The Commercial Bank in Honea Path, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Commercial Bank - Overview

  • General
  • FDIC Certificate #: 14642
    Status: Active
    Federal Reserve ID: 349129
    Bank Holding Company (Regulatory Top Holder): Commercial Bank Shares, Inc. (RSSDID: 1248742, Location: Honea Path, SC)
    Date Established: May 14, 1934
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 9156
    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: Yes
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: August 07, 1934
    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: 4 Church Street, Honea Path, SC 29654
    County: Anderson
    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): Anderson, SC (#11340)
    CBSA Metro Statistical Area: Anderson, SC (#11340)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $148.8 mil
    Equity capital: $22.4 mil
    Deposits held in domestic offices: $125.9 mil
    Return on assets (ROA): 1.36% ($2.0 mil)
    Quarterly return on assets: 1.14% ($1.7 mil)
    Return on Equity (ROE): 8.78% ($1.9 mil)
    Quarterly return on equity: 7.34% ($1.6 mil)
    Net income: $1.9 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.42% ($2,112.4 mil)
    Quarterly Pretax return on assets: 1.19% ($1,770.3 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
  • 46Total employees (full-time equivalent)
  • $148,761Total assets
  • $23,138Cash and due from depository institutions
  • $21,185Interest-bearing balances
  • $62,017Securities
  • $523Federal funds sold & reverse repurchase agreements
  • $58,022Net loans & leases
  • $1,023Loan loss allowance
  • $0Trading account assets
  • $3,199Bank premises and fixed assets
  • $382Other real estate owned
  • $0Goodwill and other intangibles
  • $148,761Life insurance assets
  • $1,480All other assets
  • $126,410Total liabilities and capital
  • $125,896Total liabilities
  • $99,909Total deposits
  • $125,896Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $514Subordinated debt
  • $22,351All other liabilities
  • $22,351Total equity capital
  • $22,351Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $7,500Surplus
  • $14,351Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $325Income earned, not collected on loans
  • $0Earning assets
  • $592Long-term assets (5+ years)
  • $141,747Average Assets, year-to-date
  • $69,088Average Assets, quarterly
  • $139,139Volatile liabilities
  • $144,633Insider loans
  • $64,482FHLB advances
  • $146,489Loans and leases held for sale
  • $262Unused loan commitments
  • $262Tier 1 (core) risk-based capital
  • $20,648Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,158Restructured Loans and leases
  • $1,079Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,718Total interest income
  • $880Total interest expense
  • $4,838Net interest income
  • $190Provision for loan and lease losses
  • $963Total noninterest income
  • $0Fiduciary activities
  • $852Service charges on deposit accounts
  • $0Trading account gains & fees
  • $111Additional noninterest income
  • $3,634Total noninterest expense
  • $2,009Salaries and employee benefits
  • $407Premises and equipment expense
  • $1,218Additional noninterest expense
  • $1,977Pre-tax net operating income
  • $0Securities gains (losses)
  • $85Applicable income taxes
  • $1,892Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,892Net income attributable to bank
  • $0Net charge-offs
  • $1,892Cash dividends
  • $58Sale, conversion, retirement of capital stock, net
  • $950Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.36%Yield on earning assets
  • 0.67%Cost of funding earning assets
  • 3.69%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 2.77%Noninterest expense to earning assets
  • 1.36%Net operating income to assets
  • 1.36%Return on assets (ROA)
  • 1.42%Pretax return on assets
  • 8.78%Return on equity (ROE)
  • 4.37%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 327.59%Credit loss provision to net charge-offs
  • 37.36%Efficiency ratio
  • 62,644Assets per employee
  • 3.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.21%Loss allowance to loans
  • 1.73%Loss allowance to noncurrent loans
  • 314.77%Noncurrent assets plus other real estate owned to assets
  • 0.48%Noncurrent loans to loans
  • 0.55%Net loans and leases to deposits
  • 46.09%Net loans and leases to core deposits
  • 47.48%Equity capital to assets
  • 15.02%Core capital (leverage) ratio
  • 14.10%Tier 1 risk-based capital ratio
  • 32.02%Total risk-based capital ratio
  • Memoranda
  • $33Average assets
  • $139,139Average earning assets
  • $21,555Average equity
  • $131,071Average loans

List of branches

  • 7 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09156The Commercial Bank4 Church Street, Honea Path, SC 29654May 14, 1934Full Service Brick and Mortar
    1231861Donalds Branch104 Main Street, Donalds, SC 29638December 01, 1947Full Service Brick and Mortar
    2231862Due West Branch105 Main Street, Due West, SC 29639December 01, 1947Full Service Brick and Mortar
    3231863Church Street6 Church Street, Honea Path, SC 29654May 25, 1964Limited Service Facility
    5420299South Greenville Branch8016 Augusta Road, Piedmont, SC 29673June 02, 2003Full Service Brick and Mortar
    6466632Belton Branch710 Anderson Street, Belton, SC 29627August 14, 2006Limited Service Loan Production
    7493367Belton Branch710 Anderson Street, Belton, SC 29627October 21, 2008Full Service Brick and Mortar

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