Beach First National Bank

3751 Robert M. Grissom Parkway Suite 100
Myrtle Beach, SC 29577

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34242
Date Established 1996
Assets $0.60 billion
Loans $0.49 billion
Deposits $0.52 billion
Capital $0.03 billion

Beach First National Bank is an FDIC insured institution located in Myrtle Beach, SC. It was founded in 1996 and has approximately $0.59 billion in assets.

Beach First National Bank, Myrtle Beach, South Carolina, was closed April 9, 2010 by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Bank of North Carolina, Thomasville, North Carolina, to assume all of the deposits of Beach First National Bank.

For a more detailed analysis of Beach First National Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Beach First National Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Beach First National Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Beach First National Bank, but see these great savings and CD rates:

1.25% APY Online Savings Account from Ally Bank
1.60% APY 11 Month CD from Ally Bank

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Beach First National Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
vLoan
NMLS ID: 2229
License#: MC-5591
4.078% 4.000% 0.38 $2,345 $1,194 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Beach First National Bank
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Branches

Beach First National Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Beach First National Bank Locations

Financial Details

Beach First National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Beach First National Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Beach First National Bank U.S. Bank Average
146.33% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Beach First National Bank had $62,115,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $25,341,000 in equity and $17,108,000 in loans loss reserves. That gives it a Texas Ratio of 146.33%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Beach First National Bank U.S. Bank Average
-70.47% 8.58

Beach First National Bank has a Return on Equity of -70.47% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Beach First National Bank U.S. Bank Average
4.21% 12.11

Beach First National Bank has a Capitalization of 4.21% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Beach First National Bank Balance Sheet Analysis

As of November 30, -0001, Beach First National Bank had assets of $590,024,000, loans of $485,488,000, and deposits of $516,026,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Beach First National Bank

Branches and Savings

Is Beach First National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34242.

Why does Beach First National Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Beach First National Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Beach First National Bank a commercial bank?

Yes

Where are Beach First National Bank locations?

See branch locations nearby.

Is Beach First National Bank open on Saturdays?

Is Beach First National Bank open on Sundays?

What time does Beach First National Bank open?

What time does Beach First National Bank close?

Are Beach First National Bank ATMs Open 24/7?

Do Beach First National Bank ATMs accept cash deposits?

Can Beach First National Bank customers use other ATMs?

Do Beach First National Bank branches have notaries?

Will Beach First National Bank notarize my document?

What address for Beach First National Bank should I put for incoming ACH transfers?

Will the Beach First National Bank branch print checks?

Do Beach First National Bank checks expire?

Does Beach First National Bank require US citizenship to open account?

Can Beach First National Bank close my account?

Does Beach First National Bank Report to credit bureaus?

Does Beach First National Bank Use Equifax?

What is Beach First National Bank's ACH Routing Number?

What is Beach First National Bank's SWIFT code?

Products

Does Beach First National Bank offer mortgages?

Compare mortgage rates here.

Does Beach First National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Beach First National Bank offer personal loans?

Compare personal loan rates here.

Does Beach First National Bank offer student loans?

Will Beach First National Bank cash a check?

Will Beach First National Bank redeem a savings bond?

Does Beach First National Bank cash savings bonds?

Will Beach First National Bank cash money orders?

Can Beach First National Bank issue a money order?

Does Beach First National Bank do currency exchange?

Background on The Bank

Who owns Beach First National Bank?

How long has Beach First National Bank been around?

Can Beach First National Bank transfer to other banks?

Does Beach First National Bank have quick pay?

Does Beach First National Bank accept rolled coins?

Will Beach First National Bank accept loose change?

Where is Beach First National Bank headquarters?

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