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

This bank is inactive as of July 01, 2005

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

  • General
  • FDIC Certificate #: 33003
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Citizens Bank and Trust Company, Inc. (#15504)
    Federal Reserve ID: 1460290
    Date Established: July 05, 1990
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Interstate: No)
    OTS Docket #: 11382
    FDIC's unique #: 46184
    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: July 05, 1990
    Last Structure Change Effective Date: July 01, 2005
    Last Structure Change Process Date: July 19, 2005
    Last Data Update: July 19, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 937 North Pleasantburg Drive, Greenville, SC 29607
    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: $351.7 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, 2004)

  • Dollar figures in thousands
  • 63Total employees (full-time equivalent)
  • $317,843Total assets
  • $6,667Cash and due from depository institutions
  • $147Interest-bearing balances
  • $59,838Securities
  • $218Federal funds sold & reverse repurchase agreements
  • $236,154Net loans & leases
  • $3,429Loan loss allowance
  • $0Trading account assets
  • $4,786Bank premises and fixed assets
  • $217Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $9,963All other assets
  • $317,843Total liabilities and capital
  • $286,782Total liabilities
  • $234,949Total deposits
  • $194,821Interest-bearing deposits
  • $234,949Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $50,134Other borrowed funds
  • $0Subordinated debt
  • $1,699All other liabilities
  • $31,061Total equity capital
  • $31,061Total bank equity capital
  • $31,061Perpetual preferred stock
  • $0Common stock
  • $4,250Surplus
  • $4,250Undivided profits
  • Memoranda
  • $22,561Noncurrent loans and leases
  • $63,285Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $546Earning assets
  • $0Long-term assets (5+ years)
  • $1,430Average Assets, year-to-date
  • $296,357Average Assets, quarterly
  • $58,874Volatile liabilities
  • $329,336Insider loans
  • $318,892FHLB advances
  • $44,175Loans and leases held for sale
  • $6,865Unused loan commitments
  • $50,134Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $63,285Total unused commitments
  • $0Restructured Loans and leases
  • $3,282Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $15,851Total interest income
  • $4,591Total interest expense
  • $11,260Net interest income
  • $135Provision for loan and lease losses
  • $1,872Total noninterest income
  • $0Fiduciary activities
  • $480Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,392Additional noninterest income
  • $6,975Total noninterest expense
  • $4,553Salaries and employee benefits
  • $1,088Premises and equipment expense
  • $1,334Additional noninterest expense
  • $6,022Pre-tax net operating income
  • $83Securities gains (losses)
  • $1,851Applicable income taxes
  • $4,254Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,254Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$86Sale, conversion, retirement of capital stock, net
  • $646Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.18%Yield on earning assets
  • 1.50%Cost of funding earning assets
  • 3.68%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 2.28%Noninterest expense to earning assets
  • 1.27%Net operating income to assets
  • 1.29%Return on assets (ROA)
  • 1.85%Pretax return on assets
  • 14.56%Return on equity (ROE)
  • 12.35%Retained earnings to average equity (YTD only)
  • -0.04%Net charge-offs to loans
  • -156.98%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 53,115Assets per employee
  • 5.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 15.19%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 628.02%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.23%Net loans and leases to deposits
  • 100.51%Net loans and leases to core deposits
  • 120.47%Equity capital to assets
  • 9.77%Core capital (leverage) ratio
  • 9.79%Tier 1 risk-based capital ratio
  • 11.80%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $329,336Average earning assets
  • $29,221Average equity
  • $306,091Average loans

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