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Overview / Commentary
530 Johnnie Dodds Boulevard
Mount Pleasant, SC 29464

SouthCoast Community Bank is headquartered in Mount Pleasant and is the 16st largest bank in the state of South Carolina. It is also the 1,511st largest bank in the nation. It was established in 1998 and as of March of 2014, it had grown to 95 employees at 12 locations. SouthCoast Community Bank has a B+ health rating.

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Data for Q1 2014

Institution Health


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 SouthCoast Community Bank had $12.83 million in non-current loans and owned real-estate with $53.63 million in equity and loan loss allowances on hand to cover it. This gives SouthCoast Community Bank a Texas Ratio of 23.93% which is 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 decreased slightly from 30.85% as of March 31, 2013 to 23.93% as of March 31, 2014, resulting in a positive change of 22.42%.This indicates that the balance sheet and financial strength for SouthCoast Community Bank has improved slightly in recent periods.

Deposit Growth


In the past year, SouthCoast Community Bank has increased its total deposits by $10.88 million, resulting in 3.37% 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 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. SouthCoast Community Bank has $447.38 million in assets with $53.63 million in equity, resulting in a capitalization level of 11.99%, which is excellent.

Institution Statistics

FDIC Certificate #34774
Year Established1998
Primary RegulatorFDIC
Assets and Liabilities
Assets$447.38 million
Loans$333.15 million
Deposits$334.28 million
Equity Capital$47.48 million
Loan Loss Allowance$6.15 million
Unbacked Noncurrent Loans$8.57 million
Real Estate Owned$4.27 million
Historic Data - March 2013
Assets$439.83 million
Equity Capital$42.78 million
Loan Loss Allowance$7.81 million
Unbacked Noncurrent Loans$8.57 million
Real Estate Owned$6.80 million
Profit Margin - Quarterly
Net Interest Margin3.78%
Return on Assets0.7%
Return on Equity6.69%
Interest Income$4.54 million

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SouthCoast Community Bank Savings Account Rates

0.50%-$35kRewards Savings - Qualifying
0.15%$250-Regular Savings
0.05%--Rewards Savings - Non Qualifying

SouthCoast Community Bank Money Market Rates

0.25%--Indexed Money Market
0.20%$25k-Advantage Money Market

SouthCoast Community Bank Checking Account Rates

1.50%-$35kRewards Checking - Qualifying
1.50%-$35kRewards Checking with Reward Savings- Qualifying
0.15%$25k-NOW Checking
0.15%$25k-Senior Checking
0.15%$25k-Advantage Checking
0.05%--Rewards Checking - Non Qualifying
0.05%--Rewards Checking with Reward Savings - Non Qualifying

SouthCoast Community Bank CD Rates

0.85%$1k-24 Month CD
0.25%$1k-9 Month CD
0.25%$1k-10 Month CD
0.25%$1k-12 Month CD
0.25%$1k-14 Month CD
0.25%$1k-12 Month Advantage CD
0.20%$1k-3 Month CD
0.20%$1k-6 Month CD
0.20%$1k-6 Month Advantage CD

SouthCoast Community Bank IRA Rates

0.25%$500-9 Month IRA
0.25%$500-10 Month IRA
0.25%$500-12 Month IRA
0.25%$500-14 Month IRA
0.20%$500-3 Month IRA
0.20%$500-6 Month IRA

SouthCoast Community Bank has 11 locations. Click to view all SouthCoast Community Bank locations.