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Overview / Commentary
888-427-9002
2700 Celanese Road
Rock Hill, SC 29732

Provident Community Bank is headquartered in Rock Hill and is the 29th largest bank in the state of South Carolina. It is also the 2,014st largest bank in the nation. It was established in 1934 and as of December of 2013, it had grown to 74 employees at 11 locations. Provident Community Bank's savings rates are 15% higher than the national average, but it has a D health rating.

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Health

Data for Q4 2013

Institution Health

D

Texas Ratio

GRADE:
D

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, 2013 Provident Community Bank had $16.04 million in non-current loans and owned real-estate with $17.04 million in equity and loan loss allowances on hand to cover it. This gives Provident Community Bank a Texas Ratio of 94.13% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Provident Community Bank increased slightly from 75.93% as of December 31, 2012 to 94.13% as of December 31, 2013, resulting in a negative change of 23.96%. This indicates that the balance sheet and financial strength for Provident Community Bank has declined slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, Provident Community Bank has decreased its total deposits by -$14.89 million, resulting in -5.36% 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.

Capitalization

GRADE:
C-

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 $322.51 million in assets with $17.04 million in equity, resulting in a capitalization level of 5.28%, which is below average.

Institution Statistics

Overall
FDIC Certificate #28997
Year Established1934
Employees74
Primary RegulatorOCC
Assets and Liabilities
Assets$322.51 million
Loans$113.37 million
Deposits$262.72 million
Equity Capital$13.81 million
Loan Loss Allowance$3.23 million
Unbacked Noncurrent Loans$12.36 million
Real Estate Owned$3.67 million
Historic Data - December 2012
Assets$349.58 million
Equity Capital$25.06 million
Loan Loss Allowance$4.37 million
Unbacked Noncurrent Loans$12.36 million
Real Estate Owned$9.18 million
Profit Margin - Quarterly
Net Interest Margin2.46%
Return on Assets-0.75%
Return on Equity-12.9%
Interest Income$9.97 million
Rates
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Provident Community Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.60%-$30kProvident Dream Savers
0.05%--Provident Dream Savers

Provident Community Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.79%-$30kProvident Dream Checking
0.20%$100k-Provident FlexPremium Checking
0.05%--Provident Dream Checking

Provident Community Bank CD Rates

DetailsAPYMINMAXPRODUCT
0.90%$2,500-30 Month CD Special
Locations


Provident Community Bank Locations
Simpsonville Banking Branch116 Northeast Main StreetSimpsonville, SC 29681
Westminster Banking Branch1330 India Hood RoadRock Hill, SC 29732
Union Main Street Banking Center Branch203 West Main StreetUnion, SC 29379
Hillcrest Drive Branch206 Hillcrest DriveLaurens, SC 29360
Provident Community Bank, National Association2700 Celanese RoadRock Hill, SC 29732
Duncan Bypass Banking Branch502 North Duncan By-PassUnion, SC 29379
Manchester Bank Branch615 Crown Pointe Lane, Suite 100Rock Hill, SC 29732
Winnsboro Branch801 Highway 321 SouthWinnsboro, SC 29180
Jonesville Branch934 Forest StreetJonesville, SC 29353