FDIC Certificate #: 58864 Status: Active Federal Reserve ID: 3821822 Bank Holding Company (Regulatory Top Holder): Coastal Carolina Bancshares, Inc. (RSSDID: 3823817, Location: Myrtle Beach, SC) Date Established: June 08, 2009 WWW:http://www.myccnb.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 471490 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: June 08, 2009 Last Structure Change Effective Date: October 26, 2009 Last Structure Change Process Date: October 27, 2009 Last Data Update: October 27, 2009 Data Source Date: April 05, 2012
Location
Address: 2305 North Oak Street, Myrtle Beach, SC 29577 County: Horry Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Columbia Sc Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Myrtle Beach, SC (#5330) Combined Statistical Area (CSA): Myrtle Beach-Conway-Georgetown, SC (#396) Core Based Statistical Area (CBSA): Myrtle Beach-North Myrtle Beach-Conway, SC (#34820) CBSA Metro Statistical Area: Myrtle Beach-North Myrtle Beach-Conway, SC (#34820)
History of Changes
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $93.6 mil Equity capital: $13.3 mil Deposits held in domestic offices: $79.8 mil Return on assets (ROA): -1.48% (-$1.4 mil) Quarterly return on assets: -0.26% (-$0.2 mil) Return on Equity (ROE): -9.14% (-$1.2 mil) Quarterly return on equity: -1.76% (-$0.2 mil) Net income: -$1.2 mil Quarterly Net income: -$0.1 mil Pretax return on assets: -1.48% (-$1,385.2 mil) Quarterly Pretax return on assets: -0.26% (-$243.4 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
22Total employees (full-time equivalent)
$93,597Total assets
$9,672Cash and due from depository institutions
$8,648Interest-bearing balances
$29,507Securities
$825Federal funds sold & reverse repurchase agreements
$52,304Net loans & leases
$1,092Loan loss allowance
$0Trading account assets
$159Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$93,597Life insurance assets
$1,130All other assets
$80,321Total liabilities and capital
$79,810Total liabilities
$74,958Total deposits
$79,810Interest-bearing deposits
$86Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$511Subordinated debt
$13,276All other liabilities
$13,276Total equity capital
$13,276Total bank equity capital
$0Perpetual preferred stock
$9,970Common stock
$10,247Surplus
$-6,941Undivided profits
Memoranda
$0Noncurrent loans and leases
$889Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$699Income earned, not collected on loans
$0Earning assets
$306Long-term assets (5+ years)
$91,284Average Assets, year-to-date
$46,884Average Assets, quarterly
$82,984Volatile liabilities
$92,470Insider loans
$53,316FHLB advances
$92,919Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$13,135Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$10,063Restructured Loans and leases
$983Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,191Total interest income
$833Total interest expense
$2,358Net interest income
$659Provision for loan and lease losses
$103Total noninterest income
$0Fiduciary activities
$47Service charges on deposit accounts
$0Trading account gains & fees
$56Additional noninterest income
$3,367Total noninterest expense
$2,062Salaries and employee benefits
$358Premises and equipment expense
$947Additional noninterest expense
-$1,565Pre-tax net operating income
$340Securities gains (losses)
$0Applicable income taxes
-$1,225Income before extraordinary items
$0Extraordinary gains - net
-$1,225Net income attributable to bank
$0Net charge-offs
-$1,225Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.97%Yield on earning assets
1.04%Cost of funding earning assets
2.93%Net interest margin
0.13%Noninterest income to earning assets
4.18%Noninterest expense to earning assets
-1.89%Net operating income to assets
-1.48%Return on assets (ROA)
-1.48%Pretax return on assets
-9.14%Return on equity (ROE)
-9.14%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
136,814Assets per employee
4.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.05%Loss allowance to noncurrent loans
156.22%Noncurrent assets plus other real estate owned to assets
0.75%Noncurrent loans to loans
1.31%Net loans and leases to deposits
65.54%Net loans and leases to core deposits
73.85%Equity capital to assets
14.18%Core capital (leverage) ratio
14.14%Tier 1 risk-based capital ratio
24.64%Total risk-based capital ratio
Memoranda
$26Average assets
$82,984Average earning assets
$13,403Average equity
$80,464Average loans
List of branches
1 South Carolina Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
471490
Coastal Carolina National Bank
2305 North Oak Street, Myrtle Beach, SC 29577
June 08, 2009
Full Service Brick and Mortar
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