First Federal of South Carolina, FSB

First Federal of South Carolina, FSB is headquartered in Walterboro and is the 54^th largest bank in the state of South Carolina. It is also the 4,566^th largest bank in the nation. It was established in 1962 and as of March of 2012, it had grown to 33 employees at 4 locations. First Federal of South Carolina, FSB has a 2-star health rating.

First Federal of South Carolina, FSB Routing Number: 253272494

First Federal of South Carolina, FSB Checking Account Rates

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Data for Q1 2012

Institution Statistics First Federal of South Carolina, FSB OTS # 06903 FDIC Certificate # 31410 BankRate Report View Year Established 1962 Employees 33 Primary Regulator OCC Assets and Liabilities Assets $115.45 million Loans $61.65 million Deposits $105.95 million Equity Capital $7.53 million Loan Loss Allowance $1.06 million Unbacked Noncurrent Loans $6.87 million Real Estate Owned $3.83 million Historic Data - March 2011 Assets $109.66 million Equity Capital $7.86 million Loan Loss Allowance $700,000 Unbacked Noncurrent Loans $1.18 million Real Estate Owned $4.01 million Profit Margin - Quarterly Net Interest Margin 2.51% Return on Assets -0.32% Return on Equity -4.73% Interest Income $841,000

Institution Health Overall Score: 2 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 of South Carolina, FSB had $10.69 million in non-current loans and owned real-estate with $8.59 million in equity and loan loss allowances on hand to cover it. This gives First Federal of South Carolina, FSB a Texas Ratio of 124.46% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Federal of South Carolina, FSB increased slightly from 60.63% as of March 31, 2011 to 124.46% as of March 31, 2012, resulting in a negative change of 105.30%. This indicates that the balance sheet and financial strength for First Federal of South Carolina, FSB has declined slightly in recent periods. Deposit Growth In the past year, First Federal of South Carolina, FSB has increased its total deposits by $6.16 million, resulting in 6.18% 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 of South Carolina, FSB has shown is excellent. 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 of South Carolina, FSB has $115.45 million in assets with $8.59 million in equity, resulting in a capitalization level of 7.44%, which is below average.

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