Tropical Storm Colin weakened after bringing rain and winds to the Carolinas on Saturday, with conditions expected to improve by July Fourth.

The storm formed near the South Carolina coast about 50 miles southwest of Myrtle beach, the National Hurricane Center said in a advisory early Saturday.

By late Saturday night, Colin had weakened into a tropical depression and forecasters discontinued the tropical storm warning that had been in effect for parts of the North Carolina coast.

At 11 p.m. Saturday, the storm’s center was about 15 miles north of Wilmington, North Carolina, with maximum sustained winds of 35 mph. It was moving northeast at 7 mph.

The storm is dissipate completely by Sunday night or Monday morning.

The storm formed hours after Tropical Storm Bonnie made landfall in Nicaragua, bringing the threat of flooding from heavy rain.

Bonnie came ashore late Friday on the Central American country’s Caribbean coast about 75 miles south of Bluefields, the National Hurricane Center said.

Forecasters warned of the danger of significant flooding, with rains of up to 8 inches and even more in isolated places.

Authorities in Bluefields said they set up 50 temporary shelters before the storm arrived, and many of its 57,000 residents nailed boards over their windows.

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