Horry County State Bank

Horry County State Bank is headquartered in Loris and is the 14^st largest bank in the state of South Carolina. It is also the 1,256^th largest bank in the nation. It was established in 1988 and as of March of 2012, it had grown to 116 employees at 13 locations. Horry County State Bank has a 1-star health rating.

Horry County State Bank Routing Number: 053201982

Data for Q1 2012

Institution Statistics Horry County State Bank FDIC Certificate # 27139 BankRate Report View Year Established 1988 Employees 116 Primary Regulator FDIC Assets and Liabilities Assets $536.97 million Loans $330.16 million Deposits $490.27 million Equity Capital $14.01 million Loan Loss Allowance $20.69 million Unbacked Noncurrent Loans $43.47 million Real Estate Owned $16.00 million Historic Data - March 2011 Assets $656.37 million Equity Capital $32.41 million Loan Loss Allowance $16.07 million Unbacked Noncurrent Loans $24.95 million Real Estate Owned $14.17 million Profit Margin - Quarterly Net Interest Margin 3.55% Return on Assets 0.05% Return on Equity 1.88% Interest Income $5.54 million

Institution Health Overall Score: 1 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 Horry County State Bank had $59.47 million in non-current loans and owned real-estate with $34.7 million in equity and loan loss allowances on hand to cover it. This gives Horry County State Bank a Texas Ratio of 171.39% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Horry County State Bank increased slightly from 80.70% as of March 31, 2011 to 171.39% as of March 31, 2012, resulting in a negative change of 112.37%. This indicates that the balance sheet and financial strength for Horry County State Bank has declined slightly in recent periods. Deposit Growth In the past year, Horry County State Bank has decreased its total deposits by -$73.81 million, resulting in -13.09% 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 Horry County State Bank has shown is poor. 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. Horry County State Bank has $536.96 million in assets with $34.7 million in equity, resulting in a capitalization level of 6.46%, which is below average.

No reviews have been left for this bank yet. Be the first to review.