Coastal Carolina Bancshares, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2017
July 21, 2017 at 12:12 pm
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Coastal Carolina Bancshares, Inc. reported earnings results for the second quarter and six months ended June 30, 2017. The company’s net income for the second quarter ended June 30, 2017, was $397,731, an increase of 38% from the previous quarter net income of $286,693, and an increase of 341% compared to net income of $90,243 for the prior year quarter ending June 30, 2016.
The company reported net income of $684,424, or $0.11 diluted earnings per share, for the six months ended June 30, 2017, compared to $226,781, or $0.09 diluted earnings per share, for the same period ending June 30, 2016, an increase of 202%.
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.
COASTAL CAROLINA BANCSHARES, INC. 