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CoastalSouth Bancshares, Inc. (COSO) is the subject of an amended Schedule 13G (Amendment No. 2) filed by a group of Patriot Financial entities and related individuals, updating their beneficial ownership of the company’s Voting Common Stock. The positions are calculated using 11,954,446 shares outstanding as of August 5, 2026. Reported holdings include, among others, Patriot Financial Partners II, L.P. with 506,038 shares (4.2% of the class), Patriot Financial Partners II Coastal SPV, LLC with 565,082 shares (4.7%), and Patriot Financial Partners Parallel II, L.P. with 59,044 shares (0.5%). Certain individuals associated with Patriot, including W. Kirk Wycoff, James J. Lynch, Ira M. Lubert, and James F. Deutsch, each report shared beneficial ownership of 572,982 shares (4.8% of the class). All reported holders now own 5 percent or less of CoastalSouth’s Voting Common Stock. The filing also discloses open-market sales on August 12–14, 2026 by Patriot Financial Partners II, L.P. and Patriot Financial Partners Parallel II, L.P. at prices between $27.81 and $27.88 per share.
Fourthstone LLC and related entities reported passive ownership of CoastalSouth Bancshares, Inc. common stock. Fourthstone, a registered investment adviser, holds 225,211 shares of common stock on behalf of its advisory clients, representing 1.87% of the class based on 12,035,531 shares outstanding as of May 6, 2026.
The filing is made jointly by Fourthstone LLC, Fourthstone Master Opportunity Fund Ltd., Fourthstone QP Opportunity Fund LP, Fourthstone Small-Cap Financials Fund LP, Fourthstone GP LLC, and L. Phillip Stone IV. The Reporting Persons state that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of CoastalSouth Bancshares, Inc. Voting and dispositive power over the reported shares is shared among the Reporting Persons, with no sole voting or dispositive power reported.
CoastalSouth Bancshares, Inc. director Ernst W. Bruderer reported a sale of 1,000 shares of Common Stock on August 12, 2026. The transaction was a sale in open market or private transaction at $27.5644 per share, made pursuant to a Rule 10b5‑1 trading plan, leaving him with 46,131 shares held directly.
CoastalSouth Bancshares reported stronger results for the quarter ended June 30, 2026, with net income of $7,333 thousand versus $5,965 thousand a year earlier and diluted EPS of $0.59 versus $0.57. Net interest income increased to $40,409 thousand for the first six months of 2026 from $34,837 thousand, aided by higher loan and securities balances and slightly lower interest expense.
Total assets grew to $2,420,993 thousand from $2,306,586 thousand at year-end 2025, as loans held for investment rose to $1,705,370 thousand and loans held for sale to $223,112 thousand. Deposits increased to $2,047,671 thousand, while other borrowings rose to $75,000 thousand. Shareholders’ equity improved to $269,703 thousand, supported by higher retained earnings, despite continued accumulated other comprehensive loss.
The allowance for credit losses on loans increased to $19,817 thousand from $18,743 thousand, and management attributed the $17,872 thousand gross unrealized loss on available-for-sale securities entirely to non-credit factors. The company paid common dividends totaling $0.10 per share year-to-date, repurchased a small number of shares, and ended the period with cash and cash equivalents of $34,222 thousand.
CoastalSouth Bancshares, Inc. updated its corporate governance by amending its Amended and Restated Bylaws on July 23, 2026. The amendment, effective immediately, adds a new Article XII establishing an exclusive forum and standing framework for certain disputes involving the company.
Unless the company consents otherwise, the Georgia State-wide Business Court is designated as the sole and exclusive forum for internal entity claims under the Georgia Business Corporation Code, including court-ordered inspections of corporate records by shareholders. The provision expressly excludes direct claims under the Securities Act of 1933 and the Securities Exchange Act of 1934. The amendment also introduces a minimum ownership requirement for derivative proceedings: a shareholder must have owned at least 1% of the company’s issued and outstanding shares at the time of the acts or omissions giving rise to the derivative action to have standing to commence or maintain such a case.
CoastalSouth Bancshares reported Q2 2026 net income of $7.3 million, or $0.59 per diluted share, above $6.3 million and $0.51 in Q1 2026 and $6.0 million and $0.57 in Q2 2025. For the first half of 2026, net income was $13.7 million, or $1.10 per diluted share. Return on average assets was 1.24%, return on average equity 11.02%, and return on average tangible common equity 11.23%. The board declared a quarterly dividend of $0.05 per share, payable August 27, 2026 to shareholders of record on August 13, 2026.
Net interest income was $20.7 million and net interest margin expanded to 3.66%, up 7 basis points from Q1 2026, while total cost of funds declined to 2.50%. Loans held for investment reached $1.71 billion, supported by loan production of $181.6 million and a $78.1 million increase in balances, or 19.3% annualized. Total assets were $2.42 billion and deposits $2.05 billion, with noninterest-bearing deposits representing 17.4% of total. Asset quality remained strong, with annualized net charge-offs to average loans at 0.01% and nonperforming assets at 0.76% of total assets, while the allowance for credit losses on loans held for investment stood at 1.16% of that portfolio.
CoastalSouth Bancshares, Inc. reports amended Schedule 13G ownership disclosures. The amendment shows certain EJF-related reporting persons collectively beneficially own 192,676 shares of Voting Common Stock, representing 1.6% of the class. The filing cites 12,035,531 shares outstanding as of May 6, 2026.
The disclosure states shared voting and dispositive power of 192,676 shares among EJF Capital LP, Emanuel J. Friedman, Neal J. Wilson, EJF Financial Services Fund and related entities, and clarifies organizational and attribution relationships among the reporting persons.
CoastalSouth Bancshares, Inc. ownership update: Fourthstone LLC and related entities report beneficial ownership of common stock, including 1,100,504 shares (9.18%) held by Fourthstone LLC based on 11,985,414 shares outstanding as of March 5, 2026.
The amendment attributes additional holdings to affiliated funds and entities: Fourthstone Master Opportunity Fund Ltd: 849,889 shares (7.09%), Fourthstone GP LLC: 250,615 shares (2.09%), and other affiliated vehicles. The filing states these shares were acquired in the ordinary course as an investment adviser and are not held to influence control.
CoastalSouth Bancshares, Inc. reported higher profitability and modest balance sheet growth for the three months ended March 31, 2026. Net income rose to $6.3 million, with basic EPS of $0.53, helped by stronger net interest income and lower interest expense.
Total assets increased to $2.35 billion, driven by growth in loans held for sale and investment securities. Deposits reached $2.06 billion, while other borrowings were fully repaid. Credit quality remained stable, with an allowance for credit losses on loans of $18.8 million and nonaccrual loans of $18.2 million.
CoastalSouth Bancshares CFO and COO Anthony P. Valduga reported several changes in his CoastalSouth Bancshares, Inc. holdings. He sold 4,558 shares of common stock in an open-market sale at $25.84 per share and made a bona fide gift of 2,000 shares. Following these transactions, he directly holds 84,115 common shares and indirectly holds 2,500 shares through a spouse IRA and 27,924 shares through his own IRA.