Summerville National Bank in Summerville, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 22, 1995

  • Summerville National Bank in Summerville, South Carolina (SC)
  • Show street view No street view available for this location

Summerville National Bank - Overview

  • General
  • FDIC Certificate #: 26249
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: First Citizens Bank and Trust Company, Inc. (#15504)
    Federal Reserve ID: 37426
    Date Established: May 20, 1985
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 32595
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: May 20, 1985
    Last Structure Change Effective Date: September 22, 1995
    Last Structure Change Process Date: October 26, 1995
    Last Data Update: October 26, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 218 South Main Street, Summerville, SC 29483
    County: Dorchester
    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): Charleston-North Charleston, SC (#1440)
    Core Based Statistical Area (CBSA): Charleston-North Charleston-Summerville, SC (#16700)
    CBSA Metro Statistical Area: Charleston-North Charleston-Summerville, SC (#16700)
  • Financial Summary
  • Total assets: $23.6 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)
  • $19Total assets
  • $23,715Cash and due from depository institutions
  • $1,438Interest-bearing balances
  • $0Securities
  • $4,773Federal funds sold & reverse repurchase agreements
  • $750Net loans & leases
  • $14,423Loan loss allowance
  • $578Trading account assets
  • $0Bank premises and fixed assets
  • $1,141Other real estate owned
  • $913Goodwill and other intangibles
  • $277Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $23,715Total liabilities
  • $21,784Total deposits
  • $21,544Interest-bearing deposits
  • $17,912Deposits held in domestic offices
  • 21544.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $240Total equity capital
  • $240Total bank equity capital
  • $1,931Perpetual preferred stock
  • $0Common stock
  • $1,585Surplus
  • $1,559Undivided profits
  • Memoranda
  • $-1,213Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $748Income earned, not collected on loans
  • $113Earning assets
  • $19,946Long-term assets (5+ years)
  • $1,539Average Assets, year-to-date
  • $25,663Average Assets, quarterly
  • $24,618Volatile liabilities
  • $2,425Insider loans
  • $780FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,547Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,030Total risk weighted assets
  • $17,013Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,815Total interest expense
  • $731Net interest income
  • $1,084Provision for loan and lease losses
  • $60Total noninterest income
  • $287Fiduciary activities
  • $0Service charges on deposit accounts
  • $224Trading account gains & fees
  • $0Additional noninterest income
  • $63Total noninterest expense
  • $1,472Salaries and employee benefits
  • $555Premises and equipment expense
  • $232Additional noninterest expense
  • $685Pre-tax net operating income
  • -$161Securities gains (losses)
  • $8Applicable income taxes
  • $29Income before extraordinary items
  • -$182Extraordinary gains - net
  • $0Net income attributable to bank
  • -$182Net charge-offs
  • $146Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $150Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.26%Cost of funding earning assets
  • 3.33%Net interest margin
  • 4.93%Noninterest income to earning assets
  • 1.31%Noninterest expense to earning assets
  • 6.70%Net operating income to assets
  • -0.74%Return on assets (ROA)
  • -0.71%Pretax return on assets
  • -0.60%Return on equity (ROE)
  • -8.77%Retained earnings to average equity (YTD only)
  • -8.77%Net charge-offs to loans
  • 0.93%Credit loss provision to net charge-offs
  • 41.10%Efficiency ratio
  • 107,367Assets per employee
  • 1.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.85%Loss allowance to noncurrent loans
  • 77.27%Noncurrent assets plus other real estate owned to assets
  • 7.00%Noncurrent loans to loans
  • 4.99%Net loans and leases to deposits
  • 66.95%Net loans and leases to core deposits
  • 75.44%Equity capital to assets
  • 8.14%Core capital (leverage) ratio
  • 8.07%Tier 1 risk-based capital ratio
  • 11.93%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $25,663Average earning assets
  • $2,076Average equity
  • $21,981Average 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 Summerville National Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents