This institution is no longer active

Operations ceased on January 1, 2023. CRA examination history below reflects the period it was active.

GRANDSOUTH BANK

GREENVILLE, SC · Supervised by FDIC

Est. 1998FDIC #34,812RSSD: FDIC-34812

Part ofGRANDSOUTH BCORP→ View all charters

Satisfactory Same

Current rating · Exam: November 2021

CompareWatch

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Strong

ROA 1.49%

Is this bank safe?

GRANDSOUTH BANK holds a Satisfactory CRA rating (2021), is financially strong (ROA +1.49%). Overall, this bank appears financially sound.

Institution Profile

FDIC BankFind

Address

381 Halton Rd, GREENVILLE, SC

County

Greenville County

Established

September 8, 1998

Total Assets

$1.2B(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

November 1, 2021

Exam Type

Intermediate Small Bank

Regulator

FDIC

What is a CRA rating? →

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q4 2022Call Report / FDIC

Total Assets

$1.2B

Total Deposits

$1.1B

Net Loans

$1.0B

Net Income

$18M

ROA

1.49%

Above avg for Community banks. Peer avg: 0.90%

ROE

14.45%

Risk-Based Capital

14.03%

Above avg for Community banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Community banks

Compared to the peer-bank Community peer group (same asset tier).

ROA1.49%Peer avg: 0.90%▲ Above avg

Risk-Based Capital14.03%Peer avg: 12.91%▲ Above avg

Mortgage Denial Rate4.00%Peer avg: 10.20%▼ Fewer than avg

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Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2022	150	90.67%	4.00%
2021	169	83.43%	9.47%
2020	194	92.27%	4.12%
2019	128	85.94%	6.25%
2018	130	80.77%	8.46%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Community bank avg: 10.20% · above-average shown in red

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
Nov 2021	Satisfactory	Intermediate Small Bank
Jan 2019	Satisfactory	Intermediate Small Bank
Apr 2016	Satisfactory	Intermediate Small Bank

4 previous ratings locked — back to 2001

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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