Palmetto State Bank


Overview / Commentary
803-943-2671
601 First Street, West
Hampton, SC 29924

Palmetto State Bank is headquartered in Hampton and is the 18th largest bank in the state of South Carolina. It is also the 1,331st largest bank in the nation. It was established in 1907 and as of June of 2022, it had grown to 78 employees at 8 locations. Palmetto State Bank has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #17563
Year Established1907
Employees78
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.71%
Return on Equity - YTD6.29%
Annual Interest Income$9.9MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$688.8MM$676.1MM
LoansQ2 2022vs Q2 2021$222.5MM$220.0MM
DepositsQ2 2022vs Q2 2021$593.3MM$561.4MM
Equity CapitalQ2 2022vs Q2 2021$75.2MM$82.6MM
Loan Loss AllowanceQ2 2022vs Q2 2021$4.1MM$5.2MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$295.00K$34.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

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Locations


Palmetto State Bank Locations
Estill Branch106 East 3rd StreetEstill, SC 29918
Lady's Island Branch145 Lady's Island DriveLady's Island, SC 29902
Allendale Branch230 Main Street NAllendale, SC 29810
Palmetto State Bank601 1st St WHampton, SC 29924
Bluffton Branch194 Bluffton RoadBluffton, SC 29910
Fairfax BranchSeventh Street and Charleston AvenueFairfax, SC 29827
Burton Branch2347 Boundary StreetBeaufort, SC 29902
Drive-In BranchBay StreetAllendale, SC 29810

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