Overview / Commentary
2170 West Palmetto Street
Florence, SC 29501

First Reliance Bank is headquartered in Florence and is the 13th largest bank in the state of South Carolina. It is also the 1,253rd largest bank in the nation. It was established in 1999 and as of December of 2018, it had grown to 163 employees at 13 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 - YTD0.69%
Return on Equity - YTD6.23%
Annual Interest Income$23.6MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$583.1MM$456.9MM
LoansQ4 2018vs Q4 2017$440.7MM$339.1MM
DepositsQ4 2018vs Q4 2017$479.4MM$370.9MM
Equity CapitalQ4 2018vs Q4 2017$62.4MM$46.2MM
Loan Loss AllowanceQ4 2018vs Q4 2017$3.0MM$2.5MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$1.9MM$1.4MM
Real Estate OwnedQ4 2018vs Q4 2017$341.00K$1.7MM

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