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Overview / Commentary
1020 Highway 17 North
North Myrtle Beach, SC 29582

Sandhills Bank is headquartered in North Myrtle Bea and is the 56th largest bank in the state of South Carolina. It is also the 4,952nd largest bank in the nation. It was established in 1959 and as of March of 2014, it had grown to 19 employees at 4 locations. Sandhills Bank has a B+ health rating.

Reviews (1)

Customer Service/Hospitality

I visited the bank a few weeks ago with a simple request. There was no banker to even assist me. As a matter of fact, there was only 1 teller there and she was by herself. She could not assist me with a CD so I left and waited on the banker to get back from her lunch. I cashed out my CD and took my money elsewhere. How can they say customers come first when obviously their lunch does?


Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Sandhills Bank has a relatively low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Sandhills Bank had $1.5 million in non-current loans and owned real-estate with $8.72 million in equity and loan loss allowances on hand to cover it. This gives Sandhills Bank a Texas Ratio of 17.25% 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 Sandhills Bank decreased slightly from 23.34% as of March 31, 2013 to 17.25% as of March 31, 2014, resulting in a positive change of 26.09%.This indicates that the balance sheet and financial strength for Sandhills Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Sandhills Bank has increased its total deposits by $6.82 million, resulting in 10.43% 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 Sandhills Bank has shown is excellent.



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. Sandhills Bank has $91.08 million in assets with $8.72 million in equity, resulting in a capitalization level of 9.58%, which is above average.

Institution Statistics

FDIC Certificate #17953
Year Established1959
Primary RegulatorFDIC
Assets and Liabilities
Assets$91.08 million
Loans$51.80 million
Deposits$72.20 million
Equity Capital$8.07 million
Loan Loss Allowance$653,000
Unbacked Noncurrent Loans$662,000
Real Estate Owned$843,000
Historic Data - March 2013
Assets$74.45 million
Equity Capital$8.32 million
Loan Loss Allowance$540,000
Unbacked Noncurrent Loans$662,000
Real Estate Owned$772,000
Profit Margin - Quarterly
Net Interest Margin4.05%
Return on Assets1.56%
Return on Equity17.27%
Interest Income$874,000

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Sandhills Bank Locations
Sandhills Bank1020 Highway 17 NorthNorth Myrtle Beach, SC 29582
Bethune Branch300 King Street EastBethune, SC 29009
Longs Branch7050 Highway 90, Suite CLongs, SC 29568