Southern National Bank of South Carolina in Greenville, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 30, 1995

  • Southern National Bank of South Carolina in Greenville, South Carolina (SC)
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Southern National Bank of South Carolina - Overview

  • General
  • FDIC Certificate #: 18847
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company of South Carolina (#21098)
    Federal Reserve ID: 875628
    Date Established: August 05, 1963
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 81 (Interstate: No)
    OTS Docket #: 11624
    FDIC's unique #: 12703
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: August 05, 1963
    Last Structure Change Effective Date: May 30, 1995
    Last Structure Change Process Date: June 15, 1995
    Last Data Update: June 15, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 College Street, Greenville, SC 29601
    County: Greenville
    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): Greenville-Mauldin-Easley, SC (#24860)
    CBSA Metro Statistical Area: Greenville-Mauldin-Easley, SC (#24860)
  • Financial Summary
  • Total assets: $2,899.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $984Total assets
  • $2,838,003Cash and due from depository institutions
  • $90,754Interest-bearing balances
  • $189Securities
  • $770,438Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $1,877,376Loan loss allowance
  • $30,504Trading account assets
  • $0Bank premises and fixed assets
  • $44,643Other real estate owned
  • $1,041Goodwill and other intangibles
  • $48,322Life insurance assets
  • $5,429All other assets
  • $0Total liabilities and capital
  • $2,838,003Total liabilities
  • $2,636,553Total deposits
  • $1,938,813Interest-bearing deposits
  • $1,686,203Deposits held in domestic offices
  • 1938813.00%% insured (estimated)
  • $90Federal funds purchased & repurchase agreements
  • $541,357Trading liabilities
  • $0Other borrowed funds
  • $137,826Subordinated debt
  • $0All other liabilities
  • $18,557Total equity capital
  • $18,557Total bank equity capital
  • $201,450Perpetual preferred stock
  • $0Common stock
  • $25,910Surplus
  • $148,710Undivided profits
  • Memoranda
  • $26,830Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,251Income earned, not collected on loans
  • $10,640Earning assets
  • $2,648,003Long-term assets (5+ years)
  • $570,907Average Assets, year-to-date
  • $2,312,690Average Assets, quarterly
  • $2,799,823Volatile liabilities
  • $750,851Insider loans
  • $7,059FHLB advances
  • $0Loans and leases held for sale
  • $21,764Unused loan commitments
  • $346,642Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $202,191Total risk weighted assets
  • $1,703,945Total unused commitments
  • $0Restructured Loans and leases
  • $3,000Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $193,072Total interest expense
  • $89,422Net interest income
  • $103,650Provision for loan and lease losses
  • $4,062Total noninterest income
  • $29,309Fiduciary activities
  • $425Service charges on deposit accounts
  • $13,241Trading account gains & fees
  • $0Additional noninterest income
  • $15,643Total noninterest expense
  • $78,151Salaries and employee benefits
  • $30,496Premises and equipment expense
  • $9,178Additional noninterest expense
  • $38,477Pre-tax net operating income
  • $50,746Securities gains (losses)
  • $382Applicable income taxes
  • $19,438Income before extraordinary items
  • $31,690Extraordinary gains - net
  • $0Net income attributable to bank
  • $31,690Net charge-offs
  • $3,538Cash dividends
  • $477Sale, conversion, retirement of capital stock, net
  • $118,745Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.94%Cost of funding earning assets
  • 4.14%Net interest margin
  • 4.80%Noninterest income to earning assets
  • 1.36%Noninterest expense to earning assets
  • 3.62%Net operating income to assets
  • 1.36%Return on assets (ROA)
  • 1.37%Pretax return on assets
  • 2.21%Return on equity (ROE)
  • 20.15%Retained earnings to average equity (YTD only)
  • 19.85%Net charge-offs to loans
  • 0.23%Credit loss provision to net charge-offs
  • 114.81%Efficiency ratio
  • 58,398Assets per employee
  • 2.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 1.51%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 230.20%Noncurrent assets plus other real estate owned to assets
  • 0.50%Noncurrent loans to loans
  • 0.69%Net loans and leases to deposits
  • 96.83%Net loans and leases to core deposits
  • 106.40%Equity capital to assets
  • 7.10%Core capital (leverage) ratio
  • 7.32%Tier 1 risk-based capital ratio
  • 11.87%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $2,312,690Average earning assets
  • $157,272Average equity
  • $2,159,814Average loans

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