Palmetto State Bank

Palmetto State Bank is headquartered in Hampton and is the 21^st largest bank in the state of South Carolina. It is also the 1,574^th largest bank in the nation. It was established in 1907 and as of March of 2012, it had grown to 91 employees at 9 locations. Palmetto State Bank has a 4-star health rating.

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Data for Q1 2012

Institution Statistics Palmetto State Bank FDIC Certificate # 17563 BankRate Report View Year Established 1907 Employees 91 Primary Regulator FDIC Assets and Liabilities Assets $423.18 million Loans $174.90 million Deposits $349.43 million Equity Capital $58.38 million Loan Loss Allowance $4.05 million Unbacked Noncurrent Loans $3.39 million Real Estate Owned $4.80 million Historic Data - March 2011 Assets $480.06 million Equity Capital $55.49 million Loan Loss Allowance $4.09 million Unbacked Noncurrent Loans $4.34 million Real Estate Owned $4.14 million Profit Margin - Quarterly Net Interest Margin 3.71% Return on Assets 0.82% Return on Equity 5.93% Interest Income $4.04 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 Palmetto State Bank had $8.18 million in non-current loans and owned real-estate with $62.43 million in equity and loan loss allowances on hand to cover it. This gives Palmetto State Bank a Texas Ratio of 13.11% 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 Palmetto State Bank held steady from 14.22% as of March 31, 2011 to 13.11% as of March 31, 2012, resulting in a positive change of 7.83%.This indicates that the balance sheet and financial strength for Palmetto State Bank has held steady in recent periods. Deposit Growth In the past year, Palmetto State Bank has decreased its total deposits by -$41.5 million, resulting in -10.62% 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 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. Palmetto State Bank has $423.18 million in assets with $62.43 million in equity, resulting in a capitalization level of 14.75%, which is excellent.

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