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CONCENTRATIONS OF CREDIT RISK
12 Months Ended
Dec. 31, 2018
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 and legal 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. The majority of the loan portfolio is located in our immediate market area with a concentration in real estate related activities and offices, medical offices, and attorneys’ offices.

  

Our loans were concentrated in the following categories.

  

    December 31, 2018     December 31, 2017  
Commercial     19.96 %     19.14 %
Commercial Real Estate Construction     2.67 %     0.86 %
Commercial Real Estate Other     52.32 %     51.89 %
Consumer Real Estate     23.22 %     26.20 %
Consumer Other     1.83 %     1.91 %
Total Loans     100.00 %     100.00 %