Advertisement
South Atlantic Bank
Myrtle Beach, SC · FDIC Certificate #58689 · Chartered 11/2
Total assets
$1.98B
Total deposits
$1.68B
Total equity
$171.02M
Net loans
$1.53B
Branches (offices)
12
Net income (YTD)
$10.35M
Rank: #611 of 4,213 U.S. banks by assets · #7 of 43 in South Carolina. Assets changed 6.0% and deposits 3.7% over the year to June 30, 2026.
Advertisement
Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.07% |
| Return on equity | 12.47% |
| Net interest margin (YTD) | 3.30% |
| Equity to assets | 8.64% |
| Tier 1 leverage ratio | 9.42% |
| Uninsured deposits (share of deposits) | 25.5% |
| Noncurrent loans (share of loans) | 0.01% |
| Net charge-offs (share of loans) | 0.00% |
| Loans to deposits | 91.1% |
| Real estate loans (share of loans) | 95.3% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $1.46B | 95.3% | |
| Commercial & industrial | $81.65M | 5.3% | |
| Consumer / individual | $5.17M | 0.3% | |
| Construction & development | $266.08M | 17.4% | |
| Agricultural | $0 | 0.0% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $1.40B | $1.29B | $5.46M | $98.79M |
| Jun 2023 | $1.52B | $1.29B | $6.33M | $117.54M |
| Jun 2024 | $1.74B | $1.42B | $5.14M | $130.15M |
| Jun 2025 | $1.87B | $1.62B | $7.96M | $147.77M |
| Jun 2026 | $1.98B | $1.68B | $10.35M | $171.02M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| South Carolina | $1.68B | 12 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $1.68B.
Similar-sized banks
Heritage Bank, Inc. ($1.99B) · Commonwealth Business Bank ($1.97B)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
Advertisement