The institution offers retail and commercial lending, deposit services, mortgage products, and wealth management services through its Trust Division, with its corporate office in Smithfield, NC and nine financial centers across Johnston, Wake, Wilson, and Wayne Counties. The company appears to have pursued a path toward delisting as a private community bank.
Cyborg Score Rationale
Limited recent data availability (most recent public filings from 2020 and earlier) makes assessment challenging. As a regional community bank, KS Bancorp operates in a competitive local market but maintains long-term operational presence.
Top Insights
Company celebrated its 100th anniversary in April 2024
Offers comprehensive banking services including merchant services, payroll, cash management, mortgage lending, and wealth management
Company pursued delisting strategy around 2005 to reduce SEC reporting burdens
Historical growth showed 17.5% asset growth to $236.9M, 17.9% loan growth to $178.9M, and 19% deposit growth to $169.3M in 2004
Named Competitors
Local and Regional Banks — Regional banking competitors in North Carolina