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CONCENTRATIONS OF CREDIT RISK
12 Months Ended
Dec. 31, 2015
Risks and Uncertainties [Abstract]  
CONCENTRATIONS OF CREDIT RISK
5. CONCENTRATIONS OF CREDIT RISK

 

We grant short to intermediate term commercial and consumer loans to customers throughout our primary market area of Charleston, Berkeley and Dorchester counties of South Carolina. Our primary market area is heavily dependent on tourism and medical services. Although we have a diversified loan portfolio, a substantial portion of our debtors’ ability to honor their contracts is dependent upon the stability of the economic environment in their primary market including the government, tourism and medical industries. The majority of the loan portfolio is located in our immediate market area with a concentration in Real Estate Related, Offices and Clinics of Medical Doctors, Real Estate Agents and Managers, and Legal Services.

 

Our loans were concentrated in the following categories. 

 

   December 31, 2015  December 31, 2014
Commercial   21.00%   21.31%
Commercial Real Estate-Construction   .41%   .65%
Commercial Real Estate-Other   47.70%   49.44%
Consumer Real Estate   28.76%   26.51%
Consumer-Other   2.13%   2.09%
Total Loans   100.00%   100.00%