Spratt Savings and Loan Association in Chester, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches


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

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total 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
  • 18Total employees (full-time equivalent)
  • $99,764Total assets
  • $22,346Cash and due from depository institutions
  • $21,237Interest-bearing balances
  • $42,473Securities
  • $4,306Federal funds sold & reverse repurchase agreements
  • $29,550Net loans & leases
  • $1,219Loan loss allowance
  • $0Trading account assets
  • $257Bank premises and fixed assets
  • $50Other real estate owned
  • $53Goodwill and other intangibles
  • $99,764Life insurance assets
  • $729All other assets
  • $73,407Total liabilities and capital
  • $72,656Total liabilities
  • $67,495Total deposits
  • $72,656Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $751Subordinated debt
  • $26,357All other liabilities
  • $26,357Total equity capital
  • $26,357Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $26,357Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $126Income earned, not collected on loans
  • $0Earning assets
  • $341Long-term assets (5+ years)
  • $97,566Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $98,986Volatile liabilities
  • $99,998Insider loans
  • $37,655FHLB advances
  • $99,776Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $26,369Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,802Restructured Loans and leases
  • $92Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,274Total interest income
  • $688Total interest expense
  • $2,586Net interest income
  • $0Provision for loan and lease losses
  • $264Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $264Additional noninterest income
  • $2,053Total noninterest expense
  • $1,343Salaries and employee benefits
  • $91Premises and equipment expense
  • $619Additional noninterest expense
  • $797Pre-tax net operating income
  • -$5Securities gains (losses)
  • $256Applicable income taxes
  • $536Income before extraordinary items
  • $0Extraordinary gains - net
  • $536Net income attributable to bank
  • $0Net charge-offs
  • $536Cash dividends
  • $11Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.38%Yield on earning assets
  • 0.71%Cost of funding earning assets
  • 2.67%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 2.12%Noninterest expense to earning assets
  • 0.54%Net operating income to assets
  • 0.54%Return on assets (ROA)
  • 0.80%Pretax return on assets
  • 2.05%Return on equity (ROE)
  • 2.05%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 72.45%Efficiency ratio
  • 72,035Assets per employee
  • 5.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.96%Loss allowance to noncurrent loans
  • 967.46%Noncurrent assets plus other real estate owned to assets
  • 0.18%Noncurrent loans to loans
  • 0.41%Net loans and leases to deposits
  • 40.67%Net loans and leases to core deposits
  • 40.82%Equity capital to assets
  • 26.42%Core capital (leverage) ratio
  • 26.43%Tier 1 risk-based capital ratio
  • 70.03%Total risk-based capital ratio
  • Memoranda
  • $71Average assets
  • $98,986Average earning assets
  • $26,145Average equity
  • $96,773Average loans

List of branches

  • 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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