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

This bank is inactive as of April 29, 2006

  • The Bank of Heath Springs in Heath Springs, South Carolina (SC)
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The Bank of Heath Springs - Overview

  • General
  • FDIC Certificate #: 17459
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Waccamaw Bank (#34515)
    Federal Reserve ID: 344423
    Date Established: March 01, 1936
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 11448
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 01, 1955
    Last Structure Change Effective Date: April 29, 2006
    Last Structure Change Process Date: June 06, 2006
    Last Data Update: June 06, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: Main And Caston Streets (N.W.), Heath Springs, SC 29058
    County: Lancaster
    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): Lancaster, SC (#29580)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $20.1 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, 2005)

  • Dollar figures in thousands
  • 7Total employees (full-time equivalent)
  • $19,826Total assets
  • $686Cash and due from depository institutions
  • $100Interest-bearing balances
  • $8,300Securities
  • $5,024Federal funds sold & reverse repurchase agreements
  • $5,561Net loans & leases
  • $46Loan loss allowance
  • $0Trading account assets
  • $125Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $130All other assets
  • $19,826Total liabilities and capital
  • $14,270Total liabilities
  • $14,165Total deposits
  • $10,719Interest-bearing deposits
  • $14,165Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $88Other borrowed funds
  • $0Subordinated debt
  • $17All other liabilities
  • $5,556Total equity capital
  • $5,556Total bank equity capital
  • $5,556Perpetual preferred stock
  • $0Common stock
  • $50Surplus
  • $2,000Undivided profits
  • Memoranda
  • $3,506Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $130Average Assets, year-to-date
  • $18,985Average Assets, quarterly
  • $3,439Volatile liabilities
  • $20,136Insider loans
  • $19,934FHLB advances
  • $629Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $126Restructured Loans and leases
  • $46Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $897Total interest income
  • $90Total interest expense
  • $807Net interest income
  • $0Provision for loan and lease losses
  • $22Total noninterest income
  • $0Fiduciary activities
  • $19Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3Additional noninterest income
  • $523Total noninterest expense
  • $333Salaries and employee benefits
  • $51Premises and equipment expense
  • $139Additional noninterest expense
  • $306Pre-tax net operating income
  • $0Securities gains (losses)
  • $13Applicable income taxes
  • $293Income before extraordinary items
  • $0Extraordinary gains - net
  • $293Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $5Sale, conversion, retirement of capital stock, net
  • $140Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.65%Yield on earning assets
  • 0.47%Cost of funding earning assets
  • 4.18%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 2.71%Noninterest expense to earning assets
  • 1.46%Net operating income to assets
  • 1.46%Return on assets (ROA)
  • 1.52%Pretax return on assets
  • 5.37%Return on equity (ROE)
  • 2.81%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 61.20%Efficiency ratio
  • 63,088Assets per employee
  • 2.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.78%Loss allowance to loans
  • 0.82%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 39.26%Net loans and leases to core deposits
  • 40.82%Equity capital to assets
  • 28.02%Core capital (leverage) ratio
  • 27.91%Tier 1 risk-based capital ratio
  • 68.02%Total risk-based capital ratio
  • Memoranda
  • $69Average assets
  • $20,136Average earning assets
  • $5,454Average equity
  • $19,307Average loans

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