# SOUTH ATLANTIC BANK
MYRTLE BEACH, SC · FDIC certificate 58689 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. 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 | $1.98B | |
| Deposits | $1.68B | |
| Loans and leases | $1.54B | |
| Total equity | $171.0M | |
| Loans / deposits | 91.08% (p63 of band) | 87.10% |
| Liquid assets / assets | 17.46% (p35 of band) | |
| Uninsured deposits / deposits | 25.51% (p31 of band) | 30.76% |
| Brokered deposits | 2.56% | |
| Wholesale funding | 8.07% (p58 of band) | |
| FHLB advances / assets | 5.30% | |
| Tier 1 leverage | 9.42% (p21 of band) | 10.50% |
| Unrealized securities loss / equity | -22.28% (p17 of band) | -7.75% |
| AOCI / equity | -0.30% (p51 of band) | |
| ROA (annualized) | 1.07% (p35 of band) | 1.26% |
| Net interest margin | 3.30% (p26 of band) | 3.70% |
| Efficiency ratio | 59.17% (p51 of band) | |
| Noncurrent loans | 0.01% (p5 of band) | 0.51% |
| Net charge-offs (annualized) | 0.00% (p23 of band) | |
| Reserve coverage of noncurrent | 11152.67% | |
| Real estate % of loans | 94% | |
| Construction % of loans | 155.59% (p98 of band) | |
| Auto loans | $819,000 (0.05% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 3.7% | |
| Employees | 175 | |

## Flags firing in the latest filing

- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 1 | capital falling |  |
| 2011-12 | 0 |  | capital falling |
| 2012-03 | 0 |  |  |
| 2012-06 | 1 | reserve under noncurrent |  |
| 2012-09 | 1 | capital falling | reserve under noncurrent |
| 2012-12 | 0 |  | capital falling |
| 2013-03 | 0 |  |  |
| 2013-06 | 1 | capital falling |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 0 |  | capital falling |
| 2014-03 | 0 |  |  |
| 2014-06 | 1 | capital falling |  |
| 2014-09 | 0 |  | capital falling |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 2 | capital falling, construction >100% equity |  |
| 2015-09 | 2 |  |  |
| 2015-12 | 2 | uninsured deposits leaving | capital falling |
| 2016-03 | 1 |  | uninsured deposits leaving |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 2 | charge-offs p90 |  |
| 2017-09 | 1 |  | charge-offs p90 |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 2 | capital falling |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 1 |  | capital falling |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | capital falling |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 1 |  | capital falling |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 2 | capital falling |  |
| 2021-12 | 1 |  | capital falling |
| 2022-03 | 1 |  |  |
| 2022-06 | 3 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 2 |  | AOCI drag >20% of equity |
| 2023-06 | 2 |  |  |
| 2023-09 | 3 | capital falling |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 3 |  |  |
| 2024-06 | 3 |  |  |
| 2024-09 | 2 |  | securities losses >30% of equity |
| 2024-12 | 2 | securities losses >30% of equity | capital falling |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 1 |  | securities losses >30% of equity |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 |  |  |
| 2026-06 | 1 |  |  |

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

- 2026-01-22 [South Atlantic Bank opens new Carnes Crossroads branch in Summerville - Post and Courier](https://news.google.com/rss/articles/CBMi8wFBVV95cUxPa1ZfaGNGakVkLXROanJYMVlDSjRfRDNzNVJOLW93Tkh5dzl6WWlmRXVDSGpTNUtuRC03SkEzYWR2dGJBN3NhMUNndUtjUmJZdDhubGlzeWhBVDA0VEdYekJGMHpVd1dhdHBDVmN6TUlUcjJ4eExMYkxhT0pCUWt4dnBfSDFpenVteVBzZnFHdE52MHA1eVByaW9oNEZuVGdZaFJsc1hBNzZXSEVRLTFHOXRyUnlkOVk1OTRzbXRUck8yY2FHYnAtM1BJbnJ4Wm5SNVNUSFZrQ3owcVdaaENOcFlYMHNBZVFmR2pmZ2IwNDFVc2s?oc=5) · Post and Courier
- 2026-04-12 [South Atlantic Bank Invitational ends prematurely, coaches OK with it - MyHorryNews.com](https://news.google.com/rss/articles/CBMi6AFBVV95cUxONHliQTVlbmc1ZEI5SnBsVThwR1ZaZXI4ZExaXy1Na0ttY3N3Q1RFc0o0QV92NmhrTXF6SVBCUVpmak94U3pnTnp1Z1VJNzdvNmRkX0RWY0xXS0hOUFJBQkNLT3l5QlIxcElGZVNWVGwtcmlVSlRPRkNNeld6bmowMlFqRUg4WEdqSG1TekpfbjROOWRjdE9lSFQxVDExazl2QjVJT1BHR0dRdjZDcVJPUVVfSW5Eb1BUZVNURU4zX3I0QXhsTHBIeEF0VlhsNWc3UHNYZ05nQW91aU1mYmZ3VXVLWjgtWnJI?oc=5) · MyHorryNews.com
- 2026-02-06 [South Atlantic Bancshares, Inc. Declares Cash Dividend - Barchart.com](https://news.google.com/rss/articles/CBMinwFBVV95cUxOZm5rMTc1YUxEc3lpd0lpNTFyTVI1RU9UOVdxbWt2TGo4QUh1blZEaDFtVWpKQWs4UkJHbGlJN29ZQnBabGhHMTlTU1o1dUZYUEo5aWQ3dGZuRi1ROTdvVzFhZURadks3bU9Dc2EwdTB5Q203dWhNRDJzWWpGUnZTTE9HMXFuNGdqcXhsTzJsWU5WVWJYV2ltalNrZC1wUWs?oc=5) · Barchart.com
- 2024-01-18 [South Atlantic Bank Named One of "America's Best Regional Banks and Credit Unions 2024" by Newsweek - PR Newswire](https://news.google.com/rss/articles/CBMi5wFBVV95cUxQRWltcEpySXZWQ2JjaWtFam5jZ0lRYi1QZWRqdkRyTWx5bWtYa2FmbV9xWEZBRDJ4MEVCSXVTQS1GN01CcEh0MzNybk1jNlJxX1BPRHBZNnhGWk8wcV8yMDgtZzFCa0xWU2Jkbjlzb0wtSTl6MktVekVrOUE3SExwN251VG5uYmFmUnhaNGtiM2xrR3RQMGgxNWQ3OUhLRlBxZVJFQTQzNkhrRWZTbEVYMWNodUlOUWpwUGFrOFlPNWpQa3p6cEZEcnljZ08zNWs2S1E3SC03QUlWOHRsNW9zLWdld0hwZm8?oc=5) · PR Newswire
- 2026-04-06 [Where undefeated Andrews sits in latest WNC baseball Week 7 power rankings - The Asheville Citizen Times](https://news.google.com/rss/articles/CBMizgFBVV95cUxQVktOM1NvelVQNHJHYnh5OGU0dW5jRnM3SmM2VGFydWp6dFp0MG9hZjg5aTJnQUxDQ0dkQUhpVkRqSTczdEhBX3h5VjBoRFdfWjRxTVFjOWY5czd6VTZYak8yZEJJV0VHQ2VKV1pfRGhmU2poYS1RcXNodlYxVEY2cWVzdjJ6S194M3NPN2lvRnZHbnkzN1RFNVU4MnNSZkpqRGFBOEtyRWxMcEU3UDhrSXVvQVRNMnBUdWJ1X1k5dmdvbkQzU3AyTTVSTmZCZw?oc=5) · The Asheville Citizen Times
- 2026-01-26 [South Atlantic Bancshares, Inc. Names Jason Caskey to Board of Directors - Barchart.com](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQd3JLcVBmV3dVVTBPR05NdVo2ZHRVWG9XamdYbURIUC1xamR0QkhuQ21lTkZVMnBzWk1iZU9KbmNab3hqQzk4ekNZQ3NFY2d0RUxrUFFOMGZWWlVqdnhzVVlwRy16SVotT240Z09yRmpWaHJ5RGw3cnRiaXM2VDd0Wk1uNmJjSDJxOVhxaHhpcXNXNERnc2Z6RHp6a19DbmhFWHRlYlpUV01JaExQd1RmWUJTQUJFcFFISnc4?oc=5) · Barchart.com
- 2025-06-30 [Coastal Carolina Introduces South End Zone Field Seating Options For 2025 Football Season - Coastal Carolina University Athletics](https://news.google.com/rss/articles/CBMixwFBVV95cUxQbTlTNW52Unl2Nl82a2Eyc3hnUUtGSjlEOVpEYlZGby1pYTdTd3Z5bUxDUGl3Z0FiR0ZIZENiZkIyVW9WR1pMdzAxQlRjU1lyOWNoS2JFRTE1R3JSZllDbkY2UVBXWG9JR0EwZ3VndTBYVFZETHp1OWhFQjFzZUFJajBqbEpDT05FUkN0OG5qeElSUUVEZUpaOTRBU0kwVzBUclUzbjVCU0FEQlZlb2J5YzNCWGNRZTRYR0NvTlVDOW5ZTFNkR0pZ?oc=5) · Coastal Carolina University Athletics
- 2023-07-18 [Life-changing experience creates life-changing gift - Darla Moore School of Business - University of South Carolina](https://news.google.com/rss/articles/CBMipwFBVV95cUxNQXR6bW5BeVIzMk9PNmpnUnhiZ0JFVWFwRWVkUnlxWElIM0pGUnVPOV90S2tnMnJ2bzFoeUhFNmNlNTZTem1hbFR6MWlUc216Ujd6dkFVUWFlSFBTRndEdDhJcWlKX1JQOUltcDNkSi00QVZDcGhOZFhpNXpaZEF3UHpyQ18xTkhFR0c5WWNvbkFMbG54V3FKQmt3ei1kQ2s3cG1tWWlWWQ?oc=5) · University of South Carolina

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58689 (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/1.json (key "58689", 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