Palmetto State Bank
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Data as of · sourced from FFIEC call reports. How we update
Palmetto State Bank is an FDIC-insured commercial bank headquartered in Hampton, SC, established in 1907 (FDIC certificate 17563), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $597.5M, down 1.1% from Q2 2025, the 20th largest of 43 banks headquartered in South Carolina. It reports no CET1 ratio; its Tier 1 leverage ratio was 14.85% 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
- 17563
- Headquarters
- Hampton, SC
- Established
- 1907
- Total assets, Q2 2026
- $597.5M
- Assets vs Q2 2025
- -1.1%
- Tier 1 leverage ratio, Q2 2026
- 14.85%
- Domestic offices
- 8 FDIC institution directory, current count
- Routing number
- 053202596
- Latest call report
- Q2 2026, FFIEC 051 · Palmetto State Bank call report
- Holding company
- PALMETTO STATE BANKSHARES, INC.
- Asset rank in state
- 20th of 43 in South Carolina
Palmetto State Bank, based in Hampton, South Carolina, reported $597 million in assets at June 30, 2026, down 1.1% from a year earlier. It pays an average of 1.04% on its deposits and borrowings, lower than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 1.80%). It also funds 14.85% of its assets with Tier 1 capital, higher than about three-quarters of banks its size (median 10.99%).
Loans and deposits moved in opposite directions: over the year loans rose 12.0% and deposits fell 1.4%. Paper losses on its bond portfolio are shrinking: unrealized losses of $40 million equal 44% of Tier 1 capital, down from 63% a year earlier. Its margin is thin by comparison: it keeps 3.41 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
As of June 30, 2026, Palmetto State Bank reported a return on assets of 1.13%, a nonperforming-loan ratio of 0.12% and a Texas ratio of 0.31%. The figures come from its call report filed with the FFIEC.
Of the 43 banks headquartered in South Carolina, Palmetto State Bank is the 20th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 3.5% to $597.5M, loans rose 0.8% and deposits fell 4.2%. 1-4 family residential loans made up 30.5% of its total loans on June 30, 2026, its largest category; next came construction and land development loans at 15.6%. The FDIC Summary of Deposits lists 8 offices for it, in 7 cities in SC; its Hampton office books 34% of its branch deposits. On its Q2 2026 call report, Palmetto State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 601 1st St W, Hampton, SC 29924
- County
- Hampton
- 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
- Limited trust powers granted
- Call Report form
- FFIEC 051
- Established
- January 1, 1907
- Domestic offices
- 8 FDIC institution directory, current count
- Employees (FTE)
- 81
- Domestic deposits
- $493.7M
- Allowance for credit losses
- $3.9M
- Net charge-offs (YTD)
- -$31K
- Average total assets
- $617.0M
- Average total loans
- $231.5M
- Average interest-bearing deposits
- $371.6M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- December 28, 1955
- FDIC Cert
- 17563
- Fed RSSD
- 277820
- SEC CIK
- 1879196 → filed by PALMETTO STATE BANKSHARES, INC.
- Parent Holding Company
- PALMETTO STATE BANKSHARES, INC. (RSSD 1076329)
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, Palmetto State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Palmetto State Bank's total assets ranged from $596.7M (Q2 2024) to $634.1M (Q1 2025), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$597.5M total assets against $604.0M; $514.7M total liabilities against $525.1M.
$229.7M net loans and leases against $204.7M; $493.7M total deposits against $500.6M.
$298.9M securities against $316.2M; $47.4M cash and balances due against $62.1M.
$6.1M total interest income against $5.9M; $1.4M total interest expense against $1.4M.
$4.8M net interest income against $4.5M.
$815K total noninterest income against $662K; $3.4M total noninterest expense against $3.5M.
No provision recorded in the last 12 quarters.
$1.7M net income against $1.4M.
1.13% return on assets against 0.93%; 3.41% net interest margin against 3.23%.
14.85% tier 1 leverage ratio against 14.24%.
Inside the full Palmetto State 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.
Held-to-maturity securities carry unrealized losses equal to more than a quarter of book equity. Because HTM is held at amortized cost, these losses are not reflected in reported capital, the dynamic that masked Silicon Valley Bank's insolvency before its March 2023 failure. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
Palmetto State Bank rankings
Its closest position to the top of a national ranking is 1,550 of 4,196, for total assets; its furthest is 3,082 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -2.22% (Q4 2025) to 1.96% (Q3 2025) and its net interest margin ran from 2.93% (Q3 2024) to 3.41% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.85% | 1.13% | 0.12% | 0.31% | 3.41% |
| Q1 2026 | 14.26% | 0.76% | 0.12% | 0.32% | 3.26% |
| Q4 2025 | 14.51% | -2.22% | 0.12% | 0.33% | 3.34% |
| Q3 2025 | 15.02% | 1.96% | 0.25% | 0.67% | 3.28% |
| Q2 2025 | 14.24% | 0.93% | 0.20% | 0.55% | 3.23% |
| Q1 2025 | 13.79% | 0.62% | 0.23% | 0.61% | 3.09% |
| Q4 2024 | 14.03% | 1.05% | 0.18% | 0.54% | 3.13% |
| Q3 2024 | 14.64% | 0.76% | 0.38% | 1.00% | 2.93% |
Swipe the table sideways to see every column.
Branch Network
View all 8 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 |
|---|---|---|---|
| Palmetto State Bank (main office) | Hampton , SC | 29924 | $166.3M |
| Bluffton Branch | Bluffton , SC | 29910 | $77.8M |
| Allendale Branch | Allendale , SC | 29810 | $73.2M |
| Estill Branch | Estill , SC | 29918 | $51.3M |
| Lady's Island Branch | Lady'S Island , SC | 29907 | $47.6M |
| Fairfax Branch | Fairfax , SC | 29827 | $43.9M |
| Burton Branch | Beaufort , SC | 29902 | $33.5M |
| Drive-In Branch | Allendale , SC | 29810 | $0 |
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 26, 2014 | Structure Change | Acquired Allendale County Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| April 25, 2014 | Merger | Participated in FDIC Assisted Merger | FDIC |
| February 17, 2007 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 17, 2007 | Structure Change | Acquired The Exchange Bank 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 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.4% of deposits in SC, rank 37 of 73 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 70 applications, 56 loans originated, $23.2M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $1.0M approved, $1.0M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2011 (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 Palmetto State Bank
What are Palmetto State Bank's total assets?
As of the Q2 2026 filing, Palmetto State Bank reported total assets of $597.5 million in its FFIEC call report.
Where is Palmetto State Bank headquartered?
It is headquartered in Hampton, SC, United States.
When was Palmetto State Bank founded?
It was established in 1907, per the FDIC institution directory.
Is Palmetto State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #17563). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Palmetto State Bank?
Palmetto State Bank's primary federal regulator is the FDIC.
How many branches does Palmetto State Bank operate?
It operates 8 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Palmetto State Bank's Texas Ratio?
Its Texas Ratio is 0.31% 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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