PackageTrendsPeer
Letter portraitLegal landscape

Grandsouth Bank

Fountain Inn, SC · Cert 34812

FDIC · 8 branches

Q4 2022

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2022, the quarter ended December 31, 2022, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Grandsouth Bank

Fountain Inn, SC · Cert 34812

FDIC · 8 branches

Q4 2022

$1.2BAssets
$1.0BLoans
$1.1BDeposits
$132.2MEquity
Loan mix
68%RE $533.2M31%C&I $241.1M1%Consumer $7.0MQ4 2021Q4 2022
Deposit mix
69%Interest-bearing $727.3M31%Noninterest $326.7MQ4 2021Q4 2022

NIM

4.78%Q4 ’204.55%Q4 ’215.14%Q4 ’22+5%+11%

Non-interest income vs. expense

2.82%Q4 ’202.57%Q4 ’212.80%Q4 ’22-17%+19%

Market Position · Greenville-Anderson, SC · 2022 SOD (annual) · 3.4% share · #10 of 36 inst. · $0.8B of $25.2B

3.4% Greenville
6.1% Anderson
10.6% Orangeburg
0.4% Richland

Executive Summary

  • Earnings: ROA of 1.49%, down 3 bps year over year; NIM at 4.73%.
  • Asset quality: problem loans at 0.11% of loans (-10 bps YoY), with net charge-offs at 0.11%.
  • Capital: tier 1 leverage ratio of 11.54%, up 133 bps from a year ago.
  • Funding: loans stand at 96.78% of deposits as of Q4 2022.

Financial Results

Return on Assets (YTD, annualized)

1.49%-3 bps YoY

Net Interest Margin (YTD, annualized)

4.73%+46 bps YoY

Efficiency Ratio (YTD, annualized)

56.75%+152 bps YoY

Tier 1 Leverage Ratio

11.54%+133 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2021Q1 2022Q2 2022Q3 2022Q4 2022YoY ΔTrend
Earnings
Return on Assets1.51%1.45%1.38%1.43%1.49%-3 bps
Return on Equity15.07%14.28%13.63%14.18%14.45%-62 bps
Net Interest Margin4.27%4.44%4.36%4.47%4.73%+46 bps
Efficiency Ratio55.23%56.48%59.40%57.21%56.75%+152 bps
Non-Interest Burden2.19%2.42%2.51%2.47%2.59%+40 bps
Growth
Asset Growth (YoY)10.48%10.28%7.78%4.26%-0.61%-1,109 bps
Loan Growth (YoY)6.25%5.25%4.82%6.19%9.28%+302 bps
Deposit Growth (YoY)11.23%11.45%9.02%5.28%-1.19%-1,242 bps
Asset Quality
Nonperforming Loans / Loans0.21%0.09%0.04%0.07%0.11%-10 bps
Net Charge-Offs / Loans0.01%0.04%0.01%0.08%0.11%+10 bps
Allowance / Loans1.47%1.49%1.48%1.47%1.45%-2 bps
Allowance Coverage of NPLs6.9x15.7x38.4x20.1x13.1x+6.2x
Capital
Tier 1 Leverage Ratio10.21%10.52%10.53%10.79%11.54%+133 bps
Total Risk-Based Capital13.50%13.84%14.00%13.87%14.03%+53 bps
Equity / Assets10.41%9.96%9.99%10.08%11.05%+64 bps
Liquidity & Funding
Loans / Deposits87.51%83.88%85.25%89.14%96.78%+927 bps
Liquid Assets / Assets10.23%12.49%11.56%8.93%2.16%-806 bps
CRE / Total Capitaln/an/an/an/an/an/an/a