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)
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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

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