The Conway National Bank in Conway, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Conway National Bank - Overview

  • General
  • FDIC Certificate #: 2102
    Status: Active
    Federal Reserve ID: 631422
    Bank Holding Company (Regulatory Top Holder): Cnb Corporation (RSSDID: 1134108, Location: Conway, SC)
    Date Established: January 01, 1914
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 15 (Domestic: 15, Interstate: No)
    FDIC's unique #: 1385
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 01, 2010
    Last Structure Change Process Date: June 01, 2010
    Last Data Update: June 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1400 Third Avenue, Conway, SC 29526
    County: Horry
    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): Myrtle Beach, SC (#5330)
    Combined Statistical Area (CSA): Myrtle Beach-Conway-Georgetown, SC (#396)
    Core Based Statistical Area (CBSA): Myrtle Beach-North Myrtle Beach-Conway, SC (#34820)
    CBSA Metro Statistical Area: Myrtle Beach-North Myrtle Beach-Conway, SC (#34820)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $914.3 mil
    Equity capital: $89.1 mil
    Deposits held in domestic offices: $733.3 mil
    Return on assets (ROA): 0.14% ($1.3 mil)
    Quarterly return on assets: 0.19% ($1.7 mil)
    Return on Equity (ROE): 1.49% ($1.3 mil)
    Quarterly return on equity: 2.01% ($1.8 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.15% ($1,371.4 mil)
    Quarterly Pretax return on assets: 0.24% ($2,194.3 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
  • 246Total employees (full-time equivalent)
  • $914,279Total assets
  • $55,000Cash and due from depository institutions
  • $30,578Interest-bearing balances
  • $331,690Securities
  • $10,000Federal funds sold & reverse repurchase agreements
  • $471,649Net loans & leases
  • $12,373Loan loss allowance
  • $0Trading account assets
  • $21,249Bank premises and fixed assets
  • $9,063Other real estate owned
  • $0Goodwill and other intangibles
  • $914,279Life insurance assets
  • $15,628All other assets
  • $825,146Total liabilities and capital
  • $733,327Total liabilities
  • $612,976Total deposits
  • $733,327Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 87784.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,035Subordinated debt
  • $89,133All other liabilities
  • $89,133Total equity capital
  • $89,133Total bank equity capital
  • $0Perpetual preferred stock
  • $1,935Common stock
  • $1,935Surplus
  • $85,263Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $25,054Income earned, not collected on loans
  • $0Earning assets
  • $4,158Long-term assets (5+ years)
  • $843,917Average Assets, year-to-date
  • $135,810Average Assets, quarterly
  • $925,511Volatile liabilities
  • $930,150Insider loans
  • $532,882FHLB advances
  • $929,077Loans and leases held for sale
  • $3,131Unused loan commitments
  • $3,131Tier 1 (core) risk-based capital
  • $87,259Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $33,903Restructured Loans and leases
  • $1,641Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $35,722Total interest income
  • $5,526Total interest expense
  • $30,196Net interest income
  • $9,888Provision for loan and lease losses
  • $4,758Total noninterest income
  • $0Fiduciary activities
  • $3,248Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,510Additional noninterest income
  • $23,633Total noninterest expense
  • $13,379Salaries and employee benefits
  • $3,349Premises and equipment expense
  • $6,905Additional noninterest expense
  • $1,433Pre-tax net operating income
  • $0Securities gains (losses)
  • $124Applicable income taxes
  • $1,309Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,309Net income attributable to bank
  • $0Net charge-offs
  • $1,309Cash dividends
  • $9,142Sale, conversion, retirement of capital stock, net
  • $387Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.18%Yield on earning assets
  • 0.65%Cost of funding earning assets
  • 3.53%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 2.76%Noninterest expense to earning assets
  • 0.14%Net operating income to assets
  • 0.14%Return on assets (ROA)
  • 0.15%Pretax return on assets
  • 1.49%Return on equity (ROE)
  • 1.05%Retained earnings to average equity (YTD only)
  • 1.79%Net charge-offs to loans
  • 108.16%Credit loss provision to net charge-offs
  • 1.24%Efficiency ratio
  • 67,612Assets per employee
  • 3.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 29.56%Loss allowance to loans
  • 2.56%Loss allowance to noncurrent loans
  • 49.39%Noncurrent assets plus other real estate owned to assets
  • 3.73%Noncurrent loans to loans
  • 5.18%Net loans and leases to deposits
  • 64.32%Net loans and leases to core deposits
  • 74.75%Equity capital to assets
  • 9.75%Core capital (leverage) ratio
  • 9.39%Tier 1 risk-based capital ratio
  • 16.37%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $925,511Average earning assets
  • $87,736Average equity
  • $855,318Average loans

List of branches

  • 15 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01385The Conway National Bank1400 Third Avenue, Conway, SC 29526January 01, 1914Full Service Brick and Mortar
    1191242Conway Branch309 Main Street, Conway, SC 29526December 10, 1960Full Service Brick and Mortar
    3191244Surfside Beach BranchFifth Avenue And Highway 17, Surfside Beach, SC 29577May 23, 1972Full Service Brick and Mortar
    4191245Northside BranchHighway 17 And Chestnut Road, North Myrtle Beach, SC 29582May 02, 1977Full Service Brick and Mortar
    5191246Red Hill BranchU.S. 501 And State Highway 544, Horry County, SC 29526November 11, 1981Full Service Brick and Mortar
    6191247Socastee BranchHighway 17 Bypass & North Plaza Dr., Myrtle Beach, SC 29577June 23, 1986Full Service Brick and Mortar
    7191248Aynor Branch2605 Highway 501, Aynor, SC 29511August 12, 1991Full Service Brick and Mortar
    8191249Myrtle Beach Branch1352 21st Avenue North, Myrtle Beach, SC 29577August 07, 1995Full Service Brick and Mortar
    9191250West Conway Branch2810 Church Street, Conway, SC 29526October 19, 1998Full Service Brick and Mortar
    10191251Murrells Inlet Branch4345 Highway 17 Bypass, Murrells Inlet, SC 29576March 06, 2000Full Service Brick and Mortar
    11419046North Myrtle Beach Office Branch110 Highway 17 North, North Myrtle Beach, SC 29582September 30, 2002Full Service Brick and Mortar
    12426507Conway Banking Center1411 Fourth Avenue, Conway, SC 29526Febuary 09, 2004Full Service Brick and Mortar
    13446310Pawleys Island Branch10608 Ocean Highway, Pawleys Island, SC 29585December 05, 2005Full Service Brick and Mortar
    14454518North Conway Branch2601 Main Street, Conway, SC 29526July 17, 2006Full Service Brick and Mortar
    15476079Little River Branch Office2380 Highway 9 East, Conway, SC 29526April 01, 2008Full Service Brick and Mortar

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