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 South Atlantic Bank
South Atlantic Bank
| RSSD ID 3637247 | CERTIFICATE 58689 | ABA NUMBER 53208260 |
| 630 29th Ave N |
Quarter Ended : |
2025-03-31 |
| Myrtle Beach, South Carolina, 29577 |
Updated : |
2025-04-30 |
| SouthAtlantic.bank |
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| Institution Profile |
| Year Opened : |
2007 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
Yes |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
12 |
Number of Employees : |
164 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 1,865,179 |
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Total Interest Income | 22,925 |
| Total Liabilities | 1,721,630 |
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Total NonInterest Income | 1,365 |
| Total Bank Equity Capital | 143,549 |
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Total Interest Expense | 9,814 |
| Total Deposits | 1,572,856 |
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Total NonInterest Expense | 9,383 |
| Net Loans & Leases | 1,365,182 |
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Net Income | 3,809 |
| Loan Loss Allowance | 12,648 |
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Net Charge Offs | 0 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 170,479 |
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Total loans | 1,354,984 |
| Total assets for the leverage ratio | 1,820,720 |
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Loans secured by real estate: | 1,272,306 |
| Tier 1 Leverage Ratio | 8.67 |
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Commercial and industrial loans | 71,077 |
| Tier 1 Capital Ratio | 10.83 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 11.7 |
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Loans to individuals - Other | 7,108 |
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:· South Atlantic Bank
