First Reliance Bank in Florence, South Carolina (SC)

Show street view No street view available for this location

First Reliance Bank routing number info

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

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $23,302
Total interest expense $6,475
Net interest income $16,827
Provision for loan and lease losses $4,621
Total noninterest income $4,281
Fiduciary activities $0
Service charges on deposit accounts $1,822
Trading account gains & fees $0
Additional noninterest income $2,459
Total noninterest expense $20,437
Salaries and employee benefits $8,728
Premises and equipment expense $2,280
Additional noninterest expense $9,429
Pre-tax net operating income -$3,950
Securities gains (losses) $615
Applicable income taxes $4,635
Income before extraordinary items -$7,970
Extraordinary gains - net $0
Net income attributable to bank -$7,970
Net charge-offs $0
Cash dividends -$7,970
Sale, conversion, retirement of capital stock, net $3,931
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.21%
Cost of funding earning assets 1.45%
Net interest margin 3.76%
Noninterest income to earning assets 0.96%
Noninterest expense to earning assets 4.57%
Net operating income to assets -1.67%
Return on assets (ROA) -1.55%
Pretax return on assets -0.65%
Return on equity (ROE) -15.47%
Retained earnings to average equity (YTD only) -15.47%
Net charge-offs to loans 1.17%
Credit loss provision to net charge-offs 117.55%
Efficiency ratio0.17%
Assets per employee$96,821
Cash dividends to net income (YTD only)4.68%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.25%
Noncurrent assets plus other real estate owned to assets 30.12%
Noncurrent loans to loans 9.15%
Net loans and leases to deposits7.46%
Net loans and leases to core deposits 70.12%
Equity capital to assets 90.89%
Core capital (leverage) ratio 9.59%
Tier 1 risk-based capital ratio 9.09%
Total risk-based capital ratio 12.81%
Average assets$14
Average earning assets$515,586
Average equity $51,531
Average loans $447,651
Back to page top, Back to table top

11 South Carolina Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
076181First Reliance Bank2170 West Palmetto Street, Florence, SC 29501August 16, 1999Full Service Brick and Mortar
1364430Second Loop Branch411 Second Loop Road, Florence, SC 29501May 07, 2001Full Service Brick and Mortar
2430213Lexington North Lake Dr Branch709 N Lake Dr, Lexington, SC 29072June 17, 2004Full Service Brick and Mortar
3440188Lexington/Richland Messenger Service709 North Lake Drive, Lexington, SC 29072June 21, 2004Limited Service Messenger
4442569Charleston Peninsula Branch25 Cumberland Street, Charleston, SC 29401March 15, 2005Full Service Brick and Mortar
5446256Florence Messenger Service2170 West Palmetto Street, Florence, SC 29501June 04, 2004Limited Service Messenger
6451738Mount Pleasant Branch800 South Shelmore Boulevard, Mount Pleasant, SC 29464October 03, 2005Full Service Brick and Mortar
7451739Charleston County Messenger Service25 Cumberland Street, Charleston, SC 29401March 15, 2005Limited Service Messenger
8451740Mount Pleasant Messenger Service800 South Shelmore Boulevard, Mount Pleasant, SC 29464March 15, 2005Limited Service Messenger
11493148Sunset Blvd, West Columbia Branch2805 A Sunset Blvd, West Columbia, SC 29169June 01, 2009Full Service Brick and Mortar
12499498Messenger Service2805-A Sunset Boulevard, West Columbia, SC 29169June 01, 2009Limited Service Messenger
Back to page top

User Contributions:

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


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Reliance Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.