First Federal Savings and Loan Association of Charleston

First Federal Savings and Loan Association of Charleston is headquartered in Charleston and is the 3^rd largest bank in the state of South Carolina. It is also the 235^th largest bank in the nation. It was established in 1934 and as of March of 2012, it had grown to 828 employees at 69 locations. First Federal Savings and Loan Association of Charleston's savings rates are 25% higher than the national average, and it has a 4-star health rating.

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Data for Q1 2012

Institution Statistics First Federal Savings and Loan Association of Charleston OTS # 2738 FDIC Certificate # 28994 BankRate Report View Year Established 1934 Employees 828 Primary Regulator FED Assets and Liabilities Assets $3.14 billion Loans $2.35 billion Deposits $2.30 billion Equity Capital $284.14 million Loan Loss Allowance $50.78 million Unbacked Noncurrent Loans $31.41 million Real Estate Owned $8.30 million Historic Data - March 2011 Assets $3.25 billion Equity Capital $282.90 million Loan Loss Allowance $72.59 million Unbacked Noncurrent Loans $139.24 million Real Estate Owned $21.05 million Profit Margin - Quarterly Net Interest Margin 4.16% Return on Assets 0.36% Return on Equity 4.05% Interest Income $36.71 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First Federal Savings and Loan Association of Charleston had $39.71 million in non-current loans and owned real-estate with $334.91 million in equity and loan loss allowances on hand to cover it. This gives First Federal Savings and Loan Association of Charleston a Texas Ratio of 11.86% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Federal Savings and Loan Association of Charleston decreased significantly from 45.01% as of March 31, 2011 to 11.86% as of March 31, 2012, resulting in a positive change of 73.65%.This indicates that the balance sheet and financial strength for First Federal Savings and Loan Association of Charleston has improved significantly in recent periods. Deposit Growth In the past year, First Federal Savings and Loan Association of Charleston has decreased its total deposits by -$77.03 million, resulting in -3.24% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Federal Savings and Loan Association of Charleston has shown is below average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Federal Savings and Loan Association of Charleston has $3.14 billion in assets with $334.91 million in equity, resulting in a capitalization level of 10.67%, which is above average.

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