Bank of Anderson

Bank of Anderson Locations
201 East Greenville Street
Anderson, SC 29621
864-859-4141
www.bankanderson.com

Bank of Anderson is headquartered in Anderson and is the 48th largest bank in the state of South Carolina. It is also the 3,924th largest bank in the nation. It was established in 1998 and as of September of 2011, it had grown to 29 employees at 3 locations. Bank of Anderson has a 3-star health rating.

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Data for Q3 2011


Institution Statistics


Bank of Anderson, National Association
FDIC Certificate #34830
BankRate ReportView
Year Established1998
Employees29
Primary RegulatorOCC

Assets and Liabilities

Assets$145.66 million
Loans$65.04 million
Deposits$129.40 million
Equity Capital$15.07 million
Loan Loss Allowance$1.36 million
Unbacked Noncurrent Loans$2.12 million
Real Estate Owned$4.04 million

Historic Data - September 2010

Assets$147.00 million
Equity Capital$13.78 million
Loan Loss Allowance$1.61 million
Unbacked Noncurrent Loans$3.91 million
Real Estate Owned$3.56 million

Profit Margin - Quarterly

Net Interest Margin3.95%
Return on Assets0.63%
Return on Equity6.65%
Interest Income$4.97 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Bank of Anderson had $6.16 million in non-current loans and owned real-estate with $16.43 million in equity and loan loss allowances on hand to cover it. This gives Bank of Anderson a Texas Ratio of 37.50% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Bank of Anderson decreased slightly from 48.50% as of September 30, 2010 to 37.50% as of September 30, 2011, resulting in a positive change of 22.68%.This indicates that the balance sheet and financial strength for Bank of Anderson has improved slightly in recent periods.
Deposit Growth2
In the past year, Bank of Anderson has decreased its total deposits by -$2.59 million, resulting in -1.96% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of Anderson has shown is below average.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of Anderson has $145.66 million in assets with $16.43 million in equity, resulting in a capitalization level of 11.28%, which is above average.
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