First Palmetto Bank
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Data as of · sourced from FFIEC call reports. How we update
First Palmetto Bank is an FDIC-insured commercial bank headquartered in Camden, SC, established in 1904 (FDIC certificate 28396), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.10B, up 7.3% from Q2 2025, the 14th largest of 43 banks headquartered in South Carolina. Its CET1 capital ratio was 13.63% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 28396
- Headquarters
- Camden, SC
- Established
- 1904
- Total assets, Q2 2026
- $1.10B
- Assets vs Q2 2025
- +7.3%
- CET1 ratio, Q2 2026
- 13.63%
- Domestic offices
- 22 FDIC institution directory, current count
- Routing number
- 253271916
- Holding company
- FIRST PALMETTO FINANCIAL CORPORATION
- Asset rank in state
- 14th of 43 in South Carolina
First Palmetto Bank, based in Camden, South Carolina, reported $1.1 billion in assets at June 30, 2026, up 7.3% from a year earlier. It carries problem assets equal to 1.0% of the capital and reserves that would absorb them, about a third the median of 3.6% for the 895 banks with $1 billion to $10 billion in assets. On the other hand, it funds 9.42% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.52%).
Net income for the quarter rose 21% from a year earlier, to $3.3 million.
As of June 30, 2026, First Palmetto Bank reported a CET1 capital ratio of 13.63%, a return on assets of 1.22%, a nonperforming-loan ratio of 0.15% and a Texas ratio of 1.03%. The figures come from its call report filed with the FFIEC.
Of the 43 banks headquartered in South Carolina, First Palmetto Bank is the 14th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 2.0% to $1.10B, loans rose 0.3% and deposits rose 2.2%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 38.7% of total loans, ahead of non-owner-occupied commercial real estate loans at 25.9%. The FDIC Summary of Deposits lists 22 offices for it, in 20 cities in SC; its Camden 2 offices book 19% of its branch deposits. By the capital ratios in its Q2 2026 call report, First Palmetto Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 315 E Dekalb St, Camden, SC 29020
- County
- Kershaw
- Metro Area
- Columbia, 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 051
- Established
- January 1, 1904
- Former names
- First Palmetto Savings Bank, F.S.B. (1990-2012)
- Domestic offices
- 22 FDIC institution directory, current count
- Employees (FTE)
- 177
- Domestic deposits
- $993.9M
- Allowance for credit losses
- $12.3M
- Net charge-offs (YTD)
- $111K
- Average total assets
- $1.08B
- Average total loans
- $795.6M
- Average interest-bearing deposits
- $777.6M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 28396
- Fed RSSD
- 586072
- Website
- www.firstpalmetto.com →
- Parent Holding Company
- FIRST PALMETTO FINANCIAL CORPORATION (RSSD 3834701)
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
First Palmetto Bank's total assets moved between a low of $907.0M (Q4 2023) and a high of $1.10B (Q2 2026) from Q3 2023 to Q2 2026, 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
$1.10B total assets against $1.03B; $999.6M total liabilities against $933.6M.
$784.4M net loans and leases against $751.0M; $993.9M total deposits against $928.7M.
$121.0M securities against $96.9M; $157.3M cash and balances due against $141.1M.
$14.1M total interest income against $12.7M; $4.6M total interest expense against $4.6M.
$9.5M net interest income against $8.1M.
$1.2M total noninterest income against $1.3M; $6.1M total noninterest expense against $5.9M.
$300K provision for credit losses against $0.
$3.3M net income against $2.7M.
1.22% return on assets against 1.08%; 3.65% net interest margin against 3.37%.
13.63% CET1 capital ratio against 12.88%; 9.42% tier 1 leverage ratio against 9.22%.
Inside the full First Palmetto Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
First Palmetto Bank rankings
Its closest position to the top of a national ranking is 950 of 4,196, for total assets; its furthest is 2,660 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.83% (Q3 2024) to 1.54% (Q1 2026) and its net interest margin ran from 3.01% (Q3 2024) to 3.65% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.63% | 1.22% | 0.15% | 1.03% | 3.65% |
| Q1 2026 | 13.34% | 1.54% | 0.15% | 1.04% | 3.55% |
| Q4 2025 | 13.00% | 1.11% | 0.17% | 1.26% | 3.54% |
| Q3 2025 | 13.09% | 1.15% | 0.08% | 0.64% | 3.51% |
| Q2 2025 | 12.88% | 1.08% | 0.09% | 0.73% | 3.37% |
| Q1 2025 | 13.11% | 0.92% | 0.14% | 0.99% | 3.15% |
| Q4 2024 | 13.09% | 0.89% | 0.11% | 0.78% | 3.07% |
| Q3 2024 | 13.48% | 0.83% | 0.15% | 1.02% | 3.01% |
Swipe the table sideways to see every column.
Branch Network
View all 22 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 |
|---|---|---|---|
| First Palmetto Bank (main office) | Camden , SC | 29020 | $185.4M |
| Lugoff Branch | Lugoff , SC | 29078 | $91.2M |
| Devine Street Branch | Columbia , SC | 29205 | $80.6M |
| Little River Branch | Little River , SC | 29566 | $62.8M |
| Lexington Branch | Lexington , SC | 29072 | $59.7M |
| Greenville E. Mcbee Avenue Branch | Greenville , SC | 29601 | $55.7M |
| 48th Avenue Branch | Myrtle Beach , SC | 29577 | $52.2M |
| 4311 Main Street Branch | Loris , SC | 29569 | $50.5M |
| Lancaster Branch | Lancaster , SC | 29720 | $47.1M |
| Pageland Branch | Pageland , SC | 29728 | $43.0M |
| Pontiac Branch | Elgin , SC | 29045 | $35.1M |
| Mount Pleasant Branch | Mount Pleasant , SC | 29464 | $32.2M |
| Kershaw Branch | Kershaw , SC | 29067 | $25.8M |
| Bethune Branch | Bethune , SC | 29009 | $23.8M |
| Irmo Branch | Irmo , SC | 29063 | $23.2M |
| Surfside Beach Branch | Surfside Beach , SC | 29575 | $21.3M |
| Darlington Branch | Darlington , SC | 29532 | $20.9M |
| Summerville Branch | Summerville , SC | 29483 | $20.4M |
| Manning Branch | Manning , SC | 29102 | $19.9M |
| Forest Drive Branch | Columbia , SC | 29204 | $19.4M |
| Bishopville Branch | Bishopville , SC | 29010 | $16.4M |
| Dusty Bend Branch | Camden , SC | 29020 | $7.3M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| April 6, 1992 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 6, 1992 | Structure Change | Acquired First Federal Savings and Loan Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 1, 1990 | Structure Change | Acquired First Federal Savings and Loan Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 31, 1990 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 30, 1980 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 28, 1980 | Structure Change | Acquired Patriot Federal Savings and Loan Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 6 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.7% of deposits in SC, rank 24 of 73 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 551 applications, 458 loans originated, $154.5M originated, across 8 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $600K approved, $300K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2000 (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 First Palmetto Bank
What are First Palmetto Bank's total assets?
As of the Q2 2026 filing, First Palmetto Bank reported total assets of $1.10 billion in its FFIEC call report.
Where is First Palmetto Bank headquartered?
It is headquartered in Camden, SC, United States.
When was First Palmetto Bank founded?
It was established in 1904, per the FDIC institution directory.
Is First Palmetto Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #28396). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Palmetto Bank?
First Palmetto Bank's primary federal regulator is the FDIC.
What is First Palmetto Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.63% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First Palmetto Bank operate?
It operates 22 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Palmetto Bank's Texas Ratio?
Its Texas Ratio is 1.03% 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.
What was First Palmetto Bank previously called?
The charter now named First Palmetto Bank has also operated as First Palmetto Savings Bank, F.S.B. (1990-2012), per FDIC structure-change records.
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