The First Savings Bank, FSB in Greenville, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 28, 1994

  • The First Savings Bank, FSB in Greenville, South Carolina (SC)
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The First Savings Bank, FSB - Overview

  • General
  • FDIC Certificate #: 28796
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Southern National Bank of South Carolina (#18847)
    Federal Reserve ID: 166474
    Date Established: January 01, 1933
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2384
    FDIC's unique #: 41630
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: October 31, 1934
    Last Structure Change Effective Date: January 28, 1994
    Last Structure Change Process Date: Febuary 10, 1994
    Last Data Update: Febuary 10, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 College Street, Greenville, SC 29601
    County: Greenville
    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
    Metropolitan Statistical Area (MSA): Greenville-Spartanburg-Anderson, SC (#3160)
    Combined Statistical Area (CSA): Greenville-Spartanburg-Anderson, SC (#273)
    Core Based Statistical Area (CBSA): Greenville-Mauldin-Easley, SC (#24860)
    CBSA Metro Statistical Area: Greenville-Mauldin-Easley, SC (#24860)
  • Financial Summary
  • Total assets: $2,057.6 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)
  • $1,004Total assets
  • $2,057,550Cash and due from depository institutions
  • $59,545Interest-bearing balances
  • $11,010Securities
  • $496,606Federal funds sold & reverse repurchase agreements
  • $20,000Net loans & leases
  • $1,354,385Loan loss allowance
  • $22,867Trading account assets
  • $0Bank premises and fixed assets
  • $22,885Other real estate owned
  • $5,438Goodwill and other intangibles
  • $96,944Life insurance assets
  • $1,747All other assets
  • $0Total liabilities and capital
  • $2,057,550Total liabilities
  • $2,021,661Total deposits
  • $1,546,070Interest-bearing deposits
  • $1,418,639Deposits held in domestic offices
  • 1546070.00%% insured (estimated)
  • $90Federal funds purchased & repurchase agreements
  • $53,212Trading liabilities
  • $0Other borrowed funds
  • $349,446Subordinated debt
  • $8,033All other liabilities
  • $64,896Total equity capital
  • $64,896Total bank equity capital
  • $35,889Perpetual preferred stock
  • $0Common stock
  • $9,233Surplus
  • $43,613Undivided profits
  • Memoranda
  • $-16,957Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,964Income earned, not collected on loans
  • $5,085Earning assets
  • $1,882,001Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $2,066,756Average Assets, quarterly
  • $2,076,490Volatile liabilities
  • $665,618Insider loans
  • $215FHLB advances
  • $349,446Loans and leases held for sale
  • $0Unused loan commitments
  • $251,454Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $33,441Total risk weighted assets
  • $1,148,919Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $139,653Total interest expense
  • $81,739Net interest income
  • $57,914Provision for loan and lease losses
  • $57,163Total noninterest income
  • $10,390Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $10,390Total noninterest expense
  • $95,363Salaries and employee benefits
  • $38,244Premises and equipment expense
  • $22,254Additional noninterest expense
  • $34,865Pre-tax net operating income
  • -$84,222Securities gains (losses)
  • $4,246Applicable income taxes
  • -$18,676Income before extraordinary items
  • -$61,300Extraordinary gains - net
  • -$23,689Net income attributable to bank
  • -$84,989Net charge-offs
  • $47,754Cash dividends
  • $8Sale, conversion, retirement of capital stock, net
  • $5,215Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.54%Cost of funding earning assets
  • 4.42%Net interest margin
  • 3.13%Noninterest income to earning assets
  • 0.56%Noninterest expense to earning assets
  • 5.15%Net operating income to assets
  • -3.12%Return on assets (ROA)
  • -4.11%Pretax return on assets
  • -5.02%Return on equity (ROE)
  • -79.44%Retained earnings to average equity (YTD only)
  • -79.45%Net charge-offs to loans
  • 3.37%Credit loss provision to net charge-offs
  • 119.70%Efficiency ratio
  • 137,665Assets per employee
  • 2.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -0.01%Loss allowance to loans
  • 1.66%Loss allowance to noncurrent loans
  • 229.50%Noncurrent assets plus other real estate owned to assets
  • 0.75%Noncurrent loans to loans
  • 0.72%Net loans and leases to deposits
  • 87.60%Net loans and leases to core deposits
  • 105.55%Equity capital to assets
  • 1.74%Core capital (leverage) ratio
  • 1.64%Tier 1 risk-based capital ratio
  • 2.91%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $2,066,756Average earning assets
  • $106,983Average equity
  • $1,851,333Average loans

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