Coastal Carolina National Bank Mortgage Rates, Fees & Info

Myrtle Beach, SC

LEI: 54930004SDYVHYN4M716

Tax ID: 80-0291968

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Coastal Carolina National Bank is a smaller bank specializing in Home Purchase loans. Coastal Carolina National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Myrtle Beach, Augusta, Columbia, Georgetown, and Charleston among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Coastal Carolina National Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Coastal Carolina National Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.49% 4/14/24
    30 Year Conventional Refi 6.24% 4/14/24
    30 Year Cash-out Refi 6.62% 4/14/24
    30 Year VA Refi 6.27% 4/14/24
    15 Year Conventional Purchase 6.69% 4/14/24
    15 Year Conventional Refi 6.24% 4/14/24
    15 Year Cash-out Refi 6.24% 4/14/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Coastal Carolina National Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Coastal Carolina National Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    269

    Origination Dollar Volume (All Markets)

    $65,515,000

    Employee count

    76

    Awards

    Coastal Carolina National Bank 30 Year Conventional Loans silver
    Show all (1) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 175 $37,405,000 $213,743 $3,242 4.91%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 51 $14,345,000 $281,275 $2,859 4.74%
    COLUMBIA, SC (FHA|USDA|VA) 20 $4,170,000 $208,500 $2,374 5.31%
    Georgetown, SC (FHA|USDA|VA) 8 $2,570,000 $321,250 $4,039 4.89%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $2,325,000 $775,000 $4,459 4.96%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $1,905,000 $1,905,000 $0 4.85%
    Outside of Metro Areas 3 $1,125,000 $375,000 $3,695 4.71%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $920,000 $230,000 $1,572 5.03%
    NEW BERN, NC (FHA|USDA|VA) 1 $345,000 $345,000 $2,824 4.75%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $255,000 $255,000 $2,879 4.88%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.75%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.95%
    Coastal Carolina National Bank's top markets include Myrtle Beach, Augusta, Columbia, Georgetown, and Charleston among others.

    Their top states include:
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Coastal Carolina National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The Citizens Bank
    Similarity Rank: 44
    GREENVILLE FEDERAL CREDIT UNION
    Similarity Rank: 285
    SOUTH CAROLINA FEDERAL CREDIT UNION
    Similarity Rank: 294
    AUGUSTA MORTGAGE CO.
    Similarity Rank: 476
    COASTAL Federal Credit Union
    Similarity Rank: 672
    BLMC, INC
    Similarity Rank: 755
    First Piedmont Federal Savings and Loan Association of Gaffney
    Similarity Rank: 780
    FIRST CHOICE MORTGAGE, INC.
    Similarity Rank: 792
    CPM Federal Credit Union
    Similarity Rank: 882
    Entegra Bank
    Similarity Rank: 1036

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 269 $65,515,000 $243,550 $3,168 4.91%

    For 2018, Coastal Carolina National Bank's most frequently originated type of loan was Conventional, with 269 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 227 $52,295,000 $230,374 $3,231 4.94%
    Refi 41 $12,955,000 $315,976 $2,870 4.75%
    Cash Out Refi 1 $265,000 $265,000 $3,722 5.25%

    For 2018, Coastal Carolina National Bank's most frequently cited loan purpose was Home Purchase, with 227 originations. The 2nd most popular reason was Refi, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 164 $44,770,000 $272,988 $3,104 4.69%
    15 Year 46 $7,700,000 $167,391 $3,127 5.01%
    Other 40 $9,850,000 $246,250 $4,432 5.59%
    10 Year 10 $1,970,000 $197,000 $3,025 5.33%
    20 Year 9 $1,225,000 $136,111 $3,019 4.93%

    For 2018, Coastal Carolina National Bank's most frequently cited loan duration was 30 Year, with 164 originations. The 2nd most popular length was 15 Year, with 46 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 164 $40,280,000 $245,610
    $1k-2k 33 $5,425,000 $164,394
    $2k-3k 11 $2,115,000 $192,273
    $3k-4k 5 $1,285,000 $257,000
    $4k-5k 2 $700,000 $350,000
    $5k+ 1 $455,000 $455,000

    Coastal Carolina National Bank's average total fees were $3,104, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 164 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 169 $46,085,000 $272,692
    5-6% 64 $12,620,000 $197,188
    3-4% 17 $4,715,000 $277,353
    6-7% 17 $1,855,000 $109,118
    7-8% 2 $240,000 $120,000

    During 2018, Coastal Carolina National Bank's average interest rate for loans was 4.69%, while their most frequently originated rate bucket for loans was 4-5%, with 169 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 92 $13,120,000 $142,609 $2,876 4.93%
    $200k-400k 87 $24,705,000 $283,966 $3,576 4.74%
    $100,000 or less 49 $3,775,000 $77,041 $2,567 5.35%
    $400k-600k 34 $15,540,000 $457,059 $3,596 4.73%
    $600k-1MM 4 $2,830,000 $707,500 $4,189 4.53%
    $1MM+ 3 $5,545,000 $1,848,333 $6,576 4.83%

    2018 saw Coastal Carolina National Bank place emphasis on $100k-200k loans with 92 originations, totaling $13,120,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 65 $16,765,000 $257,923 $3,283 5.04%
    $100k-150k 61 $13,215,000 $216,639 $3,129 4.85%
    $75k-100k 38 $7,890,000 $207,632 $3,405 4.59%
    $250k+ 36 $14,900,000 $413,889 $3,779 4.88%
    $50k-75k 25 $3,765,000 $150,600 $2,543 4.69%
    $50k or less 18 $1,930,000 $107,222 $2,452 4.61%

    Coastal Carolina National Bank lent most frequently to those with incomes in the $150k-250k range, with 65 originations. The second most popular income band? $100k-150k, with 61 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 54 $11,140,000 $206,296 $2,838 4.83%
    30-36% 47 $10,585,000 $225,213 $2,961 4.77%
    <20% 28 $6,650,000 $237,500 $3,188 4.76%
    42% 17 $3,925,000 $230,882 $3,777 4.98%
    37% 15 $3,515,000 $234,333 $2,969 4.96%
    40% 14 $2,500,000 $178,571 $3,022 4.88%
    36% 11 $2,445,000 $222,273 $3,280 4.74%
    43% 11 $2,995,000 $272,273 $3,048 5.01%
    39% 8 $1,530,000 $191,250 $2,745 4.58%
    38% 7 $3,845,000 $549,286 $3,254 5.23%
    41% 7 $1,485,000 $212,143 $4,081 4.86%
    >60% 4 $610,000 $152,500 $2,345 5.00%
    44% 4 $1,250,000 $312,500 $4,773 4.47%
    47% 3 $945,000 $315,000 $2,984 5.04%
    49% 3 $995,000 $331,667 $3,062 4.67%
    45% 3 $915,000 $305,000 $6,711 4.46%
    46% 2 $520,000 $260,000 $2,558 4.69%
    50-60% 2 $1,000,000 $500,000 $4,051 4.63%
    48% 1 $205,000 $205,000 $2,311 4.13%

    Coastal Carolina National Bank lent most frequently to those with DTI ratios of 20-30%, with 54 originations. The next most common DTI ratio? 30-36%, with 47 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 229 $56,235,000 $245,568 $3,138 4.83%
    Not applicable 23 $6,005,000 $261,087 $0 5.77%
    Not provided 13 $2,135,000 $164,231 $3,358 4.89%
    Black 2 $730,000 $365,000 $4,338 4.88%
    Asian 2 $410,000 $205,000 $3,371 5.06%

    Approval Rates

    Total approvals of all applications
    88.22%

    Coastal Carolina National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.99%

    Coastal Carolina National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 269 $65,515,000 $243,550

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $555,000 $555,000
    Single Family (1-4 Units):Manufactured 5 $575,000 $115,000
    Single Family (1-4 Units):Site-Built 263 $64,385,000 $244,810

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $1,630,000 $163,000 $2,712 4.30%
    40-60% 35 $7,595,000 $217,000 $2,990 4.77%
    60-80% 151 $31,285,000 $207,185 $3,288 4.97%
    80-100% 60 $20,670,000 $344,500 $3,060 4.77%
    Under 20% 2 $2,010,000 $1,005,000 $2,962 4.55%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CASTLE ROCK Conventional home mortgage Struggling to pay mortgage 2 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Coastal Carolina National Bank 1012 38th Ave N Myrtle Beach, SC 29577 Full Service B&M $101,063
    Coastal Carolina National Bank 1100 Hwy 17 North North Myrtle Beach, SC 29582 Full Service B&M $44,495
    Coastal Carolina National Bank 1106 3rd Ave Conway, SC 29526 Full Service B&M $26,589
    Coastal Carolina National Bank 1219 Assembly St Columbia, SC 29201 Full Service B&M $21,715
    Coastal Carolina National Bank 128 Laurens Street, Nw Aiken, SC 29801 Full Service B&M $44,039
    Coastal Carolina National Bank 2961 South Highway 17 Murrells Inlet, SC 29576 Full Service B&M $60,918
    Coastal Carolina National Bank 416 East North Street Greenville, SC 29601 Full Service B&M $6,523

    For 2018, Coastal Carolina National Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,637
    Net interest income $12,651
    Total noninterest income $1,419
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $125
    Trading account gains and fees $0
    Additional Noninterest Income $1,294
    Pre-tax net operating income $2,783
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,205
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,205
    Minority interest net income $0
    Net income $2,205
    Sale, conversion, retirement of capital stock, net $9
    Net operating income $2,205

    Coastal Carolina National Bank's gross interest income from loans was $15,637,000.
    Coastal Carolina National Bank's net interest income from loans was $12,651,000.
    Coastal Carolina National Bank's fee based income from loans was $125,000.
    Coastal Carolina National Bank's net income from loans was $2,205,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,986
    Provision for credit losses $462
    Total noninterest expense $10,825
    Salaries and employee benefits $6,588
    Premises and equipment expense $1,659
    Additional noninterest expense $2,578
    Applicable income taxes $578
    Net charge-offs $27
    Cash dividends $0

    Coastal Carolina National Bank's interest expense for loans was $2,986,000.
    Coastal Carolina National Bank's payroll and benefits expense were $6,588,000.
    Coastal Carolina National Bank's property, plant and equipment expenses $1,659,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 2.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $328,357
    Deposits held in domestic offices $328,357
    Deposits by Individuals, partnerships, and corporations $313,761
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,881
    Deposits by Commercial banks and other depository institutions in U.S. $1,715
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $73,415
    Demand deposits $44,083
    Nontransaction accounts $254,942
    Money market deposit accounts (MMDAs) $122,919
    Other savings deposits (excluding MMDAs) $6,501
    Total time deposits $125,522
    Total time and savings deposits $284,274
    Noninterest-bearing deposits $44,316
    Interest-bearing deposits $284,041
    Retail deposits $300,129
    IRAs and Keogh plan accounts $7,313
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $377,797
    Cash & Balances due from depository institutions $49,290
    Interest-bearing balances $45,019
    Total securities $21,198
    Federal funds sold & reverse repurchase $967
    Net loans and leases $286,874
    Loan and leases loss allowance $2,390
    Trading account assets $0
    Bank premises and fixed assets $8,236
    Other real estate owned $0
    Goodwill and other intangibles $3,517
    All other assets $7,715

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $377,797
    Total Liabilities $335,391
    Total deposits $328,357
    Interest-bearing deposits $284,041
    Deposits held in domestic offices $328,357
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $6,000
    Subordinated debt $0
    All other liabilities $1,034

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $286,874
    Loan and leases loss allowance $2,390
    Total loans and leases (domestic) $289,264
    All real estate loans $248,473
    Real estate loans in domestic offices $248,473
    Construction and development loans $18,043
    Residential 1-4 family construction $5,686
    Other construction, all land development and other land $12,357
    Loans secured by nonfarm nonresidential properties $120,917
    Nonfarm nonresidential secured by owner-occupied properties $57,950
    Commercial real estate & other non-farm, non-residential $62,967
    Multifamily residential real estate $10,049
    1-4 family residential loans $96,371
    Farmland loans $3,093
    Loans held in foreign offices $0
    Farm loans $15
    Commercial and industrial loans $28,570
    To non-U.S. addressees $0
    Loans to individuals $12,325
    Credit card loans $0
    Related Plans $303
    Consumer Auto Loans $946
    Other loans to individuals $11,076
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,807
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,035
    Non 1-4 family restructured loans & leases $1,035
    Total loans and leases (foreign) $0

    Coastal Carolina National Bank had $286,874,000 of loans outstanding in 2018. $248,473,000 of loans were in real estate loans. $18,043,000 of loans were in development loans. $10,049,000 of loans were in multifamily mortgage loans. $96,371,000 of loans were in 1-4 family mortgage loans. $15,000 of loans were in farm loans. $0 of loans were in credit card loans. $946,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 183 $49,471 $270,333
    Nonfarm, nonresidential loans - <$100k 15 $577 $38,467
    Nonfarm, nonresidential loans - $100-250k 54 $6,615 $122,500
    Nonfarm, nonresidential loans - $250k-1MM 114 $42,279 $370,868
    Commercial & Industrial, US addressed loans - <$1MM 226 $21,455 $94,934
    Commercial & Industrial, US addressed loans - <$100k 140 $3,829 $27,350
    Commercial & Industrial, US addressed loans - $100-250k 45 $4,487 $99,711
    Commercial & Industrial, US addressed loans - $250k-1MM 41 $13,139 $320,463
    Farmland loans - <$1MM 9 $1,681 $186,778
    Farmland loans - <$100k 2 $94 $47,000
    Farmland loans - $100-250k 4 $350 $87,500
    Farmland loans - $250k-1MM 3 $1,237 $412,333
    Agriculture operations loans - <$1MM 1 $15 $15,000
    Agriculture operations loans - <$100k 1 $15 $15,000