The Saluda County Bank in Saluda, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 09, 1999

  • The Saluda County Bank in Saluda, South Carolina (SC)
  • Show street view No street view available for this location

The Saluda County Bank - Overview

  • General
  • FDIC Certificate #: 27133
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Anchor Bank (#21758)
    Federal Reserve ID: 1161935
    Date Established: December 18, 1987
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 38846
    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: December 18, 1987
    Last Structure Change Effective Date: October 09, 1999
    Last Structure Change Process Date: December 15, 1999
    Last Data Update: December 15, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 North Main Street, Saluda, SC 29138
    County: Saluda
    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
    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: $42.7 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 13Total employees (full-time equivalent)
  • $41,259Total assets
  • $1,217Cash and due from depository institutions
  • $0Interest-bearing balances
  • $8,167Securities
  • $1,475Federal funds sold & reverse repurchase agreements
  • $29,187Net loans & leases
  • $433Loan loss allowance
  • $0Trading account assets
  • $683Bank premises and fixed assets
  • $34Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $496All other assets
  • $41,259Total liabilities and capital
  • $37,768Total liabilities
  • $37,370Total deposits
  • $35,807Interest-bearing deposits
  • $37,370Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $398All other liabilities
  • $3,491Total equity capital
  • $3,491Total bank equity capital
  • $3,491Perpetual preferred stock
  • $0Common stock
  • $802Surplus
  • $1,309Undivided profits
  • Memoranda
  • $1,380Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $354Earning assets
  • $0Long-term assets (5+ years)
  • $359Average Assets, year-to-date
  • $38,829Average Assets, quarterly
  • $2,891Volatile liabilities
  • $39,283Insider loans
  • $41,018FHLB advances
  • $5,052Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,233Total unused commitments
  • $0Restructured Loans and leases
  • $30,510Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $3,215Total interest income
  • $1,575Total interest expense
  • $1,640Net interest income
  • $60Provision for loan and lease losses
  • $258Total noninterest income
  • $0Fiduciary activities
  • $126Service charges on deposit accounts
  • $0Trading account gains & fees
  • $132Additional noninterest income
  • $913Total noninterest expense
  • $347Salaries and employee benefits
  • $133Premises and equipment expense
  • $433Additional noninterest expense
  • $925Pre-tax net operating income
  • $21Securities gains (losses)
  • $327Applicable income taxes
  • $619Income before extraordinary items
  • $0Extraordinary gains - net
  • $619Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$38Sale, conversion, retirement of capital stock, net
  • $360Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.72%Yield on earning assets
  • 4.27%Cost of funding earning assets
  • 4.45%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 2.48%Noninterest expense to earning assets
  • 1.54%Net operating income to assets
  • 1.58%Return on assets (ROA)
  • 2.41%Pretax return on assets
  • 18.57%Return on equity (ROE)
  • 7.77%Retained earnings to average equity (YTD only)
  • -0.13%Net charge-offs to loans
  • -157.89%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 48,103Assets per employee
  • 3.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.16%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 122.32%Noncurrent assets plus other real estate owned to assets
  • 0.94%Noncurrent loans to loans
  • 1.20%Net loans and leases to deposits
  • 78.10%Net loans and leases to core deposits
  • 90.31%Equity capital to assets
  • 8.46%Core capital (leverage) ratio
  • 8.34%Tier 1 risk-based capital ratio
  • 11.31%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $39,283Average earning assets
  • $3,333Average equity
  • $36,881Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Saluda County Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents