Palmetto State Bank is headquartered in Hampton and is the 14th largest bank in the state of South Carolina. It is also the 1,373rd largest bank in the nation. It was established in 1907 and as of December of 2020, it had grown to 87 employees at 8 locations. Palmetto State Bank has an A+ health rating.
Overall | |
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FDIC Certificate # | 17563 |
Year Established | 1907 |
Employees | 87 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.29% |
Return on Equity - YTD | 10.04% |
Annual Interest Income | $17.7MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $620.9MM$547.1MM |
Loans | Q4 2020vs Q4 2019 | $223.4MM$173.7MM |
Deposits | Q4 2020vs Q4 2019 | $525.1MM$463.2MM |
Equity Capital | Q4 2020vs Q4 2019 | $77.7MM$71.8MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $3.3MM$3.3MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $1.3MM$1.6MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $1.1MM$1.3MM |
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Palmetto State Bank Locations | ||
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Estill Branch | 106 East 3rd Street | Estill, SC 29918 |
Lady's Island Branch | 145 Lady's Island Drive | Lady's Island, SC 29902 |
Allendale Branch | 230 Main Street N | Allendale, SC 29810 |
Palmetto State Bank | 601 First Street, West | Hampton, SC 29924 |
Bluffton Branch | 194 Bluffton Road | Bluffton, SC 29910 |
Fairfax Branch | Seventh Street and Charleston Avenue | Fairfax, SC 29827 |
Burton Branch | 2347 Boundary Street | Beaufort, SC 29902 |
Drive-In Branch | Bay Street | Allendale, SC 29810 |