The Bank of South Carolina
LOCATIONS
4
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HEALTH RATING
B+
View health report
CURRENT TOP RATE
1.20% APY
5 Year CD
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Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.20% | 5-year CD | 2.27% - National Average |
| 0.55% | 1-year CD | 1.37% - National Average |
| 0.37% | Savings | 0.26% - National Average |
Overview / Commentary
The Bank of South Carolina is headquartered in Charleston and is the 20th largest bank in the state of South Carolina. It is also the 1,626th largest bank in the nation. It was established in 1987 and as of December of 2018, it had grown to 79 employees at 4 locations. The Bank of South Carolina has a B+ health rating.
Health
B+
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 26912 |
| Year Established | 1987 |
| Employees | 79 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.65% |
| Return on Equity - YTD | 16.56% |
| Annual Interest Income | $18.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $429.0MM$446.6MM |
| Loans | Q4 2018vs Q4 2017 | $271.6MM$268.4MM |
| Deposits | Q4 2018vs Q4 2017 | $383.4MM$403.8MM |
| Equity Capital | Q4 2018vs Q4 2017 | $45.1MM$42.4MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $4.2MM$3.9MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $824.00K$869.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$435.00K |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
The Bank of South Carolina Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.37% | - | - | Savings Account |
The Bank of South Carolina Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.35%* | $10k* | - | Money Market Account | ||
| OTHER TIERS: 0.28% → Up to $1k | 0.29% → $1k - $10k | |||||
The Bank of South Carolina Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.35%* | $10k* | - | NOW Account | ||
| OTHER TIERS: 0.28% → Up to $2.5k | 0.29% → $2.5k - $10k | |||||
The Bank of South Carolina CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.20% | $1k | - | 5 Year CD | |
| 0.55% | $1k | - | 9 Month CD | |
| 0.55% | $1k | - | 1 Year CD | |
| 0.50% | $1k | - | 6 Month CD | |
| 0.45% | $1k | - | 3 Month CD | |
| 0.40% | $1k | - | 1 Month CD |
The Bank of South Carolina IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | $100 | - | 18 Month Fixed IRA | |
| 0.85% | $100 | - | 12 Month IRA |
Locations
| The Bank of South Carolina Locations | ||
|---|---|---|
| Summerville Branch | 100 North Main Street | Summerville, SC 29483 |
| Mt Pleasant Branch | 1337 Chuck Dawley Boulevard | Mount Pleasant, SC 29464 |
| West Ashey Office Branch | 2027 San Rittenberg Boulevard | Charleston, SC 29407 |
| The Bank Of South Carolina | 256 Meeting Street | Charleston, SC 29401 |