Myrtle Beach, SC · Cert 58689 · South Atlantic Bancshares Inc.
State charter, non-member · FDIC · 12 branches
Q2 2026
Market Position · Myrtle Beach-Conway-North Myrtle Beach, SC · 2026 SOD (annual) · 6.2% share · #9 of 21 inst. · $0.7B of $12.1B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 0.89% | 1.04% | 0.93% | 1.05% | 1.09% | +20 bps | |
| Return on Equity | 11.41% | 12.86% | 11.19% | 12.29% | 12.64% | +123 bps | |
| Net Interest Margin | 2.94% | 3.15% | 3.23% | 3.06% | 3.21% | +27 bps | |
| Efficiency Ratio | 62.87% | 61.04% | 57.47% | 59.99% | 58.40% | -446 bps | |
| Non-Interest Burden | 1.70% | 1.77% | 1.70% | 1.69% | 1.72% | +2 bps | |
| Growth | |||||||
| Asset Growth (YoY) | 7.06% | 5.11% | 7.42% | 3.43% | 6.03% | -103 bps | |
| Loan Growth (YoY) | 17.47% | 11.06% | 9.99% | 7.24% | 7.58% | -989 bps | |
| Deposit Growth (YoY) | 14.19% | 7.77% | 6.23% | 1.51% | 3.70% | -1,049 bps | |
| Asset Quality | |||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | +1 bps | |
| Net Charge-Offs / Loans | 0.01% | 0.00% | -0.01% | 0.00% | 0.00% | -1 bps | |
| Allowance / Loans | 0.89% | 0.92% | 0.93% | 0.95% | 0.95% | +6 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | 111.5x | n/a | |
| Capital | |||||||
| Tier 1 Leverage Ratio | 8.74% | 8.86% | 9.19% | 9.27% | 9.42% | +68 bps | |
| Total Risk-Based Capital | 11.74% | 12.23% | 12.15% | 12.32% | 12.21% | +47 bps | |
| Equity / Assets | 7.92% | 8.25% | 8.41% | 8.61% | 8.64% | +72 bps | |
| Liquidity & Funding | |||||||
| Loans / Deposits | 88.64% | 89.56% | 94.47% | 92.64% | 91.95% | +332 bps | |
| Liquid Assets / Assets | 7.43% | 8.65% | 7.59% | 7.62% | 6.92% | -50 bps | |
| CRE / Total Capital | n/a | 480% | 488% | 483% | n/a | n/a | |