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Overview / Commentary
288 Meeting Street
Charleston, SC 29401

CresCom Bank is headquartered in Charleston and is the 7th largest bank in the state of South Carolina. It is also the 761st largest bank in the nation. It was established in 2001 and as of December of 2013, it had grown to 244 employees at 11 locations. CresCom Bank has a B+ health rating.

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What started off being a Great hometown bank when it was cresent has become nothing but a nightmare. Toady good local banks here in Myrtle Beach so no need in doing business with rude customer service people! Thank god for credit unions


Data for Q4 2013

Institution Health


Texas Ratio


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 December 31, 2013 CresCom Bank had $17.3 million in non-current loans and owned real-estate with $104.02 million in equity and loan loss allowances on hand to cover it. This gives CresCom Bank a Texas Ratio of 16.63% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for CresCom Bank decreased slightly from 22.73% as of December 31, 2012 to 16.63% as of December 31, 2013, resulting in a positive change of 26.83%.This indicates that the balance sheet and financial strength for CresCom Bank has improved slightly in recent periods.

Deposit Growth


In the past year, CresCom Bank has increased its total deposits by $43.49 million, resulting in 6.61% 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 CresCom Bank has shown is excellent.



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. CresCom Bank has $880.03 million in assets with $104.02 million in equity, resulting in a capitalization level of 11.82%, which is excellent.

Institution Statistics

FDIC Certificate #57135
Year Established2001
Primary RegulatorFDIC
Assets and Liabilities
Assets$880.03 million
Loans$572.28 million
Deposits$701.31 million
Equity Capital$95.93 million
Loan Loss Allowance$8.09 million
Unbacked Noncurrent Loans$11.02 million
Real Estate Owned$6.27 million
Historic Data - December 2012
Assets$887.89 million
Equity Capital$85.21 million
Loan Loss Allowance$9.52 million
Unbacked Noncurrent Loans$11.02 million
Real Estate Owned$6.28 million
Profit Margin - Quarterly
Net Interest Margin3.54%
Return on Assets1.95%
Return on Equity18.77%
Interest Income$33.19 million
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CresCom Bank CD Rates

1.85%$500-60 Month CD
1.85%$1k-60 Month CD Special
1.50%$500-48 Month CD
1.50%$1k-48 Month CD Special
1.00%$1k-30 Month CD Special
0.60%$500-36 Month CD
0.40%$500-24 Month CD
0.30%$500-18 Month CD
0.20%$500-12 Month CD
0.15%$500-9 Month CD
0.10%$500-3 Month CD
0.10%$500-6 Month CD

CresCom Bank IRA Rates

1.85%$50-60 Month IRA (Traditional,Roth,CESA,SEP)
1.50%$50-48 Month IRA (Traditional,Roth,CESA,SEP)
0.60%$50-36 Month IRA (Traditional,CESA,Roth,SEP)
0.40%$50-24 Month IRA (Traditional,Roth,CESA,SEP)
0.30%$50-18 Month IRA (Traditional,Roth,CESA,SEP)
0.20%$50-12 Month IRA (Traditional,Roth,CESA,SEP)

CresCom Bank Locations
Mount Pleasant Branch1492 Stuart Engals BoulevardMount Pleasant, SC 29464
Summerville Branch200 North Cedar StreetSummerville, SC 29483
Conway Branch2069 East Hwy 501Conway, SC 29526
Garden City Branch2636 Highway 17 SouthMurrells Inlet, SC 29576
Crescom Bank288 Meeting StreetCharleston, SC 29401
James Island Branch430 Folly RoadCharleston, SC 29412
North Myrtle Beach Branch700 Main StreetNorth Myrtle Beach, SC 29582
North Charleston Branch8485 Dorchester RoadNorth Charleston, SC 29418
West Ashley Branch884 Orleans RoadCharleston, SC 29407
Myrtle Branch991 38th Avenue NorthMyrtle Beach, SC 29577