Beach First National Bank
Myrtle Beach, SC · Owner: Beach 1st Natl Bancshares Inc
$590M
total assets, March 31, 2010
$590M
total assets, March 31, 2010
Beach First National Bank was a national bank in Myrtle Beach, SC, owned by Beach 1st Natl Bancshares Inc. It failed on Apr 9, 2010, and Bank Of North Carolina took over its deposits. At its last report it held $590.0 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2010
This bank failed
- Failed on
- Apr 9, 2010
- Assets
- $590M
- Deposits
- $521M
- Estimated cost
- $165M
- Deposits went to
- Bank Of North Carolina, Thomasville, NC
Total assets
$590M
-17.8% in a year · -2.0% in a quarter
Deposits
$521M
-13.1% in a year · +1.0% in a quarter
Loans
$476M
-17.4% in a year · -5.3% in a quarter
Profit so far
-$17.4M
Jan 1 to Mar 31, 2010
Capital ratio
1.32%
-6.03 pts in a year
Return on assets
-11.68%
-8.87 pts in a year
Facts
- Type
- National bank
- Head office
- 3751 Robert M. Grissom Parkway Suite 100, Myrtle Beach, SC, 29577
- County
- Horry
- Holding company
- Beach 1st Natl Bancshares Inc
- Established
- Sep 23, 1996
- Failed
- Apr 9, 2010
- Employees
- 91
- Branches
- 7
- Id
- b34242
Quarter by quarter
September 30, 1996 to March 31, 2010
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Beach First National Bank?
$590.0 million in total assets and $521.1 million in deposits as of March 31, 2010, with assets down 17.8% from a year before. Its loans were $475.8 million.
How many branches does Beach First National Bank have?
7 branches in South Carolina as of June 30, 2026.
Is Beach First National Bank profitable?
No: it lost $17.4 million from January 1 to March 31, 2010. Its return on assets was -11.68% a year; about 1% is typical.
Who owns Beach First National Bank?
Beach First National Bank is owned by Beach 1st Natl Bancshares Inc, its holding company.
When did Beach First National Bank fail?
Apr 9, 2010. Bank Of North Carolina of Thomasville, NC took over its deposits. The estimated cost of the failure was $164.6 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.