GRBS Greer Bancshares Inc. featured news, full reports, and detailed charts
Greer Bancshares Inc. (GRBS/GRBS.OB) Wrap Up:
Greer Bancshares Incorporated operates as the holding company for Greer State Bank that provides various commercial banking products and services to individuals and businesses in South Carolina. The company offers deposit products, including checking, savings, brokered deposits, and other time deposits. It also provides business, commercial real estate, residential real estate, personal, consumer installment, home improvement, and automobile loans. In addition, the company offers travelers’ checks, safe deposit boxes, direct deposit of payroll and social security checks, automatic drafts for various accounts, automated teller machine, Mastercard and Visa credit cards, automated telephone ban...www.greerstatebank.com
90 Employees
Founded in 1989
Greer Bancshares Inc. (GRBS:OTC Bulletin Board Market)
LAST $5.00 USD
CHANGE TODAY -0.05 -0.99%
VOLUME 600.0
As of 3:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Greer Bancshares Inc. (GRBS)
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OPEN
$5.00
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PREVIOUS CLOSE
$5.05
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DAY HIGH
$5.00
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DAY LOW
$5.00
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52 WEEK HIGH
11/21/08 - $12.00
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52 WEEK LOW
12/24/08 - $3.51
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MARKET CAP
12.4M
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AVERAGE VOLUME 3 mo
529.0
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DILUTED EPS TTM
$0.34
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SHARES OUTSTANDING
2.5M
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GRBS Does Not Pay Dividends
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P/E TTM
14.6x
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| K = Thousands M = Millions B = Billions | ||
GRBS Top Compensated Officers
Mr. Kenneth M. Harper
Chief Executive Officer, President, Director,...
Age: 44
Total Annual Compensation: $213.0K
Mr. J. Richard Medlock Jr.
Chief Financial Officer, Principal Accounting...
Age: 52
Total Annual Compensation: $125.5K
Mr. Victor K. Grout
Executive Vice President of Commercial Lendin...
Age: 52
Total Annual Compensation: $147.5K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Greer Bancshares Inc. (GRBS)
Greer Bancshares Incorporated Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
11/6/2009
Greer Bancshares Incorporated reported net income of $630,000 before TARP-related costs of $158,000, resulting in net income available to common shareholders of $472,000, or $0.19 per diluted share of common stock for the quarter ended September 30, 2009, compared to a net loss attributable to common shareholders of $7,193,000 or $2.89 per diluted share of common stock for the third quarter of 2008. The company's results for the third quarter of 2008 were negatively impacted by impairment charges relating to the write-down of holdings of Fannie Mae preferred stock. For the first nine months of 2009, the net income available to common shareholders after TARP- related costs of $423,000 amounted to $0.07 per common share, which compared to a net loss of $6,117,000 or $2.46 per common share for the same nine-month period in 2008.
Greer Bancshares Inc. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2009
08/13/2009
Greer Bancshares Inc. announced earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net income of $3,616 before TARP-related costs of $158,984, resulting in net loss attributable to common shareholders of $155,368, or $0.06 per diluted share of common stock for the quarter ended June 30, 2009, compared to net income available to common shareholders of $257,274 or $0.10 per diluted share of common stock for the second quarter of 2008. For the first six months of 2009, the net loss attributable to common shareholders after TARP- related costs of $265,189 amounted to $297,283 or $0.12 per common share, which compared to net income of $1,075,883 or $0.43 per common share for the same six-month period in 2008.
Greer Bancshares Inc. Reports Earnings Results for the First Quarter Ended March 31, 2009
05/18/2009
Greer Bancshares Inc. reported earnings results for the first quarter ended March 31, 2009. For the quarter, the company reported net loss of $36,000 compared to net loss of $819,000 for the same quarter in the previous year.
GRBS Competitors
| Company | Last | Change |
| Bank of Granite Corp | $0.44 USD | +0.0277 |
| Carolina Trust Bank | $5.65 USD | +0.05 |
| CNB Corp | $10.10 USD | 0.00 |
| First Community Bank Corp of America | $2.30 USD | +0.02 |
| Southwest Georgia Financial Corp | $8.75 USD | -0.012 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | GRBS | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | NM | Not Meaningful |
| Price/Book | 0.7x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 417.3x |
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GRBS |
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GRBS transactions
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| No transactions in the last 6 months. | ||
More Recent News About Greer Bancshares Inc.
More news for GRBS
GREER BANCSHARES INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations RESULTS OF OPERATIONS Overview The following discussion describes and analyzes our results of operations and financial condition for the quarter ended September 30, 2009 as compared to the quarter ended September 30, 2008, as well as results for the nine months ended September 30, 2009 and September 30, 2008. You are encouraged to read this discussion and analysis in conjunction with the financial statements and the related notes included in this report. Throughout this discussion, amounts are rounded to the nearest thousand, except per share data or percentages. Table of Contents Like most community banks, most of our income is derived from interest received on loans and investments. The primary source of funds for making these loans and investments is deposits, most of which are interest-bearing. Consequently, one of the key measures of our success is net interest income, or the difference between the income on interest-earning assets, such as loans and investments, and the expense on interest-bearing liabilities, such as deposits and Federal Home Loan Bank advances. Another key measure is the spread between the yield earned on interest-earning assets and the rate paid on interest-bearing liabilities. Of course, there are risks inherent in all loans, so an allowance for loan losses is maintained to absorb probable losses inherent in the loan portfolio. This allowance is established and maintained by charging a provision for loan losses against current operating earnings. (See "Provision for Loan Losses" for a detailed discussion of this process.) In addition to earning interest on loans and investments, income is also earned through fees and other charges to the Bank's customers. The various components of this noninterest income, as well as noninterest expense, are described in the following discussion. Th...Click here to read the whole Article (external link)
GREER BANCSHARES INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhi
Show all filings for GREER BANCSHARES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for GREER BANCSHARES INC 6-Nov-2009Results of Operations and Financial Condition, Financial Statements and Exhi Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provi...Click here to read the whole Article (external link)
GREER BANCSHARES INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Show all filings for GREER BANCSHARES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for GREER BANCSHARES INC 10-Sep-2009Regulation FD Disclosure, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" fo...Click here to read the whole Article (external link)
GREER BANCSHARES INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
GREER BANCSHARES INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations RESULTS OF OPERATIONS Overview The following discussion describes and analyzes our results of operations and financial condition for the quarter ended June 30, 2009 as compared to the quarter ended June 30, 2008, as well as results for the six months ended June 30, 2009 and June 30, 2008. You are encouraged to read this discussion and analysis in conjunction with the financial statements and the related notes included in this report. Throughout this discussion, amounts are rounded to the nearest thousand, except per share data or percentages. Like most community banks, most of our income is derived from interest received on loans and investments. The primary source of funds for making these loans and investments is deposits, most of which are interest-bearing. Consequently, one of the key measures of our success is net interest income, or the difference between the income on interest-earning assets, such as loans and investments, and the expense on interest-bearing liabilities, such as deposits and Federal Home Loan Bank advances. Another key measure is the spread between the yield earned on interest-earning assets and the rate paid on interest-bearing liabilities. Of course, there are risks inherent in all loans, so an allowance for loan losses is maintained to absorb probable losses inherent in the loan portfolio. This allowance is established and maintained by charging a provision for loan losses against current operating earnings. (See "Provision for Loan Losses" for a detailed discussion of this process.) In addition to earning interest on loans and investments, income is also earned through fees and other charges to the Bank's customers. The various components of this non-interest income, as well as non-interest expense, are described in the following discussion. The Company reported a consolidated net loss of $(153,000) availabl...Click here to read the whole Article (external link)
GREER BANCSHARES INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhi
Show all filings for GREER BANCSHARES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for GREER BANCSHARES INC 13-Aug-2009Results of Operations and Financial Condition, Financial Statements and Exhi Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information pro...Click here to read the whole Article (external link)
GREER BANCSHARES INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations RESULTS OF OPERATIONS Overview The following discussion describes and analyzes the results of operations and financial condition for the quarter ended March 31, 2009 as compared to the quarter ended March 31, 2008. You are encouraged to read this discussion and analysis in conjunction with the financial statements and the related notes included in this report. Throughout this discussion, amounts are rounded to the nearest thousand, except per share data or percentages. Like most community banks, most of our income is derived from interest received on loans and investments. The primary source of funds for making these loans and investments is deposits, most of which are interest-bearing. Consequently, one of the key measures of our success is net interest income, or the difference between the income on interest-earning assets, such as loans and investments, and the expense on interest-bearing liabilities, such as deposits and Federal Home Loan Bank advances. Another key measure is the spread between the yield earned on interest-earning assets and the rate paid on interest-bearing liabilities. Of course, there are risks inherent in all loans, so an allowance for loan losses is maintained to absorb probable losses on existing loans that may become uncollectible. This allowance is established and maintained by charging a provision for loan losses against current operating earnings. (See "Provision for Loan Losses" for a detailed discussion of this process.) In addition to earning interest on loans and investments, income is also earned through fees and other charges to the Bank's customers. The various components of this non-interest income, as well as non-interest expense, are described in the following discussion. The Company reported consolidated net loss of $(141,000) available to common shareholders, or $(.06) per diluted share, for t...Click here to read the whole Article (external link)
GREER BANCSHARES INC Files SEC form 8-K/A, Financial Statements and Exhibits
Show all filings for GREER BANCSHARES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K/A for GREER BANCSHARES INC 14-May-2009Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only,...Click here to read the whole Article (external link)
GREER BANCSHARES INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhi
Show all filings for GREER BANCSHARES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for GREER BANCSHARES INC 1-May-2009Results of Operations and Financial Condition, Financial Statements and Exhi Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provi...Click here to read the whole Article (external link)
GREER BANCSHARES INC Files SEC form 10-K, Annual Report
Show all filings for GREER BANCSHARES INC | Request a Trial to NEW EDGAR Online Pro Form 10-K for GREER BANCSHARES INC 31-Mar-2009Annual Report Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for tr...Click here to read the whole Article (external link)
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