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

This bank is inactive as of August 01, 1994

  • The Davis National Bank of Mullins in Mullins, South Carolina (SC)
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The Davis National Bank of Mullins - Overview

  • General
  • FDIC Certificate #: 15246
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First National South (#2108)
    Federal Reserve ID: 890229
    Date Established: August 02, 1935
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 9596
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: August 02, 1935
    Last Structure Change Effective Date: August 01, 1994
    Last Structure Change Process Date: August 15, 1994
    Last Data Update: August 15, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 402 South Main Street, Mullins, SC 29574
    County: Marion
    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: $56.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $50Total assets
  • $56,459Cash and due from depository institutions
  • $3,026Interest-bearing balances
  • $0Securities
  • $18,585Federal funds sold & reverse repurchase agreements
  • $2,525Net loans & leases
  • $28,395Loan loss allowance
  • $1,064Trading account assets
  • $0Bank premises and fixed assets
  • $1,894Other real estate owned
  • $555Goodwill and other intangibles
  • $1,479Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $56,459Total liabilities
  • $51,126Total deposits
  • $49,052Interest-bearing deposits
  • $39,458Deposits held in domestic offices
  • 49052.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $944Trading liabilities
  • $0Other borrowed funds
  • $469Subordinated debt
  • $0All other liabilities
  • $662Total equity capital
  • $662Total bank equity capital
  • $5,333Perpetual preferred stock
  • $0Common stock
  • $1,525Surplus
  • $1,525Undivided profits
  • Memoranda
  • $2,283Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,007Income earned, not collected on loans
  • $288Earning assets
  • $49,505Long-term assets (5+ years)
  • $2,355Average Assets, year-to-date
  • $60,858Average Assets, quarterly
  • $58,383Volatile liabilities
  • $5,196Insider loans
  • $747FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $816Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,333Total risk weighted assets
  • $33,167Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,999Total interest expense
  • $1,552Net interest income
  • $2,446Provision for loan and lease losses
  • $885Total noninterest income
  • $856Fiduciary activities
  • $0Service charges on deposit accounts
  • $652Trading account gains & fees
  • $0Additional noninterest income
  • $204Total noninterest expense
  • $2,742Salaries and employee benefits
  • $1,218Premises and equipment expense
  • $498Additional noninterest expense
  • $1,027Pre-tax net operating income
  • -$324Securities gains (losses)
  • $62Applicable income taxes
  • -$171Income before extraordinary items
  • -$91Extraordinary gains - net
  • $0Net income attributable to bank
  • -$91Net charge-offs
  • $835Cash dividends
  • $79Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.46%Cost of funding earning assets
  • 2.89%Net interest margin
  • 4.56%Noninterest income to earning assets
  • 1.60%Noninterest expense to earning assets
  • 5.11%Net operating income to assets
  • -0.21%Return on assets (ROA)
  • -0.15%Pretax return on assets
  • -0.43%Return on equity (ROE)
  • -1.73%Retained earnings to average equity (YTD only)
  • -3.23%Net charge-offs to loans
  • 2.41%Credit loss provision to net charge-offs
  • 105.99%Efficiency ratio
  • 83,041Assets per employee
  • 1.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -86.81%Loss allowance to loans
  • 3.61%Loss allowance to noncurrent loans
  • 53.01%Noncurrent assets plus other real estate owned to assets
  • 4.54%Noncurrent loans to loans
  • 6.81%Net loans and leases to deposits
  • 57.89%Net loans and leases to core deposits
  • 62.73%Equity capital to assets
  • 9.45%Core capital (leverage) ratio
  • 9.08%Tier 1 risk-based capital ratio
  • 16.08%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $60,858Average earning assets
  • $5,266Average equity
  • $53,614Average loans

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