TellerScore

South Atlantic Bank (FDIC certificate #58689) is based in Myrtle Beach, South Carolina. Its Q2 2026 call report shows $2.0B in total assets and $1.7B in deposits and 12 offices.

Based on its Q2 2026 filing, South Atlantic Bank scores 70/100, which we describe as strong. That is higher than 58% of 897 banks with $1 billion – $10 billion. Among 44 banks headquartered in South Carolina, it ranks 27th. Its strongest component is loan quality (100/100; 0.01%), and its lowest is capital cushion (44/100; 9.42%).

TellerScore · Q2 2026

Scorecard

Capital cushion44/100
Tier 1 leverage ratio: 9.42%
Loan quality100/100
Noncurrent loans ÷ total loans: 0.01%
Earnings63/100
Return on assets (annualized): 1.07%
Funding & liquidity58/100
Loans ÷ deposits and uninsured-deposit share: 91.1% · 25.5% uninsured
Problem-loan coverage100/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 0.07%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score rose 5 points (65 → 70), mostly because the earnings component improved by 8 points.

TellerScore
626670Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202463
Q3 202463
Q4 202462
Q1 202565
Q2 202565
Q3 202566
Q4 202567
Q1 202668
Q2 202670
Tier 1 leverage ratio
5.00%7.21%9.42%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 20248.55%
Q3 20248.36%
Q4 20248.49%
Q1 20258.67%
Q2 20258.74%
Q3 20258.86%
Q4 20259.19%
Q1 20269.27%
Q2 20269.42%
Noncurrent loans
0.00%0.00%0.01%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.00%
Q3 20240.00%
Q4 20240.00%
Q1 20250.00%
Q2 20250.00%
Q3 20250.00%
Q4 20250.00%
Q1 20260.00%
Q2 20260.01%
Return on assets
0.61%0.84%1.07%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.61%
Q3 20240.64%
Q4 20240.68%
Q1 20250.83%
Q2 20250.87%
Q3 20250.92%
Q4 20250.93%
Q1 20261.05%
Q2 20261.07%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202670$2.0B9.42%0.01%1.07%91.1%
Q1 202668$1.9B9.27%0.00%1.05%91.8%
Q4 202567$1.9B9.19%0.00%0.93%93.6%
Q3 202566$1.9B8.86%0.00%0.92%88.7%
Q2 202565$1.9B8.74%0.00%0.87%87.9%
Q1 202565$1.9B8.67%0.00%0.83%86.9%
Q4 202462$1.8B8.49%0.00%0.68%90.4%
Q3 202463$1.8B8.36%0.00%0.64%86.1%
Q2 202463$1.7B8.55%0.00%0.61%85.4%

897 peers · $1 billion – $10 billion

How it compares with peers

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio9.42%
21st
Total risk-based capital12.21%
34th
Problem loans0.01%
95th
Net charge-offs0.00%
78th
Return on assets1.07%
35th
Net interest margin3.30%
26th
Efficiency ratio59.2%
49th
Loans to deposits91.1%
37th
Uninsured deposits25.5%
69th
Loan-loss reserves0.95%
24th
Texas ratio0.1%
96th

Similar-size banks in South Carolina

InstitutionScoreAssetsCapitalProblem loansCompare
The Conway National BankBank Conway, SC79 out of 100, Strong$2.0B10.2%0.02%vs
Bank of Travelers RestBank Travelers Rest, SC79 out of 100, Strong$1.6B10.3%0.12%vs
Anderson Brothers BankBank Mullins, SC69 out of 100, Moderate$2.4B9.3%0.59%vs
First Community BankBank Lexington, SC71 out of 100, Strong$2.4B9.3%0.05%vs
Coastal States BankBank Hilton Head Island, SC63 out of 100, Moderate$2.4B11.1%0.95%vs
Security Federal BankBank Aiken, SC69 out of 100, Moderate$1.5B10.8%0.85%vs

Deposit insurance

Is my money safe at South Atlantic Bank?

Yes. South Atlantic Bank is an FDIC-insured institution (FDIC certificate #58689). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 25.5% of deposits ($428.2M) are above the $250,000 FDIC insurance limit, below the peer median of 31%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 9.42%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 12.21% (benchmark: 10%).

Check how much of your own balance is covered

12 locations

Branches

South Atlantic Bank lists 12 offices in 11 cities. Most locations:

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, South Atlantic Bank reported 319 home-loan applications under HMDA (LEI 5493003I223S7AP6XL58): 252 originated ($148,360,000 total), 13 denied, and 51 withdrawn or closed by the applicant. Its denial rate on decided applications was 4.9%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Identity & history

Profile

Legal name
South Atlantic Bank
Type
State-chartered bank
FDIC certificate #
58689
RSSD ID
3637247
Primary regulator
FDIC
Holding company
South Atlantic Bancshares Inc
Established
November 28, 2007
Headquarters
630 29th Ave N, Myrtle Beach, SC 29577
Employees
175

Quick answers

South Atlantic Bank: common questions

Is South Atlantic Bank FDIC insured?

Yes. South Atlantic Bank is an FDIC-insured institution (FDIC certificate #58689). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is South Atlantic Bank's TellerScore?

70 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has South Atlantic Bank ever failed?

There is no failure record for FDIC certificate #58689 in the FDIC failed bank list.

How many branches does South Atlantic Bank have?

12 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Myrtle Beach

InstitutionScoreAssetsCapitalProblem loansCompare
Georgetown Kraft Credit UnionCredit union Georgetown, SC87 out of 100, Very strong$191.9M18.7%0.95%vs
Carolina Bank & Trust Co.Bank Lamar, SC83 out of 100, Strong$844.6M13.5%0.41%vs
Santee Cooper Credit UnionCredit union Moncks Corner, SC82 out of 100, Strong$95.9M15.0%0.97%vs
The Conway National BankBank Conway, SC79 out of 100, Strong$2.0B10.2%0.02%vs
United BankBank Fairfax, VA74 out of 100, Strong$33.6B11.6%0.44%vs
The Citizens BankBank Olanta, SC74 out of 100, Strong$1.1B9.9%0.18%vs