Overview / Commentary
2170 West Palmetto Street
Florence, SC 29501

First Reliance Bank is headquartered in Florence and is the 14th largest bank in the state of South Carolina. It is also the 1,332nd largest bank in the nation. It was established in 1999 and as of June of 2018, it had grown to 166 employees at 12 locations. First Reliance Bank has an A+ health rating.

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Reviews (1)

Small town banking

Banking with First Reliance was an overall frustrating experience. There fees were unreasonable and they were difficult to deal with when I needed to close a bank account after my divorce. I was charged a fee to buy checks and open a savings account. Charged monthly to use my debit card, and fees when online banking. Trying to get in touch with the bank was difficult. Dialing the local number I would get the 1800 number and not the back itself. That was annoying to me. Their tellers were kind but would never give a straightforward answer to certain questions when asked. When I ask about a fee I expect truthfulness. That's better than acting like you don't know. Over all it was annoying.


Health Grade Components

FDIC Certificate #35214
Year Established1999
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD6.44%
Annual Interest Income$11.2MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$536.0MM$434.9MM
LoansQ2 2018vs Q2 2017$404.0MM$315.2MM
DepositsQ2 2018vs Q2 2017$452.9MM$358.2MM
Equity CapitalQ2 2018vs Q2 2017$61.6MM$46.9MM
Loan Loss AllowanceQ2 2018vs Q2 2017$2.4MM$2.9MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$2.2MM$2.3MM
Real Estate OwnedQ2 2018vs Q2 2017$200.00K$2.2MM

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