Coastal Carolina National Bank

Headquarters

1012 38th Ave N
Myrtle Beach, SC 29577
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 0.91% →
1-Year CD 0.60% 0.85% →
2-Year CD 0.70% 0.95% →
5-Year CD 0.85% 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Coastal Carolina National Bank is an FDIC insured institution located in Myrtle Beach, SC. It was founded in 2009 and has approximately $0.48 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 58864
Date Established 2009
Assets $ 477.40 million
Loans $ 369.70 million
Deposits $ 425.24 million
Capital $ 47.22 million
 

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

Deposit Rates - December 2, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
Premium Money Market Account
0.15% $10,000 $14,999 Learn More
Premium Money Market Account
0.25% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.30% $10,000 $14,999 Learn More
3 Mo CD
0.30% $100,000 $199,999 Learn More
6 Mo CD
0.45% $10,000 $14,999 Learn More
6 Mo CD
0.45% $100,000 $199,999 Learn More
12 Mo CD
0.60% $10,000 $14,999 Learn More
12 Mo CD
0.60% $100,000 $199,999 Learn More
18 Mo CD
0.65% $10,000 $14,999 Learn More
18 Mo CD
0.65% $100,000 $199,999 Learn More
24 Mo CD
0.70% $10,000 $14,999 Learn More
24 Mo CD
0.70% $100,000 $199,999 Learn More
30 Mo CD
0.70% $10,000 $14,999 Learn More
30 Mo CD
0.70% $100,000 $199,999 Learn More
36 Mo CD
0.80% $10,000 $14,999 Learn More
36 Mo CD
0.80% $100,000 $199,999 Learn More
48 Mo CD
0.80% $10,000 $14,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
0.85% $10,000 $14,999 Learn More
60 Mo CD
0.85% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $99 Learn MoreShow Less
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - December 2, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Coastal Carolina National Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
2.550% 2.500% 0.63 $1,655 $988 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.583% 2.500% 0.88 $2,728 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to Coastal Carolina National Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Coastal Carolina 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:
Fairfield,Connecticut


Coastal Carolina National Bank Locations


Financial Details

Coastal Carolina National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Coastal Carolina 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
Coastal Carolina National Bank U.S. Bank Average
3.11% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Coastal Carolina National Bank had $1,567,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $47,223,000 in equity and $3,101,000 in loans loss reserves. That gives it a Texas Ratio of 3.11%.

Return on Equity
Coastal Carolina National Bank U.S. Bank Average
6.79% 7.80%

Coastal Carolina National Bank has a Return on Equity of 6.79% versus the BestCashCow average of 7.80%. 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
Coastal Carolina National Bank U.S. Bank Average
9.89% 12.68%

Coastal Carolina National Bank has a Capitalization of 9.89% versus the BestCashCow average of 12.68. 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.

Coastal Carolina National Bank Balance Sheet Analysis

As of March 31, 2020, Coastal Carolina National Bank had assets of $477,398,000, loans of $369,703,000, and deposits of $425,241,000. 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.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 48.91 million
Interest-bearing balances $ 42.52 million
Total securities $ 30.98 million
Federal funds sold and reverse repurchase $ 0.29 million
Net loans and leases $ 369.70 million
Loan loss allowance $ 3.10 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 3.40 million
All other assets $ 10.59 million
     Total Assets $ 430.18 million
LIABILITIES
Total deposits $ 425.24 million
      Interest-bearing deposits $ 364.92 million
      Deposits held in domestic offices $ 425.24 million
      % insured (estimated) 64.46%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 3.59 million
Subordinated debt N.A.
All other liabilities $ 1.34 million
      Total Liabilities $ 430.18 million
      Shareholders’ Equity $ 47.22 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.02 million
Total Interest Expense $ 1.15 million
Net interest income $ 3.87 million
Provision for loan and lease losses $ 0.22 million
Total non interest income $ 0.57 million
Total non interest expense $ 3.22 million
Pre-tax Net Operating Income $ 1.01 million

Bank Loan Profile?

The top three loan types in Coastal Carolina National Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in South Carolina, Coastal Carolina National Bank has a significantly higher percent of Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

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 29.59
Multifamily
Mortgages
3.39
Credit Card Loans 0.00
Consumer Auto Loans 0.18
Small Business Loans 0.00
Construction and Development Loans 10.08
Commercial Real Estate 43.93
Commercial and Industrial Loans 9.37
Farm Loans 0.00

Frequently Asked Questions About Coastal Carolina National Bank

Branches and Savings

Is Coastal Carolina National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58864.

Why does Coastal Carolina 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 Coastal Carolina National Bank CD rates not competitive?

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

Is Coastal Carolina National Bank a commercial bank?

Yes

Where are Coastal Carolina National Bank locations?

See branch locations nearby.

Is Coastal Carolina National Bank open on Saturdays?

Is Coastal Carolina National Bank open on Sundays?

What time does Coastal Carolina National Bank open?

What time does Coastal Carolina National Bank close?

Are Coastal Carolina National Bank ATMs Open 24/7?

Do Coastal Carolina National Bank ATMs accept cash deposits?

Can Coastal Carolina National Bank customers use other ATMs?

Do Coastal Carolina National Bank branches have notaries?

Will Coastal Carolina National Bank notarize my document?

What address for Coastal Carolina National Bank should I put for incoming ACH transfers?

Will the Coastal Carolina National Bank branch print checks?

Do Coastal Carolina National Bank checks expire?

Does Coastal Carolina National Bank require US citizenship to open account?

Can Coastal Carolina National Bank close my account?

Does Coastal Carolina National Bank Report to credit bureaus?

Does Coastal Carolina National Bank Use Equifax?

What is Coastal Carolina National Bank's ACH Routing Number?

What is Coastal Carolina National Bank's SWIFT code?

Products

Does Coastal Carolina National Bank offer mortgages?

Compare mortgage rates here.

Does Coastal Carolina National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Coastal Carolina National Bank offer personal loans?

Compare personal loan rates here.

Does Coastal Carolina National Bank offer student loans?

Will Coastal Carolina National Bank cash a check?

Will Coastal Carolina National Bank redeem a savings bond?

Does Coastal Carolina National Bank cash savings bonds?

Will Coastal Carolina National Bank cash money orders?

Can Coastal Carolina National Bank issue a money order?

Does Coastal Carolina National Bank do currency exchange?

Background on The Bank

Who owns Coastal Carolina National Bank?

How long has Coastal Carolina National Bank been around?

Can Coastal Carolina National Bank transfer to other banks?

Does Coastal Carolina National Bank have quick pay?

Does Coastal Carolina National Bank accept rolled coins?

Will Coastal Carolina National Bank accept loose change?

Where is Coastal Carolina National Bank headquarters?

Customer Reviews for Coastal Carolina National Bank

There are currently no comments for Coastal Carolina National Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →