Provident Community Bancshares, Inc. (Provident Community Bancshares) is the bank holding company for Provident Community Bank, N.A. (the Bank). Provident Community Bancshares� business activity primarily consists of directing the activities of the Bank. As of December 31, 2011, the Bank�s operations were conducted through its main office in Rock Hill, South Carolina and seven full-service banking centers, all of which were located in the upstate area of South Carolina. The business of the Bank primarily consists of attracting deposits from the general public and originating loans to consumers and businesses. The Bank also maintains a portfolio of investment securities. The principal sources of funds for the Bank�s lending activities include deposits received from the general public, interest and principal repayments on loans and, to a lesser extent, borrowings from the Federal Home Loan Bank (FHLB) and other parties.