South Carolina Community Bank in Columbia, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

South Carolina Community Bank - Overview

  • General
  • FDIC Certificate #: 35241
    Status: Active
    Federal Reserve ID: 2794732
    Bank Holding Company (Regulatory Top Holder): Sccb Financial Corporation (RSSDID: 3334489, Location: Columbia, SC)
    Date Established: March 26, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 76798
    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: March 26, 1999
    Last Structure Change Effective Date: March 28, 2008
    Last Structure Change Process Date: April 15, 2008
    Last Data Update: April 15, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1545 Sumter Street, Columbia, SC 29201
    County: Richland
    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): Columbia, SC (#1760)
    Combined Statistical Area (CSA): Columbia-Newberry, SC (#192)
    Core Based Statistical Area (CBSA): Columbia, SC (#17900)
    CBSA Metro Statistical Area: Columbia, SC (#17900)
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $83.5 mil
    Equity capital: $3.5 mil
    Deposits held in domestic offices: $79.6 mil
    Return on assets (ROA): -1.72% (-$1.4 mil)
    Quarterly return on assets: -2.10% (-$1.8 mil)
    Return on Equity (ROE): -32.65% (-$1.3 mil)
    Quarterly return on equity: -46.48% (-$1.9 mil)
    Net income: -$1.4 mil
    Quarterly Net income: -$0.4 mil
    Pretax return on assets: -1.73% (-$1,445.4 mil)
    Quarterly Pretax return on assets: -2.12% (-$1,771.3 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
  • 37Total employees (full-time equivalent)
  • $83,550Total assets
  • $12,714Cash and due from depository institutions
  • $11,398Interest-bearing balances
  • $10,108Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $52,794Net loans & leases
  • $1,933Loan loss allowance
  • $0Trading account assets
  • $2,299Bank premises and fixed assets
  • $4,203Other real estate owned
  • $0Goodwill and other intangibles
  • $83,550Life insurance assets
  • $1,432All other assets
  • $80,029Total liabilities and capital
  • $79,646Total liabilities
  • $71,010Total deposits
  • $79,646Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $165Trading liabilities
  • $0Other borrowed funds
  • $218Subordinated debt
  • $3,521All other liabilities
  • $3,521Total equity capital
  • $3,521Total bank equity capital
  • $0Perpetual preferred stock
  • $6,031Common stock
  • $1,003Surplus
  • $-3,513Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,479Income earned, not collected on loans
  • $1,030Earning assets
  • $541Long-term assets (5+ years)
  • $74,300Average Assets, year-to-date
  • $5,494Average Assets, quarterly
  • $80,973Volatile liabilities
  • $82,716Insider loans
  • $56,221FHLB advances
  • $83,136Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,513Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,252Restructured Loans and leases
  • $2,201Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,962Total interest income
  • $807Total interest expense
  • $3,155Net interest income
  • $1,215Provision for loan and lease losses
  • $1,429Total noninterest income
  • $0Fiduciary activities
  • $979Service charges on deposit accounts
  • $0Trading account gains & fees
  • $450Additional noninterest income
  • $4,770Total noninterest expense
  • $1,576Salaries and employee benefits
  • $549Premises and equipment expense
  • $2,645Additional noninterest expense
  • -$1,401Pre-tax net operating income
  • $0Securities gains (losses)
  • -$5Applicable income taxes
  • -$1,396Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,396Net income attributable to bank
  • $0Net charge-offs
  • -$1,396Cash dividends
  • $1,497Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.87%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 4.67%Net interest margin
  • 2.12%Noninterest income to earning assets
  • 7.06%Noninterest expense to earning assets
  • -1.72%Net operating income to assets
  • -1.72%Return on assets (ROA)
  • -1.73%Pretax return on assets
  • -32.65%Return on equity (ROE)
  • -32.65%Retained earnings to average equity (YTD only)
  • 2.57%Net charge-offs to loans
  • 81.16%Credit loss provision to net charge-offs
  • -0.12%Efficiency ratio
  • 104,058Assets per employee
  • 2.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.53%Loss allowance to noncurrent loans
  • 35.28%Noncurrent assets plus other real estate owned to assets
  • 11.59%Noncurrent loans to loans
  • 10.01%Net loans and leases to deposits
  • 66.29%Net loans and leases to core deposits
  • 72.23%Equity capital to assets
  • 4.21%Core capital (leverage) ratio
  • 4.23%Tier 1 risk-based capital ratio
  • 6.25%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $80,973Average earning assets
  • $4,275Average equity
  • $67,545Average loans

List of branches

  • 5 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    076798South Carolina Community Bank1545 Sumter Street, Columbia, SC 29201March 26, 1999Full Service Brick and Mortar
    2191337Belt Line Branch4103 West Belt Line Boulevard, Columbia, SC 29204June 22, 1970Full Service Brick and Mortar
    3191338South Main Street Branch201 South Main Street, Sumter, SC 29150October 29, 1970Full Service Brick and Mortar
    4234179Eastover Branch209 Anderson Street, Eastover, SC 29044August 29, 1972Full Service Brick and Mortar
    5481018Orangeburg Office Branch1475 Amelia Street, Orangeburg, SC 29115April 01, 2008Full Service Brick and Mortar

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