Horry County State Bank in Loris, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Horry County State Bank in Loris, South Carolina (SC)
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Horry County State Bank routing number info

Horry County State Bank - Overview

  • General
  • FDIC Certificate #: 27139
    Status: Active
    Federal Reserve ID: 1162530
    Bank Holding Company (Regulatory Top Holder): Hcsb Financial Corporation (RSSDID: 2805375, Location: Loris, SC)
    Date Established: January 04, 1988
    WWW: http://www.hcsbaccess.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: No)
    OTS Docket #: 12170
    FDIC's unique #: 38852
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 04, 1988
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 5009 Broad Street, Loris, SC 29569
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $537.9 mil
    Equity capital: $14.8 mil
    Deposits held in domestic offices: $491.4 mil
    Return on assets (ROA): -4.29% (-$23.1 mil)
    Quarterly return on assets: -2.06% (-$11.1 mil)
    Return on Equity (ROE): -105.57% (-$15.8 mil)
    Quarterly return on equity: -69.60% (-$10.4 mil)
    Net income: -$26.6 mil
    Quarterly Net income: -$2.8 mil
    Pretax return on assets: -3.51% (-$18,881.7 mil)
    Quarterly Pretax return on assets: -2.06% (-$11,081.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 121Total employees (full-time equivalent)
  • $537,941Total assets
  • $33,858Cash and due from depository institutions
  • $31,521Interest-bearing balances
  • $100,208Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $346,817Net loans & leases
  • $20,178Loan loss allowance
  • $0Trading account assets
  • $22,514Bank premises and fixed assets
  • $15,665Other real estate owned
  • $0Goodwill and other intangibles
  • $537,941Life insurance assets
  • $18,879All other assets
  • $523,092Total liabilities and capital
  • $491,351Total liabilities
  • $468,124Total deposits
  • $491,351Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 7492.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $22,000Trading liabilities
  • $0Other borrowed funds
  • $2,249Subordinated debt
  • $14,849All other liabilities
  • $14,849Total equity capital
  • $14,849Total bank equity capital
  • $0Perpetual preferred stock
  • $2,507Common stock
  • $40,295Surplus
  • $-27,953Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $15,632Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $44,758Income earned, not collected on loans
  • $0Earning assets
  • $2,775Long-term assets (5+ years)
  • $478,546Average Assets, year-to-date
  • $124,338Average Assets, quarterly
  • $620,153Volatile liabilities
  • $541,384Insider loans
  • $408,256FHLB advances
  • $537,925Loans and leases held for sale
  • $10,285Unused loan commitments
  • $10,285Tier 1 (core) risk-based capital
  • $16,620Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $28,799Restructured Loans and leases
  • $5,648Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $25,633Total interest income
  • $7,668Total interest expense
  • $17,965Net interest income
  • $24,271Provision for loan and lease losses
  • $972Total noninterest income
  • $0Fiduciary activities
  • $1,307Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$335Additional noninterest income
  • $19,386Total noninterest expense
  • $7,415Salaries and employee benefits
  • $2,098Premises and equipment expense
  • $9,873Additional noninterest expense
  • -$24,720Pre-tax net operating income
  • $2,952Securities gains (losses)
  • $4,851Applicable income taxes
  • -$26,619Income before extraordinary items
  • $0Extraordinary gains - net
  • -$26,619Net income attributable to bank
  • $0Net charge-offs
  • -$26,619Cash dividends
  • $18,582Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.64%Yield on earning assets
  • 1.39%Cost of funding earning assets
  • 3.25%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 3.51%Noninterest expense to earning assets
  • -4.77%Net operating income to assets
  • -4.29%Return on assets (ROA)
  • -3.51%Pretax return on assets
  • -105.57%Return on equity (ROE)
  • -105.57%Retained earnings to average equity (YTD only)
  • 4.55%Net charge-offs to loans
  • 130.62%Credit loss provision to net charge-offs
  • -0.02%Efficiency ratio
  • 102,371Assets per employee
  • 4.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.50%Loss allowance to noncurrent loans
  • 45.08%Noncurrent assets plus other real estate owned to assets
  • 11.23%Noncurrent loans to loans
  • 12.20%Net loans and leases to deposits
  • 70.58%Net loans and leases to core deposits
  • 86.23%Equity capital to assets
  • 2.76%Core capital (leverage) ratio
  • 3.09%Tier 1 risk-based capital ratio
  • 4.07%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $620,153Average earning assets
  • $25,215Average equity
  • $552,470Average loans

List of branches

  • 13 South Carolina Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    038852Horry County State Bank5009 Broad Street, Loris, SC 29569January 04, 1988Full Service Brick and Mortar
    1261184Mount Olive Branch5264 Highway 9, Green Sea, SC 29545March 02, 1995Full Service Brick and Mortar
    2261185Meeting Street Branch4011 Meeting Street, Loris, SC 29569June 09, 1997Full Service Brick and Mortar
    3261186Little River Branch3187 Highway 9 East, Little River, SC 29566October 06, 1997Full Service Brick and Mortar
    4261187Tabor City Branch3210 Highway 701 Byp, Loris, SC 29569October 06, 1997Full Service Brick and Mortar
    5261188Conway Branch1627 Church Street, Conway, SC 29526Febuary 17, 1998Full Service Brick and Mortar
    6359822Socastee Branch4600 Highway 17 Bypass South, Myrtle Beach, SC 29577Febuary 20, 2001Full Service Brick and Mortar
    7362201Homewood Branch3201 Highway 701 North, Conway, SC 29526August 21, 2000Full Service Brick and Mortar
    8364685Windy Hill Branch4400 Hwy 17 South, North Myrtle Beach, SC 29582May 24, 2002Full Service Brick and Mortar
    9419064Myrtle Beach Branch1701 Oak Street, Myrtle Beach, SC 29577August 05, 2002Full Service Brick and Mortar
    10453942Carolina Forest Branch273 Carolina Forest Boulevard, Myrtle Beach, SC 29579June 30, 2006Full Service Brick and Mortar
    12464967Ocean Drive Branch617 Hwy. 17 South, North Myrtle Beach, SC 29582June 11, 2007Full Service Brick and Mortar
    15480293Downtown Conway Office Branch1300 2nd Avenue, Conway, SC 29526June 30, 2008Full Service Brick and Mortar

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