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Coastal Carolina Bancshares, Inc. reports recurring bank holding company developments for CCNB, the OTCQX-traded parent of Coastal Carolina National Bank. Company news centers on quarterly and annual earnings, loan and deposit growth, net interest margin, book value and tangible book value, regulatory capital ratios, and credit-quality measures such as non-performing assets, past-due loans, charge-offs, and other real estate owned.
Updates also cover capital actions used to support the bank's balance sheet and growth strategy, including common equity issuances and subordinated debt activity. The recurring disclosures frame CCNB's results through community-bank operating drivers: earning-asset growth, funding costs, retained earnings, capital adequacy, and asset quality.
Coastal Carolina Bancshares (OTCQX:CCNB) reported strong financial results for Q3 2021, with net income reaching $1,651,954, a 60% increase year-over-year. Year-to-date net income rose 85% to $4,572,750, translating to diluted EPS of $0.74. Total assets grew 4% in Q3 and 22% year-to-date to $736 million, driven by a 24% rise in total deposits to $661 million. Total loans excluding PPP increased 12% year-to-date. The bank maintains a solid capital position above regulatory minimums, with a non-performing asset ratio of 0.06%. Overall, the bank's performance reflects robust growth across key metrics.
Coastal Carolina Bancshares reported a strong second quarter for 2021, achieving net income of $1,533,227 or $0.25 per share, marking a 126% year-over-year increase. For the first half, net income reached $2,920,796, up 103% from the previous year. The Bank's total assets grew by 8% in the quarter to $708 million, with total deposits increasing by 9% to $635 million. Additionally, loans rose by 4% to $456 million. The Bank maintains strong asset quality with a non-performing asset ratio of 0.06%.
Coastal Carolina Bancshares, parent of Coastal Carolina National Bank (OTCQX:CCNB), announced a net income of $1,387,569 ($0.23 per share) for Q1 2021, marking an 82% increase year-over-year and a 10% increase from the previous quarter. Total assets rose 9% to $655 million, and loans increased by 5% to $437 million. The bank experienced substantial growth in deposits, reaching $583 million (up 9%), and maintained solid asset quality with a non-performing asset ratio of 0.06%.
Coastal Carolina Bancshares (OTCQX:CCNB) reported strong financial results for Q3 2020, with a net income of $1,033,424, or $0.17 per share, a 52% increase from the prior quarter and 29% from Q3 2019. Year-to-date net income reached $2,475,101, a 29% rise. Total assets grew 29% to $576 million, total loans increased 17% to $414 million, and total deposits rose 32% to $507 million. The bank saw a decrease in pandemic-related loan deferrals, highlighting improved loan portfolio performance, though it continues to prepare for potential credit losses amid ongoing uncertainty.