The Carver State Bank in Savannah, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Carver State Bank - Overview

  • General
  • FDIC Certificate #: 16584
    Status: Active
    Federal Reserve ID: 370833
    Bank Holding Company (Regulatory Top Holder): Carver Financial Corporation (RSSDID: 3190023, Location: Savannah, GA)
    Date Established: January 01, 1927
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 10722
    FDIC's unique #: 10729
    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: June 04, 1947
    Last Structure Change Effective Date: November 07, 2011
    Last Structure Change Process Date: November 10, 2011
    Last Data Update: November 10, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 701 Martin Luther King, Jr. Boulevard, Savannah, GA 31401
    County: Chatham
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Savannah
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Savannah, GA (#7520)
    Combined Statistical Area (CSA): Savannah-Hinesville-Fort Stewart, GA (#496)
    Core Based Statistical Area (CBSA): Savannah, GA (#42340)
    CBSA Metro Statistical Area: Savannah, GA (#42340)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $42.0 mil
    Equity capital: $3.7 mil
    Deposits held in domestic offices: $33.8 mil
    Return on assets (ROA): 0.02% ($0.0 mil)
    Quarterly return on assets: 2.05% ($0.9 mil)
    Return on Equity (ROE): 0.22% ($0.0 mil)
    Quarterly return on equity: 25.70% ($1.0 mil)
    Net income: $0.0 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.02% ($8.4 mil)
    Quarterly Pretax return on assets: 2.70% ($1,133.4 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
  • 16Total employees (full-time equivalent)
  • $41,979Total assets
  • $4,740Cash and due from depository institutions
  • $3,590Interest-bearing balances
  • $4,585Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $25,653Net loans & leases
  • $188Loan loss allowance
  • $0Trading account assets
  • $3,339Bank premises and fixed assets
  • $2,215Other real estate owned
  • $0Goodwill and other intangibles
  • $41,979Life insurance assets
  • $1,447All other assets
  • $38,326Total liabilities and capital
  • $33,813Total liabilities
  • $28,749Total deposits
  • $33,813Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,400Trading liabilities
  • $0Other borrowed funds
  • $113Subordinated debt
  • $3,653All other liabilities
  • $3,653Total equity capital
  • $3,653Total bank equity capital
  • $0Perpetual preferred stock
  • $428Common stock
  • $3,157Surplus
  • $68Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $348Income earned, not collected on loans
  • $0Earning assets
  • $534Long-term assets (5+ years)
  • $33,828Average Assets, year-to-date
  • $18,379Average Assets, quarterly
  • $41,932Volatile liabilities
  • $41,417Insider loans
  • $28,217FHLB advances
  • $40,787Loans and leases held for sale
  • $250Unused loan commitments
  • $250Tier 1 (core) risk-based capital
  • $3,647Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $365Restructured Loans and leases
  • $1,093Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,314Total interest income
  • $516Total interest expense
  • $1,798Net interest income
  • $143Provision for loan and lease losses
  • $955Total noninterest income
  • $0Fiduciary activities
  • $319Service charges on deposit accounts
  • $0Trading account gains & fees
  • $636Additional noninterest income
  • $2,603Total noninterest expense
  • $964Salaries and employee benefits
  • $308Premises and equipment expense
  • $1,331Additional noninterest expense
  • $7Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $7Income before extraordinary items
  • $0Extraordinary gains - net
  • $7Net income attributable to bank
  • $0Net charge-offs
  • $7Cash dividends
  • $197Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.92%Yield on earning assets
  • 1.54%Cost of funding earning assets
  • 5.38%Net interest margin
  • 2.86%Noninterest income to earning assets
  • 7.79%Noninterest expense to earning assets
  • 0.02%Net operating income to assets
  • 0.02%Return on assets (ROA)
  • 0.02%Pretax return on assets
  • 0.22%Return on equity (ROE)
  • 0.22%Retained earnings to average equity (YTD only)
  • 0.75%Net charge-offs to loans
  • 72.59%Credit loss provision to net charge-offs
  • 0.76%Efficiency ratio
  • 94,551Assets per employee
  • 2.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.73%Loss allowance to noncurrent loans
  • 54.02%Noncurrent assets plus other real estate owned to assets
  • 6.11%Noncurrent loans to loans
  • 1.35%Net loans and leases to deposits
  • 75.87%Net loans and leases to core deposits
  • 103.00%Equity capital to assets
  • 8.70%Core capital (leverage) ratio
  • 8.94%Tier 1 risk-based capital ratio
  • 12.92%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $41,932Average earning assets
  • $3,175Average equity
  • $33,428Average loans

List of branches

  • 2 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010729The Carver State Bank701 Martin Luther King, Jr. Boulevard, Savannah, GA 31401January 01, 1927Full Service Brick and Mortar
    2469725Skidaway Road Branch7110 Skidaway Road, Savannah, GA 31406December 11, 2007Full Service Brick and Mortar

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