First Reliance Bank Reviews and Rates

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

firstreliance.com

843-656-5000

2170 West Palmetto Street
Florence, SC 29501

First Reliance Bank is headquartered in FLORENCE and is the 11^th largest bank in the state of South Carolina. It is also the 952^nd largest bank in the nation. It was established in 1999 and as of March of 2025, it had grown to 171 employees at 12 locations. First Reliance Bank has an A health rating.

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Health

Data as of Q1 2025

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Health Grade Components

Overall
FDIC Certificate #	35214
Year Established	1999
Employees	171
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.68%
Return on Equity - YTD	7.56%
Annual Interest Income	$13.8MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$1.1B$1.03B
Loans	Q1 2025vs Q1 2024	$798.2MM$735MM
Deposits	Q1 2025vs Q1 2024	$983.5MM$884.3MM
Equity Capital	Q1 2025vs Q1 2024	$98.9MM$91.7MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$8.7MM$8.5MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$933K$169K
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Locations

Availability

Florence Area

Florence Area bank & credit union details

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