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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 $9.6MQ3 2024Q2 2026
Deposit mix
74%Interest-bearing $364.9M26%Noninterest $128.8MQ3 2024Q2 2026

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 0.96%, up 17 bps year over year; NIM at 3.05%.
  • Asset quality: problem loans at 0.12% of loans (-9 bps YoY), with net recoveries of 0.03%.
  • 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.

Return on Assets (YTD, annualized)

0.96%+17 bps YoY

Net Interest Margin (YTD, annualized)

3.05%+19 bps YoY

Efficiency Ratio (YTD, annualized)

66.03%-607 bps YoY

Tier 1 Leverage Ratio

14.85%+61 bps YoY

NIM

3.57%Q2 ’243.75%Q2 ’253.94%Q2 ’26+7%+7%

Non-interest income vs. expense

2.30%Q2 ’242.39%Q2 ’252.35%Q2 ’26+10%-5%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.78%0.85%0.63%0.79%1.19%0.33%0.77%0.96%+17 bps
Return on Equity6.28%6.89%5.16%6.31%9.21%2.58%5.93%7.23%+93 bps
Net Interest Margin2.69%2.68%2.77%2.86%2.93%2.96%2.95%3.05%+19 bps
Efficiency Ratio71.89%69.84%76.84%72.10%62.39%92.68%71.52%66.03%-607 bps
Non-Interest Burden1.78%1.72%2.02%1.94%1.46%2.68%1.97%1.84%-10 bps
Growth
Asset Growth (YoY)-0.85%-1.17%2.86%1.22%0.40%3.26%-2.37%-1.08%-230 bps
Loan Growth (YoY)0.16%3.38%0.78%0.02%6.64%5.75%12.54%12.00%+1,198 bps
Deposit Growth (YoY)-2.92%-2.03%1.89%1.57%0.25%4.01%-2.22%-1.39%-296 bps
Asset Quality
Nonperforming Loans / Loans0.38%0.18%0.23%0.20%0.25%0.12%0.12%0.12%-9 bps
Net Charge-Offs / Loans-0.09%-0.08%0.17%0.08%0.00%0.04%-0.03%-0.03%-10 bps
Allowance / Loans1.91%1.85%1.89%1.87%1.79%1.69%1.69%1.68%-19 bps
Allowance Coverage of NPLs5.0x10.2x8.3x9.2x7.2x13.8x14.3x14.5x+5.3x
Capital
Tier 1 Leverage Ratio14.64%14.03%13.79%14.24%15.02%14.51%14.26%14.85%+61 bps
Total Risk-Based Capital29.18%14.03%13.79%14.24%15.02%14.51%14.26%14.85%+61 bps
Equity / Assets13.22%12.32%12.25%13.06%13.99%12.88%13.08%13.85%+79 bps
Liquidity & Funding
Loans / Deposits42.73%43.63%39.11%41.67%45.45%44.35%45.02%47.32%+566 bps
Liquid Assets / Assets42.18%41.31%38.87%48.98%46.51%47.16%46.12%45.09%-389 bps
CRE / Total Capitaln/an/an/an/a103.28%119.25%117.99%n/an/a