South Atlantic Bancshares Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	68.97	61.37	37.2	15.85	95.38
Investment Securities	193.34	188.37	208.19	209.88	208.2
Trading Asset Securities	-	-	-	-	10.06
Mortgage-Backed Securities	91.2	105.34	105.49	107.67	115.97
Total Investments	284.54	293.71	313.68	317.54	334.23
Gross Loans	1,466	1,339	1,185	1,004	735.63
Allowance for Loan Losses	-13.72	-11.7	-10.36	-10.11	-8.16
Other Adjustments to Gross Loans	-	-0.23	-0.77	-1.68	-1.74
Net Loans	1,453	1,327	1,174	992.52	725.74
Property, Plant & Equipment	37.32	36.48	30.33	27.05	27.35
Goodwill	5.35	5.35	5.35	5.35	5.35
Other Intangible Assets	0.08	0.18	0.3	0.45	0.64
Loans Held for Sale	7.29	1.18	0.95	0.68	9.69
Accrued Interest Receivable	7.45	6.7	6.33	4.9	3.65
Long-Term Deferred Tax Assets	8.83	10.89	11.16	12.32	3.06
Other Long-Term Assets	40.02	38.21	37.35	32.28	26.4
Total Assets	1,920	1,787	1,622	1,410	1,232
Interest Bearing Deposits	1,101	1,059	899.08	785.79	688.21
Institutional Deposits	127.99	86.74	63.09	59.56	47.37
Non-Interest Bearing Deposits	324.85	315.07	331.93	371.41	346.53
Total Deposits	1,554	1,461	1,294	1,217	1,082
Short-Term Borrowings	1.12	0.97	2.5	-	-
Current Portion of Long-Term Debt	122	100	100	-	-
Current Portion of Leases	1.12	-	-	-	0.84
Accrued Interest Payable	0.88	3.54	0.48	0.15	0.06
Long-Term Debt	30	30	30	30	30
Long-Term Leases	7.12	9.06	8.46	7.25	6.94
Pension & Post-Retirement Benefits	-	-	-	4.83	3.79
Other Long-Term Liabilities	68.51	69.16	83.76	60.07	2.7
Total Liabilities	1,785	1,673	1,519	1,319	1,126
Common Stock	7.58	7.57	7.61	7.6	7.58
Additional Paid-In Capital	70.28	71.5	71.69	71.58	71.17
Retained Earnings	73.43	58.01	48.71	39.45	27.35
Treasury Stock	-0.02	-0.32	-0.32	-0.27	-0.21
Comprehensive Income & Other	-16.7	-22.98	-24.73	-27.82	-0.38
Shareholders' Equity	134.57	113.77	102.95	90.54	105.51
Total Liabilities & Equity	1,920	1,787	1,622	1,410	1,232
Total Debt	161.36	140.03	140.96	37.25	37.78
Net Cash (Debt)	-92.38	-78.66	-103.76	-21.4	67.66
Net Cash Growth	-	-	-	-	106.21%
Net Cash Per Share	-12.01	-10.27	-13.64	-2.79	8.89
Filing Date Shares Outstanding	7.58	7.53	7.58	7.55	7.56
Total Common Shares Outstanding	7.58	7.53	7.58	7.55	7.56
Book Value Per Share	17.76	15.12	13.57	11.99	13.96
Tangible Book Value	129.13	108.25	97.31	84.74	99.52
Tangible Book Value Per Share	17.05	14.38	12.83	11.22	13.17

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