The Carver State Bank in Savannah, Georgia (GA)



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The Carver State Bank routing number info

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The Carver State Bank
GeneralFDIC 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
WWW: http://www.carverstatebank.com
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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)16
Total assets$41,979
Cash and due from depository institutions$4,740
Interest-bearing balances$3,590
Securities$4,585
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$25,653
Loan loss allowance $188
Trading account assets$0
Bank premises and fixed assets$3,339
Other real estate owned$2,215
Goodwill and other intangibles$0
All other assets$1,447
Life insurance assets$41,979
Total liabilities and capital$38,326
Total liabilities$33,813
Total deposits$28,749
Interest-bearing deposits$33,813
Deposits held in domestic offices$87
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,400
Other borrowed funds $0
Subordinated debt $113
All other liabilities $3,653
Total equity capital$3,653
Total bank equity capital$3,653
Perpetual preferred stock$0
Common stock$428
Surplus$3,157
Undivided profits $68
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $348
Earning assets $0
Long-term assets (5+ years) $534
Average Assets, year-to-date $33,828
Average Assets, quarterly $18,379
Volatile liabilities $41,932
Insider loans $41,417
FHLB advances $28,217
Loans and leases held for sale $40,787
Unused loan commitments $250
Tier 1 (core) risk-based capital $250
Tier 2 risk-based capital $3,647
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $365
Derivatives$1,093
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,314
Total interest expense $516
Net interest income $1,798
Provision for loan and lease losses $143
Total noninterest income $955
Fiduciary activities $0
Service charges on deposit accounts $319
Trading account gains & fees $0
Additional noninterest income $636
Total noninterest expense $2,603
Salaries and employee benefits $964
Premises and equipment expense $308
Additional noninterest expense $1,331
Pre-tax net operating income $7
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $7
Extraordinary gains - net $0
Net income attributable to bank $7
Net charge-offs $0
Cash dividends $7
Sale, conversion, retirement of capital stock, net $197
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.92%
Cost of funding earning assets 1.54%
Net interest margin 5.38%
Noninterest income to earning assets 2.86%
Noninterest expense to earning assets 7.79%
Net operating income to assets 0.02%
Return on assets (ROA) 0.02%
Pretax return on assets 0.02%
Return on equity (ROE) 0.22%
Retained earnings to average equity (YTD only) 0.22%
Net charge-offs to loans 0.75%
Credit loss provision to net charge-offs 72.59%
Efficiency ratio0.76%
Assets per employee$94,551
Cash dividends to net income (YTD only)2.62%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.73%
Noncurrent assets plus other real estate owned to assets 54.02%
Noncurrent loans to loans 6.11%
Net loans and leases to deposits1.35%
Net loans and leases to core deposits 75.87%
Equity capital to assets 103.00%
Core capital (leverage) ratio 8.70%
Tier 1 risk-based capital ratio 8.94%
Total risk-based capital ratio 12.92%
Memoranda
Average assets$14
Average earning assets$41,932
Average equity $3,175
Average loans $33,428
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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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