Sandhills Bank


1020 Highway 17 North
North Myrtle Beach, SC 29582
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Notable Rates APY Vs.Others
Savings N.A. 1.40% →
1-Year CD N.A. 1.15% →
2-Year CD N.A. 1.26% →
5-Year CD N.A. 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Sandhills Bank is an FDIC insured institution located in North Myrtle Beach, SC. It was founded in 1959 and has approximately $0.19 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 17953
Date Established 1959
Assets $ 193.04 million
Loans $ 145.11 million
Deposits $ 162.56 million
Capital $ 19.25 million

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

Deposit Rates - July 3, 2020

Your Current Location: Connecticut, CT 06828

Loan Rates - July 3, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Sandhills 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

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NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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People's United Bank, N.A.
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4.000 %
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3.750 %
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Note to Sandhills Bank
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Financial Details

Sandhills Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Sandhills 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
Sandhills Bank U.S. Bank Average
3.6% 6.51%

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 December 31, 2019, Sandhills Bank had $740,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $19,254,000 in equity and $1,285,000 in loans loss reserves. That gives it a Texas Ratio of 3.6%.

Return on Equity
Sandhills Bank U.S. Bank Average
3.73% 9.41%

Sandhills Bank has a Return on Equity of 3.73% versus the BestCashCow average of 9.41%. 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.

Sandhills Bank U.S. Bank Average
9.97% 12.82%

Sandhills Bank has a Capitalization of 9.97% versus the BestCashCow average of 12.82. 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.

Sandhills Bank Balance Sheet Analysis

As of December 31, 2019, Sandhills Bank had assets of $193,039,000, loans of $145,105,000, and deposits of $162,558,000. 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

December 31, 2019
Cash & Balances due from depository institutions $ 8.11 million
Interest-bearing balances $ 6.38 million
Total securities $ 19.30 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 145.11 million
Loan loss allowance $ 1.29 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.78 million
All other assets $ 3.70 million
     Total Assets $ 173.79 million
Total deposits $ 162.56 million
      Interest-bearing deposits $ 148.06 million
      Deposits held in domestic offices $ 162.56 million
      % insured (estimated) 93.34%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 10.50 million
Subordinated debt N.A.
All other liabilities $ 0.73 million
      Total Liabilities $ 173.79 million
      Shareholders’ Equity $ 19.25 million

Summary Income Statement

December 31, 2019
Total Interest Income $ 7.96 million
Total Interest Expense $ 2.03 million
Net interest income $ 5.93 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.96 million
Total non interest expense $ 6.02 million
Pre-tax Net Operating Income $ 0.87 million

Bank Loan Profile?

The top three loan types in Sandhills Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks, Sandhills 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 49.96
Credit Card Loans 0.00
Consumer Auto Loans 0.29
Small Business Loans 13.61
Construction and Development Loans 11.04
Commercial Real Estate 31.30
Commercial and Industrial Loans 5.74
Farm Loans 0.00

Frequently Asked Questions About Sandhills Bank

Branches and Savings

Is Sandhills Bank FDIC insured?

Yes. It is covered under FDIC Certificate #17953.

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

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

Why are Sandhills Bank CD rates not competitive?

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

Is Sandhills Bank a commercial bank?


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Does Sandhills Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Sandhills Bank offer personal loans?

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Background on The Bank

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