The Peoples Bank in Iva, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Peoples Bank - Overview

  • General
  • FDIC Certificate #: 16968
    Status: Active
    Federal Reserve ID: 285928
    Bank Holding Company (Regulatory Top Holder): Peoples Financial Group, Inc. (RSSDID: 2916020, Location: Iva, SC)
    Date Established: January 02, 1951
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 14179
    FDIC's unique #: 11044
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 02, 1951
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 801 East Front Street, Iva, SC 29655
    County: Anderson
    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): Anderson, SC (#11340)
    CBSA Metro Statistical Area: Anderson, SC (#11340)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $252.7 mil
    Equity capital: $22.6 mil
    Deposits held in domestic offices: $205.5 mil
    Return on assets (ROA): 0.93% ($2.4 mil)
    Quarterly return on assets: 0.26% ($0.7 mil)
    Return on Equity (ROE): 10.64% ($2.4 mil)
    Quarterly return on equity: 2.81% ($0.6 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.94% ($2,375.6 mil)
    Quarterly Pretax return on assets: 0.26% ($657.1 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
  • 65Total employees (full-time equivalent)
  • $252,725Total assets
  • $16,508Cash and due from depository institutions
  • $10,625Interest-bearing balances
  • $62,996Securities
  • $2,911Federal funds sold & reverse repurchase agreements
  • $149,144Net loans & leases
  • $3,357Loan loss allowance
  • $0Trading account assets
  • $6,925Bank premises and fixed assets
  • $5,760Other real estate owned
  • $0Goodwill and other intangibles
  • $252,725Life insurance assets
  • $8,481All other assets
  • $230,099Total liabilities and capital
  • $205,470Total liabilities
  • $189,836Total deposits
  • $205,470Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $23,100Trading liabilities
  • $0Other borrowed funds
  • $1,529Subordinated debt
  • $22,626All other liabilities
  • $22,626Total equity capital
  • $22,626Total bank equity capital
  • $0Perpetual preferred stock
  • $2,613Common stock
  • $5,900Surplus
  • $14,113Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $761Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,262Income earned, not collected on loans
  • $0Earning assets
  • $1,043Long-term assets (5+ years)
  • $225,676Average Assets, year-to-date
  • $96,699Average Assets, quarterly
  • $247,134Volatile liabilities
  • $252,146Insider loans
  • $161,943FHLB advances
  • $253,042Loans and leases held for sale
  • $5,426Unused loan commitments
  • $5,426Tier 1 (core) risk-based capital
  • $21,327Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,581Restructured Loans and leases
  • $7,018Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,038Total interest income
  • $2,899Total interest expense
  • $8,139Net interest income
  • $1,476Provision for loan and lease losses
  • $2,001Total noninterest income
  • $0Fiduciary activities
  • $984Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,017Additional noninterest income
  • $6,875Total noninterest expense
  • $3,552Salaries and employee benefits
  • $865Premises and equipment expense
  • $2,458Additional noninterest expense
  • $1,789Pre-tax net operating income
  • $532Securities gains (losses)
  • $24Applicable income taxes
  • $2,297Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,297Net income attributable to bank
  • $0Net charge-offs
  • $2,297Cash dividends
  • $2,265Sale, conversion, retirement of capital stock, net
  • $359Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.01%Yield on earning assets
  • 1.32%Cost of funding earning assets
  • 3.70%Net interest margin
  • 0.91%Noninterest income to earning assets
  • 3.12%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.93%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 10.64%Return on equity (ROE)
  • 8.98%Retained earnings to average equity (YTD only)
  • 1.48%Net charge-offs to loans
  • 65.17%Credit loss provision to net charge-offs
  • 1.44%Efficiency ratio
  • 67,801Assets per employee
  • 3.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 15.63%Loss allowance to loans
  • 2.20%Loss allowance to noncurrent loans
  • 25.31%Noncurrent assets plus other real estate owned to assets
  • 7.53%Noncurrent loans to loans
  • 8.70%Net loans and leases to deposits
  • 72.59%Net loans and leases to core deposits
  • 77.77%Equity capital to assets
  • 8.95%Core capital (leverage) ratio
  • 8.43%Tier 1 risk-based capital ratio
  • 13.17%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $247,134Average earning assets
  • $21,582Average equity
  • $220,101Average loans

List of branches

  • 6 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011044The Peoples Bank801 East Front Street, Iva, SC 29655January 02, 1951Full Service Brick and Mortar
    1239781Homeland Park Branch3010 South Main Street, Anderson, SC 29624December 07, 1981Full Service Brick and Mortar
    2239782Downtown Branch605 North Main Street, Anderson, SC 29621April 10, 1997Full Service Brick and Mortar
    3239783Clemson Boulevard Branch3901 Clemson Boulevard, Anderson, SC 29621September 08, 1999Full Service Brick and Mortar
    4445177Greenville Street Branch1921 East Greenville Street, Anderson, SC 29621October 05, 2005Full Service Brick and Mortar
    5462435Highway 24 Branch3009 Whitehall Road, Anderson, SC 29626March 23, 2007Full Service Brick and Mortar

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