • $896Additional noninterest expense
  • $594Pre-tax net operating income
  • $2Securities gains (losses)
  • $56Applicable income taxes
  • $540Income before extraordinary items
  • $0Extraordinary gains - net
  • $540Net income attributable to bank
  • $0Net charge-offs
  • $540Cash dividends
  • $20Sale, conversion, retirement of capital stock, net
  • $250Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.82%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 3.64%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 2.96%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 0.77%Pretax return on assets
  • 7.19%Return on equity (ROE)
  • 3.86%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 1050.00%Credit loss provision to net charge-offs
  • 40.20%Efficiency ratio
  • 72,466Assets per employee
  • 4.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.30%Loss allowance to loans
  • 2.07%Loss allowance to noncurrent loans
  • 114.82%Noncurrent assets plus other real estate owned to assets
  • 1.69%Noncurrent loans to loans
  • 1.81%Net loans and leases to deposits
  • 58.84%Net loans and leases to core deposits
  • 62.83%Equity capital to assets
  • 10.11%Core capital (leverage) ratio
  • 8.53%Tier 1 risk-based capital ratio
  • 13.56%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $77,543Average earning assets
  • $7,512Average equity
  • $71,519Average loans

List of branches

  • 2 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    074654Seneca National Bank201 Bypass 123, Seneca, SC 29678Febuary 05, 1999Full Service Brick and Mortar
    1505877Seneca National Bank Courier Service201 Bypass 123, Seneca, SC 29678Febuary 03, 2010Limited Service Mobile

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