Beacon Holding Company, Inc. is principally engaged in providing banking services to Charleston, Dorchester, and Berkeley Counties in South Carolina. The Company makes loans to individuals and small businesses for various personal and commercial purposes. The Company’s investment portfolio consists of US Treasury securities, various US Agency debt securities, municipal securities, and corporate debt securities. Its construction loans consist of loans to finance land for the development of commercial or residential real property, construction of multifamily apartments or other commercial properties. Its consumer and other loans consist of loans to finance unsecured home improvements, student loans, automobiles and revolving lines of credit that can be secured or unsecured. Its residential mortgages consist of loans to purchase or refinance the borrower’s primary dwelling, second residence or vacation home and are secured by one to four family residential properties.