South Atlantic Bancshares, Inc. (SABK)

South Atlantic Bancshares Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	90.12	61.37	37.2	15.85	95.38	40.68
Investment Securities	288.57	188.35	208.19	209.88	208.2	95.49
Trading Asset Securities	-	-	-	-	10.06	-
Mortgage-Backed Securities	-	105.34	105.49	107.67	115.97	29.74
Total Investments	288.57	293.69	313.68	317.54	334.23	125.23
Gross Loans	1,427	1,339	1,185	1,004	735.63	688.97
Allowance for Loan Losses	-13.16	-11.7	-10.36	-10.11	-8.16	-6.82
Other Adjustments to Gross Loans	-	-0.23	-0.77	-1.68	-1.74	-2.08
Net Loans	1,413	1,327	1,174	992.52	725.74	680.07
Property, Plant & Equipment	29.39	36.48	30.33	27.05	27.35	28.22
Goodwill	5.35	5.35	5.35	5.35	5.35	5.35
Other Intangible Assets	0.1	0.18	0.3	0.45	0.64	0.86
Loans Held for Sale	1.62	1.18	0.95	0.68	9.69	36.68
Accrued Interest Receivable	-	6.7	6.33	4.9	3.65	2.85
Long-Term Deferred Tax Assets	-	10.89	11.16	12.32	3.06	1.32
Other Long-Term Assets	62.84	38.21	37.35	32.28	26.4	24.65
Total Assets	1,891	1,787	1,622	1,410	1,232	946.54
Interest Bearing Deposits	1,241	1,059	899.08	785.79	688.21	538.18
Institutional Deposits	-	86.74	63.09	59.56	47.37	51.36
Non-Interest Bearing Deposits	347.47	315.07	331.93	371.41	346.53	245.32
Total Deposits	1,589	1,461	1,294	1,217	1,082	834.85
Short-Term Borrowings	-	0.97	2.5	-	-	-
Current Portion of Long-Term Debt	-	100	100	-	-	-
Current Portion of Leases	-	1.08	-	-	0.84	-
Accrued Interest Payable	-	3.54	0.48	0.15	0.06	0.05
Long-Term Debt	149.86	30	30	30	30	-
Long-Term Leases	-	7.98	8.46	7.25	6.94	7.87
Pension & Post-Retirement Benefits	-	-	-	4.83	3.79	2.45
Other Long-Term Liabilities	24.24	69.16	83.76	60.07	2.7	3.5
Total Liabilities	1,763	1,673	1,519	1,319	1,126	848.72
Common Stock	77.64	7.57	7.61	7.6	7.58	7.51
Additional Paid-In Capital	-	71.5	71.69	71.58	71.17	70.7
Retained Earnings	68.67	58.01	48.71	39.45	27.35	16.51
Treasury Stock	-	-0.32	-0.32	-0.27	-0.21	-0.46
Comprehensive Income & Other	-17.71	-22.98	-24.73	-27.82	-0.38	3.57
Shareholders' Equity	128.6	113.77	102.95	90.54	105.51	97.82
Total Liabilities & Equity	1,891	1,787	1,622	1,410	1,232	946.54
Total Debt	149.86	140.03	140.96	37.25	37.78	7.87
Net Cash (Debt)	-59.74	-78.66	-103.76	-21.4	67.66	32.81
Net Cash Growth	-	-	-	-	106.21%	768.06%
Net Cash Per Share	-7.78	-10.27	-13.64	-2.79	8.89	4.36
Filing Date Shares Outstanding	7.47	7.53	7.58	7.55	7.56	7.46
Total Common Shares Outstanding	7.47	7.53	7.58	7.55	7.56	7.46
Book Value Per Share	17.22	15.12	13.57	11.99	13.96	13.11
Tangible Book Value	123.14	108.25	97.31	84.74	99.52	91.61
Tangible Book Value Per Share	16.49	14.38	12.83	11.22	13.17	12.27

Source: S&P Global Market Intelligence. Banks template. Financial Sources.