Coastal Carolina National Bank in Myrtle Beach, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Coastal Carolina National Bank in Myrtle Beach, South Carolina (SC)
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Coastal Carolina National Bank - Overview

  • General
  • FDIC Certificate #: 58864
    Status: Active
    Federal Reserve ID: 3821822
    Bank Holding Company (Regulatory Top Holder): Coastal Carolina Bancshares, Inc. (RSSDID: 3823817, Location: Myrtle Beach, SC)
    Date Established: June 08, 2009
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 471490
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 08, 2009
    Last Structure Change Effective Date: October 26, 2009
    Last Structure Change Process Date: October 27, 2009
    Last Data Update: October 27, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 2305 North Oak Street, Myrtle Beach, SC 29577
    County: Horry
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Columbia Sc
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Myrtle Beach, SC (#5330)
    Combined Statistical Area (CSA): Myrtle Beach-Conway-Georgetown, SC (#396)
    Core Based Statistical Area (CBSA): Myrtle Beach-North Myrtle Beach-Conway, SC (#34820)
    CBSA Metro Statistical Area: Myrtle Beach-North Myrtle Beach-Conway, SC (#34820)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $93.6 mil
    Equity capital: $13.3 mil
    Deposits held in domestic offices: $79.8 mil
    Return on assets (ROA): -1.48% (-$1.4 mil)
    Quarterly return on assets: -0.26% (-$0.2 mil)
    Return on Equity (ROE): -9.14% (-$1.2 mil)
    Quarterly return on equity: -1.76% (-$0.2 mil)
    Net income: -$1.2 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -1.48% (-$1,385.2 mil)
    Quarterly Pretax return on assets: -0.26% (-$243.4 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 22Total employees (full-time equivalent)
  • $93,597Total assets
  • $9,672Cash and due from depository institutions
  • $8,648Interest-bearing balances
  • $29,507Securities
  • $825Federal funds sold & reverse repurchase agreements
  • $52,304Net loans & leases
  • $1,092Loan loss allowance
  • $0Trading account assets
  • $159Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $93,597Life insurance assets
  • $1,130All other assets
  • $80,321Total liabilities and capital
  • $79,810Total liabilities
  • $74,958Total deposits
  • $79,810Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $511Subordinated debt
  • $13,276All other liabilities
  • $13,276Total equity capital
  • $13,276Total bank equity capital
  • $0Perpetual preferred stock
  • $9,970Common stock
  • $10,247Surplus
  • $-6,941Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $889Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $699Income earned, not collected on loans
  • $0Earning assets
  • $306Long-term assets (5+ years)
  • $91,284Average Assets, year-to-date
  • $46,884Average Assets, quarterly
  • $82,984Volatile liabilities
  • $92,470Insider loans
  • $53,316FHLB advances
  • $92,919Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,135Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,063Restructured Loans and leases
  • $983Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,191Total interest income
  • $833Total interest expense
  • $2,358Net interest income
  • $659Provision for loan and lease losses
  • $103Total noninterest income
  • $0Fiduciary activities
  • $47Service charges on deposit accounts
  • $0Trading account gains & fees
  • $56Additional noninterest income
  • $3,367Total noninterest expense
  • $2,062Salaries and employee benefits
  • $358Premises and equipment expense
  • $947Additional noninterest expense
  • -$1,565Pre-tax net operating income
  • $340Securities gains (losses)
  • $0Applicable income taxes
  • -$1,225Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,225Net income attributable to bank
  • $0Net charge-offs
  • -$1,225Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.97%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 2.93%Net interest margin
  • 0.13%Noninterest income to earning assets
  • 4.18%Noninterest expense to earning assets
  • -1.89%Net operating income to assets
  • -1.48%Return on assets (ROA)
  • -1.48%Pretax return on assets
  • -9.14%Return on equity (ROE)
  • -9.14%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 136,814Assets per employee
  • 4.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.05%Loss allowance to noncurrent loans
  • 156.22%Noncurrent assets plus other real estate owned to assets
  • 0.75%Noncurrent loans to loans
  • 1.31%Net loans and leases to deposits
  • 65.54%Net loans and leases to core deposits
  • 73.85%Equity capital to assets
  • 14.18%Core capital (leverage) ratio
  • 14.14%Tier 1 risk-based capital ratio
  • 24.64%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $82,984Average earning assets
  • $13,403Average equity
  • $80,464Average loans

List of branches

  • 1 South Carolina Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0471490Coastal Carolina National Bank2305 North Oak Street, Myrtle Beach, SC 29577June 08, 2009Full Service Brick and Mortar

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