SouthBank in Anderson, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 19, 2001

  • SouthBank in Anderson, South Carolina (SC)
  • Show street view No street view available for this location

SouthBank - Overview

  • General
  • FDIC Certificate #: 28855
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Central Carolina Bank and Trust Company (#2033)
    Federal Reserve ID: 400570
    Date Established: January 01, 1906
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2497
    FDIC's unique #: 41689
    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: Febuary 21, 1938
    Last Structure Change Effective Date: November 19, 2001
    Last Structure Change Process Date: December 05, 2001
    Last Data Update: December 05, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 907 North Main Street, Anderson, SC 29622
    County: Anderson
    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): Anderson, SC (#11340)
    CBSA Metro Statistical Area: Anderson, SC (#11340)
  • Financial Summary
  • Total assets: $644.2 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 70Total employees (full-time equivalent)
  • $367,802Total assets
  • $15,382Cash and due from depository institutions
  • $10,264Interest-bearing balances
  • $64,172Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $259,231Net loans & leases
  • $2,502Loan loss allowance
  • $0Trading account assets
  • $5,979Bank premises and fixed assets
  • $3,493Other real estate owned
  • $127Goodwill and other intangibles
  • $0Life insurance assets
  • $19,418All other assets
  • $367,802Total liabilities and capital
  • $329,251Total liabilities
  • $225,896Total deposits
  • $213,974Interest-bearing deposits
  • $225,896Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $20,435Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $77,711Other borrowed funds
  • $0Subordinated debt
  • $5,209All other liabilities
  • $38,551Total equity capital
  • $38,551Total bank equity capital
  • $38,551Perpetual preferred stock
  • $0Common stock
  • $43Surplus
  • $36,327Undivided profits
  • Memoranda
  • $2,181Noncurrent loans and leases
  • $62,312Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,613Earning assets
  • $0Long-term assets (5+ years)
  • $2,251Average Assets, year-to-date
  • $333,667Average Assets, quarterly
  • $0Volatile liabilities
  • $371,421Insider loans
  • $370,537FHLB advances
  • $130,689Loans and leases held for sale
  • $0Unused loan commitments
  • $77,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $62,312Total unused commitments
  • $1,273Restructured Loans and leases
  • $2,662Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $27,055Total interest income
  • $16,378Total interest expense
  • $10,677Net interest income
  • $1,300Provision for loan and lease losses
  • $6,002Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,002Additional noninterest income
  • $10,241Total noninterest expense
  • $5,044Salaries and employee benefits
  • $2,364Premises and equipment expense
  • $2,833Additional noninterest expense
  • $5,138Pre-tax net operating income
  • -$2,701Securities gains (losses)
  • $650Applicable income taxes
  • $1,787Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,787Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,456Sale, conversion, retirement of capital stock, net
  • $18,000Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.07%Yield on earning assets
  • 4.88%Cost of funding earning assets
  • 3.18%Net interest margin
  • 1.79%Noninterest income to earning assets
  • 3.05%Noninterest expense to earning assets
  • 1.01%Net operating income to assets
  • 0.48%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 4.54%Return on equity (ROE)
  • -41.19%Retained earnings to average equity (YTD only)
  • 0.54%Net charge-offs to loans
  • 89.29%Credit loss provision to net charge-offs
  • 4.42%Efficiency ratio
  • 61,401Assets per employee
  • 5.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 1007.27%Loss allowance to loans
  • 0.96%Loss allowance to noncurrent loans
  • 69.25%Noncurrent assets plus other real estate owned to assets
  • 1.33%Noncurrent loans to loans
  • 1.38%Net loans and leases to deposits
  • 114.76%Net loans and leases to core deposits
  • 134.07%Equity capital to assets
  • 10.48%Core capital (leverage) ratio
  • 9.84%Tier 1 risk-based capital ratio
  • 15.04%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $371,421Average earning assets
  • $39,358Average equity
  • $335,377Average 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 SouthBank.
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