The Bank of South Carolina
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Data as of · sourced from FFIEC call reports. How we update
The Bank of South Carolina is an FDIC-insured commercial bank headquartered in Charleston, SC, supervised by the FDIC, with $571.2M in total assets at Q2 2026, down 1.6% from Q2 2025, the 22nd largest of 43 banks headquartered in South Carolina. It was established in 1987 and holds FDIC certificate 26912. It reports no CET1 ratio; its Tier 1 leverage ratio was 11.76% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 26912
- Headquarters
- Charleston, SC
- Established
- 1987
- Total assets, Q2 2026
- $571.2M
- Assets vs Q2 2025
- -1.6%
- Tier 1 leverage ratio, Q2 2026
- 11.76%
- Domestic offices
- 6 · The Bank of South Carolina branches FDIC institution directory, current count
- Routing number
- 053201872
- Safety and soundness
- Is The Bank of South Carolina safe?
- Latest call report
- Q2 2026, FFIEC 041 · The Bank of South Carolina Q3 2026 call report, filed October 14, 2026 (preliminary)
- Holding company
- BANK OF SOUTH CAROLINA CORPORATION
- Asset rank in state
- 22nd of 43 in South Carolina
The Bank of South Carolina, based in Charleston, South Carolina, reported $571 million in assets at June 30, 2026, down 1.6% from a year earlier. It pays an average of 0.66% on its deposits and borrowings, about a third the median of 1.80% for the 2,627 banks with $100 million to $1 billion in assets. It also lost 2.3% of its deposits over the year, lower than about three-quarters of banks its size (median 4.1%).
Net income for the quarter rose 18% from a year earlier, to $2.4 million. Over the same year, loans grew 1.9% and deposits shrank 2.3%.
As of June 30, 2026, The Bank of South Carolina reported a return on assets of 1.71%, a nonperforming-loan ratio of 0.29% and a Texas ratio of 1.67%. The figures come from its call report filed with the FFIEC.
The Bank of South Carolina ranks as the 22nd largest of the 43 banks based in South Carolina, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 1.7% to $571.2M, loans rose 2.0% and deposits rose 1.8%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 46.6% of total loans, ahead of construction and land development loans at 14.4%. The FDIC Summary of Deposits lists 6 offices for it, in 4 cities in SC; its Charleston 3 offices book 61% of its branch deposits. On its Q2 2026 call report, The Bank of South Carolina meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 256 Meeting St, Charleston, SC 29401
- County
- Charleston
- Metro Area
- Charleston-North Charleston, SC
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- February 26, 1987
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 81
- Domestic deposits
- $497.3M
- Allowance for credit losses
- $4.5M
- Net charge-offs (YTD)
- $5K
- Average total assets
- $555.4M
- Average total loans
- $371.1M
- Average interest-bearing deposits
- $366.4M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- February 26, 1987
- FDIC Cert
- 26912
- Fed RSSD
- 246022
- SEC CIK
- 1007273 → filed by BANK OF SOUTH CAROLINA CORPORATION
- Website
- www.banksc.com →
- Parent Holding Company
- BANK OF SOUTH CAROLINA CORPORATION (RSSD 2297701)
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Hugh C Lane Jr | CHR | Chairman of the Board |
| Fleetwood S Hassell | PRES | President |
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, The Bank of South Carolina reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, The Bank of South Carolina's total assets ran between $556.8M (Q4 2024) and $633.4M (Q4 2023), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$571.2M total assets against $580.3M; $510.9M total liabilities against $524.2M.
$365.1M net loans and leases against $358.7M; $497.3M total deposits against $509.1M.
$122.4M securities against $141.9M; $62.7M cash and balances due against $57.4M.
$7.4M total interest income against $7.3M; $893K total interest expense against $1.3M.
$6.5M net interest income against $6.0M.
$602K total noninterest income against $428K; $3.9M total noninterest expense against $3.7M.
$150K provision for credit losses against $100K.
$2.4M net income against $2.0M.
1.71% return on assets against 1.43%; 4.76% net interest margin against 4.35%.
11.76% tier 1 leverage ratio against 11.27%.
Inside the full The Bank of South Carolina terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe Bank of South Carolina rankings
Its closest position to the top of a national ranking is 892 of 3,611, for ROA; its furthest is 2,401 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.31% (Q3 2024) to 1.71% (Q2 2026) and its net interest margin ran from 3.85% (Q3 2024) to 4.76% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.76% | 1.71% | 0.29% | 1.67% | 4.76% |
| Q1 2026 | 11.85% | 1.51% | 0.21% | 1.16% | 4.41% |
| Q4 2025 | 11.46% | 1.46% | 0.21% | 1.22% | 4.38% |
| Q3 2025 | 11.27% | 1.54% | 0.31% | 1.74% | 4.41% |
| Q2 2025 | 11.27% | 1.43% | 0.30% | 1.79% | 4.35% |
| Q1 2025 | 11.26% | 1.34% | 0.31% | 1.90% | 4.15% |
| Q4 2024 | 11.08% | 1.34% | 0.12% | 0.82% | 4.02% |
| Q3 2024 | 10.82% | 1.31% | 0.11% | 0.73% | 3.85% |
Swipe the table sideways to see every column.
Branch Network
View all 6 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| The Bank of South Carolina | Charleston , SC | 29401 | $201.7M |
| West Ashley Office Branch | Charleston , SC | 29407 | $83.9M |
| Mt Pleasant Branch | Mount Pleasant , SC | 29464 | $78.4M |
| Summerville Branch | Summerville , SC | 29483 | $70.8M |
| North Charleston Branch | Ladson , SC | 29456 | $47.1M |
| James Island Branch | Charleston , SC | 29412 | $15.3M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.4% of deposits in SC, rank 36 of 73 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 154 applications, 139 loans originated, $71.7M originated, across 11 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $83K approved, $83K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 1998 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about The Bank of South Carolina
What are The Bank of South Carolina's total assets?
As of the Q2 2026 filing, The Bank of South Carolina reported total assets of $571.2 million in its FFIEC call report.
Where is The Bank of South Carolina headquartered?
It is headquartered in Charleston, SC, United States.
When was The Bank of South Carolina founded?
It was established in 1987, per the FDIC institution directory.
Is The Bank of South Carolina FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #26912). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Bank of South Carolina?
The Bank of South Carolina's primary federal regulator is the FDIC.
How many branches does The Bank of South Carolina operate?
It operates 6 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The Bank of South Carolina's Texas Ratio?
Its Texas Ratio is 1.67% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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