Southcoast Community Bank
Mount Pleasant, SC — Domestic Branch of a Domestic Bank
Acquired Jun 2016
Vitals
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Total Assets473.3M -2.6 %
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Total Deposits342.3M -4.8 %
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Total Net Loans377.7M 4.1 %
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Net Income1.9M -12.3 %
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Book Value55.6M 9.1 %
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Book Value x2111.2M 9.1 %
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Book Value x3166.8M 9.1 %
Balance Sheet Highlights
Financial Highlights | Southcoast Community Bank | All Insured Commercial Banks in South Carolina |
Balance Sheet $(000) | ||
Total Assets | 473,306 | 368,325 |
Total Net Loans | 377,653 | 226,727 |
Total Deposits | 342,277 | 311,636 |
Total Equity | 55,607 | 37,593 |
Profitability | ||
Net Income | 1,854 | 708 |
Return on Average Assets | 1.562 | .672 |
Return on Average Equity | 13.576 | 6.309 |
Net Interest Margin | 3.618 | 3.697 |
Efficiency Ratio | 64.182 | 77.182 |
Noninterest Income/Revenue | 11.699 | 18.329 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 110.336 | 72.549 |
Securities/Assets | .066 | .202 |
Total Equity/Total Assets | .117 | .102 |
Tangible Equity/Tangible Assets | .117 | .101 |
Capital Adequacy | ||
Tier 1 Common Capital | 56,245 | 35,893 |
Tier 1 Capital | 56,245 | 35,893 |
Tier 2 Capital | 4,328 | 2,803 |
Total Capital | 60,573 | 38,759 |
Total Risk Weighted Assets | 346,089 | 246,524 |
Leverage Ratio | 11.85 | 10.029 |
Common Equity Tier 1 Capital Ratio | 16.25 | 15.198 |
Tier 1 Capital Ratio | 16.25 | 15.198 |
Total Capital Ratio | 17.5 | 16.34 |
Timeline for Southcoast Community Bank
Bank Of North Carolina
Southcoast Community Bank was acquired by Bank Of North Carolina 7 years
View Profile Jun 17 2016Southcoast Financial Corporation
Southcoast Financial Corporation became a new parent organization for Southcoast Community Bank.
View Profile Apr 29 1999Southcoast Community Bank
Southcoast Community Bank was established 25 years ago and is currently headquartered in Mount Pleasant, SC.
Jul 20 1998Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Bank Of North Carolina | Buyer | 6,799,366 | Acquisition | Discontinued | 6/17/2016 |
Relationships | Role | Relationship Start | Relationship End |
Southcoast Financial Corporation | Parent | 4/29/1999 | 6/16/2016 |
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