The Bank of Clarendon in Manning, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Bank of Clarendon - Overview

  • General
  • FDIC Certificate #: 15671
    Status: Active
    Federal Reserve ID: 3720
    Date Established: July 01, 1939
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 4, Interstate: No)
    OTS Docket #: 13654
    FDIC's unique #: 9945
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: 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: Commercial Lending Specialization
    Date of Deposit Insurance: July 01, 1939
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 106 South Brooks Street, Manning, SC 29102
    County: Clarendon
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $205.4 mil
    Equity capital: $28.8 mil
    Deposits held in domestic offices: $166.7 mil
    Return on assets (ROA): 1.01% ($2.1 mil)
    Quarterly return on assets: 0.38% ($0.8 mil)
    Return on Equity (ROE): 6.93% ($2.0 mil)
    Quarterly return on equity: 2.62% ($0.8 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.46% ($2,998.2 mil)
    Quarterly Pretax return on assets: 0.52% ($1,067.9 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
  • 61Total employees (full-time equivalent)
  • $205,356Total assets
  • $29,645Cash and due from depository institutions
  • $23,275Interest-bearing balances
  • $49,122Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $114,725Net loans & leases
  • $1,475Loan loss allowance
  • $0Trading account assets
  • $5,183Bank premises and fixed assets
  • $740Other real estate owned
  • $0Goodwill and other intangibles
  • $205,356Life insurance assets
  • $5,941All other assets
  • $176,514Total liabilities and capital
  • $166,737Total liabilities
  • $140,985Total deposits
  • $166,737Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 2584.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,506Trading liabilities
  • $0Other borrowed funds
  • $1,687Subordinated debt
  • $28,842All other liabilities
  • $28,842Total equity capital
  • $28,842Total bank equity capital
  • $0Perpetual preferred stock
  • $2,400Common stock
  • $10,800Surplus
  • $15,642Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $471Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,170Income earned, not collected on loans
  • $0Earning assets
  • $979Long-term assets (5+ years)
  • $187,122Average Assets, year-to-date
  • $37,638Average Assets, quarterly
  • $194,522Volatile liabilities
  • $200,619Insider loans
  • $111,965FHLB advances
  • $198,037Loans and leases held for sale
  • $3,715Unused loan commitments
  • $1,454Tier 1 (core) risk-based capital
  • $27,700Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,261Total unused commitments
  • $11,011Restructured Loans and leases
  • $1,390Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,563Total interest income
  • $984Total interest expense
  • $7,579Net interest income
  • $227Provision for loan and lease losses
  • $1,809Total noninterest income
  • $0Fiduciary activities
  • $1,064Service charges on deposit accounts
  • $0Trading account gains & fees
  • $745Additional noninterest income
  • $6,343Total noninterest expense
  • $3,696Salaries and employee benefits
  • $700Premises and equipment expense
  • $1,947Additional noninterest expense
  • $2,818Pre-tax net operating income
  • $21Securities gains (losses)
  • $884Applicable income taxes
  • $1,955Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,955Net income attributable to bank
  • $0Net charge-offs
  • $1,955Cash dividends
  • $182Sale, conversion, retirement of capital stock, net
  • $719Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.78%Yield on earning assets
  • 0.55%Cost of funding earning assets
  • 4.23%Net interest margin
  • 1.01%Noninterest income to earning assets
  • 3.54%Noninterest expense to earning assets
  • 1.00%Net operating income to assets
  • 1.01%Return on assets (ROA)
  • 1.46%Pretax return on assets
  • 6.93%Return on equity (ROE)
  • 4.38%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 124.73%Credit loss provision to net charge-offs
  • 16.73%Efficiency ratio
  • 67,565Assets per employee
  • 3.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 36.78%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 126.07%Noncurrent assets plus other real estate owned to assets
  • 0.93%Noncurrent loans to loans
  • 1.01%Net loans and leases to deposits
  • 68.81%Net loans and leases to core deposits
  • 73.82%Equity capital to assets
  • 14.04%Core capital (leverage) ratio
  • 13.99%Tier 1 risk-based capital ratio
  • 24.74%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $194,522Average earning assets
  • $28,213Average equity
  • $179,318Average loans

List of branches

  • 5 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09945The Bank Of Clarendon106 South Brooks Street, Manning, SC 29102July 01, 1939Full Service Brick and Mortar
    2234931Santee BranchU.S. Highway 301 And S.C. Highway 6, Santee, SC 29142September 30, 1985Full Service Brick and Mortar
    3234932South Dukes Branch11 South Dukes Street, Summerton, SC 29148December 30, 1985Full Service Brick and Mortar
    5468336Wyboo Banking Office2609 Players Course Drive, Manning, SC 29102September 14, 2007Full Service Brick and Mortar
    6527858Sumter Branch235 West Wesmark Boulevard, Sumter, SC 29150January 17, 2012Full Service Brick and Mortar

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