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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