CresCom Bank is headquartered in Charleston and is the 2nd largest bank in the state of South Carolina. It is also the 274th largest bank in the nation. It was established in 2001 and as of June of 2018, it had grown to 749 employees at 61 locations. CresCom Bank has an A+ health rating.
CresCom is the new name of our bank which was previously Wachovia, Waccamaw, and Community Bank. It is irritating that the name keeps changing, necessitating the ordering of new checks and changing direct deposit information in numerous places that pay me direct. However, the new management has retained their local staff who are friendly, personable, and caring. The staff have made the many transitions of ownership less painful for the customer. This is a small town bank, and when we walk in to CresCom it's like being at home. They offer the standard services I have experienced in other banks in other parts of the country, including a user-friendly website. This is the only bank in our small town, currently, although there are other choices in the larger town close by. I am glad to have a bank that is conveniently located and where everybody knows your name!
|FDIC Certificate #||57135|
|Return on Assets - YTD||1.12%|
|Return on Equity - YTD||7.63%|
|Annual Interest Income||$77.6MM|
|Assets and Liabilities|
|Assets||Q2 2018vs Q2 2017||$3.70B$2.19B|
|Loans||Q2 2018vs Q2 2017||$2.45B$1.46B|
|Deposits||Q2 2018vs Q2 2017||$2.73B$1.68B|
|Equity Capital||Q2 2018vs Q2 2017||$575.8MM$299.5MM|
|Loan Loss Allowance||Q2 2018vs Q2 2017||$13.0MM$10.8MM|
|Unbacked Noncurrent Loans||Q2 2018vs Q2 2017||$9.8MM$6.0MM|
|Real Estate Owned||Q2 2018vs Q2 2017||$1.7MM$1.4MM|
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