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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