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 |
Your Current Location: New York, NY 10007
Your Current Location: New York, NY 10007
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:
| Lender | APR | Rate (%) | Monthly Payment | Learn More |
|---|---|---|---|---|
| NMLS ID: 292473 | 5.875% | 5.875% 0.00 points $0 fees | $1,893 | Learn More |
| NMLS ID: 401822 | 6.151% | 6.000% 0.63 points $5,200 fees | $1,919 | Learn More |
| NMLS ID: 3030 | 6.572% | 6.500% 0.75 points $2,400 fees | $2,023 | Learn More |
| NMLS ID: 399801 | points fees | Learn More |
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:
New York,New York
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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.
| CresCom Bank | U.S. Bank Average |
|---|---|
| 3.77% | 4.29% |
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 March 31, 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%.
| 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.
| CresCom Bank | U.S. Bank Average |
|---|---|
| 16.56% | 10.73% |
CresCom Bank has a Capitalization of 16.56% versus the BestCashCow average of 10.73. 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.
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.
| 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 |
| 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 |
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 Small Business Loans, 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 | ✓ | |
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: 0Worst 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: 0I 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.