Vitals
  • Total Assets
    1.2B 6.7 %
  • Total Deposits
    978.0M 5.2 %
  • Total Net Loans
    814.4M 9.7 %
  • Net Income
    6.2M 50.8 %
  • Book Value
    136.5M 5.1 %
  • Book Value x2
    272.9M 5.1 %
  • Book Value x3
    409.4M 5.1 %
ROAA

1.072

ROAE

9.195

Efficiency Ratio

67.831

Net Interest Margin

3.705

Balance Sheet Highlights
Financial Highlights The Palmetto Bank All Insured Commercial Banks in South Carolina
Balance Sheet $(000)
Total Assets 1,165,004 381,798
Total Net Loans 814,396 232,553
Total Deposits 978,042 321,870
Total Equity 136,463 36,900
Profitability
Net Income 6,204 1,661
Return on Average Assets 1.072 .818
Return on Average Equity 9.195 8.106
Net Interest Margin 3.705 3.691
Efficiency Ratio 67.831 78.224
Noninterest Income/Revenue 26.893 19.328
Balance Sheet Ratios
Loan-to-Deposit 83.268 73.711
Securities/Assets .174 .191
Total Equity/Total Assets .117 .097
Tangible Equity/Tangible Assets .115 .096
Capital Adequacy
Tier 1 Common Capital 136,349 35,885
Tier 1 Capital 136,349 35,990
Tier 2 Capital 11,832 3,063
Total Capital 148,181 39,053
Total Risk Weighted Assets 939,688 258,666
Leverage Ratio 11.72 9.938
Common Equity Tier 1 Capital Ratio 14.51 14.815
Tier 1 Capital Ratio 14.51 14.84
Total Capital Ratio 15.77 16.023

Timeline for The Palmetto Bank

United Community Bank

The Palmetto Bank was acquired by United Community Bank 8 years

View Profile Sep 01 2015

Palmetto Capital, Inc.

Acquisition: The Palmetto Bank acquired a new subsidiary, Palmetto Capital, Inc. , 12 years

View Profile Oct 01 2011

Palmetto Capital, Inc.

Palmetto Capital, Inc. became a new subsidiary organization for The Palmetto Bank.

View Profile Jun 15 1992

Bank Of Hodges

Acquisition: The Palmetto Bank acquired a new subsidiary, Bank Of Hodges, 35 years

View Profile Jul 05 1988

Palmetto Bancshares, Inc.

Palmetto Bancshares, Inc. became a new parent organization for The Palmetto Bank.

View Profile May 06 1983

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Complete timeline for The Palmetto Bank is available.

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Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
United Community Bank Buyer 10,278,851 Acquisition Discontinued 9/1/2015
Palmetto Capital, Inc. Seller Pooling of Interests Discontinued 10/1/2011
Bank Of Hodges Seller 19,532 Discontinued 7/5/1988
Relationships Role Relationship Start Relationship End
Palmetto Bancshares, Inc. Parent 5/6/1983 8/31/2015
Palmetto Capital, Inc. Subsidary 6/30/2007 9/30/2011
Palmetto Capital, Inc. Subsidary 6/15/1992 6/29/2007
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