The Lexington State Bank in Lexington, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 11, 1995

  • The Lexington State Bank in Lexington, South Carolina (SC)
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The Lexington State Bank - Overview

  • General
  • FDIC Certificate #: 19560
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company of South Carolina (#21098)
    Federal Reserve ID: 62222
    Date Established: March 10, 1966
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 18 (Interstate: No)
    OTS Docket #: 10494
    FDIC's unique #: 13360
    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: March 10, 1966
    Last Structure Change Effective Date: November 11, 1995
    Last Structure Change Process Date: January 11, 1996
    Last Data Update: January 11, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 309 Columbia Avenue, Lexington, SC 29072
    County: Lexington
    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): Columbia, SC (#1760)
    Combined Statistical Area (CSA): Columbia-Newberry, SC (#192)
    Core Based Statistical Area (CBSA): Columbia, SC (#17900)
    CBSA Metro Statistical Area: Columbia, SC (#17900)
  • Financial Summary
  • Total assets: $566.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $305Total assets
  • $588,110Cash and due from depository institutions
  • $36,195Interest-bearing balances
  • $86Securities
  • $178,335Federal funds sold & reverse repurchase agreements
  • $15,000Net loans & leases
  • $331,041Loan loss allowance
  • $4,135Trading account assets
  • $3,346Bank premises and fixed assets
  • $11,745Other real estate owned
  • $781Goodwill and other intangibles
  • $11,609Life insurance assets
  • $58All other assets
  • $0Total liabilities and capital
  • $588,110Total liabilities
  • $541,981Total deposits
  • $463,193Interest-bearing deposits
  • $392,729Deposits held in domestic offices
  • 463193.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $69,840Trading liabilities
  • $0Other borrowed funds
  • $4,714Subordinated debt
  • $0All other liabilities
  • $4,234Total equity capital
  • $4,234Total bank equity capital
  • $46,129Perpetual preferred stock
  • $0Common stock
  • $3,184Surplus
  • $21,044Undivided profits
  • Memoranda
  • $21,901Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,752Income earned, not collected on loans
  • $2,270Earning assets
  • $527,808Long-term assets (5+ years)
  • $105,387Average Assets, year-to-date
  • $595,743Average Assets, quarterly
  • $582,138Volatile liabilities
  • $96,693Insider loans
  • $1,637FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $75,518Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $48,913Total risk weighted assets
  • $382,181Total unused commitments
  • $0Restructured Loans and leases
  • $2Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $39,754Total interest expense
  • $15,783Net interest income
  • $23,971Provision for loan and lease losses
  • $2,021Total noninterest income
  • $6,866Fiduciary activities
  • $442Service charges on deposit accounts
  • $3,635Trading account gains & fees
  • $140Additional noninterest income
  • $2,649Total noninterest expense
  • $21,577Salaries and employee benefits
  • $11,424Premises and equipment expense
  • $2,764Additional noninterest expense
  • $7,389Pre-tax net operating income
  • $7,239Securities gains (losses)
  • -$68Applicable income taxes
  • $2,074Income before extraordinary items
  • $5,097Extraordinary gains - net
  • $0Net income attributable to bank
  • $5,097Net charge-offs
  • $1,999Cash dividends
  • $2,432Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.43%Cost of funding earning assets
  • 2.95%Net interest margin
  • 4.48%Noninterest income to earning assets
  • 1.28%Noninterest expense to earning assets
  • 4.03%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 0.86%Pretax return on assets
  • 1.20%Return on equity (ROE)
  • 10.77%Retained earnings to average equity (YTD only)
  • 5.63%Net charge-offs to loans
  • 0.60%Credit loss provision to net charge-offs
  • 101.10%Efficiency ratio
  • 69,877Assets per employee
  • 1.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.71%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 236.02%Noncurrent assets plus other real estate owned to assets
  • 0.43%Noncurrent loans to loans
  • 0.52%Net loans and leases to deposits
  • 71.47%Net loans and leases to core deposits
  • 75.69%Equity capital to assets
  • 7.84%Core capital (leverage) ratio
  • 8.42%Tier 1 risk-based capital ratio
  • 12.80%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $595,743Average earning assets
  • $47,320Average equity
  • $534,874Average loans

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