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3-1. Comparative Statement of Condition of South Carolina State Banks (in Thousands): 1996-1997

                                                            December 31, 1996         June 30, 1997
                                                                 53 Banks                56 Banks
                                                               421 Branches            429 Branches
                                                             1 Night Deposit         1 Night Deposit
                                                           6 Free Standing ATMs   40 Free Standing ATMs
ASSETS AND LIABILITIES                                      20 Scrip Machines       20 Scrip Machines

ASSETS: Cash & Due from Depository Institutions $571,511 $546,604 Held-to-Maturity Securities $891,484 $925,391 Available-for-Sale Securities $1,904,902 $1,964,550 Federal Funds Sold & Securities Purchased 1/ $182,786 $284,332 Loans, Net of Unearned Income & Reserve for Losses 2/ $7,681,934 $8,221,426 Bank Premises, Furniture & Fixtures $247,188 $260,296 Other Real Estate Owned $14,695 $12,437 Intangible Assets $65,289 $68,780 All Other Assets $186,840 $195,640 TOTAL ASSETS $11,746,629 $12,479,456 LIABILITIES: Deposits $9,767,105 $10,317,149 Federal Funds Purchased & Securities Sold 1/ $554,530 $563,891 Demand Notes to U.S. Treasury & Other Borrowed Money $251,980 $413,828 Mortgage Indebtedness & Liability for Capitalized Leases $2,319 --- Subordinated Notes & Debentures $4,500 $4,500 Other Liabilities $89,384 $95,736 TOTAL LIABILITIES $10,669,818 $11,395,104 EQUITY: Preferred Stock --- --- Common Stock $98,040 $104,916 Surplus $664,032 $684,957 Undivided Profits & Capital Reserves $313,972 $294,326 Net Unrealized Losses on AFS Securities $767 $153 TOTAL EQUITY CAPITAL $1,076,811 $1,084,352 TOTAL LIABILITIES AND EQUITY CAPITAL $11,746,629 $12,479,456 *Reserve for Possible Loan Losses: $104,942 $111,363
1/ Securities purchased or sold under agreements to resell or repurchase.

2/: Reserve for possible loan losses.

Note: Detail may not add to totals due to rounding.

Source: S.C. State Board of Financial Institutions, Annual Report 1996-1997.

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