Waccamaw Bank
Whiteville, NC · Owner: Waccamaw Bankshares Inc
$533M
total assets, March 31, 2012
$533M
total assets, March 31, 2012
Waccamaw Bank was a state member bank in Whiteville, NC, owned by Waccamaw Bankshares Inc. It failed on Jun 8, 2012, and First Community Bank took over its deposits. At its last report it held $533.1 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2012
This bank failed
- Failed on
- Jun 8, 2012
- Assets
- $533M
- Deposits
- $473M
- Estimated cost
- $23.8M
- Deposits went to
- First Community Bank, Bluefield, VA
Total assets
$533M
-9.1% in a year · -4.4% in a quarter
Deposits
$473M
-4.3% in a year · -4.1% in a quarter
Loans
$328M
-17.1% in a year · -3.5% in a quarter
Profit so far
-$3.5M
Jan 1 to Mar 31, 2012 · -1184.3% in a year
Capital ratio
0.85%
-4.24 pts in a year
Return on assets
-2.54%
-2.76 pts in a year
Facts
- Type
- State member bank
- Head office
- 110 North J.K. Powell Boulevard, Whiteville, NC, 28472
- County
- Columbus
- Holding company
- Waccamaw Bankshares Inc
- Established
- Sep 2, 1997
- Failed
- Jun 8, 2012
- Employees
- 124
- Branches
- 17 in 2 states
- Id
- b34515
Quarter by quarter
September 30, 1997 to March 31, 2012
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Waccamaw Bank?
$533.1 million in total assets and $472.7 million in deposits as of March 31, 2012, with assets down 9.1% from a year before. Its loans were $327.8 million.
How many branches does Waccamaw Bank have?
17 branches in 2 states as of June 30, 2026.
Is Waccamaw Bank profitable?
No: it lost $3.46 million from January 1 to March 31, 2012. Its return on assets was -2.54% a year; about 1% is typical.
Who owns Waccamaw Bank?
Waccamaw Bank is owned by Waccamaw Bankshares Inc, its holding company.
When did Waccamaw Bank fail?
Jun 8, 2012. First Community Bank of Bluefield, VA took over its deposits. The estimated cost of the failure was $23.8 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.