At a time when calculated retreats are becoming more common — and more accepted — Tidelands Bancshares Inc. is a new kind of leader.

In the second quarter, Tidelands had the biggest percentage decline in total assets among 500 publicly traded bank companies, according to Sandler O'Neill & Partners LP and SNL Financial LC. The Mount Pleasant, S.C., company reduced assets by 23%, to $584.5 million, after selling most of its investment portfolio bonds and noncore funding, which included brokered deposits and borrowings.

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