Palmetto Heritage Bank & Trust

Palmetto Heritage Bank & Trust is headquartered in Pawleys Island and is the 47^th largest bank in the state of South Carolina. It is also the 3,998^th largest bank in the nation. It was established in 2005 and as of March of 2012, it had grown to 22 employees at 3 locations. Palmetto Heritage Bank & Trust has a 3-star health rating.

Data for Q1 2012

Institution Statistics Palmetto Heritage Bank & Trust FDIC Certificate # 57880 BankRate Report View Year Established 2005 Employees 22 Primary Regulator FDIC Assets and Liabilities Assets $143.16 million Loans $100.70 million Deposits $116.76 million Equity Capital $12.16 million Loan Loss Allowance $903,000 Unbacked Noncurrent Loans $2.99 million Real Estate Owned $3.16 million Historic Data - March 2011 Assets $137.03 million Equity Capital $12.22 million Loan Loss Allowance $830,000 Unbacked Noncurrent Loans $2.41 million Real Estate Owned $3.44 million Profit Margin - Quarterly Net Interest Margin 3.21% Return on Assets 0% Return on Equity -0.03% Interest Income $1.42 million

Institution Health Overall Score: 3 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 Palmetto Heritage Bank & Trust had $6.16 million in non-current loans and owned real-estate with $13.06 million in equity and loan loss allowances on hand to cover it. This gives Palmetto Heritage Bank & Trust a Texas Ratio of 47.11% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Palmetto Heritage Bank & Trust held steady from 44.81% as of March 31, 2011 to 47.11% as of March 31, 2012, resulting in a negative change of 5.13%. This indicates that the balance sheet and financial strength for Palmetto Heritage Bank & Trust has held steady in recent periods. Deposit Growth In the past year, Palmetto Heritage Bank & Trust has increased its total deposits by $7.5 million, resulting in 6.86% 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 Palmetto Heritage Bank & Trust has shown is excellent. 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. Palmetto Heritage Bank & Trust has $143.16 million in assets with $13.06 million in equity, resulting in a capitalization level of 9.13%, which is average.

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