Sunbank, N.A.
Murrells Inlet, SC — Domestic Branch of a Domestic Bank
Acquired Mar 2006
Vitals
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Total Assets115.0M 35.9 %
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Total Deposits85.1M 20.9 %
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Total Net Loans76.1M 2.4 %
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Net Income98000.0000 -38.0 %
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Book Value29.2M 228.9 %
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Book Value x258.4M 228.9 %
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Book Value x387.5M 228.9 %
Balance Sheet Highlights
Financial Highlights | Sunbank, N.A. | All Insured Commercial Banks in South Carolina |
Balance Sheet $(000) | ||
Total Assets | 115,019 | 293,376 |
Total Net Loans | 76,116 | 214,754 |
Total Deposits | 85,063 | 239,830 |
Total Equity | 29,176 | 27,781 |
Profitability | ||
Net Income | 98 | 6,628 |
Return on Average Assets | .835 | 1.093 |
Return on Average Equity | 6.197 | 10.98 |
Net Interest Margin | 4.936 | 4.318 |
Efficiency Ratio | 67.828 | 63.289 |
Noninterest Income/Revenue | 9.102 | 13.66 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 89.482 | 83.934 |
Securities/Assets | .035 | .333 |
Total Equity/Total Assets | .254 | .095 |
Tangible Equity/Tangible Assets | .102 | -.052 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 11,762 | 26,580 |
Tier 2 Capital | 1,002 | 2,578 |
Total Capital | 12,764 | 29,157 |
Total Risk Weighted Assets | 79,987 | 226,226 |
Leverage Ratio | 12.96 | 10.618 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 14.7 | 15.461 |
Total Capital Ratio | 15.96 | 16.636 |
Timeline for Sunbank, N.A.
South State Corporation
South State Corporation became a new parent organization for Sunbank, N.A..
View Profile Nov 19 2005Sunbank, N.A.
Sunbank, N.A. was established 23 years ago and is currently headquartered in Murrells Inlet, SC.
Nov 15 2000Sun Bancshares, Inc.
Sun Bancshares, Inc. became a new parent organization for Sunbank, N.A..
View Profile Nov 15 2000Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
South State Bank | Buyer | 8,794,031 | Pooling of Interests | Discontinued | 3/25/2006 |
Relationships | Role | Relationship Start | Relationship End |
South State Corporation | Parent | 11/19/2005 | 3/24/2006 |
Sun Bancshares, Inc. | Parent | 11/15/2000 | 11/18/2005 |
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