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- Banks in South Carolina (SC)
- The Dorn Banking Company
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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- Banks in South Carolina (SC)
- The Dorn Banking Company
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