Southcoast Financial Corporation is the bank holding company for Southcoast Community Bank (the Bank). The Bank is a South Carolina state bank, which offers a range of commercial banking services. The Bank's deposit services include business and personal checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, various term certificates of deposit, individual retirement accounts and other deposit services. The Bank offers secured and unsecured, short-to-intermediate term loans, with floating and fixed interest rates for commercial, consumer and residential purposes. The Bank's other services include residential mortgage loan origination services, safe deposit boxes, business courier service, night depository service, electronic banking, MasterCard brand credit cards, tax deposits and automated teller machines around the clock. Its investments in equity and debt securities include available-for-sale, held-to-maturity and trading securities.