Provident Community Bank

Provident Community Bank Locations
203 West Main Street
Union, SC 29379
1-888-427-9002
www.providentonline.com

FDIC

Provident Community Bank is headquartered in Rock Hill and is the 28th largest bank in the state of South Carolina. It is also the 1,881st largest bank in the nation. It was established in 1934 and as of December of 2012, it had grown to 68 employees at 11 locations. Provident Community Bank's savings rates are 15% higher than the national average, but it has a 2-star health rating.

Related Posts

Dream Checking Rate Changed From 3.35% To 1.25% (Forum) - 2/22/2011

Received email today: Effective Wednesday, February 23, 2011 Provident Dream Checking interest rate will change. Since March 2008, we have offered the Dream Checking account which rewarded you with one of the highest paying checking accounts in the ma

This Bank Will Reduce The Max Amount To 30K From 50K Starting From March Billing Cycle (Forum) - 3/5/2010

This bank will reduce the max amount to 30K from 50K starting from march billing cycle. Rate is at 4.01%. It introduces the savings account at 2.01%, up to 30K.  

4.01% Reward Checking Account at Provident Community Bank in South Carolina - 12/4/2008

Update 9/19/09: The top rate is scheduled to fall to 4.01% effective 9/23/09.Provident Community Bank is offering a reward checking account called Dream Checking that pays 4.01% APY on balances up to $50,000 (1.01% for above) and refunds ATM fees...



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See Rates for: Checking | Savings | CD

Provident Community Bank Checking Account Rates

ApyMinMaxProduct
0.79%†-$30kProvident Dream Checking
0.30%†$100k-Provident FlexPremium Checking

Provident Community Bank Savings Account Rates

ApyMinMaxProduct
0.60%†-$30kProvident Dream Savers

Provident Community Bank CD Rates

ApyMinMaxProduct
0.90%†$2,500-30 Month CD Special

Rates updated: 5/25/2013

Data for Q4 2012


Institution Statistics


Provident Community Bank, National Association
FDIC Certificate #28997
BankRate ReportView
Year Established1934
Employees68
Primary RegulatorOCC

Assets and Liabilities

Assets$349.58 million
Loans$123.41 million
Deposits$277.61 million
Equity Capital$25.06 million
Loan Loss Allowance$4.37 million
Unbacked Noncurrent Loans$12.98 million
Real Estate Owned$9.18 million

Historic Data - December 2011

Assets$376.63 million
Equity Capital$24.97 million
Loan Loss Allowance$4.55 million
Unbacked Noncurrent Loans$17.25 million
Real Estate Owned$8.40 million

Profit Margin - Quarterly

Net Interest Margin2.4%
Return on Assets0.07%
Return on Equity0.95%
Interest Income$11.24 million

Institution Health


Overall Score:
2 out of 5
2
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 December 31, 2012 Provident Community Bank had $22.16 million in non-current loans and owned real-estate with $29.43 million in equity and loan loss allowances on hand to cover it. This gives Provident Community Bank a Texas Ratio of 75.29% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Provident Community Bank held steady from 86.24% as of December 31, 2011 to 75.29% as of December 31, 2012, resulting in a positive change of 12.71%.This indicates that the balance sheet and financial strength for Provident Community Bank has held steady in recent periods.
Deposit Growth2
In the past year, Provident Community Bank has decreased its total deposits by -$6.16 million, resulting in -2.17% 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 Provident Community Bank has shown is below average.
Capitalization3
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. Provident Community Bank has $349.58 million in assets with $29.43 million in equity, resulting in a capitalization level of 8.42%, which is average.
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