Vitals
  • Total Assets
    377.4M 0.5 %
  • Total Deposits
    295.7M 7.3 %
  • Total Net Loans
    209.1M 2.5 %
  • Net Income
    3.3M -4.6 %
  • Book Value
    39.9M -1.6 %
  • Book Value x2
    79.8M -1.6 %
  • Book Value x3
    119.7M -1.6 %
ROAA

.862

ROAE

7.937

Efficiency Ratio

70.603

Net Interest Margin

3.307

Balance Sheet Highlights
Financial Highlights Greer State Bank All Insured Commercial Banks in South Carolina
Balance Sheet $(000)
Total Assets 377,375 396,146
Total Net Loans 209,088 246,095
Total Deposits 295,694 337,242
Total Equity 39,899 39,753
Profitability
Net Income 3,270 2,936
Return on Average Assets .862 .658
Return on Average Equity 7.937 6.043
Net Interest Margin 3.307 3.683
Efficiency Ratio 70.603 77.076
Noninterest Income/Revenue 20.091 19.526
Balance Sheet Ratios
Loan-to-Deposit 70.711 72.161
Securities/Assets .327 .198
Total Equity/Total Assets .106 .1
Tangible Equity/Tangible Assets .106 .099
Capital Adequacy
Tier 1 Common Capital 39,510 39,215
Tier 1 Capital 39,510 39,215
Tier 2 Capital 3,105 2,972
Total Capital 42,615 42,275
Total Risk Weighted Assets 262,151 268,714
Leverage Ratio 10.48 10.143
Common Equity Tier 1 Capital Ratio 15.07 15.311
Tier 1 Capital Ratio 15.07 15.311
Total Capital Ratio 16.26 16.421

Timeline for Greer State Bank

Greer Financial Services Corporation

Acquisition: Greer State Bank acquired a new subsidiary, Greer Financial Services Corporation , 16 years

View Profile Oct 01 2007

Greer Bancshares Incorporated

Greer Bancshares Incorporated became a new parent organization for Greer State Bank.

View Profile Jul 21 2001

Greer Financial Services Corporation

Greer Financial Services Corporation became a new subsidiary organization for Greer State Bank.

View Profile Jul 06 1998

Greer State Bank

Greer State Bank was established 35 years ago and is currently headquartered in Greer, SC.

Jan 03 1989
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Greer Financial Services Corporation Seller Pooling of Interests Discontinued 10/1/2007
Relationships Role Relationship Start Relationship End
Greer Bancshares Incorporated Parent 7/21/2001
Greer Financial Services Corporation Subsidary 6/30/2007 9/30/2007
Greer Financial Services Corporation Subsidary 7/6/1998 6/29/2007
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