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 South Atlantic Bank
South Atlantic Bank
| RSSD ID 3637247 | CERTIFICATE 58689 | ABA NUMBER 53208260 |
| 630 29th Ave N |
Quarter Ended : |
2025-12-31 |
| Myrtle Beach, South Carolina, 29577 |
Updated : |
2026-01-30 |
| SouthAtlantic.bank |
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| Institution Profile |
| Year Opened : |
2007 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
Yes |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
12 |
Number of Employees : |
170 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 1,916,599 |
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Total Interest Income | 95,525 |
| Total Liabilities | 1,755,429 |
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Total NonInterest Income | 6,443 |
| Total Bank Equity Capital | 161,170 |
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Total Interest Expense | 38,930 |
| Total Deposits | 1,557,064 |
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Total NonInterest Expense | 38,710 |
| Net Loans & Leases | 1,449,706 |
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Net Income | 17,274 |
| Loan Loss Allowance | 13,715 |
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Net Charge Offs | 6 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 185,601 |
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Total loans | 1,444,296 |
| Total assets for the leverage ratio | 1,864,362 |
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Loans secured by real estate: | 1,350,425 |
| Tier 1 Leverage Ratio | 9.19 |
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Commercial and industrial loans | 79,705 |
| Tier 1 Capital Ratio | 11.21 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 12.15 |
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Loans to individuals - Other | 6,530 |
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:· South Atlantic Bank
