FDIC Certificate #: 17200 Status: Inactive Closing history: Corrections Acquiring institution:South Carolina Community Bank (#35241) Federal Reserve ID: 510723 Date Established: October 13, 1921 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 11229 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: April 01, 1953 Last Structure Change Effective Date: March 29, 1999 Last Structure Change Process Date: March 30, 1999 Last Data Update: April 07, 1999 Data Source Date: April 05, 2012
Location
Address: 1545 Sumter Street, Columbia, SC 29201 County: Richland 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)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $13.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
9Total employees (full-time equivalent)
$13,205Total assets
$2,332Cash and due from depository institutions
$1,475Interest-bearing balances
$1,972Securities
$1,000Federal funds sold & reverse repurchase agreements
$6,693Net loans & leases
$279Loan loss allowance
$0Trading account assets
$1,006Bank premises and fixed assets
$22Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$180All other assets
$13,205Total liabilities and capital
$12,971Total liabilities
$12,887Total deposits
$11,149Interest-bearing deposits
$12,887Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$84All other liabilities
$234Total equity capital
$234Total bank equity capital
$234Perpetual preferred stock
$0Common stock
$1,229Surplus
$1,314Undivided profits
Memoranda
$-2,309Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$673Earning assets
$0Long-term assets (5+ years)
$71Average Assets, year-to-date
$11,140Average Assets, quarterly
$919Volatile liabilities
$15,213Insider loans
$13,719FHLB advances
$3,602Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,125Total unused commitments
$0Restructured Loans and leases
$7,800Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$1,047Total interest income
$474Total interest expense
$573Net interest income
$347Provision for loan and lease losses
$180Total noninterest income
$0Fiduciary activities
$171Service charges on deposit accounts
$0Trading account gains & fees
$9Additional noninterest income
$1,202Total noninterest expense
$465Salaries and employee benefits
$205Premises and equipment expense
$532Additional noninterest expense
-$796Pre-tax net operating income
-$2Securities gains (losses)
$0Applicable income taxes
-$798Income before extraordinary items
$0Extraordinary gains - net
-$798Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$352Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.95%Yield on earning assets
3.60%Cost of funding earning assets
4.35%Net interest margin
1.37%Noninterest income to earning assets
9.13%Noninterest expense to earning assets
-5.23%Net operating income to assets
-5.25%Return on assets (ROA)
-5.25%Pretax return on assets
-106.17%Return on equity (ROE)
-106.17%Retained earnings to average equity (YTD only)
4.74%Net charge-offs to loans
98.58%Credit loss provision to net charge-offs
-1.28%Efficiency ratio
159,628Assets per employee
1.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.00%Loss allowance to noncurrent loans
41.46%Noncurrent assets plus other real estate owned to assets
5.26%Noncurrent loans to loans
9.65%Net loans and leases to deposits
51.94%Net loans and leases to core deposits
72.08%Equity capital to assets
1.77%Core capital (leverage) ratio
1.67%Tier 1 risk-based capital ratio
3.03%Total risk-based capital ratio
Memoranda
$4Average assets
$15,213Average earning assets
$752Average equity
$13,162Average loans
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