| Great Pee Dee Bancorp, Inc. | |||
| Ticker: | PEDE | 515 Market Street | |
| Exchange: | NASDAQ-National Market | Cheraw, SC 29520 | |
| Industry: | Financial (SIC Code 6712) | (803) 537-7656 | |
| Type of Shares: | Common Shares | Filing Date: | 9/26/97 | |
| U.S. Shares: | 2,182,000 | Offer Date: | 12/31/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $10.00 | |
| Primary Shares: | 2,182,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | ||
| Offering Amount: | $21,820,000 | Selling: | ||
| Expenses: | - | Reallowance: | ||
| Shares Out After: | - |
| Manager | Tier | Phone |
| Trident Securities, Inc. | Lead Manager | (919) 781-8900 |
| Issuer's Law Firm: | Luse Lehman Gorman Pomerenk & Schick |
| Bank's Law Firm: | Breyer & Aguggia |
| Auditor: | Dixon, Odom & Co. |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/97 | 6/30/97 | ||||
| Revenue: | $4.58 | Assets: | $60.54 | ||
| Net Income: | $0.59 | Curr Assets: | |||
| EPS: | Liabilities: | $49.45 | |||
| Prior EPS: | Curr Liabilities: | $46.86 | |||
| Cash Flow/Oper: | $0.77 | Equity: | $11.09 | ||
| Cash Flow/Fin: | $0.22 | Cash: | $0.22 | ||
| Cash Flow/Inv: | -$1.05 | ||||
| Business Description |
| The company is a bank holding company for First Federal Savings and Loan Association of Cheraw. The bank is a community and customer oriented federal mutual savings and loan association. The First Federal Savings and Loan Association of Cheraw is a community- and customer-oriented federal mutual savings and loan association. The company provides financial services to individuals, families and small businesses through their office in Cheraw, South Carolina. Historically, the company has emphasized residential mortgage lending, primarily one- to four-family mortgage loans. On June 30, 1997, the company had total assets of $60.5 million, deposits of $46.9 million, and retained earnings of $11.1 million. |
| Competition |
| The company experiences strong competition in their local market area in originating loans primarily from mortgage brokers. Their competition in attracting deposits is primarily from commercial banks, thrifts and money center banks. Such competition may limit the company's growth in the future. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |