Seneca National Bank

Seneca National Bank is headquartered in Seneca and is the 68^th largest bank in the state of South Carolina. It is also the 5,533^rd largest bank in the nation. It was established in 1999 and as of September of 2011, it had grown to 16 employees at 2 locations. Seneca National Bank has a 4-star health rating.

Seneca National Bank Checking Account Rates

Data for Q3 2011

Institution Statistics Seneca National Bank FDIC Certificate # 35079 BankRate Report View Year Established 1999 Employees 16 Primary Regulator OCC Assets and Liabilities Assets $79.17 million Loans $40.24 million Deposits $69.24 million Equity Capital $8.08 million Loan Loss Allowance $798,000 Unbacked Noncurrent Loans $742,000 Real Estate Owned $920,000 Historic Data - September 2010 Assets $74.76 million Equity Capital $7.16 million Loan Loss Allowance $601,000 Unbacked Noncurrent Loans $808,000 Real Estate Owned $1.56 million Profit Margin - Quarterly Net Interest Margin 3.61% Return on Assets 0.61% Return on Equity 6.4% Interest Income $2.58 million

Institution Health Overall Score: 4 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 September 30, 2011 Seneca National Bank had $1.66 million in non-current loans and owned real-estate with $8.87 million in equity and loan loss allowances on hand to cover it. This gives Seneca National Bank a Texas Ratio of 18.73% 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 Seneca National Bank decreased slightly from 30.55% as of September 30, 2010 to 18.73% as of September 30, 2011, resulting in a positive change of 38.68%.This indicates that the balance sheet and financial strength for Seneca National Bank has improved slightly in recent periods. Deposit Growth In the past year, Seneca National Bank has increased its total deposits by $3.01 million, resulting in 4.54% 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 Seneca National Bank has shown is above average. 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. Seneca National Bank has $79.17 million in assets with $8.87 million in equity, resulting in a capitalization level of 11.21%, which is above average.

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