The Graveyard › Banks › 2012
Carolina Federal Savings Bank
Charleston, SC · failed June 8, 2012 · FDIC certificate 35372
Carolina Federal Savings Bank of Charleston, SC failed on June 8, 2012. It opened on August 22, 1960, 51 years before. At its last report before that it held $54.4 million in assets and $53.1 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2005, it held $82.0 million. The FDIC estimates that the Deposit Insurance Fund lost $17.6 million on it.
1999-092012-03
Assets at the end$54.4 millionlast report before June 8, 2012
Deposits at the end$53.1 million
Estimated loss to the fund$17.6 millionDIF
Largest in the quarterly reports$82.0 millionJune 30, 2005
Equity to assets2.1%March 31, 2012
Loans not being repaid17.6%noncurrent, March 31, 2012
Return on assets0.22%a year's rate, March 31, 2012
Staff16full time, March 31, 2012
Also ended in 2012
- Tennessee Commerce Bank · Franklin, TN · $1.0 billion in assets
- Citizens First National Bank · Princeton, IL · $924.0 million in assets
- Fidelity Bank · Dearborn, MI · $818.2 million in assets
- Waccamaw Bank · Whiteville, NC · $533.1 million in assets
- The First State Bank · Stockbridge, GA · $516.8 million in assets
- Inter Savings Bank, fsb D/B/A Interbank, fsb · Maple Grove, MN · $463.8 million in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.