Banks | First Palmetto Bank

First Palmetto Bank


First Palmetto Bank is an FDIC insured institution headquartered at 407 E Dekalb St, Camden, SC 29020.
It was founded in 1904 and has approximately $1 billion in assets. Customers can open an account at one of its 23 branches.

Deposit Rates - December 22, 2024

SAVINGS RATES APY MIN
Savings
0.02% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.30% $10,000 Compare
6 Mo CD
0.30% $100,000 Compare
12 Mo CD
0.40% $10,000 Compare
12 Mo CD
0.40% $100,000 Compare
18 Mo CD
0.25% $10,000 Compare
18 Mo CD
0.25% $100,000 Compare
24 Mo CD
0.25% $10,000 Compare
24 Mo CD
0.25% $100,000 Compare
30 Mo CD
0.20% $10,000 Compare
30 Mo CD
0.20% $100,000 Compare
36 Mo CD
0.20% $10,000 Compare
36 Mo CD
0.20% $100,000 Compare
MM RATES APY MIN
Money Market
0.05% $2,500 Compare
Money Market
0.10% $10,000 Compare
Money Market
0.15% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.01% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 28396
Date Established 1904
Assets $ 950.50 million
Loans $ 679.06 million
Deposits $ 858.83 million
Capital $ 87.48 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 156.68 million
Interest-bearing balances $ 146.13 million
Total securities $ 83.27 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 679.06 million
Loan loss allowance $ 11.84 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.14 million
All other assets $ 5.41 million
     Total Assets $ 863.02 million

LIABILITIES
Total deposits $ 858.83 million
      Interest-bearing deposits $ 688.51 million
      Deposits held in domestic offices $ 858.83 million
      % insured (estimated) 76.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 2.60 millionn
      Total Liabilities $ 863.02 million
      Shareholders’ Equity $ 87.48 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 21.73 million
Total Interest Expense $ 8.80 million
Net interest income $ 12.93 million
Provision for loan and lease losses N.A.
Total non interest income $ 2.86 million
Total non interest expense $ 11.16 million
Pre-tax Net Operating Income $ 6.78 million

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First Palmetto Bank Locations

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