The Bank of South Carolina

The Bank of South Carolina is headquartered in Charleston and is the 31^st largest bank in the state of South Carolina. It is also the 1,910^st largest bank in the nation. It was established in 1987 and as of March of 2012, it had grown to 75 employees at 4 locations. The Bank of South Carolina has a 5-star health rating.

The Bank of South Carolina Routing Number: 053201872

The Bank of South Carolina Checking Account Rates

The Bank of South Carolina Savings Account Rates

The Bank of South Carolina Money Market Rates

The Bank of South Carolina CD Rates

The Bank of South Carolina IRA Rates

Data for Q1 2012

Institution Statistics The Bank of South Carolina FDIC Certificate # 26912 BankRate Report View Year Established 1987 Employees 75 Primary Regulator FDIC Assets and Liabilities Assets $343.85 million Loans $217.67 million Deposits $310.78 million Equity Capital $32.05 million Loan Loss Allowance $3.24 million Unbacked Noncurrent Loans $2.16 million Historic Data - March 2011 Assets $299.02 million Equity Capital $29.16 million Loan Loss Allowance $2.76 million Unbacked Noncurrent Loans $1.34 million Real Estate Owned $659,000 Profit Margin - Quarterly Net Interest Margin 3.96% Return on Assets 1.12% Return on Equity 11.94% Interest Income $3.39 million

Institution Health Overall Score: 5 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 March 31, 2012 The Bank of South Carolina had $2.15 million in non-current loans and owned real-estate with $35.28 million in equity and loan loss allowances on hand to cover it. This gives The Bank of South Carolina a Texas Ratio of 6.11% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for The Bank of South Carolina held steady from 6.27% as of March 31, 2011 to 6.11% as of March 31, 2012, resulting in a positive change of 2.52%.This indicates that the balance sheet and financial strength for The Bank of South Carolina has held steady in recent periods. Deposit Growth In the past year, The Bank of South Carolina has increased its total deposits by $42.08 million, resulting in 15.66% 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 The Bank of South Carolina has shown is excellent. 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. The Bank of South Carolina has $343.85 million in assets with $35.28 million in equity, resulting in a capitalization level of 10.26%, which is above average.

No reviews have been left for this bank yet. Be the first to review.