CresCom Bank

Headquarters

288 Meeting Street
Charleston, SC 29401
See all branch locations →

Notable Rates	APY	Vs.Others
Savings	N.A.	5.50% →
1-Year CD	N.A.	4.80% →
2-Year CD	N.A.	4.25% →
5-Year CD	N.A.	4.05% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Overview
Climate
Financial Details
FAQs
Reviews

2024 Overview

General Bank Information

CresCom Bank is an FDIC insured institution located in Charleston, SC. It was founded in 2001 and has approximately $4.8 billion in assets. Customers can open an account at one of its 63 branches.


FDIC Insured	Yes
FDIC Certificate	# 57135
Date Established	2001
Assets	$ 4.71 billion
Loans	$ 3.21 billion
Deposits	$ 3.59 billion
Capital	$ 780.03 million

For a more detailed analysis of CresCom Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 12, 2024

Your Current Location: Ohio, OH 43085

Loan Rates - December 12, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for CresCom Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender	APR	Rate (%)	Monthly Payment	Learn More
NMLS ID: 2578474	6.369%	6.250% 0.88 points $4,029 fees	$1,971	Learn More
NMLS ID: 1025894	6.564%	6.490% 0.50 points $2,460 fees	$2,021	Learn More
NMLS ID: 3030	7.089%	6.990% 1.00 points $3,200 fees	$2,127	Learn More
NMLS ID: 1907		points fees		Learn More

See More Mortgage Rates →

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loan See Table	Intro APR 7.240 % After Intro: 7.240 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Rate See Table	Intro APR 7.750 % After Intro: 7.750 %	$25,000	Learn More More Info
A Guaranteed Rate HELOC is secured with your home as collateral, whereas personal loans and credit cards are not. To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that your property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. Guaranteed Rate Home Equity Line is an open-end product where the full loan amount (minus lender, broker, third party, and governement fees, as applicable) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw. Apply in 5 minutes, get your money in as fast as 5 days. Digital application experience. Funds directly to your bank account. No in-person appraisal needed.

See More Home Equity Rates →

Note to CresCom Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

CresCom Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio

CresCom Bank Locations around zip code 43085

Branch	Distance	Map	View Lobby Hours
Greer Branch	348.95	A	View Lobby Hours
Poinsett Branch	349.10	B	View Lobby Hours
Messenger Service	349.13	C	View Lobby Hours
Durham Branch	349.50	D	View Lobby Hours
Taylors Branch	350.40	E	View Lobby Hours
Pleasant Grove Branch	350.85	F	View Lobby Hours
Rocky Mount Branch	388.94	G	View Lobby Hours
1378 Benvenue Rd. Branch	389.22	H	View Lobby Hours
Heath Springs Branch	390.73	I	View Lobby Hours
Wilson Main Branch	397.96	J	View Lobby Hours
Executive Place Branch	402.50	K	View Lobby Hours
Fayetteville Branch	403.28	L	View Lobby Hours
Hope Mills Branch	405.14	M	View Lobby Hours
Goldsboro Branch	414.74	N	View Lobby Hours
Mount Olive Branch	420.30	O	View Lobby Hours
Greenville-Firetower Branch	423.18	P	View Lobby Hours
Greenville Branch	423.99	Q	View Lobby Hours
Congaree State Bank	424.15	R	View Lobby Hours
Greenville Boulevard Branch	425.43	S	View Lobby Hours
Cayce Office Branch	425.78	T	View Lobby Hours
Kinston Main Branch	432.14	U	View Lobby Hours
Elizabethtown Main Branch	435.78	V	View Lobby Hours
Elizabethtown Branch	435.99	W	View Lobby Hours
First South Bank Branch	437.78	X	View Lobby Hours
Market Street Branch	438.67	Y	View Lobby Hours
Elizabeth City Branch	439.50	Z	View Lobby Hours

View Branches Nationwide →

Climate Policy and Initiatives

CresCom Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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Financial Details

CresCom Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of CresCom Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio

CresCom Bank	U.S. Bank Average
3.77%	4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, CresCom Bank had $27,673,000 in non-current loans and $2,490,000 in owned real estate. To cover these potential losses it had $780,027,000 in equity and $19,517,000 in loans loss reserves. That gives it a Texas Ratio of 3.77%.

Return on Equity

CresCom Bank	U.S. Bank Average
9.92%	10.46%

CresCom Bank has a Return on Equity of 9.92% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization

CresCom Bank	U.S. Bank Average
16.56%	10.84%

CresCom Bank has a Capitalization of 16.56% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

CresCom Bank Balance Sheet Analysis

As of March 31, 2020, CresCom Bank had assets of $4,801,769,000, loans of $3,209,898,000, and deposits of $3,586,173,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024

ASSETS
Cash & Balances due from depository institutions	$ 294.09 million
Interest-bearing balances	$ 230.38 million
Total securities	$ 829.85 million
Federal funds sold and reverse repurchase	N.A.
Net loans and leases	$ 3.21 billion
Loan loss allowance	$ 19.52 million
Trading account assets	N.A.
Bank premises and fixed assets	N.A.
Other real estate owned	$ 2.49 million
Goodwill and other intangibles	$ 223.64 million
All other assets	$ 156.49 million
Total Assets	$ 4.02 billion

LIABILITIES
Total deposits	$ 3.59 billion
Interest-bearing deposits	$ 3.36 billion
Deposits held in domestic offices	$ 3.59 billion
% insured (estimated)	78.38%
Federal funds purchased and repurchase agreements	N.A.
Trading liabilities	N.A.
Other borrowed funds	$ 402.20 million
Subordinated debt	N.A.
All other liabilities	$ 33.37 million
Total Liabilities	$ 4.02 billion
Shareholders’ Equity	$ 687.99 million

Summary Income Statement

June 30, 2024

INCOME AND EXPENSES
Total Interest Income	$ 50.69 million
Total Interest Expense	$ 9.24 million
Net interest income	$ 41.45 million
Provision for loan and lease losses	$ 2.97 million
Total non interest income	$ 11.05 million
Total non interest expense	$ 31.82 million
Pre-tax Net Operating Income	$ 17.71 million

Bank Loan Profile^?

The top three loan types in CresCom Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in South Carolina, CresCom Bank has a significantly higher percent of Construction and Development Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

	% Loans	% Comparison to Other Banks
		Low	Med	High
1-4 Family Residential Loans	28.61		✓
Multifamily Mortgages	2.24		✓
Credit Card Loans	0.00	✓
Consumer Auto Loans	0.11		✓
Small Business Loans	13.01		✓
Construction and Development Loans	13.71			✓
Commercial Real Estate	40.59			✓
Commercial and Industrial Loans	13.16		✓
Farm Loans	0.07		✓

Customer Reviews for CresCom Bank

m c

July 30, 2020 |

Awful bank

Is this review helpful? Yes:0 / No: 0
Daughtridge

February 27, 2020

Horrible bank. Terrible customer service at every single branch I have visited or contacted and online banking so limited. I miss First South Bank sooo much. They were amazing and CresCom just plain sucks all around

Is this review helpful? Yes:0 / No: 0
tylersmithawake

August 15, 2019 |

Worst bank I've ever used. If you want unnecessary limits and only want to have access to your money Monday-Friday 8:30am-5:00pm then this is the bank for you! And don't even think about shopping online or traveling out of your home state! They will shut down your card and if that happens on Friday evening it means you won't have any money until Monday morning. The people that make and administer the policies of this bank are absolute idiots.

Is this review helpful? Yes:1 / No: 0
glenna rogers

April 1, 2019 |

CDs 8 Month Rates

great service good rates on cd's

Is this review helpful? Yes:1 / No: 0
Lisa

August 31, 2018

I have banked with them for 2 years and never had an issue until I went in one day and asked about a small auto loan. I own my house, I own 2 other vehicles, and had more money in the bank than I was trying to borrow. I asked about taking out a short term loan for $2000 for the sole purpose of building my credit. I then listened to the lady talk about a home equity line for 30 minutes, only to be told at the end that my credit score of 645 was not good enough to get me any kind of loan with their bank .... even with a co-signer who had perfect credit. I was appauled. I understand that my credit score is only "fair" and that they must factor this into their decision. However, common sense has to be a factor as well. If someone signed with me who has a credit score of 820, and I had the title in hand to a car worth $10,000 ..... there is absolutely NO REASON why this bank should have denied me access to a $2000 loan. I was told they DO NOT LOAN MONEY TO ANYONE, UNDER ANY CIRCUMSTANCES, UNLESS THEY HAVE A CREDIT SCORE OF 660 OR ABOVE. I left there, drove down the street to my former bank, BB&T, and had no issue getting a loan for the $2000 using my other car as collateral .... with my credit score of 645. So, I pulled all of my money out of this "SNOOTY" bank and put it in an account with BB&T ...... I HIGHLY RECCOMEND EVERYONE ELSE DO THE SAME. If I could, I would give them 0 stars.

Is this review helpful? Yes:2 / No: 0

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