Woodlands Bank in Bluffton, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 16, 2010

  • Woodlands Bank in Bluffton, South Carolina (SC)
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Woodlands Bank - Overview

  • General
  • FDIC Certificate #: 32571
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Bank of the Ozarks (#110)
    Federal Reserve ID: 75174
    Date Established: November 04, 1987
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8464
    FDIC's unique #: 45405
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: November 04, 1987
    Last Structure Change Effective Date: July 16, 2010
    Last Structure Change Process Date: July 19, 2010
    Last Data Update: July 19, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 27 Towne Drive, Bluffton, SC 29910
    County: Beaufort
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Dallas
    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): Hilton Head Island-Beaufort, SC (#25940)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $382.8 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, 2009)

  • Dollar figures in thousands
  • 45Total employees (full-time equivalent)
  • $387,972Total assets
  • $2,262Cash and due from depository institutions
  • $597Interest-bearing balances
  • $22,822Securities
  • $56,091Federal funds sold & reverse repurchase agreements
  • $289,603Net loans & leases
  • $8,440Loan loss allowance
  • $0Trading account assets
  • $2,908Bank premises and fixed assets
  • $7,066Other real estate owned
  • $3,214Goodwill and other intangibles
  • $0Life insurance assets
  • $4,006All other assets
  • $387,972Total liabilities and capital
  • $371,124Total liabilities
  • $348,695Total deposits
  • $344,045Interest-bearing deposits
  • $348,695Deposits held in domestic offices
  • 97.83%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $21,500Other borrowed funds
  • $0Subordinated debt
  • $929All other liabilities
  • $16,848Total equity capital
  • $16,848Total bank equity capital
  • $16,848Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $44,429Undivided profits
  • Memoranda
  • $-27,582Noncurrent loans and leases
  • $5,113Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $17,974Earning assets
  • $0Long-term assets (5+ years)
  • $1,525Average Assets, year-to-date
  • $369,113Average Assets, quarterly
  • $0Volatile liabilities
  • $370,747Insider loans
  • $381,696FHLB advances
  • $62,882Loans and leases held for sale
  • $2,348Unused loan commitments
  • $21,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,113Total unused commitments
  • $16,219Restructured Loans and leases
  • $3,534Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $19,678Total interest income
  • $9,842Total interest expense
  • $9,836Net interest income
  • $9,312Provision for loan and lease losses
  • $269Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $269Additional noninterest income
  • $12,225Total noninterest expense
  • $5,003Salaries and employee benefits
  • $3,389Premises and equipment expense
  • $3,833Additional noninterest expense
  • -$11,432Pre-tax net operating income
  • $129Securities gains (losses)
  • $0Applicable income taxes
  • -$11,303Income before extraordinary items
  • $0Extraordinary gains - net
  • -$11,303Net income attributable to bank
  • $0Net charge-offs
  • -$11,303Cash dividends
  • $3,916Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.74%Yield on earning assets
  • 2.87%Cost of funding earning assets
  • 2.87%Net interest margin
  • 0.08%Noninterest income to earning assets
  • 3.56%Noninterest expense to earning assets
  • -3.08%Net operating income to assets
  • -3.05%Return on assets (ROA)
  • -3.05%Pretax return on assets
  • -47.41%Return on equity (ROE)
  • -47.41%Retained earnings to average equity (YTD only)
  • 1.25%Net charge-offs to loans
  • 237.79%Credit loss provision to net charge-offs
  • -0.54%Efficiency ratio
  • 120,317Assets per employee
  • 8.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.83%Loss allowance to noncurrent loans
  • 46.96%Noncurrent assets plus other real estate owned to assets
  • 6.45%Noncurrent loans to loans
  • 6.03%Net loans and leases to deposits
  • 83.05%Net loans and leases to core deposits
  • 94.24%Equity capital to assets
  • 4.34%Core capital (leverage) ratio
  • 3.57%Tier 1 risk-based capital ratio
  • 4.86%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $370,747Average earning assets
  • $23,841Average equity
  • $343,061Average loans

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