First Reliance Bank in city_name, state_name - Detailed Financial Reports, Location

First Reliance Bank in Florence, South Carolina (SC)
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First Reliance Bank routing number info

First Reliance Bank - Overview

General
FDIC Certificate #: 35214
Status: Active
Federal Reserve ID: 2839790
Bank Holding Company (Regulatory Top Holder): First Reliance Bancshares, Inc. (RSSDID: 3070312, Location: Florence, SC)
Date Established: August 16, 1999
WWW: http://www.firstreliance.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 11 (Domestic: 11, Interstate: No)
FDIC's unique #: 76181
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: August 16, 1999
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 2170 West Palmetto Street, Florence, SC 29501
County: Florence
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Columbia Sc
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Florence, SC (#2655)
Core Based Statistical Area (CBSA): Florence, SC (#22500)
CBSA Metro Statistical Area: Florence, SC (#22500)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $496.1 mil
Equity capital: $47.6 mil
Deposits held in domestic offices: $431.9 mil
Return on assets (ROA): -1.55% (-$7.7 mil)
Quarterly return on assets: -0.33% (-$1.6 mil)
Return on Equity (ROE): -15.47% (-$7.4 mil)
Quarterly return on equity: -3.48% (-$1.7 mil)
Net income: -$8.0 mil
Quarterly Net income: -$0.4 mil
Pretax return on assets: -0.65% (-$3,224.6 mil)
Quarterly Pretax return on assets: -0.33% (-$1,637.1 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

Dollar figures in thousands
106Total employees (full-time equivalent)
$496,098Total assets
$44,401Cash and due from depository institutions
$41,986Interest-bearing balances
$84,523Securities
$0Federal funds sold & reverse repurchase agreements
$302,872Net loans & leases
$6,961Loan loss allowance
$0Trading account assets
$21,246Bank premises and fixed assets
$22,270Other real estate owned
$0Goodwill and other intangibles
$496,098Life insurance assets
$20,786All other assets
$448,500Total liabilities and capital
$431,918Total liabilities
$375,517Total deposits
$431,918Interest-bearing deposits
$73Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$13,000Trading liabilities
$0Other borrowed funds
$3,582Subordinated debt
$47,598All other liabilities
$47,598Total equity capital
$47,598Total bank equity capital
$0Perpetual preferred stock
$14Common stock
$45,945Surplus
$1,639Undivided profits
Memoranda
$0Noncurrent loans and leases
$2,863Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$23,114Income earned, not collected on loans
$0Earning assets
$1,983Long-term assets (5+ years)
$429,381Average Assets, year-to-date
$81,887Average Assets, quarterly
$515,586Volatile liabilities
$503,824Insider loans
$356,896FHLB advances
$503,087Loans and leases held for sale
$12,229Unused loan commitments
$12,229Tier 1 (core) risk-based capital
$45,717Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$34,501Restructured Loans and leases
$2,233Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$23,302Total interest income
$6,475Total interest expense
$16,827Net interest income
$4,621Provision for loan and lease losses
$4,281Total noninterest income
$0Fiduciary activities
$1,822Service charges on deposit accounts
$0Trading account gains & fees
$2,459Additional noninterest income
$20,437Total noninterest expense
$8,728Salaries and employee benefits
$2,280Premises and equipment expense
$9,429Additional noninterest expense
-$3,950Pre-tax net operating income
$615Securities gains (losses)
$4,635Applicable income taxes
-$7,970Income before extraordinary items
$0Extraordinary gains - net
-$7,970Net income attributable to bank
$0Net charge-offs
-$7,970Cash dividends
$3,931Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.21%Yield on earning assets
1.45%Cost of funding earning assets
3.76%Net interest margin
0.96%Noninterest income to earning assets
4.57%Noninterest expense to earning assets
-1.67%Net operating income to assets
-1.55%Return on assets (ROA)
-0.65%Pretax return on assets
-15.47%Return on equity (ROE)
-15.47%Retained earnings to average equity (YTD only)
1.17%Net charge-offs to loans
117.55%Credit loss provision to net charge-offs
0.17%Efficiency ratio
96,821Assets per employee
4.68%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.25%Loss allowance to noncurrent loans
30.12%Noncurrent assets plus other real estate owned to assets
9.15%Noncurrent loans to loans
7.46%Net loans and leases to deposits
70.12%Net loans and leases to core deposits
90.89%Equity capital to assets
9.59%Core capital (leverage) ratio
9.09%Tier 1 risk-based capital ratio
12.81%Total risk-based capital ratio
Memoranda
$14Average assets
$515,586Average earning assets
$51,531Average equity
$447,651Average loans

List of branches

11 South Carolina Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	76181	First Reliance Bank	2170 West Palmetto Street, Florence, SC 29501	August 16, 1999	Full Service Brick and Mortar
1	364430	Second Loop Branch	411 Second Loop Road, Florence, SC 29501	May 07, 2001	Full Service Brick and Mortar
2	430213	Lexington North Lake Dr Branch	709 N Lake Dr, Lexington, SC 29072	June 17, 2004	Full Service Brick and Mortar
3	440188	Lexington/Richland Messenger Service	709 North Lake Drive, Lexington, SC 29072	June 21, 2004	Limited Service Messenger
4	442569	Charleston Peninsula Branch	25 Cumberland Street, Charleston, SC 29401	March 15, 2005	Full Service Brick and Mortar
5	446256	Florence Messenger Service	2170 West Palmetto Street, Florence, SC 29501	June 04, 2004	Limited Service Messenger
6	451738	Mount Pleasant Branch	800 South Shelmore Boulevard, Mount Pleasant, SC 29464	October 03, 2005	Full Service Brick and Mortar
7	451739	Charleston County Messenger Service	25 Cumberland Street, Charleston, SC 29401	March 15, 2005	Limited Service Messenger
8	451740	Mount Pleasant Messenger Service	800 South Shelmore Boulevard, Mount Pleasant, SC 29464	March 15, 2005	Limited Service Messenger
11	493148	Sunset Blvd, West Columbia Branch	2805 A Sunset Blvd, West Columbia, SC 29169	June 01, 2009	Full Service Brick and Mortar
12	499498	Messenger Service	2805-A Sunset Boulevard, West Columbia, SC 29169	June 01, 2009	Limited Service Messenger

First Reliance Bank in Florence, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Reliance Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Reliance Bank in Florence, South Carolina (SC)Overview, Financial Summary, Detailed Financial Reports, Branches

First Reliance Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Reliance Bank in Florence, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches