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

This bank is inactive as of Febuary 19, 1993

  • South Carolina Federal Savings Bank in Columbia, South Carolina (SC)
  • Show street view No street view available for this location

South Carolina Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 28439
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Union National Bank of South Carolina (#18395)
    Federal Reserve ID: 592073
    Date Established: January 01, 1931
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1592
    FDIC's unique #: 41273
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: December 26, 1934
    Last Structure Change Effective Date: Febuary 19, 1993
    Last Structure Change Process Date: March 01, 1993
    Last Data Update: March 01, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 1500 Hampton 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)
  • Financial Summary
  • Total assets: $824.6 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $369Total assets
  • $824,606Cash and due from depository institutions
  • $35,177Interest-bearing balances
  • $5,392Securities
  • $67,837Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $668,110Loan loss allowance
  • $10,881Trading account assets
  • $0Bank premises and fixed assets
  • $13,048Other real estate owned
  • $20,212Goodwill and other intangibles
  • $15,878Life insurance assets
  • $4,344All other assets
  • $0Total liabilities and capital
  • $824,606Total liabilities
  • $778,938Total deposits
  • $639,657Interest-bearing deposits
  • $579,495Deposits held in domestic offices
  • 639657.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $124,831Subordinated debt
  • $0All other liabilities
  • $14,450Total equity capital
  • $14,450Total bank equity capital
  • $45,668Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $25,362Undivided profits
  • Memoranda
  • $20,305Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,305Income earned, not collected on loans
  • $4,938Earning assets
  • $741,339Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $881,970Average Assets, quarterly
  • $842,419Volatile liabilities
  • $195,008Insider loans
  • $0FHLB advances
  • $116,500Loans and leases held for sale
  • $0Unused loan commitments
  • $118,354Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $44,585Total risk weighted assets
  • $600,029Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $72,791Total interest expense
  • $37,590Net interest income
  • $35,201Provision for loan and lease losses
  • $9,820Total noninterest income
  • $7,416Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $7,416Total noninterest expense
  • $35,774Salaries and employee benefits
  • $13,528Premises and equipment expense
  • $12,113Additional noninterest expense
  • $10,133Pre-tax net operating income
  • -$2,977Securities gains (losses)
  • $2,104Applicable income taxes
  • $2,973Income before extraordinary items
  • -$3,846Extraordinary gains - net
  • $470Net income attributable to bank
  • -$3,376Net charge-offs
  • $4,744Cash dividends
  • $1,819Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.13%Cost of funding earning assets
  • 4.72%Net interest margin
  • 4.42%Noninterest income to earning assets
  • 0.93%Noninterest expense to earning assets
  • 4.49%Net operating income to assets
  • -0.67%Return on assets (ROA)
  • -0.38%Pretax return on assets
  • -0.05%Return on equity (ROE)
  • -6.53%Retained earnings to average equity (YTD only)
  • -10.05%Net charge-offs to loans
  • 0.66%Credit loss provision to net charge-offs
  • 207.00%Efficiency ratio
  • 83,443Assets per employee
  • 2.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -53.88%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 131.02%Noncurrent assets plus other real estate owned to assets
  • 3.45%Noncurrent loans to loans
  • 1.22%Net loans and leases to deposits
  • 104.45%Net loans and leases to core deposits
  • 117.32%Equity capital to assets
  • 5.54%Core capital (leverage) ratio
  • 5.42%Tier 1 risk-based capital ratio
  • 7.43%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $881,970Average earning assets
  • $51,695Average equity
  • $796,892Average loans

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with South Carolina Federal Savings Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents