Tidelands Bancshares, Inc. serve as a bank holding company for its subsidiary, Tidelands Bank (the Bank). The Company is primarily engaged in the business of accepting demand, savings and time deposits insured by the FDIC and providing commercial, consumer and mortgage loans to the general public. The principal business activity of the Bank is to provide banking services to domestic markets, principally in Charleston, Dorchester, Berkeley, Horry, Georgetown, Beaufort and Jasper counties in South Carolina. The Bank is a state-chartered commercial bank, and its deposits are insured by the Federal Deposit Insurance Corporation (FDIC). As of December 31, 2011, it had total assets of $534.1 million, net loans of $369.3 million, deposits of $445.5 million and shareholders' equity of $14.1 million.