Coastal Carolina National Bank

Coastal Carolina National Bank Locations
2305 North Oak Street
Myrtle Beach, SC 29577
843.839.2265
www.myccnb.com

Coastal Carolina National Bank is headquartered in Myrtle Beach and is the 62nd largest bank in the state of South Carolina. It is also the 5,001st largest bank in the nation. It was established in 2009 and as of March of 2012, it had grown to 21 employees at 1 location. Coastal Carolina National Bank has a 5-star health rating.

Coastal Carolina National Bank Routing Number: 053208309

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High-Yield Reward Checking at Coastal Carolina National Bank in SC - Local Only - 5/4/2010

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2.50% 12-Month CD & 2.25% Money Market Account at Coastal Carolina National Bank in SC - Local Only - 11/24/2009

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Coastal Carolina National Bank Checking Account Rates

ApyMinMaxProduct
2.25%-$10kCoastal Rewards

Rates updated: 5/27/2012

Data for Q1 2012


Institution Statistics


Coastal Carolina National Bank
FDIC Certificate #58864
BankRate ReportView
Year Established2009
Employees21
Primary RegulatorOCC

Assets and Liabilities

Assets$98.16 million
Loans$54.74 million
Deposits$84.47 million
Equity Capital$13.24 million
Loan Loss Allowance$1.11 million
Unbacked Noncurrent Loans$532,000

Historic Data - March 2011

Assets$75.69 million
Equity Capital$13.20 million
Loan Loss Allowance$751,000
Unbacked Noncurrent Loans$245,000

Profit Margin - Quarterly

Net Interest Margin3.12%
Return on Assets-0.52%
Return on Equity-3.77%
Interest Income$920,000

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Coastal Carolina National Bank had $532,000 in non-current loans and owned real-estate with $14.34 million in equity and loan loss allowances on hand to cover it. This gives Coastal Carolina National Bank a Texas Ratio of 3.71% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Coastal Carolina National Bank held steady from 1.76% as of March 31, 2011 to 3.71% as of March 31, 2012, resulting in a negative change of 111.24%. This indicates that the balance sheet and financial strength for Coastal Carolina National Bank has held steady in recent periods.
Deposit Growth5
In the past year, Coastal Carolina National Bank has increased its total deposits by $22.31 million, resulting in 35.89% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Coastal Carolina National Bank has shown is excellent.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Coastal Carolina National Bank has $98.16 million in assets with $14.34 million in equity, resulting in a capitalization level of 14.61%, which is excellent.
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