Legal name: SOUTH ATLANTIC BANCSHARES, INC.
1 active bank · $1.9B combined assets
RSSD ID: 3637238 (FFIEC NIC)
Combined Assets
$1.9B
CRA Rating Summary
Across all 6 exams on record for this banking group's charters, 100% resulted in Outstanding or Satisfactory.
At a Glance
Dominant CRA Rating
Satisfactory
1 of 1 bank · Meets expectations for community lending
Combined Assets
$1.9B
1 active bank
Aggregated from the most recent call report filings for all active charters.
Total Deposits
$1.6B
Net Income
$5M
ROA (avg)
1.05%
asset-weighted avg
Aggregated HMDA data across all active charters for 2024.
Applications
280
Origination Rate
80.36%
Denial Rate
4.29%
Each charter is examined independently for CRA compliance.
| Charter | Location | Regulator | Assets | Ownership | Current Rating | Exam Date |
|---|---|---|---|---|---|---|
| SOUTH ATLANTIC BANK | MYRTLE BEACH, SC | FDIC | $1.9B | 100.0% | Satisfactory | Dec 2024 |
CRA (Community Reinvestment Act) exams are conducted per charter, not per banking group. Asset figures are from the most recent FDIC call report.