Banks | South State Bank

South State Bank


South State Bank is an FDIC insured institution headquartered at 520 Gervais Street, Columbia, SC 29201.
It was founded in 1934 and has approximately $16 billion in assets. Customers can open an account at one of its 200 branches.

Deposit Rates - November 14, 2024

SAVINGS RATES APY MIN
Savings
0.05% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.15% $10,000 Compare
6 Mo CD
0.15% $100,000 Compare
12 Mo CD
0.35% $10,000 Compare
12 Mo CD
0.35% $100,000 Compare
Special: 13 Mo CD
0.75% $1,000 Compare
18 Mo CD
0.45% $10,000 Compare
18 Mo CD
0.45% $100,000 Compare
Special: 19 Mo CD
0.80% $1,000 Compare
24 Mo CD
0.50% $10,000 Compare
24 Mo CD
0.50% $100,000 Compare
Special: 25 Mo CD
0.90% $1,000 Compare
30 Mo CD
0.50% $10,000 Compare
30 Mo CD
0.50% $100,000 Compare
36 Mo CD
0.50% $10,000 Compare
36 Mo CD
0.50% $100,000 Compare
48 Mo CD
0.50% $10,000 Compare
48 Mo CD
0.55% $100,000 Compare
60 Mo CD
0.55% $10,000 Compare
60 Mo CD
0.55% $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
FIXED IRA RATES APY MIN
Special: 13 Mo FIRA
0.75% $1,000
Special: 19 Mo FIRA
0.80% $1,000
Special: 25 Mo FIRA
0.90% $1,000
INT CHECKING RATES APY MIN
Int Ckg
0.05% $1
Int Ckg
0.05% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 13425
Date Established 1934
Assets $ 15.92 billion
Loans $ 11.43 billion
Deposits $ 12.39 billion
Capital $ 2.38 billion

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 1,162.10 million
Interest-bearing balances $ 902.32 million
Total securities $ 1,971.20 million
Federal funds sold and reverse repurchase $ 100.74 million
Net loans and leases $ 11.43 billion
Loan loss allowance $ 144.79 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 12.84 million
Goodwill and other intangibles $ 1,076.07 million
All other assets $ 569.61 million
     Total Assets $ 14.25 billion

LIABILITIES
Total deposits $ 12.39 billion
      Interest-bearing deposits $ 8.98 billion
      Deposits held in domestic offices $ 12.39 billion
      % insured (estimated) 77.95%
Federal funds purchased and repurchase agreements $ 325.72 million
Trading liabilities N.A.
Other borrowed funds $ 1,200.10 million
Subordinated debt N.A.
All other liabilities $ 334.85 millionn
      Total Liabilities $ 14.25 billion
      Shareholders’ Equity $ 1,663.15 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 147.14 million
Total Interest Expense $ 18.60 million
Net interest income $ 128.55 million
Provision for loan and lease losses $ 34.73 million
Total non interest income $ 49.70 million
Total non interest expense $ 108.85 million
Pre-tax Net Operating Income $ 34.65 million

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South State Bank Locations

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