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

This bank is inactive as of November 11, 1995

The Community Bank of South Carolina in Varnville, South Carolina (SC)
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The Community Bank of South Carolina - Overview

General
FDIC Certificate #: 9925
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Branch Banking and Trust Company of South Carolina (#21098)
Federal Reserve ID: 913221
Date Established: January 01, 1934
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Interstate: No)
FDIC's unique #: 6347
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: November 11, 1995
Last Structure Change Process Date: January 11, 1996
Last Data Update: January 11, 1996
Data Source Date: April 05, 2012
Location
Address: 205 East Palmetto Avenue, Varnville, SC 29944
County: Hampton
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
Financial Summary
Total assets: $114.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$74Total assets
$122,954Cash and due from depository institutions
$7,093Interest-bearing balances
$0Securities
$33,180Federal funds sold & reverse repurchase agreements
$14,850Net loans & leases
$62,723Loan loss allowance
$951Trading account assets
$0Bank premises and fixed assets
$2,295Other real estate owned
$105Goodwill and other intangibles
$1,931Life insurance assets
$777All other assets
$0Total liabilities and capital
$122,954Total liabilities
$114,088Total deposits
$99,645Interest-bearing deposits
$81,827Deposits held in domestic offices
99645.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$13,537Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$906Total equity capital
$906Total bank equity capital
$8,866Perpetual preferred stock
$0Common stock
$1,000Surplus
$5,670Undivided profits
Memoranda
$2,196Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$559Income earned, not collected on loans
$442Earning assets
$110,753Long-term assets (5+ years)
$16,037Average Assets, year-to-date
$114,613Average Assets, quarterly
$117,837Volatile liabilities
$22,500Insider loans
$40FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$7,097Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$8,458Total risk weighted assets
$69,904Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$7,617Total interest expense
$2,992Net interest income
$4,625Provision for loan and lease losses
$268Total noninterest income
$1,444Fiduciary activities
$0Service charges on deposit accounts
$1,111Trading account gains & fees
$0Additional noninterest income
$333Total noninterest expense
$4,515Salaries and employee benefits
$1,981Premises and equipment expense
$464Additional noninterest expense
$2,070Pre-tax net operating income
$1,286Securities gains (losses)
$0Applicable income taxes
$434Income before extraordinary items
$852Extraordinary gains - net
$0Net income attributable to bank
$852Net charge-offs
$283Cash dividends
$341Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.31%Cost of funding earning assets
2.87%Net interest margin
4.44%Noninterest income to earning assets
1.39%Noninterest expense to earning assets
4.33%Net operating income to assets
0.74%Return on assets (ROA)
0.74%Pretax return on assets
1.12%Return on equity (ROE)
9.41%Retained earnings to average equity (YTD only)
5.64%Net charge-offs to loans
0.45%Credit loss provision to net charge-offs
94.70%Efficiency ratio
69,221Assets per employee
1.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.02%Loss allowance to loans
1.49%Loss allowance to noncurrent loans
170.13%Noncurrent assets plus other real estate owned to assets
0.54%Noncurrent loans to loans
0.88%Net loans and leases to deposits
62.95%Net loans and leases to core deposits
69.17%Equity capital to assets
7.21%Core capital (leverage) ratio
7.38%Tier 1 risk-based capital ratio
12.10%Total risk-based capital ratio
Memoranda
$13Average assets
$114,613Average earning assets
$9,058Average equity
$104,235Average loans

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