Welcome to our dedicated page for Coastalsouth Ban SEC filings (Ticker: COSO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The CoastalSouth Bancshares, Inc. (COSO) SEC filings page provides access to the company’s regulatory disclosures as a Georgia‑incorporated bank holding company for Coastal States Bank, a South Carolina state‑chartered commercial bank headquartered in Atlanta, Georgia. These filings document how the company reports its financial condition, results of operations, capital actions, and key corporate events.
Investors can review current reports on Form 8‑K in which CoastalSouth Bancshares, Inc. has described matters such as quarterly results of operations and financial condition and the redemption of subordinated notes. For example, the company has filed Form 8‑K reports to furnish press releases announcing its second and third quarter results and to report the redemption of its fixed to floating rate subordinated notes.
Other Form 8‑K filings cover corporate governance and board changes, including the resignation of a director and related background information. These documents help readers understand changes in the company’s board composition and capital structure.
Through this filings page, users can also access the company’s periodic reports, such as annual reports on Form 10‑K and quarterly reports on Form 10‑Q, when available. These filings typically include detailed discussions of net interest income, loan and deposit balances, credit quality metrics, and risk factors relevant to a commercial banking organization.
Stock Titan enhances these SEC filings with AI‑powered summaries that explain the key points in plain language, highlight important changes from prior periods, and help clarify complex sections for readers. Real‑time updates from the SEC’s EDGAR system, combined with tools for reviewing Forms 3, 4, and 5 related to insider transactions when available, allow investors to follow CoastalSouth Bancshares, Inc.’s regulatory disclosures efficiently and with added context.
CoastalSouth Bancshares, Inc. announced that its Board of Directors has authorized a new stock repurchase plan, called the 2026 Repurchase Plan. Under this plan, the company may buy back up to $15 million of its common stock.
The plan becomes effective on May 1, 2026, and will run through April 30, 2027, unless the Board extends it. Repurchases may occur in the open market, through accelerated share repurchase programs, privately negotiated transactions, or other methods that comply with Rule 10b-18. The company may also use a Rule 10b5-1 trading plan to continue repurchases during blackout periods. The program is discretionary and does not require the company to repurchase a specific amount of stock.
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.
CoastalSouth Bancshares, Inc. chief accounting officer Lauren M. Hemby exercised 4,000 Restricted Stock Units into an equal number of common shares on 2026-04-27. The RSUs converted into common stock on a one-for-one basis.
To cover tax obligations, 1,181 common shares were disposed of through a tax-withholding transaction at $25.59 per share, which is not an open-market sale. After these compensation-related transactions, Hemby directly holds 14,250 common shares and no remaining RSUs from this award.
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.