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


Sandhills Bank - Overview

  • General
  • FDIC Certificate #: 17953
    Status: Active
    Federal Reserve ID: 806220
    Bank Holding Company (Regulatory Top Holder): Max Bancorp, Llc (RSSDID: 3878835, Location: New York, NY)
    Date Established: January 02, 1959
    WWW: http://www.sandhillsbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 14657
    FDIC's unique #: 11886
    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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: January 02, 1959
    Last Structure Change Effective Date: June 15, 2006
    Last Structure Change Process Date: July 18, 2006
    Last Data Update: July 18, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1020 Highway 17 North, North Myrtle Beach, SC 29582
    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 Location
  • Financial Summary
  • Total assets: $62.6 mil
    Equity capital: $7.5 mil
    Deposits held in domestic offices: $54.3 mil
    Return on assets (ROA): -0.36% (-$0.2 mil)
    Quarterly return on assets: 0.38% ($0.2 mil)
    Return on Equity (ROE): -3.73% (-$0.3 mil)
    Quarterly return on equity: 3.50% ($0.2 mil)
    Net income: -$0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -0.36% (-$225.3 mil)
    Quarterly Pretax return on assets: 0.38% ($237.8 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 17Total employees (full-time equivalent)
  • $62,582Total assets
  • $7,366Cash and due from depository institutions
  • $5,532Interest-bearing balances
  • $26,783Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $19,481Net loans & leases
  • $379Loan loss allowance
  • $0Trading account assets
  • $6,075Bank premises and fixed assets
  • $794Other real estate owned
  • $504Goodwill and other intangibles
  • $62,582Life insurance assets
  • $1,579All other assets
  • $55,088Total liabilities and capital
  • $54,277Total liabilities
  • $48,808Total deposits
  • $54,277Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $811Subordinated debt
  • $7,494All other liabilities
  • $7,494Total equity capital
  • $7,494Total bank equity capital
  • $0Perpetual preferred stock
  • $90Common stock
  • $13,296Surplus
  • $-5,892Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $886Income earned, not collected on loans
  • $0Earning assets
  • $432Long-term assets (5+ years)
  • $51,796Average Assets, year-to-date
  • $25,292Average Assets, quarterly
  • $63,166Volatile liabilities
  • $63,674Insider loans
  • $32,168FHLB advances
  • $62,688Loans and leases held for sale
  • $324Unused loan commitments
  • $324Tier 1 (core) risk-based capital
  • $6,614Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,085Restructured Loans and leases
  • $3Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,261Total interest income
  • $602Total interest expense
  • $1,659Net interest income
  • $100Provision for loan and lease losses
  • $175Total noninterest income
  • $0Fiduciary activities
  • $132Service charges on deposit accounts
  • $0Trading account gains & fees
  • $43Additional noninterest income
  • $2,176Total noninterest expense
  • $731Salaries and employee benefits
  • $378Premises and equipment expense
  • $1,067Additional noninterest expense
  • -$442Pre-tax net operating income
  • $212Securities gains (losses)
  • $0Applicable income taxes
  • -$230Income before extraordinary items
  • $0Extraordinary gains - net
  • -$230Net income attributable to bank
  • $0Net charge-offs
  • -$230Cash dividends
  • $113Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.34%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 3.19%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 4.18%Noninterest expense to earning assets
  • -0.70%Net operating income to assets
  • -0.36%Return on assets (ROA)
  • -0.36%Pretax return on assets
  • -3.73%Return on equity (ROE)
  • -3.73%Retained earnings to average equity (YTD only)
  • 0.57%Net charge-offs to loans
  • 88.50%Credit loss provision to net charge-offs
  • -3.03%Efficiency ratio
  • 113,959Assets per employee
  • 3.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.91%Loss allowance to noncurrent loans
  • 42.78%Noncurrent assets plus other real estate owned to assets
  • 2.68%Noncurrent loans to loans
  • 4.46%Net loans and leases to deposits
  • 35.89%Net loans and leases to core deposits
  • 37.04%Equity capital to assets
  • 11.97%Core capital (leverage) ratio
  • 10.55%Tier 1 risk-based capital ratio
  • 20.56%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $63,166Average earning assets
  • $6,165Average equity
  • $52,082Average loans

List of branches

  • 3 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011886Sandhills Bank1020 Highway 17 North, North Myrtle Beach, SC 29582January 02, 1959Full Service Brick and Mortar
    1219260Mcbee Branch37 West Pine Avenue, Mcbee, SC 29101March 16, 1966Full Service Brick and Mortar
    2357094Bethune Branch300 King Street East, Bethune, SC 29009January 31, 2000Full Service Brick and Mortar

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