United Savings Bank, FSB in Greenwood, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 06, 1995

  • United Savings Bank, FSB in Greenwood, South Carolina (SC)
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United Savings Bank, FSB - Overview

  • General
  • FDIC Certificate #: 29484
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Union National Bank of South Carolina (#18395)
    Federal Reserve ID: 272973
    Date Established: January 01, 1921
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3532
    FDIC's unique #: 42318
    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: November 23, 1942
    Last Structure Change Effective Date: October 06, 1995
    Last Structure Change Process Date: October 24, 1995
    Last Data Update: October 24, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 425 Main Street, Greenwood, SC 29646
    County: Greenwood
    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
    Core Based Statistical Area (CBSA): Greenwood, SC (#24940)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $460.6 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)
  • $126Total assets
  • $469,367Cash and due from depository institutions
  • $3,552Interest-bearing balances
  • $1,184Securities
  • $64,098Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $384,034Loan loss allowance
  • $2,654Trading account assets
  • $0Bank premises and fixed assets
  • $3,412Other real estate owned
  • $2,067Goodwill and other intangibles
  • $11,293Life insurance assets
  • $911All other assets
  • $0Total liabilities and capital
  • $469,367Total liabilities
  • $433,212Total deposits
  • $333,731Interest-bearing deposits
  • $328,120Deposits held in domestic offices
  • 333731.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $2,796Trading liabilities
  • $0Other borrowed funds
  • $94,247Subordinated debt
  • $0All other liabilities
  • $2,438Total equity capital
  • $2,438Total bank equity capital
  • $36,155Perpetual preferred stock
  • $0Common stock
  • $2,034Surplus
  • $14,833Undivided profits
  • Memoranda
  • $19,288Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $836Income earned, not collected on loans
  • $2,000Earning assets
  • $449,316Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $439,191Average Assets, quarterly
  • $467,082Volatile liabilities
  • $150,672Insider loans
  • $591FHLB advances
  • $94,247Loans and leases held for sale
  • $0Unused loan commitments
  • $17,536Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $35,823Total risk weighted assets
  • $273,367Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $30,856Total interest expense
  • $18,496Net interest income
  • $12,360Provision for loan and lease losses
  • $931Total noninterest income
  • $2,397Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $2,397Total noninterest expense
  • $9,341Salaries and employee benefits
  • $4,562Premises and equipment expense
  • $1,483Additional noninterest expense
  • $3,296Pre-tax net operating income
  • $4,485Securities gains (losses)
  • $305Applicable income taxes
  • $1,768Income before extraordinary items
  • $3,022Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,022Net charge-offs
  • $271Cash dividends
  • $0Sale, 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
  • 7.38%Cost of funding earning assets
  • 4.43%Net interest margin
  • 2.96%Noninterest income to earning assets
  • 0.57%Noninterest expense to earning assets
  • 2.24%Net operating income to assets
  • 0.64%Return on assets (ROA)
  • 0.69%Pretax return on assets
  • 1.09%Return on equity (ROE)
  • 8.52%Retained earnings to average equity (YTD only)
  • 8.52%Net charge-offs to loans
  • 0.08%Credit loss provision to net charge-offs
  • 343.54%Efficiency ratio
  • 62,011Assets per employee
  • 3.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.69%Loss allowance to noncurrent loans
  • 317.46%Noncurrent assets plus other real estate owned to assets
  • 0.58%Noncurrent loans to loans
  • 0.22%Net loans and leases to deposits
  • 115.07%Net loans and leases to core deposits
  • 137.11%Equity capital to assets
  • 7.70%Core capital (leverage) ratio
  • 7.64%Tier 1 risk-based capital ratio
  • 13.10%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $439,191Average earning assets
  • $35,474Average equity
  • $417,936Average loans

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