Palmetto State Bank

Overview / Commentary

www.palmettostatebank.com

803-943-2671

601 First Street, West
Hampton, SC 29924

Palmetto State Bank is headquartered in Hampton and is the 15^th largest bank in the state of South Carolina. It is also the 1,396^th 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

B+

Data as of Q1 2020

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Health Grade Components

Overall
FDIC Certificate #	17563
Year Established	1907
Employees	81
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.16%
Return on Equity - YTD	8.5%
Annual Interest Income	$4.6MM

Assets and Liabilities
Assets	Q1 2020vs Q1 2019	$532.7MM$558.4MM
Loans	Q1 2020vs Q1 2019	$169.2MM$188.7MM
Deposits	Q1 2020vs Q1 2019	$442.9MM$454.6MM
Equity Capital	Q1 2020vs Q1 2019	$74.9MM$90.8MM
Loan Loss Allowance	Q1 2020vs Q1 2019	$4.0MM$4.1MM
Unbacked Noncurrent Loans	Q1 2020vs Q1 2019	$2.2MM$1.8MM
Real Estate Owned	Q1 2020vs Q1 2019	$1.3MM$119.00K

Rates

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Savings
Money Market
Checking
CD

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* 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

APY	MIN	MAX	ACCOUNT NAME
0.20%^*	$50k^*	-	Regular Savings
OTHER TIERS: 0.10% → Up to $50k
0.10%	-	-	Christmas Club

Palmetto State Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	-	-	Interest Checking

Palmetto State Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
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

Locations

Palmetto State Bank Locations
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

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