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Palmetto State Bank Salary

Palmetto State Bank Salary

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As of August 2026, the average annual salary for employees at Palmetto State Bank in the United States is $87,559. This translates to an approximate hourly wage of $42. Salaries at Palmetto State Bank typically range from $76,781 to $99,283 annually, reflecting the diverse roles and experience levels within the company.
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Is Palmetto State Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Palmetto State Bank's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Collective Financial Group $92,506
+5.6%
Supported by Collective Financial Group's high-margin contracts allowing higher overhead.
Macon Bank Inc $88,972
+1.6%
Confirms Macon Bank Inc is a direct competitor vying for the exact same talent pool.
US Metro Bank $103,159
+17.8%
Adjusted for higher cost-of-living indices in US Metro Bank's primary metro hubs.
Community State Bank of Orbisonia Inc $88,445
+1.0%
Indicates identical technical requirements and experience levels between the two firms.
Financial Services Industry $121,514
+38.8%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Palmetto State Bank's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Palmetto State Bank. Click a company name to learn more.

Employee Reviews: Working at Palmetto State Bank

Considering a career at Palmetto State Bank? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
It’s fulfilling to contribute to impactful financial solutions in such a supportive environment. These moments of recognition boost morale. I’m proud to be part of such a reputable organization. It's motivating to work where exceptional performance is both challenged and rewarded appropriately.
Commented in April 23, 2025
26
0
I feel valued here and proud to contribute to innovative financial solutions that impact clients positively every day. The company invests heavily in employee development, offering extensive training programs and mentorship opportunities. Benefits, including health insurance and stock options, are excellent. Flexible scheduling and remote work options demonstrate trust in employees' professionalis...
Commented in September 20, 2024
22
2
My contributions are acknowledged, and my well-being is a genuine priority for leadership. Paid volunteer time allows us to give back meaningfully. Well-organized and process-driven. Clients trust us because of our ethical standards and innovative solutions. We help clients navigate complex financial landscapes, making a real difference in their lives and futures.
Commented in February 20, 2024
30
2

Palmetto State Bank Overview

Website
www.palmettostatebank.com
Founded In
1907
Employees
25 - 50 employees
Industry
Financial Services
Headquarter Address
601 1st St W Hampton South Carolina SC 29924
Revenue
$10 Million - $50 Million
Phone Number
+1 8039432671
Social Media
About Palmetto State Bank
Palmetto State Bank, headquartered in Hampton, South Carolina, was founded in 1907. We have grown from a bank with $2 million in assets located in Hampton, to a one half billion dollar institution with seven branches serving Beaufort, Allendale, and Hampton counties. Our Board of Directors credit our exceptional growth to the fact that we have never lost sight of what is important to us...our cust

What Benefits Does Palmetto State Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Palmetto State Bank offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
Work at Palmetto State Bank?
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What Is the Cost of Living Near Columbia?

Understanding the cost of living near Columbia is key to truly evaluating a salary offer or your current compensation at Palmetto State Bank.
Columbia's Cost of Living Index is approximately 89.5 (10.5% less expensive than US average; 6.1% less than SC average). State capital (Univ. of SC, Fort Jackson), affordable housing. COMET bus. When planning your budget based on a salary from Palmetto State Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,000 - $1,500+ A significant portion of Palmetto State Bank salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (COMET monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,280 - $3,620+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Palmetto State Bank

1. What is the typical salary range (low to high) for most roles at Palmetto State Bank?

The typical annual salary range for most roles at Palmetto State Bank is approximately from $76,781 to $99,283. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Palmetto State Bank pay compared to Collective Financial Group?

The average annual salary at Palmetto State Bank is $87,559, or an hourly wage of $42, in comparison to Collective Financial Group which pays $92,506 per year or $44 per hour.

3. Do salaries differ significantly between departments at Palmetto State Bank?

Yes, salaries often differ between departments at Palmetto State Bank due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Palmetto State Bank?

Experience level is a significant factor in determining salary at Palmetto State Bank, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Palmetto State Bank in Columbia is fair given the local cost of living?

To determine if a salary offer from Palmetto State Bank in Columbia is fair, first compare the gross salary to our data for similar roles at Palmetto State Bank and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Columbia" to understand its purchasing power.

6. Are the salaries listed for Palmetto State Bank on Salary.com pre-tax or after-tax?

All salary figures displayed for Palmetto State Bank, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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