Vitals
  • Total Assets
    111.0M 12.7 %
  • Total Deposits
    89.0M 11.6 %
  • Total Net Loans
    81.1M 29.7 %
  • Net Income
    791000.0000 66.5 %
  • Book Value
    14.5M 3.5 %
  • Book Value x2
    28.9M 3.5 %
  • Book Value x3
    43.4M 3.5 %
ROAA

1.013

ROAE

7.487

Efficiency Ratio

61.026

Net Interest Margin

4.591

Balance Sheet Highlights
Financial Highlights Bank Of Ridgeway All Insured Commercial Banks in South Carolina
Balance Sheet $(000)
Total Assets 110,960 317,617
Total Net Loans 81,064 238,591
Total Deposits 88,958 257,451
Total Equity 14,452 31,474
Profitability
Net Income 791 6,484
Return on Average Assets 1.013 1.197
Return on Average Equity 7.487 12.259
Net Interest Margin 4.591 4.429
Efficiency Ratio 61.026 65.389
Noninterest Income/Revenue 12.5 11.326
Balance Sheet Ratios
Loan-to-Deposit 91.126 86.032
Securities/Assets .142 .305
Total Equity/Total Assets .13 .099
Tangible Equity/Tangible Assets .076 -.028
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 8,487 30,187
Tier 2 Capital 938 2,981
Total Capital 9,425 33,168
Total Risk Weighted Assets 79,667 250,857
Leverage Ratio 8.24 11.711
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 10.65 16.671
Total Capital Ratio 11.83 17.844

Timeline for Bank Of Ridgeway

Community Resource Bank, National Association

Bank Of Ridgeway was acquired by Community Resource Bank, National Association 17 years

View Profile Oct 01 2006

Community Bankshares, Inc.

Community Bankshares, Inc. became a new parent organization for Bank Of Ridgeway.

View Profile Jul 01 2002

Ridgeway Bancshares, Inc.

Ridgeway Bancshares, Inc. became a new parent organization for Bank Of Ridgeway.

View Profile Dec 31 1999

Ridgeway Insurance Agency

Ridgeway Insurance Agency became a new subsidiary organization for Bank Of Ridgeway.

View Profile Dec 31 1999

Bank Of Ridgeway

Bank Of Ridgeway was established 125 years ago and is currently headquartered in Ridgeway, SC.

Dec 13 1898
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Community Resource Bank, National Association Buyer 572,131 Pooling of Interests Discontinued 10/1/2006
Relationships Role Relationship Start Relationship End
Community Bankshares, Inc. Parent 7/1/2002 9/30/2006
Ridgeway Bancshares, Inc. Parent 12/31/1999 6/30/2002
Ridgeway Insurance Agency Subsidary 12/31/1999 9/30/2006
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