Coastal Carolina Bancshares : CCNB Statement of Condition (Unaudited) 6.30.2022

Coastal Carolina Bancshares, Inc.

Consolidated Company

Balance Sheet

(UNAUDITED)

		Consolidated
		June 30, 2022		December 31, 2021
Assets
Cash and due from banks	$	6,387,476	$	4,983,643
Federal funds sold		6,598,074		944,032
Interest-bearing bank deposits		93,736,291		166,336,376
Securities		111,174,736		91,103,698
Loans held for sale		760,770		4,169,318
Portfolio loans:
Construction:
1-4 family		16,898,312		14,395,050
Other		-		-
Total construction		16,898,312		14,395,050
Farmland		4,760,551		4,825,802
Land acquisition and development		60,045,919		33,002,991
Total construction and land development		81,704,781		52,223,843
1-4 family residential		140,456,066		117,219,271
Home equity		16,535,846		16,023,066
Other real estate:
Multifamily		30,404,900		20,067,522
Owner occupied non-residential		88,813,655		83,178,355
Non-owner occupied non-residential		115,967,002		106,131,967
Total other real estate		235,185,556		209,377,844
Total real estate loans		473,882,250		394,844,024
Commercial and industrial		61,246,667		55,829,461
Loans to Farmers		-		-
Consumer and other		17,317,376		13,316,128
Total portfolio loans		552,446,293		463,989,613
Deferred loan fees, net of costs		(452,240)		(885,244)
Allowance for loan losses		(5,536,596)		(5,011,896)
Portfolio loans, net		546,457,457		458,092,473
Premise and equipment, net		11,851,087		12,034,010
Accrued interest receivable		2,182,427		1,855,678
Other real estate owned		-		-
Goodwill		2,991,535		2,991,535
Deferred tax asset		2,396,919		2,365,306
Core Deposit Intangible		253,018		282,161
Other assets		16,685,168		14,303,732
Total assets	$	801,474,958	$	759,461,962
Liabilities
Deposits:
Noninterest bearing checking	$	155,140,825	$	123,257,023
Interest-bearing checking		136,818,739		119,651,567
Money market accounts		303,116,041		303,040,347
Savings		22,611,647		19,154,098
Certificates of deposit < $250,000		67,309,119		81,700,168
Certificates of deposit ≥ $250,000		31,074,144		36,434,662
QwickRate CDs		1,225,000		1,225,000
Total deposits		717,295,516		684,462,865
Accrued interest payable		46,035		48,692
Federal funds purchased		-		-
Other borrowings		25,000,000		10,000,000
Deferred tax liability		-		-
Accrued expenses and other liabilities		5,241,958		5,472,077
Total liabilities		747,583,509		699,983,633
Shareholders' Equity
Common stock		62,704		61,819
Surplus		46,559,309		46,473,576
Retained earnings (loss)		11,069,528		4,830,899
YTD Income (loss)		2,859,227		6,238,629
Accumulated other comprehensive income (loss)		(6,659,318)		1,873,405
Total shareholders' equity		53,891,449		59,478,329
Total liabilities & shareholders' equity	$	801,474,958	$	759,461,962
Book value per share (1)	$	8.75	$	9.67
Tangible Book Value per share (1)	$	8.23	$	9.13