Palmetto State Bank

Overview / Commentary
601 First Street, West
Hampton, SC 29924

Palmetto State Bank is headquartered in Hampton and is the 15th largest bank in the state of South Carolina. It is also the 1,396th largest bank in the nation. It was established in 1907 and as of March of 2020, it had grown to 81 employees at 8 locations. Palmetto State Bank has a B+ health rating.


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Health Grade Components

FDIC Certificate #17563
Year Established1907
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.16%
Return on Equity - YTD8.5%
Annual Interest Income$4.6MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$532.7MM$558.4MM
LoansQ1 2020vs Q1 2019$169.2MM$188.7MM
DepositsQ1 2020vs Q1 2019$442.9MM$454.6MM
Equity CapitalQ1 2020vs Q1 2019$74.9MM$90.8MM
Loan Loss AllowanceQ1 2020vs Q1 2019$4.0MM$4.1MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$2.2MM$1.8MM
Real Estate OwnedQ1 2020vs Q1 2019$1.3MM$119.00K
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Always verify rates and promotions with the bank or credit union. We are not Palmetto State Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Palmetto State Bank Savings Account Rates

0.20%*$50k*-Regular Savings
OTHER TIERS: 0.10% Up to $50k
0.10%--Christmas Club

Palmetto State Bank Money Market Rates

0.20%*$50k*-Business Money Market
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $50k
0.15%*$50k*-Personal Money Market
OTHER TIERS: 0.10% Up to $50k

Palmetto State Bank Checking Account Rates

0.10%--Interest Checking

Palmetto State Bank CD Rates

0.60%*$50k*-24 Month CD
OTHER TIERS: 0.20% Up to $20k | 0.30% $20k - $50k
0.60%*$50k*-36 Month CD
OTHER TIERS: 0.20% Up to $20k | 0.30% $20k - $50k
0.60%*$50k*-48 Month CD
OTHER TIERS: 0.20% Up to $20k | 0.30% $20k - $50k
0.30%*$5k*-182 Day CD
OTHER TIERS: 0.20% Up to $5k
0.30%*$20k*-12 Month CD
OTHER TIERS: 0.20% Up to $20k
0.30%*$20k*-18 Month CD
OTHER TIERS: 0.20% Up to $20k
0.10%--30 Day CD
0.10%--90 Day CD

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 First Street, WestHampton, 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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