First Palmetto Bank Mortgage Rates, Fees & Info
Camden, SC
LEI: 549300Z7EP1HO5CH1C36
Tax ID: 57-0921408
5 stars
-
out of 5 stars, based on 38 reviews
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Mortgage Data
Bank Data
Overview
First Palmetto Bank is a
smaller
bank
specializing in
Home Purchase, Refi, and Cash Out Refi loans.
First Palmetto 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 include Columbia, Charleston, Greenville, Myrtle Beach, and Charlotte among others. First Palmetto Bank has
an above average
approval rate for mortages when compared nationally.
They have
an average
pick rate when compared to the same sample of other lendors.
First Palmetto Bank is typically
a low fee
lendor.
Originations
1,479
Origination Dollar Volume (All Markets)
$428,275,000
Employee count
164
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First Palmetto Bank - 2021
First Palmetto Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
First Palmetto Bank's average 30 year fixed rate mortgage of loans were
3.04%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.11%.
Relative Fees
First Palmetto Bank's average total fees for a 30 year fixed rate
mortgage are $3,246.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
|
COLUMBIA, SC (FHA|USDA|VA)
|
703
|
$178,965,000 |
$254,573 |
$3,133 |
2.92% |
|
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA)
|
208
|
$85,890,000 |
$412,933 |
$3,054 |
3.07% |
|
GREENVILLE-ANDERSON, SC (FHA|USDA|VA)
|
233
|
$77,805,000 |
$333,927 |
$3,059 |
2.97% |
|
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA)
|
78
|
$21,380,000 |
$274,103 |
$2,886 |
3.13% |
|
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA)
|
54
|
$12,320,000 |
$228,148 |
$2,994 |
2.94% |
|
SPARTANBURG, SC (FHA|USDA|VA)
|
35
|
$8,585,000 |
$245,286 |
$3,117 |
2.97% |
|
Outside of Metro Areas
|
25 |
$5,585,000 |
$223,400 |
$2,993 |
2.91% |
|
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA)
|
9
|
$5,365,000 |
$596,111 |
$3,163 |
3.00% |
|
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA)
|
18
|
$4,300,000 |
$238,889 |
$3,403 |
2.86% |
|
Georgetown, SC (FHA|USDA|VA)
|
10
|
$3,050,000 |
$305,000 |
$3,427 |
2.97% |
|
Seneca, SC (FHA|USDA|VA)
|
12
|
$3,030,000 |
$252,500 |
$2,823 |
2.96% |
|
Newberry, SC (FHA|USDA|VA)
|
13
|
$3,025,000 |
$232,692 |
$3,779 |
2.65% |
|
SUMTER, SC (FHA|USDA|VA)
|
16
|
$2,330,000 |
$145,625 |
$2,965 |
3.00% |
|
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA)
|
5
|
$1,935,000 |
$387,000 |
$2,804 |
2.65% |
|
Orangeburg, SC (FHA|USDA|VA)
|
12
|
$1,910,000 |
$159,167 |
$3,245 |
2.80% |
|
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA)
|
7
|
$1,805,000 |
$257,857 |
$3,159 |
3.07% |
|
FLORENCE, SC (FHA|USDA|VA)
|
7
|
$1,655,000 |
$236,429 |
$3,546 |
2.93% |
|
RALEIGH-CARY, NC (FHA|USDA|VA)
|
4
|
$950,000 |
$237,500 |
$2,373 |
2.69% |
|
ASHEVILLE, NC (FHA|USDA|VA)
|
4
|
$910,000 |
$227,500 |
$2,852 |
2.72% |
|
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA)
|
3
|
$865,000 |
$288,333 |
$2,960 |
2.41% |
|
Brevard, NC (FHA|USDA|VA)
|
2
|
$650,000 |
$325,000 |
$3,693 |
3.13% |
|
Albemarle, NC (FHA|USDA|VA)
|
1
|
$545,000 |
$545,000 |
$3,236 |
2.75% |
|
Key West, FL (FHA|USDA|VA)
|
1
|
$535,000 |
$535,000 |
$4,526 |
3.25% |
|
Kill Devil Hills, NC (FHA|USDA|VA)
|
1
|
$515,000 |
$515,000 |
$0 |
4.25% |
|
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)
|
1
|
$445,000 |
$445,000 |
$4,762 |
3.13% |
|
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)
|
1
|
$385,000 |
$385,000 |
$3,616 |
3.50% |
|
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA)
|
1
|
$375,000 |
$375,000 |
$3,581 |
3.25% |
|
Bennettsville, SC (FHA|USDA|VA)
|
1
|
$365,000 |
$365,000 |
$3,421 |
3.00% |
|
Greenwood, SC (FHA|USDA|VA)
|
1
|
$305,000 |
$305,000 |
$2,673 |
2.38% |
|
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA)
|
1
|
$285,000 |
$285,000 |
$3,153 |
3.25% |
|
PITTSBURGH, PA (FHA|USDA|VA)
|
1
|
$225,000 |
$225,000 |
$4,087 |
3.50% |
|
Morehead City, NC (FHA|USDA|VA)
|
1
|
$225,000 |
$225,000 |
$3,668 |
3.00% |
|
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA)
|
1
|
$225,000 |
$225,000 |
$2,810 |
2.88% |
|
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)
|
1
|
$215,000 |
$215,000 |
$2,882 |
3.00% |
|
COLORADO SPRINGS, CO (FHA|USDA|VA)
|
1
|
$215,000 |
$215,000 |
$4,411 |
3.38% |
|
WILMINGTON, NC (FHA|USDA|VA)
|
1
|
$205,000 |
$205,000 |
$3,154 |
2.88% |
|
CHATTANOOGA, TN-GA (FHA|USDA|VA)
|
1
|
$205,000 |
$205,000 |
$1,977 |
3.38% |
|
SAVANNAH, GA (FHA|USDA|VA)
|
1
|
$175,000 |
$175,000 |
$3,309 |
2.63% |
|
BURLINGTON, NC (FHA|USDA|VA)
|
1
|
$135,000 |
$135,000 |
$3,004 |
4.00% |
|
ELKHART-GOSHEN, IN (FHA|USDA|VA)
|
1
|
$135,000 |
$135,000 |
$2,337 |
3.50% |
|
MOBILE, AL (FHA|USDA|VA)
|
1
|
$125,000 |
$125,000 |
$2,655 |
3.13% |
|
Sevierville, TN (FHA|USDA|VA)
|
1
|
$125,000 |
$125,000 |
$1,625 |
2.88% |
First Palmetto Bank's top markets include Columbia, Charleston, Greenville, Myrtle Beach, and Charlotte among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
1,419 |
$413,605,000 |
$291,476 |
$2,979 |
2.97% |
| FHA |
33 |
$6,575,000 |
$199,242 |
$6,475 |
2.85% |
| VA |
19 |
$6,445,000 |
$339,211 |
$4,987 |
2.86% |
| USDA |
8 |
$1,650,000 |
$206,250 |
$5,036 |
2.66% |
For the 2021 period, First Palmetto Bank's most frequently
originated loan type
of loans were Conventional, with 1,419 originations.
Their 2nd most popular type is FHA,
with 33 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Home Purchase |
653 |
$196,475,000 |
$300,881 |
$3,575 |
3.05% |
| Refi |
459 |
$128,175,000 |
$279,248 |
$2,568 |
2.78% |
| Cash Out Refi |
366 |
$100,990,000 |
$275,929 |
$2,954 |
3.05% |
| Other |
1 |
$2,635,000 |
$2,635,000 |
$1,032 |
2.95% |
For the 2021, First Palmetto Bank's most frequently cited loan
purpose
of loans were Home Purchase, with 653
originations.
The 2nd most popular reason of loans were Refi,
with 459 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 30 Year |
1,015 |
$286,055,000 |
$281,828 |
$3,246 |
3.04% |
| 15 Year |
251 |
$63,415,000 |
$252,649 |
$2,795 |
2.46% |
| 20 Year |
70 |
$17,970,000 |
$256,714 |
$2,731 |
2.79% |
| 5 Year |
62 |
$17,090,000 |
$275,645 |
$2,219 |
3.76% |
| 10 Year |
44 |
$14,810,000 |
$336,591 |
$2,831 |
2.74% |
| Other |
35 |
$26,125,000 |
$746,429 |
$2,350 |
3.38% |
| 3 Year |
1 |
$1,605,000 |
$1,605,000 |
$0 |
3.75% |
| 1 Year |
1 |
$1,205,000 |
$1,205,000 |
$0 |
3.65% |
For the 2021, First Palmetto Bank's most frequently cited loan
length
of loans were 30 Year, with 1,015 originations.
The 2nd most popular length of loans were 15 Year,
with 251 originations.
Origination Fees
| Origination Fee |
Originations |
Total Value |
Average Loan |
| $<1k |
1,267 |
$349,525,000 |
$275,868 |
| $1k-2k |
81 |
$26,735,000 |
$330,062 |
| $2k-3k |
43 |
$9,995,000 |
$232,442 |
| $3k-4k |
23 |
$8,185,000 |
$355,870 |
| $5k+ |
5 |
$1,985,000 |
$397,000 |
$3,246 of loans were First Palmetto Bank's
average total fees, while their most
frequently occuring range of origination fees were in the
$<1k bucket,
with 1,267 originations.
Interest Rates
| Loan Rate |
Originations |
Total Value |
Average Loan |
| 2.5-3% |
671 |
$197,175,000 |
$293,852 |
| 3-4% |
503 |
$158,875,000 |
$315,855 |
| <2.5% |
273 |
$64,295,000 |
$235,513 |
| 4-5% |
32 |
$7,930,000 |
$247,813 |
During 2021, First Palmetto Bank's average interest
rate of loans were 3.04%, while their
most frequently originated rate bucket of loans were 2.5-3%,
with 671 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $200k-400k |
612 |
$171,940,000 |
$280,948 |
$3,243 |
2.94% |
| $100k-200k |
477 |
$72,765,000 |
$152,547 |
$2,822 |
2.96% |
| $400k-600k |
238 |
$116,450,000 |
$489,286 |
$3,407 |
2.93% |
| $100,000 or less |
100 |
$7,910,000 |
$79,100 |
$2,558 |
2.99% |
| $600k-1MM |
30 |
$23,350,000 |
$778,333 |
$3,412 |
3.27% |
| $1MM+ |
22 |
$35,860,000 |
$1,630,000 |
$4,168 |
3.45% |
2021 saw First Palmetto Bank place emphasis on
$200k-400k loans
with 612 originations, totaling
$171,940,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-150k |
315 |
$80,195,000 |
$254,587 |
$3,135 |
2.89% |
| $150k-250k |
267 |
$87,115,000 |
$326,273 |
$3,201 |
2.95% |
| $250k+ |
248 |
$113,110,000 |
$456,089 |
$3,106 |
2.93% |
| $50k-75k |
248 |
$50,410,000 |
$203,266 |
$3,081 |
2.95% |
| $75k-100k |
205 |
$46,875,000 |
$228,659 |
$3,117 |
3.01% |
| $50k or less |
144 |
$20,540,000 |
$142,639 |
$2,902 |
2.87% |
First Palmetto Bank lent most frequently to those with incomes in the
$100k-150k range, with
315 originations.
The second most popular income band? $150k-250k,
with 267 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-30% |
423 |
$115,345,000 |
$272,683 |
$3,097 |
2.90% |
| <20% |
405 |
$112,635,000 |
$278,111 |
$2,881 |
2.89% |
| 30-36% |
229 |
$69,325,000 |
$302,729 |
$3,183 |
2.94% |
| 36% |
47 |
$13,655,000 |
$290,532 |
$3,195 |
2.89% |
| 37% |
35 |
$7,725,000 |
$220,714 |
$3,049 |
3.06% |
| 38% |
34 |
$9,360,000 |
$275,294 |
$2,892 |
3.11% |
| 44% |
33 |
$8,545,000 |
$258,939 |
$3,301 |
2.97% |
| 40% |
29 |
$7,375,000 |
$254,310 |
$3,477 |
3.01% |
| 43% |
27 |
$7,125,000 |
$263,889 |
$3,385 |
3.01% |
| 39% |
25 |
$5,625,000 |
$225,000 |
$3,805 |
2.96% |
| 42% |
24 |
$5,910,000 |
$246,250 |
$3,128 |
3.29% |
| 41% |
21 |
$4,865,000 |
$231,667 |
$3,577 |
2.97% |
| 47% |
19 |
$5,335,000 |
$280,789 |
$3,193 |
3.07% |
| 50-60% |
18 |
$6,290,000 |
$349,444 |
$3,506 |
2.98% |
| 48% |
17 |
$4,935,000 |
$290,294 |
$2,947 |
2.96% |
| 45% |
16 |
$4,140,000 |
$258,750 |
$3,812 |
3.02% |
| 46% |
13 |
$3,435,000 |
$264,231 |
$3,194 |
2.99% |
| 49% |
8 |
$1,900,000 |
$237,500 |
$4,087 |
2.94% |
| >60% |
4 |
$4,960,000 |
$1,240,000 |
$2,713 |
3.03% |
First Palmetto Bank lent most frequently to those with DTI ratios
of 20-30%, with
423 originations.
The next most common DTI ratio? <20%,
with 405 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| White |
1,231 |
$346,585,000 |
$281,548 |
$3,063 |
2.95% |
| Not applicable |
45 |
$28,605,000 |
$635,667 |
$0 |
3.83% |
| Not provided |
91 |
$27,265,000 |
$299,615 |
$3,429 |
2.94% |
| Black |
45 |
$10,115,000 |
$224,778 |
$3,658 |
2.95% |
| Asian |
35 |
$8,825,000 |
$252,143 |
$3,174 |
2.79% |
| Asian Indian |
25 |
$5,815,000 |
$232,600 |
$2,468 |
2.50% |
| American Indian |
5 |
$785,000 |
$157,000 |
$3,399 |
2.88% |
| Other Asian |
2 |
$280,000 |
$140,000 |
$2,949 |
2.69% |
Approval Rates
Total approvals of all applications
96.76%
First Palmetto Bank has an exceptionally high approval rate. They
either target their audience
very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination
93.33%
First Palmetto Bank has an average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| 3255.12 |
1 |
$85,000 |
$85,000 |
| NA |
1,478 |
$428,190,000 |
$289,709 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
1,479 |
$428,275,000 |
$289,571 |
LTV Distribution
| Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-40% |
102 |
$22,580,000 |
$221,373 |
$2,602 |
2.74% |
| 40-60% |
259 |
$78,305,000 |
$302,336 |
$2,774 |
2.77% |
| 60-80% |
619 |
$183,295,000 |
$296,115 |
$2,913 |
3.02% |
| 80-100% |
479 |
$140,265,000 |
$292,829 |
$3,560 |
3.03% |
| Over 100% |
4 |
$1,240,000 |
$310,000 |
$12,663 |
2.75% |
| Under 20% |
16 |
$2,590,000 |
$161,875 |
$2,043 |
3.06% |
Complaints
| Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
| FIRST HORIZON BANK |
Other type of mortgage |
Closing on a mortgage |
2 |
5.9% |
| FIRST HORIZON BANK |
Conventional home mortgage |
Struggling to pay mortgage |
1 |
2.9% |
| FIRST HORIZON BANK |
Conventional home mortgage |
Closing on a mortgage |
2 |
5.9% |
| FIRST HORIZON BANK |
Conventional home mortgage |
Applying for a mortgage or refinancing an existing mortgage |
2 |
5.9% |
| FIRST HORIZON BANK |
Conventional home mortgage |
Trouble during payment process |
10 |
29.4% |
| FIRST HORIZON BANK |
FHA mortgage |
Applying for a mortgage or refinancing an existing mortgage |
1 |
2.9% |
| FIRST HORIZON BANK |
FHA mortgage |
Closing on a mortgage |
1 |
2.9% |
| FIRST HORIZON BANK |
FHA mortgage |
Trouble during payment process |
2 |
5.9% |
| FIRST HORIZON BANK |
Home equity loan or line of credit (HELOC) |
Applying for a mortgage or refinancing an existing mortgage |
2 |
5.9% |
| FIRST HORIZON BANK |
Home equity loan or line of credit (HELOC) |
Struggling to pay mortgage |
1 |
2.9% |
| FIRST HORIZON BANK |
Home equity loan or line of credit (HELOC) |
Trouble during payment process |
6 |
17.6% |
| FIRST HORIZON BANK |
Other type of mortgage |
Applying for a mortgage or refinancing an existing mortgage |
2 |
5.9% |
| FIRST HORIZON BANK |
VA mortgage |
Applying for a mortgage or refinancing an existing mortgage |
1 |
2.9% |
| FIRST HORIZON BANK |
Other type of mortgage |
Trouble during payment process |
1 |
2.9% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| First Palmetto Bank |
10540 Two Notch Road Elgin, SC 29045 |
Full Service B&M
|
$31,630 |
| First Palmetto Bank |
301 North Hampton Street Kershaw, SC 29067 |
Full Service B&M
|
$27,917 |
| First Palmetto Bank |
3932 Forest Drive Columbia, SC 29204 |
Full Service B&M
|
$38,378 |
| First Palmetto Bank |
407 Dekalb Street Camden, SC 29020 |
Full Service B&M
|
$138,749 |
| First Palmetto Bank |
409 N. Main Street Lancaster, SC 29720 |
Full Service B&M
|
$32,922 |
| First Palmetto Bank |
4311 Main Street Loris, SC 29569 |
Full Service B&M
|
$29,754 |
| First Palmetto Bank |
5 Sumar Street Charleston, SC 29407 |
Full Service B&M
|
$11,934 |
| First Palmetto Bank |
501 Highway 17 North Myrtle Beach, SC 29582 |
Full Service B&M
|
$8,795 |
| First Palmetto Bank |
5321 Sunset Boulevard Lexington, SC 29072 |
Full Service B&M
|
$40,677 |
| First Palmetto Bank |
7327 Saint Andrews Road Irmo, SC 29063 |
Full Service B&M
|
$24,627 |
| First Palmetto Bank |
788 Highway 1 South Lugoff, SC 29078 |
Full Service B&M
|
$74,488 |
| First Palmetto Bank |
111 N Brooks St Manning, SC 29102 |
Full Service B&M
|
$18,074 |
| First Palmetto Bank |
1204 48th Ave N Myrtle Beach, SC 29578 |
Full Service B&M
|
$55,642 |
| First Palmetto Bank |
1376 Highway 17 Little River, SC 29566 |
Full Service B&M
|
$29,953 |
| First Palmetto Bank |
1636 Highway 17, North Mount Pleasant, SC 29464 |
Full Service B&M
|
$17,958 |
| First Palmetto Bank |
201 E Church St Bishopville, SC 29010 |
Full Service B&M
|
$17,974 |
| First Palmetto Bank |
201 North Pearl Street Pageland, SC 29728 |
Full Service B&M
|
$34,212 |
| First Palmetto Bank |
206 Cashua Street Darlington, SC 29532 |
Full Service B&M
|
$19,606 |
| First Palmetto Bank |
211 N. Main Street Summerville, SC 29483 |
Full Service B&M
|
$14,262 |
| First Palmetto Bank |
2293 Glenn's Bay Road Surfside Beach, SC 29575 |
Full Service B&M
|
$18,724 |
| First Palmetto Bank |
2310 N. Broad Street Camden, SC 29020 |
Full Service B&M
|
$20,624 |
| First Palmetto Bank |
2530 Devine Street Columbia, SC 29205 |
Full Service B&M
|
$46,294 |
| First Palmetto Bank |
300 King Street East Bethune, SC 29009 |
Full Service B&M
|
$21,834 |
For 2021, First Palmetto Bank had 23 branches.
Yearly Performance Overview
Bank Income
First Palmetto Bank's gross interest income from loans was $29,497,000.
First Palmetto Bank's net interest income from loans was $28,095,000.
First Palmetto Bank's fee based income from loans was $333,000.
First Palmetto Bank's net income from loans was $10,789,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$1,402 |
| Provision for credit losses |
$1,200 |
| Total noninterest expense |
$24,765 |
| Salaries and employee benefits |
$16,902 |
| Premises and equipment expense |
$2,465 |
| Additional noninterest expense |
$5,398 |
| Applicable income taxes |
$3,408 |
| Net charge-offs |
$-225 |
| Cash dividends |
$9,500 |
First Palmetto Bank's interest expense for loans was $1,402,000.
First Palmetto Bank's payroll and benefits expense were $16,902,000.
First Palmetto Bank's property, plant and equipment expenses $2,465,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$790,298 |
| Deposits held in domestic offices |
$790,298 |
| Deposits by Individuals, partnerships, and corporations |
$768,619 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$21,679 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$0 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$361,646 |
| Demand deposits |
$186,307 |
| Nontransaction accounts |
$428,652 |
| Money market deposit accounts (MMDAs) |
$152,746 |
| Other savings deposits (excluding MMDAs) |
$65,502 |
| Total time deposits |
$210,404 |
| Total time and savings deposits |
$603,991 |
| Noninterest-bearing deposits |
$187,363 |
| Interest-bearing deposits |
$602,935 |
| Retail deposits |
$747,543 |
| IRAs and Keogh plan accounts |
$29,944 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$873,264 |
| Cash & Balances due from depository institutions |
$184,835 |
| Interest-bearing balances |
$174,230 |
| Total securities |
$60,775 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$602,775 |
| Loan and leases loss allowance |
$11,089 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$17,979 |
| Other real estate owned |
$0 |
| Goodwill and other intangibles |
$1,541 |
| All other assets |
$5,359 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$873,264 |
| Total Liabilities |
$793,120 |
| Total deposits |
$790,298 |
| Interest-bearing deposits |
$602,935 |
| Deposits held in domestic offices |
$790,298 |
| % insured (estimated) |
$79 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$0 |
| Subordinated debt |
$0 |
| All other liabilities |
$2,822 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$602,775 |
| Loan and leases loss allowance |
$11,089 |
| Total loans and leases (domestic) |
$613,864 |
| All real estate loans |
$566,122 |
| Real estate loans in domestic offices |
$566,122 |
| Construction and development loans |
$49,000 |
| Residential 1-4 family construction |
$20,345 |
| Other construction, all land development and other land |
$28,655 |
| Loans secured by nonfarm nonresidential properties |
$314,330 |
| Nonfarm nonresidential secured by owner-occupied properties |
$137,391 |
| Commercial real estate & other non-farm, non-residential |
$176,939 |
| Multifamily residential real estate |
$6,056 |
| 1-4 family residential loans |
$193,743 |
| Farmland loans |
$2,993 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$0 |
| Commercial and industrial loans |
$42,634 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$6,238 |
| Credit card loans |
$0 |
| Related Plans |
$364 |
| Consumer Auto Loans |
$1,822 |
| Other loans to individuals |
$4,052 |
| All other loans & leases |
$330 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$330 |
| 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 |
$726 |
| Non 1-4 family restructured loans & leases |
$187 |
| Total loans and leases (foreign) |
$0 |
First Palmetto Bank had $602,775,000 of loans outstanding in 2021. $566,122,000 of loans were in real estate loans.
$49,000,000 of loans were in development loans. $6,056,000 of loans were in multifamily mortgage loans.
$193,743,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0
of loans were in credit card loans. $1,822,000 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 |
537 |
$143,788 |
$267,762 |
| Nonfarm, nonresidential loans - <$100k |
103 |
$4,576 |
$44,427 |
| Nonfarm, nonresidential loans - $100-250k |
162 |
$21,184 |
$130,765 |
| Nonfarm, nonresidential loans - $250k-1MM |
272 |
$118,028 |
$433,926 |
| Commercial & Industrial, US addressed loans - <$1MM |
253 |
$18,794 |
$74,285 |
| Commercial & Industrial, US addressed loans - <$100k |
164 |
$4,336 |
$26,439 |
| Commercial & Industrial, US addressed loans - $100-250k |
58 |
$4,783 |
$82,466 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
31 |
$9,675 |
$312,097 |
| Farmland loans - <$1MM |
12 |
$1,225 |
$102,083 |
| Farmland loans - <$100k |
4 |
$188 |
$47,000 |
| Farmland loans - $100-250k |
6 |
$759 |
$126,500 |
| Farmland loans - $250k-1MM |
2 |
$278 |
$139,000 |
