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877-884-0504
530 Johnnie Dodds Boulevard
Mount Pleasant, SC 29464

SouthCoast Community Bank is headquartered in Mount Pleasant and is the 15st largest bank in the state of South Carolina. It is also the 1,497th largest bank in the nation. It was established in 1998 and as of December of 2013, it had grown to 93 employees at 12 locations. SouthCoast Community Bank has a B health rating.

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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
C+

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 SouthCoast Community Bank had $15.1 million in non-current loans and owned real-estate with $52.42 million in equity and loan loss allowances on hand to cover it. This gives SouthCoast Community Bank a Texas Ratio of 28.81% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for SouthCoast Community Bank decreased slightly from 38.81% as of December 31, 2012 to 28.81% as of December 31, 2013, resulting in a positive change of 25.76%.This indicates that the balance sheet and financial strength for SouthCoast Community Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, SouthCoast Community Bank has decreased its total deposits by -$3.71 million, resulting in -1.15% 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 average.

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. SouthCoast Community Bank has $443.78 million in assets with $52.42 million in equity, resulting in a capitalization level of 11.81%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #34774
Year Established1998
Employees93
Primary RegulatorFDIC
Assets and Liabilities
Assets$443.78 million
Loans$326.14 million
Deposits$318.25 million
Equity Capital$46.37 million
Loan Loss Allowance$6.04 million
Unbacked Noncurrent Loans$9.85 million
Real Estate Owned$5.25 million
Historic Data - December 2012
Assets$436.31 million
Equity Capital$41.66 million
Loan Loss Allowance$8.16 million
Unbacked Noncurrent Loans$9.85 million
Real Estate Owned$9.62 million
Profit Margin - Quarterly
Net Interest Margin3.63%
Return on Assets1.91%
Return on Equity18.45%
Interest Income$17.56 million
Rates

Always verify rates and promotions with the bank or credit union. We are not SouthCoast Community Bank, we are a rate comparison website and can not provide official rates or promotions.

SouthCoast Community Bank Savings Account Rates

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

SouthCoast Community Bank Money Market Rates

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

SouthCoast Community Bank Checking Account Rates

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

SouthCoast Community Bank CD Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
0.25%$500-9 Month IRA (Traditional,Roth)
0.25%$500-10 Month IRA (Traditional,Roth)
0.25%$500-12 Month IRA (Traditional,Roth)
0.25%$500-14 Month IRA (Traditional,Roth)
0.20%$500-3 Month IRA (Traditional,Roth)
0.20%$500-6 Month IRA (Traditional,Roth)
Locations

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