First Reliance Bank

Florence, SC
IDRSSD: 2839790
Total Assets
$1.10B
Latest filing
Total Deposits
$961.26M
Latest filing
Net Interest Margin
3.83%
Profitability

Locations

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Main Office
First Reliance Bank
2170 W Palmetto St
Florence, SC 29501
Full Service - Brick and Mortar
Updated 11/14/2025Established 08/16/1999FDIC Certificate 76181

Branches (9)

Page 1 of 2
NameAddressCity / State
First Reliance Bank (Main)2170 W Palmetto StFlorence, SC
SECOND LOOP BRANCH411 2nd Loop RdFlorence, SC
LEXINGTON NORTH LAKE DR BRANCH801 N Lake DrLexington, SC
GREENVILLE DOWNTOWN BRANCH500 E Washington StGreenville, SC
MOUNT PLEASANT BRANCH800 S Shelmore BlvdMount Pleasant, SC
SIMPSONVILLE BRANCH150 Highway 14Simpsonville, SC
SUNSET BLVD, WEST COLUMBIA BRANCH2805 A Sunset BlvdWest Columbia, SC
MYRTLE BEACH BRACH507 21st Ave NMyrtle Beach, SC
Showing 7 of 9

Quarterly Trends

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Total Assets vs Total Liabilities

Loans & Leases vs Deposits

Interest Income vs Expense

Net Interest Income

Noninterest Expense vs Income

Net Income

Institution Profile

Institution ClassCommercial bank, state charter, Fed non-member, and supervised by the FDIC
Primary RegulatorFDIC
Established Date08/16/1999
Community BankYes
Ownership TypeNot Mutual
ZIP29501
State and County Number45041
Subchapter S CorporationsNo
Trust PowersN/A
Federal Reserve ID Number05
Numeric code21
Insured by FDICInstitutions that are currently open and insured by the FDIC
Federal Reserve DistrictAtlanta
Core Based Statistical Area NameFlorence, SC

Operational Info

Number of Employees165
Domestic Offices10
Foreign Offices0
US Offices0
Directly owned by another bank (CERT)No
Last Structure Change Effective Date05/27/2025
Date of Deposit Insurance08/16/1999
Primary Insurance AgencyDIF
Websitefirstreliance.com
Data Updated11/14/2025
CERT35214
Office of The Comptroller District:
Office of Thrift Supervision RegionN/A

Financial Summary

Total Assets$1.10B
Total Deposits$961.26M
Total Liabilities$990.88M
Total Equity Capital$105.02M
Net Income$3.01M
Net Loans and Leases$784.55M
Assets Per Employee ($Millions)$6.72M
Bank Premises and Fixed Assets$27.10M
Cash and Balances due from Depository Institutions$32.26M
Deposits Held in Domestic Offices$961.26M

Key Performance Ratios

Return on Assets (ROA)1.1%
Return on Equity (ROE)11.6%
Net Interest Margin3.83%
Efficiency Ratio67.99%
Tier 1 Risk-Based Capital Ratio12.474%
Net Loans and Leases to Core Deposits0%
Credit Loss Provision to Assets0.03%
Cash Dividends to Net Income (YTD Only)0%
Equity Capital to Assets9.583%
Earning Assets to total Assets92.23%

Income and Expense

Total Interest Income$14.46M
Total Noninterest Income$3.02M
Total Interest Expense$4.75M
Total Noninterest Expense$8.66M
Net Interest Income$9.71M
Pre-tax Net Operating Income$3.98M
Provision for Credit Losses$90.00k
Discontinued Operations (Extraordinary Gains - Net)$0

Additional Financial Info

Goodwill and Other Intangibles$0
All Other Assets$0
Other Real Estate Owned$0
Other borrowed funds$15.00M
Federal Funds Sold & Reverse Repurchase Agreement$0
Federal Funds Purchased and Repurchased Agreement$0
All Other Liabilities$14.62M
Total Liabilities and Capital$1.10B

Securities

Securities$199.53M
Available-for-sale debt securities$199.53M
Equity securities with readily determinable fair values not held for trading$0
Held-to-maturity securities$0
Subordinated Debt$0
Trading Account Assets$0
Trading Liabilities$0

Frequently Asked Questions

What are the total assets of First Reliance Bank?
$1.10B as of the latest filing.
How much are First Reliance Bank's total deposits?
$961.26M in total deposits.
Where is First Reliance Bank located?
Florence, SC.
What is the Net Interest Margin?
3.83%.
How many domestic offices does it operate?
10.
When was it established?
08/16/1999.
What is the Return on Assets (ROA)?
1.1%.
How much are total loans and leases?
$784.55M (latest filing).
What is the total interest income (latest filing)?
$14.46M.