CresCom Bank


288 Meeting Street
Charleston, SC 29401
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.30% 0.85% →
1-Year CD 0.65% 0.80% →
2-Year CD 0.80% 0.80% →
5-Year CD 0.90% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

CresCom Bank is an FDIC insured institution located in Charleston, SC. It was founded in 2001 and has approximately $4.8 billion in assets. Customers can open an account at one of its 63 branches.

FDIC Insured Yes
FDIC Certificate # 57135
Date Established 2001
Assets $ 4.71 billion
Loans $ 3.21 billion
Deposits $ 3.59 billion
Capital $ 780.03 million

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

Deposit Rates - September 27, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.30% $2,500 $4,999 Learn More
0.10% $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
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.65% $10,000 $14,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.65% $100,000 $199,999 Learn More
12 Mo CD
0.45% $100,000 $199,999 Learn More
18 Mo CD
0.70% $10,000 $14,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.70% $100,000 $199,999 Learn More
18 Mo CD
0.55% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More
24 Mo CD
0.55% $100,000 $199,999 Learn More
30 Mo CD
0.75% $10,000 $14,999 Learn More
30 Mo CD
0.80% $100,000 $199,999 Learn More
36 Mo CD
0.80% $10,000 $14,999 Learn More
36 Mo CD
0.75% $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
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
0.80% $10,000 $14,999 Learn More
60 Mo CD
0.85% $10,000 $14,999 Learn More
60 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
0.90% $100,000 $199,999 Learn More

Variable IRA Rates APY MIN MAX
0.10% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 27, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for CresCom 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 2021

Lender APR Rate (%) Monthly
Learn More
Morty, Inc.
NMLS ID: 1429243
2.696% 2.625%
0.88 points
$2,340 fees
$1,005 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

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

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CresCom Bank Locations

Financial Details

CresCom Bank Ratio Analysis

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

Texas Ratio
CresCom Bank U.S. Bank Average
3.77% 5.29%

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, 2021, CresCom Bank had $27,673,000 in non-current loans and $2,490,000 in owned real estate. To cover these potential losses it had $780,027,000 in equity and $19,517,000 in loans loss reserves. That gives it a Texas Ratio of 3.77%.

Return on Equity
CresCom Bank U.S. Bank Average
9.92% 11.43%

CresCom Bank has a Return on Equity of 9.92% versus the BestCashCow average of 11.43%. 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.

CresCom Bank U.S. Bank Average
16.56% 11.51%

CresCom Bank has a Capitalization of 16.56% versus the BestCashCow average of 11.51. 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.

CresCom Bank Balance Sheet Analysis

As of March 31, 2020, CresCom Bank had assets of $4,801,769,000, loans of $3,209,898,000, and deposits of $3,586,173,000. 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, 2021
Cash & Balances due from depository institutions $ 294.09 million
Interest-bearing balances $ 230.38 million
Total securities $ 829.85 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.21 billion
Loan loss allowance $ 19.52 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.49 million
Goodwill and other intangibles $ 223.64 million
All other assets $ 156.49 million
     Total Assets $ 4.02 billion
Total deposits $ 3.59 billion
      Interest-bearing deposits $ 3.36 billion
      Deposits held in domestic offices $ 3.59 billion
      % insured (estimated) 78.38%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 402.20 million
Subordinated debt N.A.
All other liabilities $ 33.37 million
      Total Liabilities $ 4.02 billion
      Shareholders’ Equity $ 687.99 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 50.69 million
Total Interest Expense $ 9.24 million
Net interest income $ 41.45 million
Provision for loan and lease losses $ 2.97 million
Total non interest income $ 11.05 million
Total non interest expense $ 31.82 million
Pre-tax Net Operating Income $ 17.71 million

Bank Loan Profile?

The top three loan types in CresCom 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, CresCom Bank has a significantly higher percent of Small Business Loans, Construction and Development Loans, 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 28.61
Credit Card Loans 0.00
Consumer Auto Loans 0.11
Small Business Loans 13.01
Construction and Development Loans 13.71
Commercial Real Estate 40.59
Commercial and Industrial Loans 13.16
Farm Loans 0.07

Frequently Asked Questions About Crescom Bank

Branches and Savings

Is Crescom Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57135.

Why does Crescom Bank pay such low interest on savings accounts?

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

Why are Crescom Bank CD rates not competitive?

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

Is Crescom Bank a commercial bank?


Where are Crescom Bank locations?

See branch locations nearby.

Is Crescom Bank open on Saturdays?

Is Crescom Bank open on Sundays?

What time does Crescom Bank open?

What time does Crescom Bank close?

Are Crescom Bank ATMs Open 24/7?

Do Crescom Bank ATMs accept cash deposits?

Can Crescom Bank customers use other ATMs?

Do Crescom Bank branches have notaries?

Will Crescom Bank notarize my document?

What address for Crescom Bank should I put for incoming ACH transfers?

Will the Crescom Bank branch print checks?

Do Crescom Bank checks expire?

Does Crescom Bank require US citizenship to open account?

Can Crescom Bank close my account?

Does Crescom Bank Report to credit bureaus?

Does Crescom Bank Use Equifax?

What is Crescom Bank's ACH Routing Number?

What is Crescom Bank's SWIFT code?


Does Crescom Bank offer mortgages?

Compare mortgage rates here.

Does Crescom Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Crescom Bank offer personal loans?

Compare personal loan rates here.

Does Crescom Bank offer student loans?

Will Crescom Bank cash a check?

Will Crescom Bank redeem a savings bond?

Does Crescom Bank cash savings bonds?

Will Crescom Bank cash money orders?

Can Crescom Bank issue a money order?

Does Crescom Bank do currency exchange?

Background on The Bank

Who owns Crescom Bank?

How long has Crescom Bank been around?

Can Crescom Bank transfer to other banks?

Does Crescom Bank have quick pay?

Does Crescom Bank accept rolled coins?

Will Crescom Bank accept loose change?

Where is Crescom Bank headquarters?

Customer Reviews for CresCom Bank

  • July 30, 2020 |

    Awful bank

  • February 27, 2020

    Horrible bank. Terrible customer service at every single branch I have visited or contacted and online banking so limited. I miss First South Bank sooo much. They were amazing and CresCom just plain sucks all around

  • August 15, 2019 |

    Worst bank I've ever used. If you want unnecessary limits and only want to have access to your money Monday-Friday 8:30am-5:00pm then this is the bank for you! And don't even think about shopping online or traveling out of your home state! They will shut down your card and if that happens on Friday evening it means you won't have any money until Monday morning. The people that make and administer the policies of this bank are absolute idiots.

  • April 1, 2019 |

    CDs 8 Month Rates

    great service good rates on cd's

  • August 31, 2018

    I have banked with them for 2 years and never had an issue until I went in one day and asked about a small auto loan. I own my house, I own 2 other vehicles, and had more money in the bank than I was trying to borrow. I asked about taking out a short term loan for $2000 for the sole purpose of building my credit. I then listened to the lady talk about a home equity line for 30 minutes, only to be told at the end that my credit score of 645 was not good enough to get me any kind of loan with their bank .... even with a co-signer who had perfect credit. I was appauled. I understand that my credit score is only "fair" and that they must factor this into their decision. However, common sense has to be a factor as well. If someone signed with me who has a credit score of 820, and I had the title in hand to a car worth $10,000 ..... there is absolutely NO REASON why this bank should have denied me access to a $2000 loan. I was told they DO NOT LOAN MONEY TO ANYONE, UNDER ANY CIRCUMSTANCES, UNLESS THEY HAVE A CREDIT SCORE OF 660 OR ABOVE. I left there, drove down the street to my former bank, BB&T, and had no issue getting a loan for the $2000 using my other car as collateral .... with my credit score of 645. So, I pulled all of my money out of this "SNOOTY" bank and put it in an account with BB&T ...... I HIGHLY RECCOMEND EVERYONE ELSE DO THE SAME. If I could, I would give them 0 stars.

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