Bankmeridian, N.A.
Columbia, SC — National Bank
Acquired Jul 2011
Vitals
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Total Assets232.6M -19.0 %
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Total Deposits209.7M -12.9 %
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Total Net Loans152.1M -27.6 %
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Net Income-6531000.0000 -268.6 %
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Book Value1.7M -91.4 %
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Book Value x23.3M -91.4 %
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Book Value x35.0M -91.4 %
Balance Sheet Highlights
| Financial Highlights | Bankmeridian, N.A. | All Insured Commercial Banks in South Carolina |
| Balance Sheet $(000) | ||
| Total Assets | 232,648 | 318,142 |
| Total Net Loans | 152,068 | 200,206 |
| Total Deposits | 209,737 | 265,325 |
| Total Equity | 1,652 | 28,697 |
| Profitability | ||
| Net Income | -6,531 | -476 |
| Return on Average Assets | -5.35 | -.287 |
| Return on Average Equity | -316.911 | -4.603 |
| Net Interest Margin | 2.187 | 3.655 |
| Efficiency Ratio | 246.15 | 82.801 |
| Noninterest Income/Revenue | -12.481 | 14.186 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 72.504 | 73.254 |
| Securities/Assets | .147 | .189 |
| Total Equity/Total Assets | .007 | .09 |
| Tangible Equity/Tangible Assets | .007 | .089 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 1,563 | 27,898 |
| Tier 2 Capital | 1,563 | 2,743 |
| Total Capital | 3,126 | 30,808 |
| Total Risk Weighted Assets | 161,341 | 217,528 |
| Leverage Ratio | .65 | 9.202 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | .97 | 14.041 |
| Total Capital Ratio | 1.94 | 15.332 |
Timeline for Bankmeridian, N.A.
Bankmeridian, N.A. was acquired by 12 years
Jul 30 2011
South State Bank
Bankmeridian, N.A. was acquired by South State Bank 12 years
View Profile Jul 30 2011
Bankmeridian, N.A.
Bankmeridian, N.A. was established 18 years ago and is currently headquartered in Columbia, SC.
May 18 2006| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| South State Bank | Buyer | 8,794,031 | Failure | 7/30/2011 |
| Relationships | Role | Relationship Start | Relationship End |
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