Applications / Mortgage Analytics / Lenders / South Carolina / South Atlantic Bank
Myrtle Beach, SC · State non-member bank · FDIC · $1.9 billion assets · 252 loans in 2025
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252
loans originated, 2025
321
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
South Atlantic Bank of Myrtle Beach makes big loans for a bank of its size: its typical loan of $340,000 is nearly double that of similar banks.
Similar banks (state non-member banks making between half and twice as many loans) made a typical loan of $175,000 in 2025. South Atlantic's loans were larger than at more than nine in ten of them. Of its loans, 11.1% were jumbo (larger than the conforming limit), against 1.4% for its peers. All were conventional, and 69.0% were home purchases.
Only 16.3% of its loans went to low- and moderate-income (LMI) borrowers, against 28.1% at its peers, lower than about nine in ten of them. Its loan sizes may be one reason, since people borrowing that much tend to earn more. The share did rise from 7.9% in 2024.
In Myrtle Beach, its largest market, it ranks 26 of 543 lenders, but its share fell from 1.3% to 1.1%. Faster growth by other lenders there could explain it, or more of its lending going to Hilton Head and Charleston, where its shares rose. DHI Mortgage Company leads that market. In Hilton Head its share rose from 0.4% to 1.0%, putting it 24 of 489.
Its loans rose 12%, a little faster than similar banks (9%) and the whole market (10%). It turned down 3.0% of first-lien home-purchase applications, against 4.8% at the typical peer, lower than about seven in ten of them.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. South Atlantic Bank took 321 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 69.0% · Refinance 29.0% · Other 1.6% · Home improvement 0.4%
Conventional 100.0% · of 252 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| South Carolina | 238 | 94.4% |
| North Carolina | 13 | 5.2% |
| Florida | 1 | 0.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Myrtle Beach-Conway-North Myrtle Beach | 123 |
| Charleston-North Charleston | 36 |
| Hilton Head Island-Bluffton-Port Royal | 34 |
| Wilmington | 11 |
| Charlotte-Concord-Gastonia | 2 |
| Florence | 2 |
| Augusta-Richmond County | 1 |
| Columbia | 1 |
| Jacksonville | 1 |
| Spartanburg | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493003I223S7AP6XL58 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3637247 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 358689 | 2009–2017 |
Established 28 November 2007. Reported under HMDA 2009-2025.
Mergers, name changes, data editions and corrections: South Atlantic Bank's data.
South Atlantic Bank's data
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South Atlantic Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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