Southern Bank & Trust in Aiken, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 05, 2011

  • Southern Bank & Trust in Aiken, South Carolina (SC)
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Southern Bank & Trust - Overview

  • General
  • FDIC Certificate #: 58327
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Georgia Bank & Trust Company of Augusta (#27574)
    Federal Reserve ID: 3454510
    Date Established: September 12, 2006
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 18020
    FDIC's unique #: 446181
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 12, 2006
    Last Structure Change Effective Date: December 05, 2011
    Last Structure Change Process Date: December 15, 2011
    Last Data Update: December 15, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 149 Laurens Street, Nw, Aiken, SC 29801
    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)
  • Financial Summary
  • Total assets: $185.8 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, 2010)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $185,059Total assets
  • $24,170Cash and due from depository institutions
  • $22,588Interest-bearing balances
  • $36,735Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $115,583Net loans & leases
  • $2,474Loan loss allowance
  • $0Trading account assets
  • $4,441Bank premises and fixed assets
  • $1,523Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,607All other assets
  • $185,059Total liabilities and capital
  • $170,632Total liabilities
  • $164,663Total deposits
  • $150,400Interest-bearing deposits
  • $164,663Deposits held in domestic offices
  • 94.58%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,000Other borrowed funds
  • $0Subordinated debt
  • $969All other liabilities
  • $14,427Total equity capital
  • $14,427Total bank equity capital
  • $14,427Perpetual preferred stock
  • $0Common stock
  • $5,001Surplus
  • $10,758Undivided profits
  • Memoranda
  • $-1,332Noncurrent loans and leases
  • $9,907Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,187Earning assets
  • $0Long-term assets (5+ years)
  • $592Average Assets, year-to-date
  • $174,906Average Assets, quarterly
  • $41,449Volatile liabilities
  • $174,131Insider loans
  • $183,071FHLB advances
  • $44,237Loans and leases held for sale
  • $3,502Unused loan commitments
  • $5,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,907Total unused commitments
  • $25Restructured Loans and leases
  • $1,540Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $8,043Total interest income
  • $2,760Total interest expense
  • $5,283Net interest income
  • $1,340Provision for loan and lease losses
  • $870Total noninterest income
  • $0Fiduciary activities
  • $464Service charges on deposit accounts
  • $0Trading account gains & fees
  • $406Additional noninterest income
  • $4,062Total noninterest expense
  • $1,576Salaries and employee benefits
  • $639Premises and equipment expense
  • $1,847Additional noninterest expense
  • $751Pre-tax net operating income
  • $0Securities gains (losses)
  • $344Applicable income taxes
  • $407Income before extraordinary items
  • $0Extraordinary gains - net
  • $407Net income attributable to bank
  • $0Net charge-offs
  • $407Cash dividends
  • $1,023Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.23%Yield on earning assets
  • 1.79%Cost of funding earning assets
  • 3.43%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 2.64%Noninterest expense to earning assets
  • 0.23%Net operating income to assets
  • 0.23%Return on assets (ROA)
  • 0.43%Pretax return on assets
  • 2.83%Return on equity (ROE)
  • 2.83%Retained earnings to average equity (YTD only)
  • 0.83%Net charge-offs to loans
  • 130.99%Credit loss provision to net charge-offs
  • 2.04%Efficiency ratio
  • 66,017Assets per employee
  • 7.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.10%Loss allowance to noncurrent loans
  • 113.12%Noncurrent assets plus other real estate owned to assets
  • 2.00%Noncurrent loans to loans
  • 1.85%Net loans and leases to deposits
  • 70.19%Net loans and leases to core deposits
  • 94.41%Equity capital to assets
  • 7.80%Core capital (leverage) ratio
  • 7.84%Tier 1 risk-based capital ratio
  • 11.84%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $174,131Average earning assets
  • $14,392Average equity
  • $153,823Average loans

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