Southcoast Community Bank

534 Johnnie Dodds Boulevard
Mt. Pleasant, NC 29464
877-884-0504
www.southcoastbank.com

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Southcoast Community Bank is headquartered in Mount Pleasant and is the 22^nd largest bank in the state of South Carolina. It is also the 1,494^th largest bank in the nation. It was established in 1998 and as of September of 2011, it had grown to 97 employees at 12 locations. Southcoast Community Bank's savings rates are 44% higher than the national average, and it has a 3-star health rating.

High-Yield Reward Checking Accounts at Southcoast Community Bank in South Carolina - 2/27/2009

Update 9/07/09: The top rate has fallen to 3.51% APY.Southcoast Community Bank is offering a reward checking account that pays 3.51% APY on balances up to $50,000 (0.61% for above) and reimburses nationwide ATM fees if the following monthly requirements...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Southcoast Community Bank Checking Account Rates

Apy	Min	Max	Product
1.50%	-	$35k	Rewards Checking
1.50%	-	$35k	Rewards Checking with Reward Savings
0.15%	$25k	-	NOW Checking
0.15%	$25k	-	Senior Checking
0.15%	$25k	-	Advantage Checking

Southcoast Community Bank Savings Account Rates

Apy	Min	Max	Product
0.75%	-	$35k	Rewards Savings
0.15%	$250	-	Regular Savings

Southcoast Community Bank Money Market Rates

Apy	Min	Max	Product
0.50%	-	-	Indexed Money Market
0.20%	$25k	-	Advantage Money Market

Southcoast Community Bank CD Rates

Apy	Min	Max	Product
1.15%	$500	-	12 Month Advantage CD
1.05%	$500	-	6 Month Advantage CD
0.50%	$500	-	9 Month CD
0.50%	$500	-	10 Month CD
0.50%	$500	-	12 Month CD
0.50%	$500	-	14 Month CD
0.35%	$500	-	6 Month CD
0.25%	$500	-	3 Month CD
0.00%	$500	-	8 Month CD
0.00%	$500	-	5 Year CD

Southcoast Community Bank IRA Rates

Apy	Min	Max	Product
0.50%	$500	-	9 Month IRA
0.50%	$500	-	10 Month IRA
0.50%	$500	-	12 Month IRA
0.50%	$500	-	14 Month IRA
0.50%	$500	-	9 Month Roth IRA
0.50%	$500	-	10 Month Roth IRA
0.50%	$500	-	12 Month Roth IRA
0.50%	$500	-	14 Month Roth IRA
0.35%	$500	-	6 Month IRA
0.35%	$500	-	6 Month Roth IRA
0.25%	$500	-	3 Month IRA
0.25%	$500	-	3 Month Roth IRA
0.00%	$500	-	8 Month IRA
0.00%	$500	-	5 Year IRA
0.00%	$500	-	8 Month Roth IRA
0.00%	$500	-	5 Year Roth IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

SouthCoast Community Bank
FDIC Certificate #	34774
BankRate Report	View
Year Established	1998
Employees	97
Primary Regulator	FDIC
Assets and Liabilities
Assets	$440.62 million
Loans	$315.73 million
Deposits	$333.51 million
Equity Capital	$40.55 million
Loan Loss Allowance	$10.51 million
Unbacked Noncurrent Loans	$22.11 million
Real Estate Owned	$6.63 million
Historic Data - September 2010
Assets	$469.17 million
Equity Capital	$50.27 million
Loan Loss Allowance	$9.77 million
Unbacked Noncurrent Loans	$22.53 million
Real Estate Owned	$8.43 million
Profit Margin - Quarterly
Net Interest Margin	3.14%
Return on Assets	-3%
Return on Equity	-30.83%
Interest Income	$14.56 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 September 30, 2011 Southcoast Community Bank had $28.74 million in non-current loans and owned real-estate with $51.06 million in equity and loan loss allowances on hand to cover it. This gives Southcoast Community Bank a Texas Ratio of 56.29% 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 Southcoast Community Bank held steady from 51.55% as of September 30, 2010 to 56.29% as of September 30, 2011, resulting in a negative change of 9.18%. This indicates that the balance sheet and financial strength for Southcoast Community Bank has held steady in recent periods.
Deposit Growth
In the past year, Southcoast Community Bank has decreased its total deposits by -$11.46 million, resulting in -3.32% 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 Southcoast Community Bank has shown is below average.
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. Southcoast Community Bank has $440.62 million in assets with $51.06 million in equity, resulting in a capitalization level of 11.59%, which is above average.