Beach First National Bank
Myrtle Beach, SC — National Bank
Acquired Apr 2010
Vitals
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Total Assets590.0M -17.8 %
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Total Deposits521.1M -13.1 %
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Total Net Loans456.5M -19.4 %
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Net Income-17409000.0000
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Book Value8.1M -84.1 %
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Book Value x216.1M -84.1 %
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Book Value x324.2M -84.1 %
Balance Sheet Highlights
| Financial Highlights | Beach First National Bank | All Insured Commercial Banks in South Carolina |
| Balance Sheet $(000) | ||
| Total Assets | 590,024 | 404,658 |
| Total Net Loans | 456,503 | 271,649 |
| Total Deposits | 521,138 | 330,610 |
| Total Equity | 8,064 | 34,872 |
| Profitability | ||
| Net Income | -17,409 | -169 |
| Return on Average Assets | -11.643 | -.069 |
| Return on Average Equity | -416.92 | -2.854 |
| Net Interest Margin | 1.799 | 3.442 |
| Efficiency Ratio | 170.194 | 78.525 |
| Noninterest Income/Revenue | 8.031 | 13.191 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 87.597 | 79.59 |
| Securities/Assets | .101 | .273 |
| Total Equity/Total Assets | .014 | .086 |
| Tangible Equity/Tangible Assets | .014 | -.09 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 7,884 | 33,208 |
| Tier 2 Capital | 5,670 | 4,743 |
| Total Capital | 13,554 | 37,157 |
| Total Risk Weighted Assets | 439,899 | 285,180 |
| Leverage Ratio | 1.32 | 9.11 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 1.79 | 12.782 |
| Total Capital Ratio | 3.08 | 14.041 |
Timeline for Beach First National Bank
Beach First National Bank was acquired by 14 years
Apr 10 2010
Bank Of North Carolina
Beach First National Bank was acquired by Bank Of North Carolina 14 years
View Profile Apr 10 2010
Beach First National Bank
Beach First National Bank was established 27 years ago and is currently headquartered in Myrtle Beach, SC.
Sep 23 1996
Beach First National Bancshares, Inc.
Beach First National Bancshares, Inc. became a new parent organization for Beach First National Bank.
View Profile Sep 23 1996| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Bank Of North Carolina | Buyer | 6,799,366 | Failure | 4/10/2010 |
| Relationships | Role | Relationship Start | Relationship End |
| Beach First National Bancshares, Inc. | Parent | 9/23/1996 | 4/9/2010 |
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