South Atlantic Bank
Myrtle Beach, SC · Owner: South Atlantic Bancshares, Inc.
$2.0B
total assets, June 30, 2026
$2.0B
total assets, June 30, 2026
South Atlantic Bank is a state nonmember bank based in Myrtle Beach, SC, owned by South Atlantic Bancshares, Inc. (SABK). As of June 30, 2026 it held $2.0 billion in assets and $1.7 billion in deposits; assets were up 6.0% from a year before. It has 12 branches.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$2.0B
+6.0% in a year · +2.6% in a quarter
Deposits
$1.7B
+3.7% in a year · +5.1% in a quarter
Loans
$1.5B
+7.6% in a year · +4.3% in a quarter
Profit so far
$10.4M
Jan 1 to Jun 30, 2026 · +30.0% in a year
Capital ratio
9.42%
+0.68 pts in a year
Return on assets
1.07%
+0.20 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 630 29th Ave N, Myrtle Beach, SC, 29577
- County
- Horry
- Holding company
- South Atlantic Bancshares, Inc. (SABK)
- Established
- Nov 28, 2007
- Employees
- 175
- Branches
- 12
- Website
- southatlantic.bank
- Id
- b58689
Quarter by quarter
December 31, 2007 to June 30, 2026
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.
Branches
12 offices as of June 30, 2026, holding $1.7 billion in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| South Carolina | 12 | $1.7B | 100.0% |
| Largest branches | Place | Deposits |
|---|---|---|
| South Atlantic Bank (main office) | Myrtle Beach, SC | $336M |
| Murrells Inlet Branch | Murrells Inlet, SC | $254M |
| Pawleys Island Office | Pawleys Island, SC | $227M |
| Bluffton Branch | Bluffton, SC | $180M |
| Georgetown Branch | Georgetown, SC | $146M |
| Calhoun Branch | Charleston, SC | $117M |
| Mt. Pleasant Branch | Mount Pleasant, SC | $101M |
| Town Centre Branch | Myrtle Beach, SC | $77.2M |
| North Myrtle Beach Branch | North Myrtle Beach, SC | $76.7M |
| Hilton Head Branch | Hilton Head Island, SC | $64.4M |
Related pages
Questions and answers
How big is South Atlantic Bank?
$2.0 billion in total assets and $1.7 billion in deposits as of June 30, 2026, with assets up 6.0% from a year before. Its loans were $1.5 billion.
How many branches does South Atlantic Bank have?
12 branches in South Carolina as of June 30, 2026.
Is South Atlantic Bank profitable?
Yes: it earned $10.4 million from January 1 to June 30, 2026 (up 30.0% from the same months a year before). Its return on assets was 1.07% a year; about 1% is typical.
Who owns South Atlantic Bank?
South Atlantic Bank is owned by South Atlantic Bancshares, Inc., its holding company, which is listed as SABK.
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.