CoastalStates Bank in Hilton Head Island, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • CoastalStates Bank in Hilton Head Island, South Carolina (SC)
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CoastalStates Bank - Overview

  • General
  • FDIC Certificate #: 57756
    Status: Active
    Federal Reserve ID: 3274709
    Bank Holding Company (Regulatory Top Holder): Coastalsouth Bancshares, Inc. (RSSDID: 3274727, Location: Hilton Head Island, SC)
    Date Established: August 09, 2004
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 423465
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 09, 2004
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 5 Bow Circle, Hilton Head Island, SC 29928
    County: Beaufort
    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
    Core Based Statistical Area (CBSA): Hilton Head Island-Beaufort, SC (#25940)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $398.5 mil
    Equity capital: $30.1 mil
    Deposits held in domestic offices: $289.6 mil
    Return on assets (ROA): -1.77% (-$7.1 mil)
    Quarterly return on assets: 0.61% ($2.4 mil)
    Return on Equity (ROE): -22.94% (-$6.9 mil)
    Quarterly return on equity: 7.88% ($2.4 mil)
    Net income: -$6.9 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: -1.76% (-$7,014.0 mil)
    Quarterly Pretax return on assets: 0.61% ($2,431.0 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
  • 141Total employees (full-time equivalent)
  • $398,522Total assets
  • $10,608Cash and due from depository institutions
  • $2,893Interest-bearing balances
  • $55,184Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $297,936Net loans & leases
  • $5,327Loan loss allowance
  • $0Trading account assets
  • $1,198Bank premises and fixed assets
  • $10,061Other real estate owned
  • $1,285Goodwill and other intangibles
  • $398,523Life insurance assets
  • $22,250All other assets
  • $368,467Total liabilities and capital
  • $289,616Total liabilities
  • $250,504Total deposits
  • $289,616Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 7617.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $70,000Trading liabilities
  • $0Other borrowed funds
  • $1,234Subordinated debt
  • $30,056All other liabilities
  • $30,056Total equity capital
  • $30,056Total bank equity capital
  • $0Perpetual preferred stock
  • $8,600Common stock
  • $42,836Surplus
  • $-21,380Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $90,877Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $18,441Income earned, not collected on loans
  • $0Earning assets
  • $1,245Long-term assets (5+ years)
  • $356,013Average Assets, year-to-date
  • $52,826Average Assets, quarterly
  • $390,237Volatile liabilities
  • $385,235Insider loans
  • $264,993FHLB advances
  • $380,319Loans and leases held for sale
  • $5,923Unused loan commitments
  • $5,923Tier 1 (core) risk-based capital
  • $26,149Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $32,371Restructured Loans and leases
  • $4,451Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,321Total interest income
  • $3,910Total interest expense
  • $10,411Net interest income
  • $7,550Provision for loan and lease losses
  • $9,878Total noninterest income
  • $0Fiduciary activities
  • $267Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9,611Additional noninterest income
  • $20,278Total noninterest expense
  • $9,492Salaries and employee benefits
  • $2,441Premises and equipment expense
  • $8,345Additional noninterest expense
  • -$7,539Pre-tax net operating income
  • $653Securities gains (losses)
  • $19Applicable income taxes
  • -$6,905Income before extraordinary items
  • $0Extraordinary gains - net
  • -$6,905Net income attributable to bank
  • $0Net charge-offs
  • -$6,905Cash dividends
  • $10,876Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.12%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 2.99%Net interest margin
  • 2.84%Noninterest income to earning assets
  • 5.83%Noninterest expense to earning assets
  • -1.94%Net operating income to assets
  • -1.77%Return on assets (ROA)
  • -1.76%Pretax return on assets
  • -22.94%Return on equity (ROE)
  • -22.94%Retained earnings to average equity (YTD only)
  • 3.85%Net charge-offs to loans
  • 69.42%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 99,823Assets per employee
  • 2.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.76%Loss allowance to noncurrent loans
  • 28.89%Noncurrent assets plus other real estate owned to assets
  • 7.15%Noncurrent loans to loans
  • 6.08%Net loans and leases to deposits
  • 102.87%Net loans and leases to core deposits
  • 107.01%Equity capital to assets
  • 7.54%Core capital (leverage) ratio
  • 6.88%Tier 1 risk-based capital ratio
  • 9.87%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $390,237Average earning assets
  • $30,097Average equity
  • $347,829Average loans

List of branches

  • 5 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0423465Coastalstates Bank5 Bow Circle, Hilton Head Island, SC 29928August 09, 2004Full Service Brick and Mortar
    1441362Main Street Branch98 Main Street, Hilton Head Island, SC 29926June 03, 2005Full Service Brick and Mortar
    2441363New Orleans Road Branch18 New Orleans Road, Hilton Head Island, SC 29928June 03, 2005Limited Service Loan Production
    3457866Bluffton Village Branch7 Thurmond Way, Bluffton, SC 29910December 26, 2006Full Service Brick and Mortar
    4462477Sun City Branch30 William Pope Drive, Bluffton, SC 29910April 16, 2007Full Service Brick and Mortar

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