SOUTH ATLANTIC BANK
MYRTLE BEACH, SOUTH CAROLINA · FDIC Cert #58689
Capital & Safety Analysis
According to FDIC financial data, SOUTH ATLANTIC BANK holds a Tier 1 capital ratio of 11.55%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning SOUTH ATLANTIC BANK has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
SOUTH ATLANTIC BANK shows strong financial health indicators. With $1.7B in assets and a Health Score of 81/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
Frequently Asked Questions
SOUTH ATLANTIC BANK has a Bank Health Score of A (81/100). It holds a Tier 1 capital ratio of 11.55%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
SOUTH ATLANTIC BANK holds $1.7B in total assets and $1.4B in total deposits. It is located in MYRTLE BEACH, SOUTH CAROLINA (FDIC Certificate #58689).
SOUTH ATLANTIC BANK has a Tier 1 capital ratio of 11.55%, classifying it as "Well-Capitalized." The nonperforming loan ratio is 0.00%, and the return on assets is 0.75%.
Yes. SOUTH ATLANTIC BANK is FDIC-insured (Certificate #58689). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically regain access to funds within two business days.