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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