Spratt Savings and Loan Association in Chester, South Carolina (SC)



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Spratt Savings and Loan Association
GeneralFDIC Certificate #: 30987
Status: Active
Federal Reserve ID: 746979
Date Established: January 01, 1893
WWW: http://www.sprattsavingsandloan.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 6218
FDIC's unique #: 43821
Numeric code: 36
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: 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: Other Specialized Lending < 1 Billion
Date of Deposit Insurance: April 14, 1958
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 121 Saluda St, Chester, SC 29706
County: Chester
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
Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
Core Based Statistical Area (CBSA): Chester, SC (#16900)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $99.8 mil
Equity capital: $26.4 mil
Deposits held in domestic offices: $72.7 mil
Return on assets (ROA): 0.54% ($0.5 mil)
Quarterly return on assets: 0.52% ($0.5 mil)
Return on Equity (ROE): 2.05% ($0.5 mil)
Quarterly return on equity: 1.99% ($0.5 mil)
Net income: $0.5 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.80% ($798.1 mil)
Quarterly Pretax return on assets: 0.77% ($768.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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)
Total employees (full-time equivalent)18
Total assets$99,764
Cash and due from depository institutions$22,346
Interest-bearing balances$21,237
Securities$42,473
Federal funds sold & reverse repurchase agreements$4,306
Net loans & leases$29,550
Loan loss allowance $1,219
Trading account assets$0
Bank premises and fixed assets$257
Other real estate owned$50
Goodwill and other intangibles$53
All other assets$729
Life insurance assets$99,764
Total liabilities and capital$73,407
Total liabilities$72,656
Total deposits$67,495
Interest-bearing deposits$72,656
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $751
All other liabilities $26,357
Total equity capital$26,357
Total bank equity capital$26,357
Perpetual preferred stock$0
Common stock$0
Surplus$0
Undivided profits $26,357
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $126
Earning assets $0
Long-term assets (5+ years) $341
Average Assets, year-to-date $97,566
Average Assets, quarterly $0
Volatile liabilities $98,986
Insider loans $99,998
FHLB advances $37,655
Loans and leases held for sale $99,776
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $26,369
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,802
Derivatives$92
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,274
Total interest expense $688
Net interest income $2,586
Provision for loan and lease losses $0
Total noninterest income $264
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $264
Total noninterest expense $2,053
Salaries and employee benefits $1,343
Premises and equipment expense $91
Additional noninterest expense $619
Pre-tax net operating income $797
Securities gains (losses) -$5
Applicable income taxes $256
Income before extraordinary items $536
Extraordinary gains - net $0
Net income attributable to bank $536
Net charge-offs $0
Cash dividends $536
Sale, conversion, retirement of capital stock, net $11
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.38%
Cost of funding earning assets 0.71%
Net interest margin 2.67%
Noninterest income to earning assets 0.27%
Noninterest expense to earning assets 2.12%
Net operating income to assets 0.54%
Return on assets (ROA) 0.54%
Pretax return on assets 0.80%
Return on equity (ROE) 2.05%
Retained earnings to average equity (YTD only) 2.05%
Net charge-offs to loans 0.03%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio72.45%
Assets per employee$72,035
Cash dividends to net income (YTD only)5.54%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.96%
Noncurrent assets plus other real estate owned to assets 967.46%
Noncurrent loans to loans 0.18%
Net loans and leases to deposits0.41%
Net loans and leases to core deposits 40.67%
Equity capital to assets 40.82%
Core capital (leverage) ratio 26.42%
Tier 1 risk-based capital ratio 26.43%
Total risk-based capital ratio 70.03%
Memoranda
Average assets$71
Average earning assets$98,986
Average equity $26,145
Average loans $96,773
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2 South Carolina Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
043821Spratt Savings And Loan Association121 Saluda St, Chester, SC 29706January 01, 1893Full Service Brick and Mortar
1283069Great Falls Branch800 Dearborn St., Great Falls, SC 29055January 01, 1893Full Service Brick and Mortar
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