The Palmetto Bank

The Palmetto Bank is headquartered in Greenville and is the 5^th largest bank in the state of South Carolina. It is also the 542^nd largest bank in the nation. It was established in 1906 and as of March of 2012, it had grown to 339 employees at 34 locations. The Palmetto Bank has a 3-star health rating.

The Palmetto Bank Routing Number: 053201186

Data for Q1 2012

Institution Statistics The Palmetto Bank FDIC Certificate # 8997 BankRate Report View Year Established 1906 Employees 339 Primary Regulator FDIC Assets and Liabilities Assets $1.21 billion Loans $755.84 million Deposits $1.08 billion Equity Capital $101.54 million Loan Loss Allowance $23.39 million Unbacked Noncurrent Loans $45.54 million Real Estate Owned $27.26 million Historic Data - March 2011 Assets $1.33 billion Equity Capital $114.24 million Loan Loss Allowance $26.95 million Unbacked Noncurrent Loans $85.30 million Real Estate Owned $16.24 million Profit Margin - Quarterly Net Interest Margin 3.81% Return on Assets -0.19% Return on Equity -2.2% Interest Income $12.03 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 March 31, 2012 The Palmetto Bank had $72.81 million in non-current loans and owned real-estate with $124.93 million in equity and loan loss allowances on hand to cover it. This gives The Palmetto Bank a Texas Ratio of 58.28% 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 The Palmetto Bank decreased slightly from 71.91% as of March 31, 2011 to 58.28% as of March 31, 2012, resulting in a positive change of 18.96%.This indicates that the balance sheet and financial strength for The Palmetto Bank has improved slightly in recent periods. Deposit Growth In the past year, The Palmetto Bank has decreased its total deposits by -$105.69 million, resulting in -8.94% 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 Palmetto Bank has shown is poor. 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 Palmetto Bank has $1.21 billion in assets with $124.93 million in equity, resulting in a capitalization level of 10.29%, which is above average.

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