Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
803-771-2265
520 Gervais Street
Columbia, SC 29201

SCBT is headquartered in Columbia and is the 2nd largest bank in the state of South Carolina. It is also the 127th largest bank in the nation. It was established in 1934 and as of December of 2013, it had grown to 2,106 employees at 155 locations. SCBT has a A health rating.

Related Posts



Reviews (1)

Terrible Customer Service

Here is why you should not use SCBT (South Carolina Bank & Trust). A month ago, I traveled from Las Vegas to Los Angeles for the weekend, and my debit card got blocked after one transaction. I couldn't reactivate it because the customer service helpline runs only during the weekdays and on Saturday from 8:00-2:00pm. Stuck without money, since it happened after 2:00pm on Saturday, I had to wait and borrow money just to get home. This happened AGAIN this past week in San Francisco, and again, the customer service hotline was closed so I had to borrow money to get home. I sent this message to them in reply,

"Hello. I am contacting you again because of SCBT's lack of urgency to help one of their long term patrons. I am currently stranded in San Francisco with no cash. Why? Because SCBT deactivated my card again. I have no way of mitigating the situation because the customer disservice helpline is closed for another 24 hours. I am hungry, helpless, and it is all due to what I am sure will be explained as a "safety protocol". Have I mentioned that the exact same thing happened a month ago when I traveled to Los Angeles for work? I keep trying to find a way to rate your services, but I cannot find a selection for "negative five stars". Get your act together SCBT, not because I plan to remain as a patron to your excuse for a business, but rather so that future unfortunate patrons don't experience the same egregious customer service that I am experiencing right now. Do you roger that?"

If you have had any similar experiences with this bank, please share this.



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
B+

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 December 31, 2013 SCBT had $164.5 million in non-current loans and owned real-estate with $1.11 billion in equity and loan loss allowances on hand to cover it. This gives SCBT a Texas Ratio of 14.78% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for SCBT decreased dramatically from 28.25% as of December 31, 2012 to 14.78% as of December 31, 2013, resulting in a positive change of 47.69%.This indicates that the balance sheet and financial strength for SCBT has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, SCBT has increased its total deposits by $2.26 billion, resulting in 52.63% 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 SCBT has shown is excellent.

Capitalization

GRADE:
A+

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. SCBT has $7.93 billion in assets with $1.11 billion in equity, resulting in a capitalization level of 14.03%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #13425
Year Established1934
Employees2106
Primary RegulatorFDIC
Assets and Liabilities
Assets$7.93 billion
Loans$5.68 billion
Deposits$6.57 billion
Equity Capital$1.07 billion
Loan Loss Allowance$45.95 million
Unbacked Noncurrent Loans$127.17 million
Real Estate Owned$37.34 million
Historic Data - December 2012
Assets$5.13 billion
Equity Capital$552.59 million
Loan Loss Allowance$76.30 million
Unbacked Noncurrent Loans$127.17 million
Real Estate Owned$32.25 million
Profit Margin - Quarterly
Net Interest Margin5.14%
Return on Assets0.86%
Return on Equity7.1%
Interest Income$286.00 million
Rates

Sorry, we do not have rate data for SCBT

Locations

SCBT has 82 locations. Click to view all SCBT locations.