South Atlantic Bank
Myrtle Beach, SC
IDRSSD: 3637247
Total Assets
$1.92B
Latest filing
Total Deposits
$1.56B
Latest filing
Net Interest Margin
3.38%
Profitability
Routing numbers
Primary routing transit numbers associated with this institution.
1 routeView all→
053208260MYRTLE BEACH, SC
Key People
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Locations
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Main Office
South Atlantic Bank
630 29th Ave N
Myrtle Beach, SC 29577
Full Service - Brick and Mortar
Updated 01/30/2026Established 11/28/2007FDIC Certificate 463026
Branches (11)
Page 1 of 2| Name | Address | City / State |
|---|---|---|
| South Atlantic Bank (Main) | 630 29th Ave N | Myrtle Beach, SC |
| BLUFFTON BRANCH | 1 Sheridan Park Cir | Bluffton, SC |
| MURRELLS INLET BRANCH | 11019 Tournament Blvd | Murrells Inlet, SC |
| PAWLEYS ISLAND OFFICE | 10970 Ocean Hwy | Pawleys Island, SC |
| GEORGETOWN BRANCH | 1187 N Fraser St | Georgetown, SC |
| NORTH MYRTLE BEACH BRANCH | 1801 Highway 17 S | North Myrtle Beach, SC |
| CALHOUN BRANCH | 40 Calhoun St | Charleston, SC |
| MT. PLEASANT BRANCH | 930 Johnnie Dodds Blvd | Mount Pleasant, SC |
Showing 7 of 11
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 11/28/2007 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 29577 |
| State and County Number | 45051 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 05 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Atlanta |
| Core Based Statistical Area Name | Myrtle Beach-Conway-North Myrtle Beach, SC-NC |
Operational Info
| Number of Employees | 168 |
| Domestic Offices | 12 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 11/28/2007 |
| Primary Insurance Agency | DIF |
| Website | SouthAtlantic.bank |
| Data Updated | 01/30/2026 |
| CERT | 58689 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $1.92B |
| Total Deposits | $1.56B |
| Total Liabilities | $1.76B |
| Total Equity Capital | $161.17M |
| Net Income | $4.43M |
| Net Loans and Leases | $1.46B |
| Assets Per Employee ($Millions) | $11.27M |
| Bank Premises and Fixed Assets | $37.29M |
| Cash and Balances due from Depository Institutions | $68.20M |
| Deposits Held in Domestic Offices | $1.56B |
Key Performance Ratios
| Return on Assets (ROA) | 0.93% |
| Return on Equity (ROE) | 11.19% |
| Net Interest Margin | 3.38% |
| Efficiency Ratio | 57.47% |
| Tier 1 Risk-Based Capital Ratio | 11.209% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.13% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 8.409% |
| Earning Assets to total Assets | 93.64% |
Income and Expense
| Total Interest Income | $24.37M |
| Total Noninterest Income | $1.62M |
| Total Interest Expense | $9.32M |
| Total Noninterest Expense | $9.58M |
| Net Interest Income | $15.04M |
| Pre-tax Net Operating Income | $6.49M |
| Provision for Credit Losses | $600.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $180.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $779.00k |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $18.36M |
| Total Liabilities and Capital | $1.92B |
Securities
| Securities | $284.52M |
| Available-for-sale debt securities | $191.14M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $93.38M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of South Atlantic Bank?
$1.92B as of the latest filing.
How much are South Atlantic Bank's total deposits?
$1.56B in total deposits.
Where is South Atlantic Bank located?
Myrtle Beach, SC.
What is the Net Interest Margin?
3.38%.
How many domestic offices does it operate?
12.
When was it established?
11/28/2007.
What is the Return on Assets (ROA)?
0.93%.
How much are total loans and leases?
$1.46B (latest filing).
What is the total interest income (latest filing)?
$24.37M.