GrandSouth Bank

GrandSouth Bank is headquartered in Greenville and is the 27^th largest bank in the state of South Carolina. It is also the 1,772^nd largest bank in the nation. It was established in 1998 and as of March of 2012, it had grown to 70 employees at 4 locations. GrandSouth Bank has a 4-star health rating.

GrandSouth Bank Routing Number: 053207957

Data for Q1 2012

Institution Statistics GrandSouth Bank FDIC Certificate # 34812 BankRate Report View Year Established 1998 Employees 70 Primary Regulator FDIC Assets and Liabilities Assets $376.02 million Loans $297.81 million Deposits $305.17 million Equity Capital $45.22 million Loan Loss Allowance $6.71 million Unbacked Noncurrent Loans $1.71 million Real Estate Owned $10.65 million Historic Data - March 2011 Assets $368.28 million Equity Capital $44.10 million Loan Loss Allowance $7.01 million Unbacked Noncurrent Loans $8.94 million Real Estate Owned $8.51 million Profit Margin - Quarterly Net Interest Margin 5.52% Return on Assets 1.13% Return on Equity 9.4% Interest Income $5.40 million

Institution Health Overall Score: 4 out of 5 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 March 31, 2012 GrandSouth Bank had $12.36 million in non-current loans and owned real-estate with $51.94 million in equity and loan loss allowances on hand to cover it. This gives GrandSouth Bank a Texas Ratio of 23.79% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for GrandSouth Bank increased slightly from 16.48% as of March 31, 2011 to 23.79% as of March 31, 2012, resulting in a negative change of 44.35%. This indicates that the balance sheet and financial strength for GrandSouth Bank has declined slightly in recent periods. Deposit Growth In the past year, GrandSouth Bank has increased its total deposits by $6.31 million, resulting in 2.11% 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 GrandSouth Bank has shown is above average. Capitalization 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. GrandSouth Bank has $376.02 million in assets with $51.94 million in equity, resulting in a capitalization level of 13.81%, which is excellent.

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