Congaree State Bank

Congaree State Bank is headquartered in West Columbia and is the 51^st largest bank in the state of South Carolina. It is also the 4,458^th largest bank in the nation. It was established in 2006 and as of March of 2012, it had grown to 23 employees at 2 locations. Congaree State Bank has a 3-star health rating.

Congaree State Bank Routing Number: 053208192

Data for Q1 2012

Institution Statistics Congaree State Bank FDIC Certificate # 58301 BankRate Report View Year Established 2006 Employees 23 Primary Regulator FDIC Assets and Liabilities Assets $120.47 million Loans $82.88 million Deposits $100.48 million Equity Capital $12.82 million Loan Loss Allowance $1.53 million Unbacked Noncurrent Loans $974,000 Real Estate Owned $3.00 million Historic Data - March 2011 Assets $127.22 million Equity Capital $11.48 million Loan Loss Allowance $1.51 million Unbacked Noncurrent Loans $1.66 million Real Estate Owned $3.51 million Profit Margin - Quarterly Net Interest Margin 4.16% Return on Assets 1.71% Return on Equity 16.55% Interest Income $1.38 million

Institution Health Overall Score: 3 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 March 31, 2012 Congaree State Bank had $3.97 million in non-current loans and owned real-estate with $14.35 million in equity and loan loss allowances on hand to cover it. This gives Congaree State Bank a Texas Ratio of 27.66% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Congaree State Bank decreased slightly from 39.80% as of March 31, 2011 to 27.66% as of March 31, 2012, resulting in a positive change of 30.50%.This indicates that the balance sheet and financial strength for Congaree State Bank has improved slightly in recent periods. Deposit Growth In the past year, Congaree State Bank has decreased its total deposits by -$12.08 million, resulting in -10.74% 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 Congaree State Bank has shown is poor. 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. Congaree State Bank has $120.47 million in assets with $14.35 million in equity, resulting in a capitalization level of 11.91%, which is above average.

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