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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001178409-11-000001.txt : 20110110
<SEC-HEADER>0001178409-11-000001.hdr.sgml : 20110110
<ACCEPTANCE-DATETIME>20110110114758
ACCESSION NUMBER:		0001178409-11-000001
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20101231
FILED AS OF DATE:		20110110
DATE AS OF CHANGE:		20110110

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TIDELANDS BANCSHARES INC
		CENTRAL INDEX KEY:			0001178409
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		875 LOWCOUNTRY BLVD.
		CITY:			MT. PLEASANT
		STATE:			SC
		ZIP:			29464

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BURRELL MIKE
		CENTRAL INDEX KEY:			0001278618

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33065
		FILM NUMBER:		11519277

	MAIL ADDRESS:	
		STREET 1:		111 AYERS CIRCLE
		CITY:			SUMMERVILLE
		STATE:			SC
		ZIP:			29485
</SEC-HEADER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>5</documentType>

    <periodOfReport>2010-12-31</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <form3HoldingsReported>0</form3HoldingsReported>

    <form4TransactionsReported>1</form4TransactionsReported>

    <issuer>
        <issuerCik>0001178409</issuerCik>
        <issuerName>TIDELANDS BANCSHARES INC</issuerName>
        <issuerTradingSymbol>TDBK</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001278618</rptOwnerCik>
            <rptOwnerName>BURRELL MIKE</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>111 AYERS CIRCLE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SUMMERVILLE</rptOwnerCity>
            <rptOwnerState>SC</rptOwnerState>
            <rptOwnerZipCode>29485</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2010-06-07</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value>L</value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>3500</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1.4354</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>35167.67</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Director Burrell &amp; his wife, Marie S. Burrell purchased 3,500 shares of stock on 6/7/2010 at a price of $1.43543 per share.  The stock is titled in the name of Michael W. Burrell &amp; Marie S. Burrell, JT TEN.  This purchase was inadvertently not reported.</footnote>
        <footnote id="F2">Director Burrell received 6,666.67 shares of stock as a result of a distribution from the C.E. Burrell Trust Account on 7/27/2010.  It was previously reported that he indirectly owned 6,667 shares of stock through by the C.E. Burrell Trust Account, .33 shares more than he actually did.  The amount of shares beneficially owned as of 12/31/2010 has been updated to reflect this distribution.  All shares are owned jointly with his spouse, Marie S. Burrell.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/Michael W. Burrell by Robert E. Coffee, Jr. as POA</signatureName>
        <signatureDate>2011-01-10</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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