# PALMETTO STATE BANK
HAMPTON, SC · FDIC certificate 17563 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 1 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $597.5M | |
| Deposits | $493.7M | |
| Loans and leases | $233.6M | |
| Total equity | $82.8M | |
| Loans / deposits | 46.53% (p5 of band) | 82.04% |
| Liquid assets / assets | 57.97% (p96 of band) | |
| Uninsured deposits / deposits | 27.42% (p57 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 2.73% (p46 of band) | |
| FHLB advances / assets | 1.42% | |
| Tier 1 leverage | 14.85% (p89 of band) | 10.81% |
| Unrealized securities loss / equity | -48.85% (p5 of band) | -8.10% |
| AOCI / equity | -0.59% (p37 of band) | |
| ROA (annualized) | 0.96% (p29 of band) | 1.28% |
| Net interest margin | 3.23% (p17 of band) | 3.91% |
| Efficiency ratio | 66.03% (p64 of band) | |
| Noncurrent loans | 0.12% (p25 of band) | 0.43% |
| Net charge-offs (annualized) | -0.01% (p9 of band) | |
| Reserve coverage of noncurrent | 1452.22% | |
| Real estate % of loans | 79% | |
| Construction % of loans | 44.04% (p51 of band) | |
| Auto loans | $1.6M (0.67% of loans; DQ 0.70%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -1.4% | |
| Employees | 81 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 0 |  | reserve under noncurrent |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2012-06 | 3 |  |  |
| 2012-09 | 2 |  | uninsured deposits leaving |
| 2012-12 | 2 | capital falling, uninsured deposits leaving | deposits shrinking, assets shrinking |
| 2013-03 | 0 |  | capital falling, uninsured deposits leaving |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 1 | reserve under noncurrent |  |
| 2014-03 | 1 | uninsured deposits leaving | reserve under noncurrent |
| 2014-06 | 1 |  |  |
| 2014-09 | 0 |  | uninsured deposits leaving |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 1 | uninsured deposits leaving |  |
| 2015-12 | 0 |  | uninsured deposits leaving |
| 2016-03 | 1 | capital falling |  |
| 2016-06 | 0 |  | capital falling |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | uninsured deposits leaving |  |
| 2017-12 | 0 |  | uninsured deposits leaving |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 2 | deposits shrinking, uninsured deposits leaving |  |
| 2019-09 | 0 |  | deposits shrinking, uninsured deposits leaving |
| 2019-12 | 1 | charge-offs p90 |  |
| 2020-03 | 0 |  | charge-offs p90 |
| 2020-06 | 1 | charge-offs p90 |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 0 |  | charge-offs p90 |
| 2021-03 | 1 | noncurrent p90 |  |
| 2021-06 | 1 | capital falling | noncurrent p90 |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 2 | expense ratio p90, charge-offs p90 |  |
| 2022-03 | 2 | capital falling, securities losses >30% of equity | expense ratio p90, charge-offs p90 |
| 2022-06 | 1 |  | capital falling |
| 2022-09 | 1 |  |  |
| 2022-12 | 3 | deposits shrinking, assets shrinking |  |
| 2023-03 | 4 | uninsured deposits leaving |  |
| 2023-06 | 4 |  |  |
| 2023-09 | 4 |  |  |
| 2023-12 | 4 |  |  |
| 2024-03 | 2 | capital falling | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2024-06 | 1 |  | capital falling |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 2 | capital falling |  |
| 2025-06 | 1 |  | capital falling |
| 2025-09 | 1 |  |  |
| 2025-12 | 2 | expense ratio p90 |  |
| 2026-03 | 2 | capital falling | expense ratio p90 |
| 2026-06 | 1 |  | capital falling |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-07-06 [Palmetto State Bank executive named SC’s Outstanding Young Banker - upstate business journal](https://news.google.com/rss/articles/CBMitAFBVV95cUxPbkRLRWtPZnNDYXNTZ1YwY2RTUXVTcnFjcXgzVjRqVHV5d3VZRTU3RndhT1ZacjUzZHhUNHRLbHBkb2VGaDZTeHNNS2NWY2JKYkJTbHYzUGdybEh4RUhOOHhlMTlmc1J1c054ZnpGOHNwUk9lLW16UHFNQndtWmVsZXV3SzZrVEl2eTUxSXJMQ0JLejZpZHpLejZNeEItREt6azRBb0JHcHJmNzRVaHRENHpuamQ?oc=5) · upstate business journal
- 2022-01-07 [Hampton bank CEO fired as investigators examine Alex Murdaugh’s financial misconduct - Hilton Head Island Packet](https://news.google.com/rss/articles/CBMidkFVX3lxTE9MNGFDaW9ZMWxINS16ZHJnUFUxa1FtZzNibjVwNU82UHdsT2w5WG9SamhaeElBdDFBSnJKMzM2eFpVSWVEc3JXN2tZVkNjbGRpbmpuM1U4dDBsZHhTWnJDdVZzWjJENTVBMy05Q01lNG9uUEUxdXfSAXZBVV95cUxPZ2ZRYnZ5eWc5SUpCUGlKVTVqbFNhd3YxdUtkazFVRXVEUENRSVBxMklxY3QzLUFtbFdZOVlmbXhqd3FaRzNKVkdyeklKa1oyU0U4alB5UVdNbGpXckFBSlVJd0NwZE10YWRTb21NdUJMNlg2emRB?oc=5) · Hilton Head Island Packet
- 2025-09-25 [Alleged Murdaugh conspirator Russell Laffitte pleads guilty to several charges - Live 5 News](https://news.google.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?oc=5) · Live 5 News
- 2025-10-13 [Ex-SC banker Russell Laffitte sentenced on state charges connected to Alex Murdaugh - southcarolinapublicradio.org](https://news.google.com/rss/articles/CBMi2wFBVV95cUxPbXVINXA1Sk9qRlc1MHRlTHd4Z1lOdmdyRlp6eUE3aUw4ajFpeGg4MmU3RlE3SDJkU043NjFoX00tRmN4Mkg0YTlKYVg0VExZMUhFcFpmN1RvSUxTLXFlOVdWMmlYWU5NRzdFWHZQdWNXelRVVmRBaHNJTXo5Mm5sc3pPMFRlTGdsYl9BZzRuY0gxTERod1ZISVljcGF1NjgwWlVTZWJjYWhEMVRlRVNvQmt2M1hKWF9XREFNdjlYWlZucVl5Rmx6LXJ1NXR0RTVpa25OZ3FIQlB1dG8?oc=5) · southcarolinapublicradio.org
- 2025-10-13 [Ex-banker Russell Laffitte sentenced to 13 years in Murdaugh-linked fraud case - wach.com](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNRnlySVRRMEc0V0tCbXhOay1pbG9YeGtwVkJKYU8tSlY1QVFVWFB5dzVuQm40M3ZIMmM2eDZHY0h1QnpnWm82WldzNUlzUW9nTXRUaFVmcEtUZDdoUjRNdTNKNGQ1OFBXYnk3VThOZHdMbktab3FNTld3WjQ0bDhRRUFvSmwtaC1tZkdNMF9zcy1vZ25adXlrMW14aUtpd2l6ajZuREpMMnMwQQ?oc=5) · wach.com
- 2022-04-29 [Palmetto State Bank's Murdaugh ties draw scrutiny from grand jury probes, regulators - Post and Courier](https://news.google.com/rss/articles/CBMijAJBVV95cUxOMVJXYVlYaXE2OGJyS1RaRWtjUEJxVEFlTWE4VURkQ0ZiWnBWX3lQckItSHZyYkRQeUlucDFYZm9wNDRpT0haRWtMVktrQ0dzRTMzZFBvaEFvVzJhb2hESkJ1Z2M1Nl9JZ3ZIOEw3Zy00eUpBYi1QSi1HYzhxV3J5U0ptTnU4dmMzOGREMHJaYUJMZUIxSE9fdkc2Z2ZjaVV2ay1ZaFVPSXZldURmMmxmU1RIWjQ5b05FWl90V2xkSkpqX2FxRVpoTjVGNHh3LUxGRHNpNjNHNjFKaUJkSDBHM3l6RjhfVzItVmoxUVpSQUZWTjZnQW5ndFJ6UGs4LXk3amFNWUU1OUNlVlFK?oc=5) · Post and Courier
- 2025-10-13 [Ex-banker Russell Laffitte sentenced to 13 years in Murdaugh-linked fraud case - WCIV](https://news.google.com/rss/articles/CBMitwFBVV95cUxNRW5rT0E2SDZIeGNuUFJ2YXkxR2lIYndNVXJtT1o2dXRvUFNoa2NHOU9MbEhHWUFXUUpwdml5NlRiTE1hWFY3VEhZTGFkbUZBMkZ3Tm5CMTc2S25rTHpQaEREd3lFcVI5MFhOeVFwRk45bjFzNlBYYXg2bGdlM3hmb2ZLakl1bUFya0hJR0s5dHlvVVFydXg2YjA1UzdSaTN4WnhDU21JMTJ3UFJRQThhc1BuNEFBTmM?oc=5) · WCIV
- 2025-10-14 [Alex Murdaugh accomplice Russell Laffitte silent as judge sentences him to 8 years - The State](https://news.google.com/rss/articles/CBMicEFVX3lxTE1qOG1IVENoUVI5Ujl3WTZsU2VsUE9kSGh3V3l0bldvLWRsd05Wa2M3Z1JteFRUWDNRRnZ0TXhYY1kzWTNYSXBBLUJHNnYzRF9qWkI3TjRDalF0bkNJNy0yb1dtME1UcGQtS1hpRDFlTFrSAXBBVV95cUxNY3hoVzJMVXItMnE0MWFCa2VTNGRsWlFVVTktUndDY28tWjB6bGk1RWdBc20yWWZ0QzJfZ09uV1Z3WVhydFJ1NW82bVNrMV9YSlJzbHlFU1AzOXVNWDM3OVoxVy1wRWxJZS1Kd0R0Z2lQ?oc=5) · The State

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=17563 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/27.json (key "17563", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide