The Bank of South Carolina

Overview / Commentary

www.banksc.com

843-724-1500

256 Meeting Street
Charleston, SC 29401

The Bank of South Carolina is headquartered in CHARLESTON and is the 18^th largest bank in the state of South Carolina. It is also the 1,404^th largest bank in the nation. It was established in 1987 and as of March of 2023, it had grown to 83 employees at 5 locations. The Bank of South Carolina's CD rates are 2X the national average, and it has a B health rating.

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Health

Data as of Q1 2023

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Health Grade Components

Overall
FDIC Certificate #	26912
Year Established	1987
Employees	83
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.02%
Return on Equity - YTD	16.36%
Annual Interest Income	$5.8MM

Assets and Liabilities
Assets	Q1 2023vs Q1 2022	$646.4MM$664.7MM
Loans	Q1 2023vs Q1 2022	$330.8MM$313.2MM
Deposits	Q1 2023vs Q1 2022	$588.7MM$604.9MM
Equity Capital	Q1 2023vs Q1 2022	$43.0MM$44.5MM
Loan Loss Allowance	Q1 2023vs Q1 2022	$4.3MM$4.3MM
Unbacked Noncurrent Loans	Q1 2023vs Q1 2022	$901.00K$630.00K
Real Estate Owned	Q1 2023vs Q1 2022	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not The Bank of South Carolina; 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.

The Bank of South Carolina Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%	-	-	Savings Account
0.25%^*	$10k^*	-	HSA Account
OTHER TIERS: 0.10% → Up to $2.5k \| 0.15% → $2.5k - $5k \| 0.20% → $5k - $10k

The Bank of South Carolina Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%^*	$10k^*	-	Money Market Account
OTHER TIERS: 0.10% → Up to $1k \| 0.15% → $1k - $2.5k \| 0.20% → $2.5k - $10k

The Bank of South Carolina Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%^*	$10k^*	-	NOW Account
OTHER TIERS: 0.10% → Up to $2.5k \| 0.15% → $2.5k - $5k \| 0.20% → $5k - $10k
0.25%^*	$10k^*	-	Business Interest Checking
OTHER TIERS: 0.10% → Up to $2.5k \| 0.15% → $2.5k - $5k \| 0.20% → $5k - $10k
0.25%^*	$10k^*	-	Special Citizen Account
OTHER TIERS: 0.10% → Up to $2.5k \| 0.15% → $2.5k - $5k \| 0.20% → $5k - $10k

The Bank of South Carolina CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.50%	$1k	-	24 Month CD
2.25%	$1k	-	18 Month CD
2.00%	$1k	-	1 Year CD
1.75%	$1k	-	9 Month CD
1.50%	$1k	-	6 Month CD
1.25%	$1k	-	3 Month CD
1.00%	$1k	-	1 Month CD

The Bank of South Carolina IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.75%	$100	-	18 Month Fixed IRA
0.50%	$100	-	12 Month Fixed 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 Sam Rittenberg Boulevard	Charleston, SC 29407
The Bank Of South Carolina	256 Meeting St	Charleston, SC 29401
North Charleston Branch	9403 Highway 78	Ladson, SC 29456

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