First Piedmont Federal Savings and Loan Association of Gaffney

First Piedmont Federal Savings and Loan Association of Gaffney is headquartered in Gaffney and is the 34^th largest bank in the state of South Carolina. It is also the 2,160^th largest bank in the nation. It was established in 1933 and as of March of 2012, it had grown to 70 employees at 6 locations. First Piedmont Federal Savings and Loan Association of Gaffney has a 4-star health rating.

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Data for Q1 2012

Institution Statistics First Piedmont Federal Savings and Loan Association of Gaffney OTS # 02502 FDIC Certificate # 28859 BankRate Report View Year Established 1933 Employees 70 Primary Regulator OCC Assets and Liabilities Assets $302.74 million Loans $193.33 million Deposits $222.07 million Equity Capital $78.90 million Loan Loss Allowance $1.96 million Unbacked Noncurrent Loans $1.98 million Real Estate Owned $16.09 million Historic Data - March 2011 Assets $283.16 million Equity Capital $75.09 million Loan Loss Allowance $1.27 million Unbacked Noncurrent Loans $1.97 million Real Estate Owned $14.40 million Profit Margin - Quarterly Net Interest Margin 4.68% Return on Assets 1.34% Return on Equity 5.05% Interest Income $3.22 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 Piedmont Federal Savings and Loan Association of Gaffney had $18.07 million in non-current loans and owned real-estate with $80.86 million in equity and loan loss allowances on hand to cover it. This gives First Piedmont Federal Savings and Loan Association of Gaffney a Texas Ratio of 22.34% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Piedmont Federal Savings and Loan Association of Gaffney held steady from 21.44% as of March 31, 2011 to 22.34% as of March 31, 2012, resulting in a negative change of 4.23%. This indicates that the balance sheet and financial strength for First Piedmont Federal Savings and Loan Association of Gaffney has held steady in recent periods. Deposit Growth In the past year, First Piedmont Federal Savings and Loan Association of Gaffney has increased its total deposits by $15.5 million, resulting in 7.5% 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 Piedmont Federal Savings and Loan Association of Gaffney 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 Piedmont Federal Savings and Loan Association of Gaffney has $302.74 million in assets with $80.86 million in equity, resulting in a capitalization level of 26.71%, which is excellent.

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