Tidelands Bank
Mount Pleasant, SC — Domestic Branch of a Domestic Bank
Acquired Jul 2016
Vitals
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Total Assets445.4M -6.3 %
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Total Deposits398.1M -7.4 %
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Total Net Loans318.1M 1.2 %
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Net Income-2900000.0000 -132.9 %
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Book Value22.7M -7.8 %
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Book Value x245.4M -7.8 %
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Book Value x368.1M -7.8 %
Balance Sheet Highlights
| Financial Highlights | Tidelands Bank | All Insured Commercial Banks in South Carolina |
| Balance Sheet $(000) | ||
| Total Assets | 445,393 | 379,560 |
| Total Net Loans | 318,076 | 233,306 |
| Total Deposits | 398,108 | 321,745 |
| Total Equity | 22,696 | 39,178 |
| Profitability | ||
| Net Income | -2,900 | 1,418 |
| Return on Average Assets | -1.266 | .637 |
| Return on Average Equity | -24.07 | 5.683 |
| Net Interest Margin | 3.194 | 3.69 |
| Efficiency Ratio | 137.639 | 78.577 |
| Noninterest Income/Revenue | 6.608 | 19.189 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 79.897 | 72.501 |
| Securities/Assets | .147 | .203 |
| Total Equity/Total Assets | .051 | .103 |
| Tangible Equity/Tangible Assets | .051 | .102 |
| Capital Adequacy | ||
| Tier 1 Common Capital | 22,815 | 37,065 |
| Tier 1 Capital | 22,815 | 37,065 |
| Tier 2 Capital | 3,430 | 2,816 |
| Total Capital | 26,245 | 39,953 |
| Total Risk Weighted Assets | 353,699 | 253,570 |
| Leverage Ratio | 5.04 | 10.032 |
| Common Equity Tier 1 Capital Ratio | 6.45 | 15.21 |
| Tier 1 Capital Ratio | 6.45 | 15.21 |
| Total Capital Ratio | 7.42 | 16.329 |
Timeline for Tidelands Bank
United Community Bank
Tidelands Bank was acquired by United Community Bank 7 years
View Profile Jul 01 2016
Tidelands Bank
Tidelands Bank was established 20 years ago and is currently headquartered in Mount Pleasant, SC.
Oct 06 2003
Tidelands Bancshares, Inc.
Tidelands Bancshares, Inc. became a new parent organization for Tidelands Bank.
View Profile Oct 06 2003| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| United Community Bank | Buyer | 10,278,851 | Acquisition | Discontinued | 7/1/2016 |
| Relationships | Role | Relationship Start | Relationship End |
| Tidelands Bancshares, Inc. | Parent | 10/6/2003 | 6/30/2016 |
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