Coastal Carolina Bancshares : CCNB Statement of Condition (Unaudited) 6.30.2022
August 08, 2022 at 09:36 pm
Share
Coastal Carolina Bancshares, Inc.
Consolidated Company
Balance Sheet
(UNAUDITED)
Consolidated
June 30, 2022
December 31, 2021
Assets
Cash and due from banks
$
6,387,476
$
4,983,643
Federal funds sold
6,598,074
944,032
Interest-bearing bank deposits
93,736,291
166,336,376
Securities
111,174,736
91,103,698
Loans held for sale
760,770
4,169,318
Portfolio loans:
Construction:
1-4 family
16,898,312
14,395,050
Other
-
-
Total construction
16,898,312
14,395,050
Farmland
4,760,551
4,825,802
Land acquisition and development
60,045,919
33,002,991
Total construction and land development
81,704,781
52,223,843
1-4 family residential
140,456,066
117,219,271
Home equity
16,535,846
16,023,066
Other real estate:
Multifamily
30,404,900
20,067,522
Owner occupied non-residential
88,813,655
83,178,355
Non-owner occupied non-residential
115,967,002
106,131,967
Total other real estate
235,185,556
209,377,844
Total real estate loans
473,882,250
394,844,024
Commercial and industrial
61,246,667
55,829,461
Loans to Farmers
-
-
Consumer and other
17,317,376
13,316,128
Total portfolio loans
552,446,293
463,989,613
Deferred loan fees, net of costs
(452,240)
(885,244)
Allowance for loan losses
(5,536,596)
(5,011,896)
Portfolio loans, net
546,457,457
458,092,473
Premise and equipment, net
11,851,087
12,034,010
Accrued interest receivable
2,182,427
1,855,678
Other real estate owned
-
-
Goodwill
2,991,535
2,991,535
Deferred tax asset
2,396,919
2,365,306
Core Deposit Intangible
253,018
282,161
Other assets
16,685,168
14,303,732
Total assets
$
801,474,958
$
759,461,962
Liabilities
Deposits:
Noninterest bearing checking
$
155,140,825
$
123,257,023
Interest-bearing checking
136,818,739
119,651,567
Money market accounts
303,116,041
303,040,347
Savings
22,611,647
19,154,098
Certificates of deposit < $250,000
67,309,119
81,700,168
Certificates of deposit ≥ $250,000
31,074,144
36,434,662
QwickRate CDs
1,225,000
1,225,000
Total deposits
717,295,516
684,462,865
Accrued interest payable
46,035
48,692
Federal funds purchased
-
-
Other borrowings
25,000,000
10,000,000
Deferred tax liability
-
-
Accrued expenses and other liabilities
5,241,958
5,472,077
Total liabilities
747,583,509
699,983,633
Shareholders' Equity
Common stock
62,704
61,819
Surplus
46,559,309
46,473,576
Retained earnings (loss)
11,069,528
4,830,899
YTD Income (loss)
2,859,227
6,238,629
Accumulated other comprehensive income (loss)
(6,659,318)
1,873,405
Total shareholders' equity
53,891,449
59,478,329
Total liabilities & shareholders' equity
$
801,474,958
$
759,461,962
Book value per share (1)
$
8.75
$
9.67
Tangible Book Value per share (1)
$
8.23
$
9.13
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Disclaimer
Coastal Carolina Bancshares Inc. published this content on 08 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 01:35:08 UTC.
Coastal Carolina Bancshares, Inc. is the bank holding company of Coastal Carolina National Bank (the Bank). The Bank is a nationally chartered commercial bank. The Bank is a locally operated financial institution focused on providing personalized service. The principal business activity of the Bank is to provide banking services to domestic markets, principally in Horry, Georgetown, Aiken, Richland, Greenville, Spartanburg, and Brunswick (NC) counties. The Bank offers a range of banking services designed to meet the specific needs of individuals and small and medium-sized businesses. The Bankâs loan portfolio consists of loans to individuals and businesses for various personal and commercial purposes primarily in its respective markets. The Bankâs loan portfolio includes construction and land development, real estate-residential, real estate-non-residential, commercial and industrial, and consumer and other. The Bank also has branches in Garden City, North Myrtle Beach, and others.