Carolina Federal Savings Bank

Carolina Federal Savings Bank is headquartered in Charleston and is the 70^th largest bank in the state of South Carolina. It is also the 6,168^th largest bank in the nation. It was established in 1960 and as of December of 2011, it had grown to 16 employees at 3 locations. Carolina Federal Savings Bank has a 1-star health rating.

Data for Q4 2011

Institution Statistics Carolina Federal Savings Bank OTS # 15721 FDIC Certificate # 35372 BankRate Report View Year Established 1960 Employees 16 Primary Regulator OCC Assets and Liabilities Assets $56.61 million Loans $41.46 million Deposits $55.05 million Equity Capital $1.33 million Loan Loss Allowance $1.16 million Unbacked Noncurrent Loans $7.49 million Real Estate Owned $3.23 million Historic Data - December 2010 Assets $59.34 million Equity Capital $3.57 million Loan Loss Allowance $731,000 Unbacked Noncurrent Loans $9.19 million Real Estate Owned $2.33 million Profit Margin - Quarterly Net Interest Margin 3.7% Return on Assets -3.89% Return on Equity -102.55% Interest Income $2.67 million

Institution Health Overall Score: 1 out of 5 Texas Ratio 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 December 31, 2011 Carolina Federal Savings Bank had $10.72 million in non-current loans and owned real-estate with $2.48 million in equity and loan loss allowances on hand to cover it. This gives Carolina Federal Savings Bank a Texas Ratio of 431.39% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Carolina Federal Savings Bank increased slightly from 267.50% as of December 31, 2010 to 431.39% as of December 31, 2011, resulting in a negative change of 61.27%. This indicates that the balance sheet and financial strength for Carolina Federal Savings Bank has declined slightly in recent periods. Deposit Growth In the past year, Carolina Federal Savings Bank has increased its total deposits by $4.96 million, resulting in 9.9% 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 Carolina Federal Savings Bank has shown is excellent. Capitalization 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. Carolina Federal Savings Bank has $56.61 million in assets with $2.48 million in equity, resulting in a capitalization level of 4.39%, which is poor.

No reviews have been left for this bank yet. Be the first to review.