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

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

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Mortgage Data

  • SimulatedRates™
  • Bank Data

    Review & 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 by origination volume include: Columbia, Charleston, Greenville, Myrtle Beach, and Charlotte among others. We have data for 42 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Palmetto Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. First Palmetto 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.

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

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.82% 12/4/22
    30 Year Conventional Refi 6.69% 12/4/22
    30 Year Cash-out Refi 6.91% 12/4/22
    30 Year FHA Purchase 7.43% 12/4/22
    30 Year FHA Refi 6.58% 12/4/22
    30 Year VA Purchase 6.55% 12/4/22
    30 Year USDA Purchase 6.78% 12/4/22
    30 Year USDA Refi 7.03% 12/4/22
    15 Year Conventional Purchase 5.94% 12/4/22
    15 Year Conventional Refi 5.94% 12/4/22
    15 Year Cash-out Refi 5.94% 12/4/22
    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.


    Originations

    1,479

    Origination Dollar Volume (All Markets)

    $428,275,000

    Employee count

    164 Show all (14) awards

    Relative Rate

    First Palmetto Bank's average 30 year fixed mortgage rate was 3.04%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.11%.

    Relative Fees (Closing Costs)

    First Palmetto Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,246.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    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.

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

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

    S. C. STATE FEDERAL CREDIT UNION
    Similarity Rank: 408
    CAROLINA FOOTHILLS
    Similarity Rank: 484
    Barley Mortgage, LLC
    Similarity Rank: 552
    CAROLINA TRUST FEDERAL CREDIT UNION
    Similarity Rank: 1225
    FIRST CHOICE MORTGAGE, INC.
    Similarity Rank: 1395
    Aurora Financial, LLC
    Similarity Rank: 1825
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 1980
    AUGUSTA MORTGAGE CO.
    Similarity Rank: 2280

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, First Palmetto Bank's most frequently originated type of loan was Conventional, with 1,419 originations. Their 2nd most popular type was FHA, with 33 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, First Palmetto Bank's most frequently cited loan purpose was Home Purchase, with 653 originations. The 2nd most popular reason was 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 2021, First Palmetto Bank's most frequently cited loan duration was 30 Year, with 1,015 originations. The 2nd most popular length was 15 Year, with 251 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 18 $5,480,000 $304,444
    $4k-5k 5 $2,705,000 $541,000
    $5k+ 5 $1,985,000 $397,000

    First Palmetto Bank's average total fees were $3,246, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.04%, while their most frequently originated rate bucket for loans was 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
    99.29%

    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
    95.88%

    First Palmetto Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    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 301 North Hampton Street Kershaw, SC 29067 Full Service B&M $27,917
    First Palmetto Bank 10540 Two Notch Road Elgin, SC 29045 Full Service B&M $31,630
    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
    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

    For 2021, First Palmetto Bank had 23 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $29,497
    Net interest income $28,095
    Total noninterest income $12,067
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $333
    Trading account gains and fees $0
    Additional Noninterest Income $11,734
    Pre-tax net operating income $14,197
    Securities gains (or losses, -) $0
    Income before extraordinary items $10,789
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,789
    Minority interest net income $0
    Net income $10,789
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $10,789

    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.

    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 $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