CoastalSouth Bancshares, Inc. filings document the public-company disclosures of a bank holding company whose wholly owned subsidiary is Coastal States Bank. Recent Form 8-K reports furnish quarterly operating results, financial-condition updates, investor presentation materials under Regulation FD, and board-authorized capital actions such as common-stock repurchase programs.
The company's proxy and governance filings cover annual shareholder meeting matters, director elections, auditor ratification, board appointments and director departures. These records also disclose share-voting outcomes, committee-related governance information, and related-party banking relationships when they are material to board independence or Regulation S-K disclosure.
CoastalSouth Bancshares, Inc. President and CEO Stephen R. Stone reported routine equity compensation activity involving restricted stock units. On April 27, 2026, 17,000 restricted stock units converted into the same number of common shares, reflecting a derivative exercise.
On the same date, 5,022 common shares were disposed of as a tax-withholding disposition at $25.59 per share, used to cover exercise price or tax liabilities rather than an open-market sale. After these transactions, Stone directly owned 132,363 common shares and indirectly held 4,830 shares through an IRA.
Lauren M. Hemby, Chief Accounting Officer of CoastalSouth Bancshares, Inc., exercised 4,000 Restricted Stock Units into an equal number of common shares on April 27, 2026. To satisfy tax obligations, 1,181 shares of common stock were delivered at $25.59 per share. Following these transactions, Hemby directly holds 13,069 shares of common stock.
The company states that these transactions were not conducted under a Rule 10b5-1 trading plan.
CoastalSouth Bancshares CFO and COO Anthony P. Valduga reported compensation-related equity activity involving the company’s common stock. He exercised 13,000 restricted stock units, which converted into the same number of common shares on a one-for-one basis.
To cover tax obligations, 3,841 shares were disposed of through a tax-withholding transaction at $25.59 per share, rather than sold in the open market. Following these transactions, he directly holds 90,673 common shares and indirectly holds additional shares through a spouse IRA (2,500 shares) and a personal IRA (27,924 shares).
CoastalSouth Bancshares, Inc. chief credit officer Cameron Bradley reported routine equity compensation activity involving restricted stock units and related tax withholding. Restricted stock units converted into 4,000 shares of common stock on a one-for-one basis, increasing his direct share ownership.
To cover tax obligations, 1,169 shares of common stock were disposed of through a tax-withholding transaction at $25.59 per share, a non-market sale mechanism. Following these transactions, Bradley directly holds 8,831 shares of common stock and indirectly holds 7,925 shares through an IRA.
CoastalSouth Bancshares, Inc. reported the results of its 2026 Annual Meeting of Shareholders. Of 11,853,258 common shares outstanding as of the record date, 8,894,030 shares were represented, meaning 75.79% of eligible shares were present in person or by proxy, establishing a quorum.
Shareholders elected eleven directors to one-year terms ending at the 2027 annual meeting. Support varied by nominee, with votes for ranging from 5,927,906 to 7,846,482 and broker non-votes of 1,132,351 for each director. Shareholders also ratified the appointment of Elliott Davis, LLC as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 8,979,430 votes for and 4,600 against.
CoastalSouth Bancshares, Inc. reported first quarter 2026 net income of $6.3 million, or $0.51 per diluted share, down from $7.1 million ($0.58) in the prior quarter but up from $5.1 million ($0.47) a year earlier. Net interest income was $19.7 million with a net interest margin of 3.59%, essentially flat sequentially and higher than the prior year. Total assets reached $2.35 billion and total deposits rose to $2.06 billion, driven by $117.9 million growth in core deposits while brokered certificates of deposit fell $48.4 million. Loans held for investment grew modestly to $1.63 billion, supported by $166.7 million in new production.
Asset quality remained strong, with net charge-offs at 0.01% of average loans and nonperforming assets at 0.77% of total assets; the allowance for credit losses on loans was 1.16% of loans and covered nonperforming loans by 103.54%. Book value per share increased to $21.94 and tangible book value per share to $21.52. The board declared a quarterly cash dividend of $0.05 per share, payable May 28, 2026 to shareholders of record as of May 14, 2026.
CoastalSouth Bancshares, Inc. director Fraser John Simon filed an initial statement of beneficial ownership. He reports 8,866 shares of Common Stock held directly, plus 3,000 shares held indirectly through an IRA and 1,000 shares held indirectly through the Carolyn B Fraser Trust.
He also holds restricted stock units that are convertible into 868 shares of Common Stock on a one-for-one basis. These RSUs carry a zero exercise price and are scheduled to vest 100% on 12/31/2026.
CoastalSouth Bancshares, Inc. is asking shareholders to vote at its 2026 Annual Meeting on April 23, 2026 at its Atlanta headquarters. Shareholders of record as of March 5, 2026 may vote.
The agenda includes electing eleven directors for one-year terms and ratifying Elliott Davis, LLC as independent registered public accounting firm for the year ending December 31, 2026. As of the record date, 11,853,258 shares of voting common stock were outstanding.
The proxy details board composition, committee structures, director independence determinations under NYSE rules, related-party policies, and 2025 compensation for named executive officers, including salary, cash bonuses and time-vested RSU awards granted under the Omnibus Incentive Plan.
CoastalSouth Bancshares, Inc. describes a growing community bank headquartered in Atlanta with 11 branches across South Carolina and Georgia plus four specialty lending lines. Through Coastal States Bank and its mortgage subsidiary, it targets small and mid-sized businesses, real estate borrowers and consumers.
As of December 31, 2025, the company reports $2.31 billion in total assets, $1.62 billion in loans held-for-investment, $1.99 billion in deposits and $259.5 million in shareholders’ equity. Loans held-for-sale were $170.9 million. As of March 5, 2026, common shares outstanding were 11,985,414.
The deposit base is positioned as a key funding advantage, with a total weighted average deposit cost of 2.71% and $1.68 billion, or 84.6%, labeled core deposits at year-end 2025; brokered deposits were $307.3 million. The company highlights concentration in commercial and real estate lending, emphasizes liquidity and interest rate risk management, and outlines extensive regulatory, capital, and consumer-compliance frameworks.