# PALMETTO BANK
GREENVILLE, SC · FDIC certificate 8997 · asset band $1-10B · latest filing 2015-06 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 2 (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 | $1.17B | |
| Deposits | $978.0M | |
| Loans and leases | $827.2M | |
| Total equity | $136.5M | |
| Loans / deposits | 83.27% (p42 of band) | 86.37% |
| Liquid assets / assets | 23.30% (p49 of band) | |
| Uninsured deposits / deposits | 12.85% (p20 of band) | 24.34% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 3.86% (p26 of band) | |
| FHLB advances / assets | 2.58% | |
| Tier 1 leverage | 11.72% (p82 of band) | 9.78% |
| Unrealized securities loss / equity | -0.25% (p22 of band) | 0.50% |
| AOCI / equity | 0.45% (p95 of band) | |
| ROA (annualized) | 1.08% (p64 of band) | 0.95% |
| Net interest margin | 3.77% (p71 of band) | 3.47% |
| Efficiency ratio | 67.96% (p60 of band) | |
| Noncurrent loans | 1.60% (p84 of band) | 0.76% |
| Net charge-offs (annualized) | -0.07% (p6 of band) | |
| Reserve coverage of noncurrent | 96.40% | |
| Real estate % of loans | 79% | |
| Construction % of loans | 41.95% (p60 of band) | |
| Auto loans | $65.0M (7.86% of loans; DQ 0.48%, NCO 0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p37 of band) | |
| Deposits YoY | 5.3% | |
| Employees | 287 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | losing money, expense ratio p90, noncurrent p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 6 | charge-offs p90 |  |
| 2011-09 | 7 | capital falling |  |
| 2011-12 | 4 |  | noncurrent p90, construction >100% equity, capital falling |
| 2012-03 | 6 | deposits shrinking, assets shrinking, uninsured deposits leaving | expense ratio p90 |
| 2012-06 | 6 | expense ratio p90 | uninsured deposits leaving |
| 2012-09 | 6 |  |  |
| 2012-12 | 3 |  | reserve under noncurrent, deposits shrinking, assets shrinking |
| 2013-03 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving | losing money, charge-offs p90, expense ratio p90 |
| 2013-06 | 2 |  | uninsured deposits leaving |
| 2013-09 | 1 |  | assets shrinking |
| 2013-12 | 2 | uninsured deposits leaving |  |
| 2014-03 | 0 |  | deposits shrinking, uninsured deposits leaving |
| 2014-06 | 1 | reserve under noncurrent |  |
| 2014-09 | 0 |  | reserve under noncurrent |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 2 | capital falling, reserve under noncurrent |  |

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

- 2016-06-18 [PRESS RELEASE - SEC.gov](https://news.google.com/rss/articles/CBMiggFBVV95cUxOZjl0aXJSUXgyMWpsejkzSll2X2dHRTluVkoybW5jTGxKMTMzMzZsTjhLTVpBMG9jbmV2eGVNWDVSdGJDdWpMeUVSWHAtQTlwRm5yXy1OaUU0dXJDbmlZUE5CRmFDMXc3bkhnV1Q1ZGJzRXZaMU1oc0E5bHVpU0Y1aEdB?oc=5) · SEC.gov
- 2021-03-25 [First Palmetto Bank begins operations in Greenville, hires local market leaders - upstate business journal](https://news.google.com/rss/articles/CBMivwFBVV95cUxQLXV2V1lNVjUyQjdnZU1XUEZnVGp4NnNRRnpPM3Y5b0kyenRxOEpvb25ONy13X1U1U3A3RzFIcURZMlF5bWRXZG9UMnFTM0pPTXA5QnRieXNhWld1blhzdHRwMEpHZ1E3eS1MLURwaTNITmU2R1RiT2hFRmNGSklxeFhubEVVeC1xdUhOTnFRbUdzYjdGak55WGR0SzVlY1ZObkRjTjZZR1hxQ2pGdjE2M21BRGd2azhkck93dnNydw?oc=5) · upstate business journal
- 2015-04-22 [United Community Bank merging with S.C.’s Palmetto Bank - AJC.com](https://news.google.com/rss/articles/CBMiowFBVV95cUxOM2ZxZzZmZWM4VThwTGF2WnRBeEo0RU9TbldFa0lWbllyUV95U2N6TXQta0p3VTdUYmEwam5LVzJlRWc3aE45RjJESTRkd25EUFFHWTB4NEMxcnBWdlo1WnVydlZCT0RHY0MzRkNJVzRtdXZ3OHRNSHNNdVhyWWxDRGtNR0RGTHNqbFIwbW5jQnZpdTVwRlliQ1puaEU4WG9IWk9v?oc=5) · AJC.com
- 2023-08-03 [Former Palmetto State Bank CEO sentenced to seven years in connection with Murdaugh fraud - American Banker](https://news.google.com/rss/articles/CBMiuwFBVV95cUxOSkZ5NHpjUWhxU25xNC1peXB5dkJWU1RDdXdrNnREbnZHRV8tZko2MjVTODR6NHlkWVd1akZOdEVxVWRicV9NdWJxSWRtLWxjREhZRUVaQ1I4LUY5UEVDWWYtcTU5LUJWNWVxVVNubGZVNGUzZVMxc1RKOF9aMndiNHA1amcwSkRhQmFyR0VwbGh6NmdlekQ1a2w3TnhwaWRCQktsdEN0T3ZmeFpLQkxRT3VqeHBlWUYzZDJN?oc=5) · American Banker
- 2022-01-03 [Longtime timepiece removed from downtown Camden amid ongoing renovations - WLTX](https://news.google.com/rss/articles/CBMi-AFBVV95cUxONUpRVXFZRkc3alU4dGRKc1lhSElJeGFjQ2dJaWRZNjNBZDFaZjZ1OGROVkdWcTQzcWdTcDM3QjVhQk81M1RwSkpIcm5Rd0hVcG9RaV93YVlvMnhMQ0h4RWdaSEM1VDBtbEpRRUJVWGVvcWRuQkJZRzE5SGZsVl81ektla0MybFlCNXRSRkdqYUY1eWxpVDVmY1hRcnl3R05vOGJOcFFMRFlPQzBWdnd6cWtETVNaNGpHa0J1aTZuM3dJUXNiUGtKdF90MUR6bUZhamNVU0VJdWNoWUpzbmtmOUdoOGxNdk1rZGxSaDlORkZoWDJram43VQ?oc=5) · WLTX
- 2024-09-23 [First Palmetto acquires former TD Bank building | Camden - The Lancaster News](https://news.google.com/rss/articles/CBMihgFBVV95cUxPcFVIM0JKakN4a3dTS2luLVk4RzZlVlA0dHZTakZWX0Ewb0N4Qm1mN2FNQkNQXy00V1pXWDlybXNZQTVVY0diQl9PNDBqVnV5QVd3NTFvT2lFN0R0amVzeWpCREk3RmpsUmQ3RllGYURhclFTdklTMXBLcU1BWkdwSTJyMDhlZw?oc=5) · The Lancaster News
- 2023-03-09 [Russell Laffitte files second motion for new trial, cites Murdaugh's testimony - WCIV](https://news.google.com/rss/articles/CBMitAJBVV95cUxQUUJic1ZhczB3QVdMSzFyLWFGNkY4MTFzYXY4U3otN2NFMWk2aTJYZzktb0NhQmh0XzkwbWhLMlJRZUtyS2E4Q3hKM1VENTNyaU1adzhRQ0Q5NkZNZzdkcS1ySG5MQVhFcU94TjZZaEZEU3hYWW0zV19ZRjBDcWJLYkxrZUw1WUNFRU1YMXZ0WUtTOXJrc3BlN3gzZGc4ck9kM3phaVY5dTlQR2Z4T1NFSThpSkxUQWJCUVZVeEZZbVdfSHNUdHFGYVJVSGVqei1xbkVrUWtVSDkwS3N1T0pYaHFYek5CVUlKMmlPdXBsMlBqcFo2UUZfalhGMFNhZVdQM1hxdU16WlYxVnJ5M2pHckRka1ZqQTJSWEtxaVFXeUR1eEJiQ1hhUm56UTh4c01fRTEtSw?oc=5) · WCIV
- 2019-02-14 [RCSD: Suspect in custody after bank robbery at First Palmetto Bank - WIS News 10](https://news.google.com/rss/articles/CBMimAFBVV95cUxQbFFmS1VOcjN4eC0zWFRFcU9Mc0lmQm9WdDN6cGsxQU5OUGY2V2xQRHFBZ2ZWX29VVUc5aEcwMS1leDdjZWVWOGNYakJ3TWlDazE2NGlhekk5TDRXTmh0NnpNWTY3cFJUNXRLMTI5ZHRKcXdnOE94MlU5Yk8zd0RfOE9fQ2J5dEY2MDhkMDl1b0RLWXJOVlAxbNIBrAFBVV95cUxNRzBJeGFnX0FTOHVvOTN4Vm1SR1VGU1J6ZDJ5bmFTUlBMLWNVbFVtYmtkd0o0VklfWWNid0FWdTNQeHJRRl91aHphTzBzWEw4dnZmaWkwWUxmMU5iV3dIRzNjdEhBVjhWb3BUWUNBS3I2RHZWLWxIOGxQX2Z5dF9QWmpYR1dKaEJRSm5KdVBjLWhjaVRLczVWaE5jdXZuXzVtWXY0MnRSSWlrcng1?oc=5) · WIS News 10

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8997 (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/37.json (key "8997", 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.

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