Greer State Bank

Greer State Bank Locations
1111 West Poinsett Street
Greer, SC 29650
(864) 877-2000
www.greerstatebank.com

Greer State Bank is headquartered in Greer and is the 25th largest bank in the state of South Carolina. It is also the 1,712st largest bank in the nation. It was established in 1989 and as of September of 2011, it had grown to 78 employees at 5 locations. Greer State Bank has a 2-star health rating.

Greer State Bank Routing Number: 053202062

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Competitive 15-Month CD Rate at Greer State Bank in South Carolina - Local Only - 2/2/2011

Greer State Bank is offering a competitive 15-month CD special with a 1.40% APY. Minimum deposit is $5,000. This rate is listed at the bank's rates page as of 2/2/2011 and is subject to change at any ...

EXPIRED - 2.25% 13-Month CD & 2.20% 18-Month CD at Greer State Bank in SC - 2/16/2010

Greer State Bank is offering two competitive CD specials: a 2.25% APY 13-month CD and a 2.20% APY 18-month CD. The 13-month CD requires a checking account. There are also two competitive short-term C ...

3.00% Reward Checking Account at a South Carolina Bank (Greer State Bank) - 4/16/2008

Update 2/09/09: The top yield has fallen to 3.00% APY. Refer to the bottom of the post for the rate history.Greer State Bank is offering a reward checking account called eBonus Checking that pays 3.00% APY on balances up to $25,000 (1.55% for above) and...



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See Rates for: Checking | CD

Greer State Bank Checking Account Rates

ApyMinMaxProduct
1.50%-$25ke-Bonus Checking
0.20%-$5kSenior Checking
0.20%-$10kMaster Banking

Greer State Bank CD Rates

ApyMinMaxProduct
0.95%$5k-18 Month CD Special
0.70%$5k-15 Month CD Special
0.60%$5k-Internet - 12 Month CD Special
0.55%$5k-12 Month CD Special
0.50%$5k-Internet - 9 Month CD Special
0.40%$5k-Master Banking CD Special (6 months)
0.40%$5k-Internet - 6 Month CD Special
0.35%$5k-6 Month CD Special

Rates updated: 2/10/2012

Data for Q3 2011


Institution Statistics


Greer State Bank
FDIC Certificate #27413
BankRate ReportView
Year Established1989
Employees78
Primary RegulatorFDIC

Assets and Liabilities

Assets$385.84 million
Loans$225.14 million
Deposits$288.54 million
Equity Capital$28.35 million
Loan Loss Allowance$6.37 million
Unbacked Noncurrent Loans$11.89 million
Real Estate Owned$6.34 million

Historic Data - September 2010

Assets$444.26 million
Equity Capital$31.50 million
Loan Loss Allowance$8.64 million
Unbacked Noncurrent Loans$17.57 million
Real Estate Owned$9.78 million

Profit Margin - Quarterly

Net Interest Margin2.93%
Return on Assets-0.7%
Return on Equity-10.4%
Interest Income$13.36 million

Institution Health


Overall Score:
2 out of 5
2
Texas Ratio2
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 September 30, 2011 Greer State Bank had $18.22 million in non-current loans and owned real-estate with $34.72 million in equity and loan loss allowances on hand to cover it. This gives Greer State Bank a Texas Ratio of 52.49% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Greer State Bank decreased slightly from 68.12% as of September 30, 2010 to 52.49% as of September 30, 2011, resulting in a positive change of 22.95%.This indicates that the balance sheet and financial strength for Greer State Bank has improved slightly in recent periods.
Deposit Growth1
In the past year, Greer State Bank has decreased its total deposits by -$16.92 million, resulting in -5.54% 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 Greer State Bank has shown is poor.
Capitalization3
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. Greer State Bank has $385.84 million in assets with $34.72 million in equity, resulting in a capitalization level of 9.00%, which is average.
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