Seneca National Bank
Seneca, SC — Domestic Branch of a Domestic Bank
Acquired Apr 2012
Vitals
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Total Assets80.7M 6.3 %
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Total Deposits69.6M 4.4 %
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Total Net Loans39.1M -8.5 %
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Net Income979000.0000 1,123.8 %
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Book Value8.9M 26.0 %
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Book Value x217.7M 26.0 %
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Book Value x326.6M 26.0 %
Balance Sheet Highlights
| Financial Highlights | Seneca National Bank | All Insured Commercial Banks in South Carolina |
| Balance Sheet $(000) | ||
| Total Assets | 80,714 | 358,546 |
| Total Net Loans | 39,139 | 208,493 |
| Total Deposits | 69,552 | 299,059 |
| Total Equity | 8,855 | 34,344 |
| Profitability | ||
| Net Income | 979 | 390 |
| Return on Average Assets | 5.027 | .454 |
| Return on Average Equity | 46.346 | 4.464 |
| Net Interest Margin | 4.048 | 3.735 |
| Efficiency Ratio | 32.961 | 75.788 |
| Noninterest Income/Revenue | 42.866 | 19.503 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 56.273 | 69.787 |
| Securities/Assets | .328 | .21 |
| Total Equity/Total Assets | .11 | .096 |
| Tangible Equity/Tangible Assets | .11 | .094 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 7,436 | 33,205 |
| Tier 2 Capital | 595 | 2,984 |
| Total Capital | 8,031 | 36,181 |
| Total Risk Weighted Assets | 47,288 | 227,734 |
| Leverage Ratio | 9.62 | 9.396 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 15.72 | 14.588 |
| Total Capital Ratio | 16.98 | 15.848 |
Timeline for Seneca National Bank
South State Bank
Seneca National Bank was acquired by South State Bank 12 years
View Profile Apr 25 2012
Seneca National Bank
Seneca National Bank was established 25 years ago and is currently headquartered in Seneca, SC.
Feb 05 1999
Peoples Bancorporation, Inc.
Peoples Bancorporation, Inc. became a new parent organization for Seneca National Bank.
View Profile Feb 05 1999| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| South State Bank | Buyer | 8,794,031 | Acquisition | Discontinued | 4/25/2012 |
| Relationships | Role | Relationship Start | Relationship End |
| Peoples Bancorporation, Inc. | Parent | 2/5/1999 | 4/24/2012 |
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