The Citizens Bank
Olanta, South Carolina, Florence County
$1.1B in total assets, the 952nd largest of 4,309 US banks and 12th of 44 headquartered in South Carolina.
- FDIC certificate
- 15932
- Established
- 1938
- Owned by
- Citizens Bancshares Corp
- Primary regulator
- FDIC
- Website
- www.tcbsc.bank
At a glance
Compared with 12 banks headquartered in South Carolina with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.1B | 17% | $1.8B | |
| Loans | $637M | 2% | $1.0B | |
| Deposits | $1.0B | 17% | $1.5B | |
| Return on assets | 1.23% | 67% | 1.17% | |
| Net interest margin | 4.26% | 92% | 3.53% | |
| Efficiency ratio | 60.3% | 75% | 59.1% | |
| Equity to assets | 10.73% | 92% | 9.28% | |
| Loans to deposits | 63% | 17% | 84% |
Growth
Total assets grew 8.5% a year over the last 5 years and 10.8% a year over 10 years, including 2 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jul 2022 | Sandhills Bank North Myrtle Beach, SC | $231M |
| Nov 2018 | Heritage Community Bank Hartsville, SC | $111M |
| Jun 2007 | Pamplico Bank and Trust Company Pamplico, SC | $20M |
| Jun 2007 | Johnsonville State Bank Johnsonville, SC | $22M |
Where they operate
26 branches in 12 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Florence County, SC | $417M | 11.6% | 3 of 14 |
| Horry County, SC | $172M | 1.4% | 15 of 21 |
| Georgetown County, SC | $81M | 3.7% | 9 of 13 |
| Darlington County, SC | $65M | 7.6% | 6 of 9 |
| Clarendon County, SC | $56M | 11.4% | 3 of 5 |
| Sumter County, SC | $55M | 4.6% | 7 of 8 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 10 branches since 2016 (16 to 26, +62.5%). 5 opened, 7 acquired, 2 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 16 | |||
| 2016 | Opened Murrells Inlet | 1 | 0 | +1 | 17 |
| 2018 | Acquired Heritage Community Bank | 3 | 0 | +3 | 20 |
| 2020 | Closed Olanta | 0 | 1 | −1 | 19 |
| 2021 | Opened Myrtle Beach | 1 | 0 | +1 | 20 |
| 2022 | Acquired Sandhills Bank | 4 | 0 | +4 | 24 |
| 2024 | Closed Scranton | 0 | 1 | −1 | 23 |
| 2025 | Opened Andrews | 1 | 0 | +1 | 24 |
| 2026 through Q2 | Opened Conway and Laurinburg | 2 | 0 | +2 | 26 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 48% | 32% | |
| Commercial real estate | 25% | 40% | |
| Business (C&I) | 8% | 8% | |
| Construction and land | 8% | 11% | |
| Consumer | 6% | 6% | |
| Farmland | 4% | 1% | |
| Multifamily | 1% | 3% | |
| Agricultural | 1% | 0% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 66% | 54% | |
| Noninterest-bearing | 25% | 21% | |
| Time deposits | 9% | 26% |
Brokered deposits are 0.0% of deposits (peers 6.7%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.18% | 0.11% |
| Net charge-offs, annualized | 0.05% | 0.01% |
| Reserves to loans | 1.25% | 1.12% |
| Leverage ratio | 9.91% | 9.50% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in South Carolina
Largest competitors in Florence County, SC
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/citizens-bank-olanta-sc