Victory State Bank in Columbia, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 29, 1999

  • Victory State Bank in Columbia, South Carolina (SC)
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Victory State Bank - Overview

  • General
  • 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
  • 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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