South State Bank Mortgage Rates, Fees & Info

Columbia, SC

LEI: 549300K7EA6G6K9GYL80

Tax ID: 57-0219408

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Mortgage Data

Bank Data

Review & Overview

South State Bank is a small bank specializing in Home Purchase loans. South State Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Charleston, Charlotte, Greenville, Hilton Head Island, and Augusta among others. We have data for 108 markets. (Some data included below & more in-depth data is available with an active subscription.)

South State 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. South State Bank is typically an average 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.

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Originations

8,107

Origination Dollar Volume (All Markets)

$2,193,395,000

Employee count

2,546 Show all (30) 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
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1,109 $355,005,000 $320,113 $6,821 4.45%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1,252 $354,630,000 $283,251 $6,607 4.31%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1,050 $253,510,000 $241,438 $5,759 4.36%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 561 $216,555,000 $386,016 $6,763 4.29%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 752 $171,100,000 $227,527 $5,334 4.15%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 710 $139,520,000 $196,507 $5,224 4.41%
Outside of Metro Areas 412 $125,020,000 $303,447 $5,627 4.86%
WILMINGTON, NC (FHA|USDA|VA) 118 $95,810,000 $811,949 $6,210 4.31%
COLUMBIA, SC (FHA|USDA|VA) 393 $84,625,000 $215,331 $5,662 4.57%
SAVANNAH, GA (FHA|USDA|VA) 225 $74,095,000 $329,311 $7,469 4.25%
Seneca, SC (FHA|USDA|VA) 182 $48,110,000 $264,341 $6,282 4.20%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 66 $43,440,000 $658,182 $6,356 4.37%
Georgetown, SC (FHA|USDA|VA) 133 $26,535,000 $199,511 $5,736 4.70%
RICHMOND, VA (FHA|USDA|VA) 100 $21,640,000 $216,400 $6,441 4.43%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 12 $21,630,000 $1,802,500 $6,273 4.38%
SPARTANBURG, SC (FHA|USDA|VA) 87 $20,605,000 $236,839 $5,480 4.10%
RALEIGH-CARY, NC (FHA|USDA|VA) 82 $19,710,000 $240,366 $5,540 3.94%
FLORENCE, SC (FHA|USDA|VA) 155 $17,345,000 $111,903 $4,766 4.95%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 63 $14,805,000 $235,000 $5,487 4.17%
Orangeburg, SC (FHA|USDA|VA) 114 $13,960,000 $122,456 $3,911 4.69%
Cornelia, GA (FHA|USDA|VA) 74 $9,830,000 $132,838 $4,023 4.32%
Greenwood, SC (FHA|USDA|VA) 54 $7,330,000 $135,741 $4,480 4.97%
Jefferson, GA (FHA|USDA|VA) 35 $5,925,000 $169,286 $4,997 4.90%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 22 $5,360,000 $243,636 $6,468 4.39%
GAINESVILLE, GA (FHA|USDA|VA) 28 $4,370,000 $156,071 $5,125 4.17%
ASHEVILLE, NC (FHA|USDA|VA) 21 $3,815,000 $181,667 $5,096 4.49%
Toccoa, GA (FHA|USDA|VA) 24 $3,420,000 $142,500 $4,498 4.38%
SUMTER, SC (FHA|USDA|VA) 29 $2,815,000 $97,069 $3,825 5.55%
JACKSONVILLE, NC (FHA|USDA|VA) 11 $2,315,000 $210,455 $6,885 4.49%
Newberry, SC (FHA|USDA|VA) 15 $1,795,000 $119,667 $5,070 4.92%
Cullowhee, NC (FHA|USDA|VA) 4 $1,760,000 $440,000 $7,559 3.97%
Morehead City, NC (FHA|USDA|VA) 7 $1,685,000 $240,714 $8,506 5.55%
Brevard, NC (FHA|USDA|VA) 5 $1,565,000 $313,000 $4,714 3.80%
Forest City, NC (FHA|USDA|VA) 4 $1,460,000 $365,000 $5,393 3.94%
BRUNSWICK, GA (FHA|USDA|VA) 6 $1,420,000 $236,667 $4,811 4.78%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $1,400,000 $350,000 $6,762 3.90%
JACKSONVILLE, FL (FHA|USDA|VA) 16 $1,350,000 $84,375 $0 6.63%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 6 $1,020,000 $170,000 $3,211 3.89%
Boone, NC (FHA|USDA|VA) 5 $975,000 $195,000 $5,408 4.55%
Albemarle, NC (FHA|USDA|VA) 2 $870,000 $435,000 $6,992 4.69%
HINESVILLE, GA (FHA|USDA|VA) 5 $845,000 $169,000 $6,031 4.78%
WINSTON-SALEM, NC (FHA|USDA|VA) 5 $785,000 $157,000 $4,447 4.35%
Marion, NC (FHA|USDA|VA) 2 $740,000 $370,000 $7,626 4.94%
Union, SC (FHA|USDA|VA) 13 $695,000 $53,462 $2,720 5.71%
Gaffney, SC (FHA|USDA|VA) 4 $660,000 $165,000 $3,960 4.68%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 6 $550,000 $91,667 $0 6.70%
Statesboro, GA (FHA|USDA|VA) 4 $520,000 $130,000 $4,413 4.81%
GREENVILLE, NC (FHA|USDA|VA) 1 $505,000 $505,000 $8,366 3.75%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $505,000 $505,000 $0 5.50%
Lumberton, NC (FHA|USDA|VA) 5 $495,000 $99,000 $0 6.18%
FAYETTEVILLE, NC (FHA|USDA|VA) 4 $490,000 $122,500 $5,812 6.10%
VALDOSTA, GA (FHA|USDA|VA) 2 $450,000 $225,000 $5,742 3.63%
COLUMBUS, GA-AL (FHA|USDA|VA) 4 $450,000 $112,500 $2,492 6.18%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 3 $445,000 $148,333 $4,744 4.25%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 8 $440,000 $55,000 $0 7.16%
NEW BERN, NC (FHA|USDA|VA) 2 $400,000 $200,000 $6,131 6.25%
Henderson, NC (FHA|USDA|VA) 1 $335,000 $335,000 $4,353 4.50%
HATTIESBURG, MS (FHA|USDA|VA) 5 $245,000 $49,000 $0 7.22%
Roanoke Rapids, NC (FHA|USDA|VA) 1 $245,000 $245,000 $0 6.00%
ROANOKE, VA (FHA|USDA|VA) 1 $245,000 $245,000 $12,086 5.13%
Lake City, FL (FHA|USDA|VA) 2 $230,000 $115,000 $0 6.38%
Talladega-Sylacauga, AL (FHA|USDA|VA) 3 $215,000 $71,667 $0 7.12%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $205,000 $41,000 $0 6.70%
Bennettsville, SC (FHA|USDA|VA) 2 $190,000 $95,000 $0 8.12%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $190,000 $95,000 $3,499 3.69%
DECATUR, AL (FHA|USDA|VA) 4 $190,000 $47,500 $0 7.03%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $190,000 $95,000 $0 6.50%
Jesup, GA (FHA|USDA|VA) 3 $175,000 $58,333 $0 6.33%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $175,000 $58,333 $0 6.78%
Albertville, AL (FHA|USDA|VA) 2 $160,000 $80,000 $0 6.80%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.00%
MONTGOMERY, AL (FHA|USDA|VA) 3 $155,000 $51,667 $0 7.17%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.50%
MOBILE, AL (FHA|USDA|VA) 2 $140,000 $70,000 $0 8.55%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $120,000 $60,000 $0 7.25%
North Wilkesboro, NC (FHA|USDA|VA) 2 $120,000 $60,000 $0 6.88%
BURLINGTON, NC (FHA|USDA|VA) 1 $115,000 $115,000 $4,016 3.50%
GAINESVILLE, FL (FHA|USDA|VA) 3 $115,000 $38,333 $0 6.67%
Shelby, NC (FHA|USDA|VA) 3 $115,000 $38,333 $3,438 5.38%
GOLDSBORO, NC (FHA|USDA|VA) 2 $110,000 $55,000 $0 7.25%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 2 $110,000 $55,000 $0 6.25%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.99%
St. Marys, GA (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.00%
Waycross, GA (FHA|USDA|VA) 2 $100,000 $50,000 $0 6.88%
THE VILLAGES, FL (FHA|USDA|VA) 2 $100,000 $50,000 $0 6.18%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $100,000 $50,000 $0 6.68%
Thomaston, GA (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.50%
DOTHAN, AL (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.25%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.25%
Mount Airy, NC (FHA|USDA|VA) 1 $85,000 $85,000 $3,555 4.75%
Picayune, MS (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.25%
Fitzgerald, GA (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.00%
OCALA, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.50%
Wilson, NC (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.25%
Jasper, AL (FHA|USDA|VA) 2 $70,000 $35,000 $0 7.00%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $70,000 $35,000 $3,385 5.38%
Washington, NC (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.50%
Rockingham, NC (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.25%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.40%
Dublin, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.35%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.35%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $55,000 $55,000 $2,710 4.13%
Selma, AL (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.00%
Douglas, GA (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.45%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.00%
Scottsboro, AL (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.88%
Palatka, FL (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.13%
Laurel, MS (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.35%
South State Bank's top markets include Charleston, Charlotte, Greenville, Hilton Head Island, and Augusta among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,380 $1,802,530,000 $335,043 $6,082 4.32%
    HELOC 2,249 $281,155,000 $125,013 n/a 4.87%
    VA 247 $67,515,000 $273,340 $5,156 3.64%
    FHA 191 $35,795,000 $187,408 $4,660 3.80%
    USDA 40 $6,400,000 $160,000 $2,867 3.84%

    For 2019, South State Bank's most frequently originated type of loan was Conventional, with 5,380 originations. Their 2nd most popular type was HELOC, with 2,249 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4,376 $1,438,390,000 $328,700 $6,118 4.39%
    Refi 1,245 $352,435,000 $283,080 $5,843 4.33%
    Home Improvement 993 $120,145,000 $120,992 $6,762 4.70%
    Other 776 $98,960,000 $127,526 $4,391 4.89%
    Cash Out Refi 717 $183,465,000 $255,879 $5,350 4.06%

    For 2019, South State Bank's most frequently cited loan purpose was Home Purchase, with 4,376 originations. The 2nd most popular reason was Refi, with 1,245 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,683 $1,474,225,000 $314,804 $6,123 4.11%
    10 Year 2,024 $256,150,000 $126,556 $4,096 4.76%
    15 Year 529 $110,595,000 $209,064 $4,844 3.63%
    Other 512 $277,300,000 $541,602 $5,746 6.43%
    5 Year 140 $41,710,000 $297,929 $0 5.55%
    20 Year 107 $22,545,000 $210,701 $4,877 4.07%
    3 Year 95 $6,195,000 $65,211 $0 5.82%
    1 Year 17 $4,675,000 $275,000 $0 5.40%

    For 2019, South State Bank's most frequently cited loan duration was 30 Year, with 4,683 originations. The 2nd most popular length was 10 Year, with 2,024 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 1,381 $229,815,000 $166,412
    $5k+ 1,104 $691,160,000 $626,051
    $3k-4k 874 $222,740,000 $254,851
    $1k-2k 652 $94,510,000 $144,954
    $4k-5k 603 $202,975,000 $336,609
    $<1k 245 $58,955,000 $240,633

    South State Bank's average total fees were $6,123, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 1,381 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3,787 $1,145,805,000 $302,563
    4-5% 2,473 $850,905,000 $344,078
    5-6% 1,140 $132,720,000 $116,421
    6-7% 487 $37,915,000 $77,854
    7-8% 152 $10,900,000 $71,711
    2.5-3% 43 $13,595,000 $316,163
    Over 8% 23 $1,545,000 $67,174
    <2.5% 2 $10,000 $5,000

    During 2019, South State Bank's average interest rate for loans was 4.11%, while their most frequently originated rate bucket for loans was 3-4%, with 3,787 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 2,314 $335,370,000 $144,931 $4,151 4.30%
    $200k-400k 2,288 $634,780,000 $277,439 $5,866 4.11%
    $100,000 or less 2,162 $123,950,000 $57,331 $3,265 5.19%
    $400k-600k 831 $394,295,000 $474,483 $7,987 4.04%
    $600k-1MM 364 $271,450,000 $745,742 $11,083 3.99%
    $1MM+ 148 $433,550,000 $2,929,392 $17,361 3.92%

    2019 saw South State Bank place emphasis on $100k-200k loans with 2,314 originations, totaling $335,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,533 $227,395,000 $148,333 $4,596 4.56%
    $100k-150k 1,517 $344,355,000 $226,997 $5,910 4.37%
    $50k or less 1,304 $139,610,000 $107,063 $3,915 4.80%
    $150k-250k 1,273 $386,525,000 $303,633 $6,890 4.25%
    $75k-100k 1,140 $214,470,000 $188,132 $5,380 4.48%
    $250k+ 1,089 $571,955,000 $525,211 $9,794 4.10%

    South State Bank lent most frequently to those with incomes in the $50k-75k range, with 1,533 originations. The second most popular income band? $100k-150k, with 1,517 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,086 $484,520,000 $232,272 $5,989 4.44%
    30-36% 1,597 $390,735,000 $244,668 $5,972 4.47%
    <20% 996 $228,760,000 $229,679 $5,998 4.43%
    42% 464 $120,100,000 $258,836 $6,596 4.50%
    39% 359 $97,145,000 $270,599 $6,419 4.37%
    41% 351 $89,075,000 $253,775 $6,529 4.56%
    38% 344 $89,120,000 $259,070 $6,144 4.41%
    40% 319 $80,975,000 $253,840 $6,504 4.49%
    36% 281 $70,455,000 $250,730 $6,246 4.47%
    37% 275 $71,855,000 $261,291 $6,102 4.47%
    43% 140 $31,160,000 $222,571 $5,030 4.26%
    44% 122 $25,490,000 $208,934 $4,909 4.22%
    45% 119 $24,455,000 $205,504 $4,992 4.08%
    50-60% 98 $21,980,000 $224,286 $5,416 4.04%
    48% 92 $20,020,000 $217,609 $5,074 4.09%
    47% 83 $22,515,000 $271,265 $5,122 4.08%
    49% 83 $17,155,000 $206,687 $4,765 4.09%
    46% 82 $17,270,000 $210,610 $4,970 4.17%
    >60% 70 $12,470,000 $178,143 $9,830 5.21%

    South State Bank lent most frequently to those with DTI ratios of 20-30%, with 2,086 originations. The next most common DTI ratio? 30-36%, with 1,597 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,607 $1,569,755,000 $237,590 $5,982 4.44%
    Not applicable 106 $271,940,000 $2,565,472 $0 5.01%
    Not provided 917 $263,325,000 $287,159 $6,306 4.28%
    Black 338 $56,470,000 $167,071 $4,751 4.63%
    Asian 85 $19,205,000 $225,941 $5,701 4.29%
    American Indian 30 $4,380,000 $146,000 $4,198 4.83%
    Asian Indian 9 $3,665,000 $407,222 $7,573 4.31%
    Other Asian 9 $3,585,000 $398,333 $8,431 3.71%
    Chinese 2 $400,000 $200,000 $5,317 4.69%
    Other Pacific Islander 1 $275,000 $275,000 $6,839 3.50%
    Native Hawaiian or Islander 1 $185,000 $185,000 $3,625 3.13%
    Korean 1 $115,000 $115,000 $0 5.00%
    Vietnamese 1 $95,000 $95,000 $0 4.75%

    Approval Rates

    Total approvals of all applications
    80.08%

    South State Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    71.09%

    South State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    10.0 21 $1,395,000 $66,429
    102.65 1 $35,000 $35,000
    108.11 1 $35,000 $35,000
    110.0 1 $45,000 $45,000
    113.13 1 $45,000 $45,000
    115.26 1 $45,000 $45,000
    115.82 1 $45,000 $45,000
    117.99 1 $45,000 $45,000
    126.83 1 $45,000 $45,000
    128.79 1 $45,000 $45,000
    133.18 1 $45,000 $45,000
    133.89 1 $45,000 $45,000
    135.47 1 $55,000 $55,000
    140.31 1 $55,000 $55,000
    145.8 1 $55,000 $55,000
    152.14 1 $55,000 $55,000
    154.54 1 $55,000 $55,000
    155.15 1 $55,000 $55,000
    156.32 1 $55,000 $55,000
    157.92 1 $55,000 $55,000
    161.9 1 $65,000 $65,000
    162.36 1 $65,000 $65,000
    165.37 1 $65,000 $65,000
    170.01 1 $65,000 $65,000
    170.89 1 $65,000 $65,000
    175.62 1 $65,000 $65,000
    176.87 1 $65,000 $65,000
    178.14 1 $65,000 $65,000
    182.64 1 $65,000 $65,000
    188.59 1 $75,000 $75,000
    193.58 1 $75,000 $75,000
    197.91 1 $75,000 $75,000
    201.82 1 $75,000 $75,000
    202.01 1 $75,000 $75,000
    206.06 1 $75,000 $75,000
    218.15 1 $85,000 $85,000
    225.05 1 $85,000 $85,000
    226.78 1 $85,000 $85,000
    243.23 1 $95,000 $95,000
    263.95 1 $105,000 $105,000
    287.16 1 $115,000 $115,000
    320.66 1 $125,000 $125,000
    335.17 1 $135,000 $135,000
    367.64 1 $145,000 $145,000
    409.0 328 $23,050,000 $70,274
    70.85 1 $25,000 $25,000
    73.7 1 $25,000 $25,000
    79.75 1 $25,000 $25,000
    NA 7,712 $2,165,950,000 $280,855

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $480,000 $240,000
    Multifamily:Site-Built 21 $249,375,000 $11,875,000
    Single Family (1-4 Units):Manufactured 446 $32,030,000 $71,816
    Single Family (1-4 Units):Site-Built 7,638 $1,911,510,000 $250,263

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,074 $159,180,000 $148,212 $4,901 4.59%
    40-60% 931 $232,275,000 $249,490 $5,615 4.22%
    60-80% 2,086 $890,100,000 $426,702 $6,321 4.30%
    80-100% 2,928 $826,100,000 $282,138 $5,911 4.40%
    Over 100% 55 $14,355,000 $261,000 $7,974 3.80%
    Under 20% 1,030 $69,760,000 $67,728 $4,092 4.89%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    SOUTHSTATE BANK, N.A. - 520 GERVAIS STREET BRANCH Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    SOUTHSTATE BANK, N.A. - 520 GERVAIS STREET BRANCH Conventional home mortgage Trouble during payment process 1 25.0%
    SOUTHSTATE BANK, N.A. - 520 GERVAIS STREET BRANCH Home equity loan or line of credit (HELOC) Trouble during payment process 1 25.0%
    SOUTHSTATE BANK, N.A. - 520 GERVAIS STREET BRANCH Other type of mortgage Struggling to pay mortgage 1 25.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    South State Bank 20 South Main Street Hiawassee, GA 30546 Full Service B&M $102,907
    South State Bank 489 Highland Xing East Ellijay, GA 30540 Full Service B&M $50,122
    South State Bank 2770 Main Highway Bamberg, SC 29003 Full Service B&M $42,051
    South State Bank 1141 Broad Street Sumter, SC 29150 Full Service B&M $49,355
    South State Bank 2810 Buford Road North Chesterfield, VA 23235 Full Service B&M $20,173
    South State Bank #1 Five Forks Plaza Court Simpsonville, SC 29681 Full Service B&M $59,322
    South State Bank 100 Exchange Street Hilton Head Island, SC 29926 Full Service B&M $97,377
    South State Bank 1001 Pine Log Rd Aiken, SC 29803 Full Service B&M $82,105
    South State Bank 1006 E. Butler Road Greenville, SC 29607 Full Service B&M $113,051
    South State Bank 1025 Church Street Georgetown, SC 29440 Full Service B&M $73,643
    South State Bank 1032 Johnnie Dobbs Blvd Mount Pleasant, SC 29464 Full Service B&M $89,388
    South State Bank 282 Historical Highway 441 North Cornelia, GA 30531 Full Service B&M $84,471
    South State Bank 1043 E. Morehead Street, Suite 201 Charlotte, NC 28204 Full Service B&M $239,177
    South State Bank 1057 Providence Road Charlotte, NC 28207 Full Service B&M $66,017
    South State Bank 106 West Main Street Rockwell, NC 28138 Full Service B&M $41,139
    South State Bank 10671 S. Jacob Smart Boulevard Ridgeland, SC 29936 Full Service B&M $115,244
    South State Bank 108 Pamplico Highway Florence, SC 29505 Full Service B&M $54,834
    South State Bank 109 Montague Street Greenwood, SC 29649 Full Service B&M $75,975
    South State Bank 1100 Knox Abbott Drive Cayce, SC 29033 Full Service B&M $23,017
    South State Bank 11001 West Broad Street Glen Allen, VA 23060 Full Service B&M $79,004
    South State Bank 11039 Ocean Highway Pawleys Island, SC 29585 Full Service B&M $68,167
    South State Bank 1111 S. Big A Road Toccoa, GA 30577 Full Service Retail $43,832
    South State Bank 1117 Military Cutoff Road Wilmington, NC 28405 Full Service B&M $63,773
    South State Bank 1117 New Pointe Blvd Leland, NC 28451 Full Service B&M $29,894
    South State Bank 1121 Boundary Street Beaufort, SC 29901 Full Service B&M $56,462
    South State Bank 1127 Ebenezer Road Rock Hill, SC 29732 Full Service B&M $317,755
    South State Bank 1185 Folly Road Charleston, SC 29412 Full Service B&M $84,761
    South State Bank 1255 St. Matthews Road Orangeburg, SC 29118 Full Service B&M $230,313
    South State Bank 1309 Sam Rittenberg Boulevard Charleston, SC 29407 Full Service B&M $84,399
    South State Bank 1315 North Main Street Summerville, SC 29483 Full Service B&M $44,659
    South State Bank 1328 Fording Island Road Bluffton, SC 29910 Full Service B&M $67,906
    South State Bank 13731 Providence Road Weddington, NC 28104 Full Service B&M $27,064
    South State Bank 138 East Columbia Avenue Batesburg-Leesville, SC 29070 Full Service B&M $42,605
    South State Bank 13816 East Independence Blvd. Indian Trail, NC 28079 Full Service B&M $26,718
    South State Bank 14572 U.S. Highway 17 Hampstead, NC 28443 Full Service B&M $48,340
    South State Bank 149 Laurens Street, Nw Aiken, SC 29801 Full Service B&M $48,608
    South State Bank 1530 Walton Way Augusta, GA 30904 Full Service B&M $63,167
    South State Bank 1580 Koger Center Boulevard Richmond, VA 23235 Full Service B&M $42,725
    South State Bank 1670 Neal Hawkins Road Gastonia, NC 28056 Full Service B&M $28,007
    South State Bank 172 Ashley Avenue Charleston, SC 29403 Full Service B&M $25,446
    South State Bank 174 Hwy 441 North Clayton, GA 30525 Full Service B&M $40,266
    South State Bank 1776 Staples Mill Richmond, VA 23230 Full Service B&M $153,062
    South State Bank 1800 East Main Street Easley, SC 29640 Full Service B&M $121,824
    South State Bank 1851 North Elm Street Commerce, GA 30529 Full Service B&M $90,167
    South State Bank 18587 Heritage Way Denmark, SC 29042 Full Service B&M $47,663
    South State Bank 189 Sea Island Parkway Beaufort, SC 29907 Full Service B&M $84,871
    South State Bank 1899 Highway 17 North Mount Pleasant, SC 29464 Full Service B&M $86,110
    South State Bank 192 East Woodrow Avenue Belmont, NC 28012 Full Service B&M $33,043
    South State Bank 1925 Marietta Highway Canton, GA 30114 Full Service B&M $37,587
    South State Bank 1955 Magwood Road Charleston, SC 29414 Full Service B&M $85,006
    South State Bank 198 Jacobs Highway Clinton, SC 29325 Full Service B&M $29,998
    South State Bank 2 Palmetto Bay Road Hilton Head Island, SC 29928 Full Service B&M $95,857
    South State Bank 200 East Broad Street Greenville, SC 29601 Full Service B&M $243,196
    South State Bank 200 North Main Street Saluda, SC 29138 Full Service B&M $41,545
    South State Bank 2005c Oakheart Road Myrtle Beach, SC 29579 Full Service B&M $17,795
    South State Bank 201 Bypass 123 Seneca, SC 29678 Full Service B&M $57,385
    South State Bank 201 Columbiana Drive Columbia, SC 29212 Full Service B&M $45,189
    South State Bank 201 East Greenville Street Anderson, SC 29621 Full Service B&M $110,214
    South State Bank 2010 Clemson Road Columbia, SC 29229 Full Service B&M $23,018
    South State Bank 2021 Hoffmeyer Road Florence, SC 29501 Full Service B&M $94,618
    South State Bank 203 South Main Street Abbeville, SC 29620 Full Service B&M $50,207
    South State Bank 206 Hillcrest Drive Laurens, SC 29360 Full Service B&M $31,597
    South State Bank 209 North Elm Street Commerce, GA 30529 Limited, Drive-thru $0
    South State Bank 211 Highway 17 North Surfside Beach, SC 29575 Full Service B&M $63,361
    South State Bank 2123 Highway 81 N Anderson, SC 29621 Full Service B&M $25,502
    South State Bank 218 St. James Blvd. Goose Creek, SC 29445 Full Service B&M $56,939
    South State Bank 21979 Whyte Hardee Blvd Hardeeville, SC 29927 Full Service B&M $48,360
    South State Bank 220 Orvin Lance Connector Blue Ridge, GA 30513 Full Service B&M $43,261
    South State Bank 222 East Main Street Rock Hill, SC 29730 Full Service B&M $64,778
    South State Bank 2245 Gateway Access Drive, Suite 209 Raleigh, NC 27607 Full Service B&M $7,352
    South State Bank 233 South Main Street Mount Holly, NC 28120 Full Service B&M $29,229
    South State Bank 241 East Howell Street Hartwell, GA 30643 Full Service B&M $51,468
    South State Bank 2440 Mall Drive Charleston, SC 29406 Full Service B&M $0
    South State Bank 25 Bull Street Savannah, GA 31401 Full Service B&M $229,428
    South State Bank 265 South Irby Street Florence, SC 29501 Full Service B&M $140,623
    South State Bank 266 West Main Street Lake City, SC 29560 Full Service B&M $35,212
    South State Bank 2742 West Roosevelt Boulevard Monroe, NC 28112 Full Service B&M $31,932
    South State Bank 3000 Proprietors Place Mount Pleasant, SC 29464 Full Service Retail $19,297
    South State Bank 3025 St. Matthews Rd. Orangeburg, SC 29118 Limited, Drive-thru $0
    South State Bank 30983 Highway 441 South Commerce, GA 30529 Full Service Retail $17,557
    South State Bank 3111 Peach Orchard Road Augusta, GA 30906 Full Service B&M $113,629
    South State Bank 3135 Dallas High Shoals Road Dallas, NC 28034 Full Service B&M $26,996
    South State Bank 315 Folly Road Charleston, SC 29412 Full Service B&M $89,859
    South State Bank 317 Highway 52, North Moncks Corner, SC 29461 Full Service B&M $104,299
    South State Bank 32 Eighth Street Augusta, GA 30901 Full Service B&M $45,835
    South State Bank 32 William Pope Drive Okatie, SC 29909 Full Service B&M $50,974
    South State Bank 320 Main Street Spartanburg, SC 29302 Full Service B&M $47,524
    South State Bank 325 South Sharon Amity Road Charlotte, NC 28211 Full Service B&M $51,593
    South State Bank 336 Georgia Avenue, Ste 104 North Augusta, SC 29841 Full Service B&M $67,452
    South State Bank 3530 Wheeler Road Augusta, GA 30909 Full Service B&M $382,889
    South State Bank 3622 Pelham Road Greenville, SC 29615 Full Service B&M $71,631
    South State Bank 3628 Savannah Highway Johns Island, SC 29455 Full Service B&M $67,914
    South State Bank 3701 Shipyard Boulevard Wilmington, NC 28403 Full Service B&M $53,619
    South State Bank 3702 South College Road Wilmington, NC 28412 Full Service B&M $64,175
    South State Bank 4 Hood Road Greenville, SC 29611 Full Service B&M $57,191
    South State Bank 4 Mimosa Street Winder, GA 30680 Full Service B&M $43,099
    South State Bank 400 Mall Boulevard Savannah, GA 31406 Full Service B&M $108,684
    South State Bank 401 West Innes Street Salisbury, NC 28144 Full Service B&M $44,610
    South State Bank 409 Fury's Ferry Road Martinez, GA 30907 Full Service B&M $159,482
    South State Bank 409 South Washington Highway Ashland, VA 23005 Full Service B&M $35,080
    South State Bank 4109 Columbia Road Martinez, GA 30907 Full Service B&M $162,733
    South State Bank 412 South Highway 27 Stanley, NC 28164 Full Service B&M $23,478
    South State Bank 4132 Forest Drive Columbia, SC 29204 Full Service B&M $40,329
    South State Bank 4210 Highway 17 Bypass Murrells Inlet, SC 29576 Full Service B&M $91,594
    South State Bank 424 Hampton Avenue Pickens, SC 29671 Full Service B&M $55,847
    South State Bank 4331 Robert M Grissom Parkway Myrtle Beach, SC 29577 Full Service B&M $98,892
    South State Bank 4440 Washington Road Evans, GA 30809 Full Service B&M $36,419
    South State Bank 448 North Main Street Cornelia, GA 30531 Full Service B&M $132,263
    South State Bank 45 East Antrim Drive Greenville, SC 29607 Full Service B&M $76,121
    South State Bank 450 Ee Butler Pkwy Gainesville, GA 30501 Full Service B&M $98,613
    South State Bank 455 Epps Bridge Parkway, Suite 104 Athens, GA 30606 Full Service Retail $30,931
    South State Bank 458 Highway 515 E Blairsville, GA 30512 Full Service B&M $58,304
    South State Bank 46 Broad Street Charleston, SC 29401 Full Service B&M $427,289
    South State Bank 4741 Highway 80 East Savannah, GA 31410 Full Service B&M $52,377
    South State Bank 4962 Centre Pointe Drive North Charleston, SC 29418 Full Service B&M $70,286
    South State Bank 50 A Meeting Street Savannah, GA 31411 Full Service Retail $26,731
    South State Bank 501 Main Street Conway, SC 29526 Full Service B&M $54,435
    South State Bank 5019 Dick Pond Road Myrtle Beach, SC 29588 Full Service B&M $51,973
    South State Bank 502 North Duncan By-Pass Union, SC 29379 Full Service B&M $102,588
    South State Bank 5109 Sunset Boulevard Lexington, SC 29072 Full Service B&M $64,236
    South State Bank 519 South New Hope Road Gastonia, NC 28054 Full Service B&M $94,818
    South State Bank 520 Gervais Street Columbia, SC 29201 Full Service B&M $301,088
    South State Bank 520 North Jeffries Boulevard Walterboro, SC 29488 Full Service B&M $102,139
    South State Bank 528 Old Greenville Highway Clemson, SC 29631 Full Service B&M $41,383
    South State Bank 537 Sc 72 Byp Nw Greenwood, SC 29649 Full Service B&M $93,923
    South State Bank 5542 Memorial Boulevard Saint George, SC 29477 Full Service B&M $82,673
    South State Bank 575 South Main Street Cleveland, GA 30528 Full Service B&M $63,697
    South State Bank 600 Robertson Boulevard Walterboro, SC 29488 Limited, Drive-thru $0
    South State Bank 606 Main Street North Myrtle Beach, SC 29582 Full Service B&M $48,408
    South State Bank 627 Ronald Reagan Drive Evans, GA 30809 Full Service B&M $151,831
    South State Bank 632 Long Point Road Mount Pleasant, SC 29464 Full Service B&M $63,974
    South State Bank 637 Rutledge Avenue Charleston, SC 29403 Full Service B&M $31,233
    South State Bank 649 Brawley School Road Mooresville, NC 28117 Full Service B&M $53,114
    South State Bank 6512 Old No. 6 Hwy. Elloree, SC 29047 Full Service B&M $43,316
    South State Bank 6525 Morrison Boulevard Charlotte, NC 28211 Full Service B&M $205,005
    South State Bank 657 Bass Drive Santee, SC 29142 Full Service B&M $41,726
    South State Bank 6623 Falls Of Neuse Road Raleigh, NC 27615 Full Service B&M $4,427
    South State Bank 690 Bacon's Bridge Road Summerville, SC 29485 Full Service B&M $93,793
    South State Bank 702 Montague Ave Greenwood, SC 29649 Full Service B&M $79,720
    South State Bank 71 Memorial Drive Jefferson, GA 30549 Full Service B&M $60,579
    South State Bank 7100 Three Chopt Road Richmond, VA 23226 Full Service B&M $64,538
    South State Bank 717 Anderson Street Belton, SC 29627 Full Service B&M $51,931
    South State Bank 7850 Rivers Ave. North Charleston, SC 29406 Full Service B&M $47,608
    South State Bank 796 Sunset Boulevard North Sunset Beach, NC 28468 Full Service B&M $34,412
    South State Bank 801 E. Liberty Street York, SC 29745 Full Service B&M $50,011
    South State Bank 801 Highway 321 South Winnsboro, SC 29180 Full Service B&M $49,610
    South State Bank 808 East Tom Hall Street Fort Mill, SC 29715 Full Service B&M $89,266
    South State Bank 817 Dave Gibson Boulevard Fort Mill, SC 29708 Full Service B&M $85,680
    South State Bank 822 Coleman Boulevard Mount Pleasant, SC 29464 Full Service B&M $88,762
    South State Bank 825 South 5th Street Hartsville, SC 29550 Full Service B&M $59,754
    South State Bank 8450 Dorchester Road North Charleston, SC 29420 Full Service B&M $39,834
    South State Bank 855 Savannah Hwy Charleston, SC 29407 Full Service B&M $105,075
    South State Bank 9 Oak Forest Rd Bluffton, SC 29910 Full Service B&M $55,268
    South State Bank 901 E. Cary Street Richmond, VA 23219 Full Service B&M $30,073
    South State Bank 949 Washington Street Clarkesville, GA 30523 Full Service B&M $127,400
    South State Bank 950 John C. Calhoun Drive, S.E. Orangeburg, SC 29115 Full Service B&M $144,218
    South State Bank 9971 Ford Avenue Richmond Hill, GA 31324 Full Service B&M $148,445
    South State Bank 999 Wilson Road Newberry, SC 29108 Full Service B&M $85,879

    For 2019, South State Bank had 158 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $590,587
    Net interest income $509,727
    Total noninterest income $161,550
    Gross Fiduciary activities income $13,871
    Service charges on deposit accounts $48,079
    Trading account gains and fees $0
    Additional Noninterest Income $99,600
    Pre-tax net operating income $242,880
    Securities gains (or losses, -) $-2,581
    Income before extraordinary items $194,474
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $194,474
    Minority interest net income $0
    Net income $194,474
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $196,564

    South State Bank's gross interest income from loans was $590,587,000.
    South State Bank's net interest income from loans was $509,727,000.
    South State Bank's fee based income from loans was $48,079,000.
    South State Bank's net income from loans was $194,474,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $80,860
    Provision for credit losses $12,777
    Total noninterest expense $415,620
    Salaries and employee benefits $244,273
    Premises and equipment expense $46,288
    Additional noninterest expense $125,059
    Applicable income taxes $45,825
    Net charge-offs $5,861
    Cash dividends $214,703

    South State Bank's interest expense for loans was $80,860,000.
    South State Bank's payroll and benefits expense were $244,273,000.
    South State Bank's property, plant and equipment expenses $46,288,000.

    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 0.0%
    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 $12,198,767
    Deposits held in domestic offices $12,198,767
    Deposits by Individuals, partnerships, and corporations $11,536,591
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $649,687
    Deposits by Commercial banks and other depository institutions in U.S. $12,490
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,912,581
    Demand deposits $1,912,581
    Nontransaction accounts $10,286,187
    Money market deposit accounts (MMDAs) $7,320,893
    Other savings deposits (excluding MMDAs) $1,309,896
    Total time deposits $1,655,398
    Total time and savings deposits $10,286,187
    Noninterest-bearing deposits $3,266,977
    Interest-bearing deposits $8,931,790
    Retail deposits $11,905,782
    IRAs and Keogh plan accounts $340,221
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $15,917,423
    Cash & Balances due from depository institutions $588,187
    Interest-bearing balances $326,168
    Total securities $1,956,047
    Federal funds sold & reverse repurchase $100,517
    Net loans and leases $11,372,476
    Loan and leases loss allowance $61,991
    Trading account assets $0
    Bank premises and fixed assets $317,321
    Other real estate owned $11,964
    Goodwill and other intangibles $1,083,241
    All other assets $487,670

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $15,917,423
    Total Liabilities $13,453,520
    Total deposits $12,198,767
    Interest-bearing deposits $8,931,790
    Deposits held in domestic offices $12,198,767
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $298,741
    Trading liabilities $0
    Other borrowed funds $788,949
    Subordinated debt $0
    All other liabilities $167,063

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $11,372,476
    Loan and leases loss allowance $61,991
    Total loans and leases (domestic) $11,434,467
    All real estate loans $9,358,369
    Real estate loans in domestic offices $9,358,369
    Construction and development loans $1,017,260
    Residential 1-4 family construction $262,608
    Other construction, all land development and other land $754,652
    Loans secured by nonfarm nonresidential properties $4,265,411
    Nonfarm nonresidential secured by owner-occupied properties $2,158,700
    Commercial real estate & other non-farm, non-residential $2,106,711
    Multifamily residential real estate $211,548
    1-4 family residential loans $3,794,263
    Farmland loans $69,887
    Loans held in foreign offices $0
    Farm loans $9,129
    Commercial and industrial loans $1,087,271
    To non-U.S. addressees $0
    Loans to individuals $663,778
    Credit card loans $0
    Related Plans $14,904
    Consumer Auto Loans $222,745
    Other loans to individuals $426,129
    All other loans & leases $315,920
    Loans to foreign governments and official institutions $0
    Other loans $151,373
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,258
    Non 1-4 family restructured loans & leases $1,580
    Total loans and leases (foreign) $0

    South State Bank had $11,372,476,000 of loans outstanding in 2019. $9,358,369,000 of loans were in real estate loans. $1,017,260,000 of loans were in development loans. $211,548,000 of loans were in multifamily mortgage loans. $3,794,263,000 of loans were in 1-4 family mortgage loans. $9,129,000 of loans were in farm loans. $0 of loans were in credit card loans. $222,745,000 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 4,116 $995,555 $241,874
    Nonfarm, nonresidential loans - <$100k 690 $31,977 $46,343
    Nonfarm, nonresidential loans - $100-250k 1,368 $169,193 $123,679
    Nonfarm, nonresidential loans - $250k-1MM 2,058 $794,385 $385,999
    Commercial & Industrial, US addressed loans - <$1MM 8,254 $551,972 $66,873
    Commercial & Industrial, US addressed loans - <$100k 6,031 $134,789 $22,349
    Commercial & Industrial, US addressed loans - $100-250k 1,219 $125,360 $102,838
    Commercial & Industrial, US addressed loans - $250k-1MM 1,004 $291,823 $290,660
    Farmland loans - <$1MM 247 $34,682 $140,413
    Farmland loans - <$100k 83 $3,606 $43,446
    Farmland loans - $100-250k 100 $11,326 $113,260
    Farmland loans - $250k-1MM 64 $19,750 $308,594
    Agriculture operations loans - <$1MM 117 $5,018 $42,889
    Agriculture operations loans - <$100k 97 $2,032 $20,948
    Agriculture operations loans - $100-250k 15 $1,967 $131,133
    Agriculture operations loans - $250k-1MM 5 $1,019 $203,800