The Palmetto Bank in Greenville, South Carolina (SC)



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The Palmetto Bank routing number info

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The Palmetto Bank
GeneralFDIC Certificate #: 8997
Status: Active
Federal Reserve ID: 862824
Bank Holding Company (Regulatory Top Holder): Capgen Capital Group V Lp (RSSDID: 4147006, Location: New York, NY)
Date Established: August 17, 1906
WWW: http://www.palmettobank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 34 (Domestic: 34, Interstate: No)
OTS Docket #: 14487
FDIC's unique #: 5746
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 01, 2011
Last Structure Change Process Date: April 01, 2011
Last Data Update: April 01, 2011
Data Source Date: April 05, 2012
LocationAddress: 306 East North 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)
History of ChangesChange in Location
Financial SummaryTotal assets: $1,204.5 mil
Equity capital: $102.6 mil
Deposits held in domestic offices: $1,066.9 mil
Return on assets (ROA): -1.80% (-$21.7 mil)
Quarterly return on assets: -0.73% (-$8.8 mil)
Return on Equity (ROE): -21.40% (-$22.0 mil)
Quarterly return on equity: -8.62% (-$8.9 mil)
Net income: -$23.2 mil
Quarterly Net income: -$2.2 mil
Pretax return on assets: -2.01% (-$24,210.2 mil)
Quarterly Pretax return on assets: -0.78% (-$9,395.0 mil)

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)355
Total assets$1,204,489
Cash and due from depository institutions$103,888
Interest-bearing balances$86,187
Securities$260,992
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$765,788
Loan loss allowance $25,596
Trading account assets$0
Bank premises and fixed assets$25,507
Other real estate owned$28,225
Goodwill and other intangibles$2,586
All other assets$17,503
Life insurance assets$1,204,489
Total liabilities and capital$1,101,887
Total liabilities$1,066,906
Total deposits$909,078
Interest-bearing deposits$1,066,906
Deposits held in domestic offices$90
% insured (estimated)23858.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$733
Other borrowed funds $0
Subordinated debt $10,390
All other liabilities $102,602
Total equity capital$102,602
Total bank equity capital$102,602
Perpetual preferred stock$0
Common stock$1,109
Surplus$156,211
Undivided profits $-54,718
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $17,826
Income earned, not collected on loans $53,028
Earning assets $0
Long-term assets (5+ years) $5,196
Average Assets, year-to-date $1,112,967
Average Assets, quarterly $279,968
Volatile liabilities $1,283,436
Insider loans $1,227,242
FHLB advances $866,065
Loans and leases held for sale $1,231,781
Unused loan commitments $1,571
Tier 1 (core) risk-based capital $1,571
Tier 2 risk-based capital $104,972
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $138,218
Derivatives$2,465
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $51,818
Total interest expense $9,426
Net interest income $42,392
Provision for loan and lease losses $20,500
Total noninterest income $1,966
Fiduciary activities $2,352
Service charges on deposit accounts $7,552
Trading account gains & fees $0
Additional noninterest income -$7,938
Total noninterest expense $49,844
Salaries and employee benefits $23,607
Premises and equipment expense $7,104
Additional noninterest expense $19,133
Pre-tax net operating income -$25,986
Securities gains (losses) $156
Applicable income taxes -$2,676
Income before extraordinary items -$23,154
Extraordinary gains - net $0
Net income attributable to bank -$23,154
Net charge-offs $0
Cash dividends -$23,154
Sale, conversion, retirement of capital stock, net $21,838
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.33%
Cost of funding earning assets 0.79%
Net interest margin 3.54%
Noninterest income to earning assets 0.16%
Noninterest expense to earning assets 4.16%
Net operating income to assets -1.82%
Return on assets (ROA) -1.80%
Pretax return on assets -2.01%
Return on equity (ROE) -21.40%
Retained earnings to average equity (YTD only) -21.40%
Net charge-offs to loans 2.65%
Credit loss provision to net charge-offs 93.87%
Efficiency ratio-0.25%
Assets per employee$112,368
Cash dividends to net income (YTD only)3.39%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.23%
Noncurrent assets plus other real estate owned to assets 48.27%
Noncurrent loans to loans 6.75%
Net loans and leases to deposits6.70%
Net loans and leases to core deposits 71.78%
Equity capital to assets 75.90%
Core capital (leverage) ratio 8.52%
Tier 1 risk-based capital ratio 8.52%
Total risk-based capital ratio 12.12%
Memoranda
Average assets$13
Average earning assets$1,283,436
Average equity $108,210
Average loans $1,196,819
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$246,793
Number of Accounts1
Personal trust and agency accounts$225,062
Employee benefit-defined contribution accounts$111,487
Employee benefit-defined benefit accounts$23,226
Other retirement accounts$0
Corporate trust and agency accounts$22,216
Investment management agency accounts$0
Other fiduciary accounts$68,133
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts622
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$21,731
Corporate trust and agency accounts$10,966
Other fiduciary accounts$2
Fiduciary accounts held in foreign offices$670
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34 South Carolina Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05746The Palmetto Bank306 East North Street, Greenville, SC 29601August 17, 1906Full Service Brick and Mortar
1219265North Harper Street Branch635 North Harper Street, Laurens, SC 29360August 28, 1952Full Service Brick and Mortar
2219266Church Street BranchU.S. Highway 76 And Church Street, Laurens, SC 29360November 04, 1968Full Service Brick and Mortar
3219267Fountain Inn Branch300 North Weston Street, Fountain Inn, SC 29644October 21, 1974Full Service Brick and Mortar
4219268Simpsonville BranchMaple And College Streets, Simpsonville, SC 29681March 22, 1976Full Service Brick and Mortar
5219269Haywood Road Branch470 Haywood Road, Greenville, SC 29615July 20, 1981Full Service Brick and Mortar
7219271Spartan Centre Branch101 West St. John Street, Spartanburg, SC 29304Febuary 21, 1984Full Service Brick and Mortar
10219274Hillcrest Drive Branch1544 East Main Street, Spartanburg, SC 29302January 20, 1986Full Service Brick and Mortar
11219275Duncan Branch108 East Main Street, Duncan, SC 29334Febuary 09, 1987Full Service Brick and Mortar
13219549Montague Branch701 Montague Avenue, Greenwood, SC 29646July 10, 1978Full Service Brick and Mortar
14219276South Main Street906 South Main Street, Greenwood, SC 29646May 30, 1989Full Service Brick and Mortar
15219277Clinton Branch101 West Carolina Avenue, Clinton, SC 29325August 13, 1990Full Service Brick and Mortar
16219278Greenwood Methodist Ret Com1110 Marshall Road, Greenwood, SC 29648March 05, 1991Limited Service Mobile
17219279Anderson Branch815 North Main Street, Anderson, SC 29621November 04, 1991Full Service Brick and Mortar
18219280Skyland Place Retirement Branch1705 Skylyn Drive, Spartanburg, SC 29302December 03, 1991Limited Service Mobile
19219281Haywood Estates Retirement Branch1180 Haywood Road, Greenville, SC 29615December 12, 1991Limited Service Mobile
20219282Laurens Retirement Center Branch1 Martha Franks Drive, Laurens, SC 29360January 14, 1992Limited Service Mobile
21219283Grove Road Branch722 Grove Road, Greenville, SC 29605April 19, 1993Full Service Brick and Mortar
22219284Inman Branch11500 Asheville Highway, Inman, SC 29349January 03, 1994Full Service Brick and Mortar
23219285Pendleton Branch901 South Mechanic Street, Pendleton, SC 29670June 27, 1994Full Service Brick and Mortar
25245207Gaffney Branch311 South Limestone Street, Gaffney, SC 29340March 29, 1969Full Service Brick and Mortar
26245208Blacksburg Branch203 West Cherokee Street, Blacksburg, SC 29702December 31, 1969Full Service Brick and Mortar
27275181Ninety Six Branch207 North Cambridge, Ninety Six, SC 29666January 01, 1921Full Service Brick and Mortar
28219287Woodruff Road Branch2101 Woodruff Road, Greenville, SC 29607April 20, 1998Full Service Brick and Mortar
29219288Mauldin Branch401 West Butler Road, Mauldin, SC 29662April 13, 1998Full Service Brick and Mortar
35219293Greer Branch809 West Wade Hampton Boulevard, Greer, SC 29651November 15, 1999Full Service Brick and Mortar
36275687Abbeville Branch100 West Greenwood St, Abbeville, SC 29620January 01, 1922Full Service Brick and Mortar
37363037Travelers Rest Branch570 Roe Center Court, Travelers Rest, SC 29690January 14, 2002Full Service Brick and Mortar
38363587Seneca Branch1094 Highway 123 Bypass, Seneca, SC 29678March 18, 2002Full Service Brick and Mortar
39442219Easley Branch1524 East Main Street, Easley, SC 29640March 17, 2005Full Service Brick and Mortar
40455723Boiling Springs Branch3995 Sc Highway 9, Boiling Springs, SC 29316September 25, 2006Full Service Brick and Mortar
41493519Rock Hill Branch201 Oakland Drive, Rock Hill, SC 29730August 28, 2008Full Service Brick and Mortar
42510141The Palmetto Bank At Cascades267 Old Sulpher Springs Road, Greenville, SC 29607November 05, 2008Limited Service Retail
43518149Laurens Branch101 West Main Street, Laurens, SC 29360March 01, 2011Full Service Brick and Mortar
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