The Dorn Banking Company in Mccormick, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 17, 1993

  • The Dorn Banking Company in Mccormick, South Carolina (SC)
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The Dorn Banking Company - Overview

  • General
  • FDIC Certificate #: 11538
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Lexington State Bank (#19560)
    Federal Reserve ID: 2125
    Date Established: December 12, 1933
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 7371
    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: December 17, 1993
    Last Structure Change Process Date: Febuary 10, 1994
    Last Data Update: Febuary 10, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: Northeast Quadrant Augusta And Pine Streets, Mccormick, SC 29835
    County: Mccormick
    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: $31.4 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $10Total assets
  • $31,071Cash and due from depository institutions
  • $2,216Interest-bearing balances
  • $0Securities
  • $16,868Federal funds sold & reverse repurchase agreements
  • $2,400Net loans & leases
  • $8,640Loan loss allowance
  • $87Trading account assets
  • $0Bank premises and fixed assets
  • $548Other real estate owned
  • $57Goodwill and other intangibles
  • $342Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $31,071Total liabilities
  • $24,758Total deposits
  • $23,912Interest-bearing deposits
  • $20,736Deposits held in domestic offices
  • 23912.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $846Total equity capital
  • $846Total bank equity capital
  • $6,313Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $3,300Undivided profits
  • Memoranda
  • $2,913Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $65Income earned, not collected on loans
  • $34Earning assets
  • $27,908Long-term assets (5+ years)
  • $5,839Average Assets, year-to-date
  • $29,200Average Assets, quarterly
  • $30,448Volatile liabilities
  • $1,636Insider loans
  • $109FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,313Total risk weighted assets
  • $14,089Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,129Total interest expense
  • $1,012Net interest income
  • $1,117Provision for loan and lease losses
  • $65Total noninterest income
  • $171Fiduciary activities
  • $0Service charges on deposit accounts
  • $118Trading account gains & fees
  • $0Additional noninterest income
  • $53Total noninterest expense
  • $827Salaries and employee benefits
  • $449Premises and equipment expense
  • $65Additional noninterest expense
  • $313Pre-tax net operating income
  • $396Securities gains (losses)
  • $0Applicable income taxes
  • $61Income before extraordinary items
  • $335Extraordinary gains - net
  • $0Net income attributable to bank
  • $335Net charge-offs
  • $41Cash dividends
  • $100Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.04%Cost of funding earning assets
  • 3.82%Net interest margin
  • 4.22%Noninterest income to earning assets
  • 0.65%Noninterest expense to earning assets
  • 3.12%Net operating income to assets
  • 1.15%Return on assets (ROA)
  • 1.15%Pretax return on assets
  • 1.36%Return on equity (ROE)
  • 4.94%Retained earnings to average equity (YTD only)
  • 3.47%Net charge-offs to loans
  • 0.49%Credit loss provision to net charge-offs
  • 158.54%Efficiency ratio
  • 64,208Assets per employee
  • 3.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 29.85%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 133.85%Noncurrent assets plus other real estate owned to assets
  • 0.39%Noncurrent loans to loans
  • 0.74%Net loans and leases to deposits
  • 36.13%Net loans and leases to core deposits
  • 38.79%Equity capital to assets
  • 20.32%Core capital (leverage) ratio
  • 20.59%Tier 1 risk-based capital ratio
  • 44.81%Total risk-based capital ratio
  • Memoranda
  • $45Average assets
  • $29,200Average earning assets
  • $6,776Average equity
  • $26,478Average loans

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