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Palmetto State Bank

Hampton, SC · Cert 17563 · Palmetto State Bankshares Inc.

State charter, non-member · FDIC · 8 branches

Q2 2026

$597.5MAssets
$233.6MLoans
$493.7MDeposits
$82.8MEquity
Loan mix
81%RE $184.6M15%C&I $33.9M4%Consumer $9.6MQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $364.9M26%Noninterest $128.8MQ2 2025Q2 2026

NIM

3.63%Q2 ’243.77%Q2 ’253.97%Q2 ’26+6%+6%

Non-interest income vs. expense

2.25%Q2 ’242.24%Q2 ’252.19%Q2 ’26+5%-8%

Market Position · Hilton Head Island-Bluffton-Port Royal, SC · 2026 SOD (annual) · 2.3% share · #11 of 21 inst. · $0.2B of $7.0B

60.6% Hampton
2.4% Beaufort
100.0% Allendale

Executive Summary

  • Earnings: ROA of 1.15%, up 21 bps year over year; NIM at 3.09%.
  • Asset quality: problem loans at 0.12% of loans (-9 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 14.85%, up 61 bps from a year ago.
  • Funding: loans stand at 47.32% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.15%+21 bps YoY

Net Interest Margin (quarter, annualized)

3.09%+18 bps YoY

Efficiency Ratio (quarter, annualized)

60.69%-670 bps YoY

Tier 1 Leverage Ratio

14.85%+61 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.94%2.00%-2.22%0.77%1.15%+21 bps
Return on Equity7.40%14.77%-16.55%5.93%8.54%+114 bps
Net Interest Margin2.90%2.95%3.03%2.95%3.09%+18 bps
Efficiency Ratio67.39%49.08%192.97%71.52%60.69%-670 bps
Non-Interest Burden1.82%0.44%6.32%1.97%1.66%-15 bps
Growth
Asset Growth (YoY)1.22%0.40%3.26%-2.37%-1.08%-230 bps
Loan Growth (YoY)0.02%6.64%5.75%12.54%12.00%+1,198 bps
Deposit Growth (YoY)1.57%0.25%4.01%-2.22%-1.39%-296 bps
Asset Quality
Nonperforming Loans / Loans0.20%0.25%0.12%0.12%0.12%-9 bps
Net Charge-Offs / Loans-0.02%-0.14%0.15%-0.03%-0.02%0 bps
Allowance / Loans1.87%1.79%1.69%1.69%1.68%-19 bps
Allowance Coverage of NPLs9.2x7.2x13.8x14.3x14.5x+5.3x
Capital
Tier 1 Leverage Ratio14.24%15.02%14.51%14.26%14.85%+61 bps
Total Risk-Based Capital14.24%15.02%14.51%14.26%14.85%+61 bps
Equity / Assets13.06%13.99%12.88%13.08%13.85%+79 bps
Liquidity & Funding
Loans / Deposits41.67%45.45%44.35%45.02%47.32%+566 bps
Liquid Assets / Assets48.98%46.51%47.16%46.12%45.09%-389 bps
CRE / Total Capitaln/a103.28%119.25%117.99%n/an/a