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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