Is First Palmetto Bank Safe?
First Palmetto Bank has a Bank Health Score of 87/100 (A), based on FDIC call report data. Its strongest factor is loan quality (97/100), while profitability is its weakest area (60/100).
Key Data
| Metric | Value | Score |
|---|---|---|
| Tier 1 Capital Ratio | 13.54% | 89/100 |
| Nonperforming Loan Ratio | 0.13% | 97/100 |
| Liquidity Ratio | 25.24% | 81/100 |
| Return on Assets | 1.00% | 60/100 |
| Total Assets | $1.0B | |
How does First Palmetto Bank compare?
With a Bank Health Score of 87/100, First Palmetto Bank sits 17.0 points above the national average of 70/100 for FDIC-insured banks. Within South Carolina, where 38 FDIC-insured banks are headquartered, First Palmetto Bank ranks above the state average of 74/100 (Grade B).
The bank's Tier 1 capital ratio of 13.54% is the federal regulator's headline measure of bank capital strength — it sits comfortably above the 8% "well-capitalized" threshold.Its nonperforming loan ratio of 0.13% is healthy — most loans are current.
What changed in the last year?
Over the last four quarters, First Palmetto Bank's Bank Health Score fell by 1.0 points to 87/100. Tier 1 capital weakened by 0.11 percentage points to 13.54%. Quarter-over-quarter, the score rose by 4.0 points.
First Palmetto Bank has a Bank Health Score of 87/100 (A), based on FDIC call report data. Its strongest factor is loan quality (97/100), while profitability is its weakest area (60/100).