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Overview / Commentary
843-656-5000
2170 West Palmetto Street
Florence, SC 29501

First Reliance Bank is headquartered in Florence and is the 18th largest bank in the state of South Carolina. It is also the 1,615th largest bank in the nation. It was established in 1999 and as of June of 2017, it had grown to 130 employees at 8 locations. First Reliance Bank has an A health rating.

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

Health Grade Components

Overall
FDIC Certificate #35214
Year Established1999
Employees130
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD7.34%
Annual Interest Income$8.3MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$434.9MM$382.1MM
LoansQ2 2017vs Q2 2016$315.2MM$283.1MM
DepositsQ2 2017vs Q2 2016$358.2MM$324.3MM
Equity CapitalQ2 2017vs Q2 2016$46.9MM$43.8MM
Loan Loss AllowanceQ2 2017vs Q2 2016$2.9MM$2.7MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$2.3MM$2.6MM
Real Estate OwnedQ2 2017vs Q2 2016$2.2MM$2.6MM
Rates

Sorry, we do not have rate data for First Reliance Bank.

Locations


First Reliance Bank Locations
First Reliance Bank2170 West Palmetto StreetFlorence, SC 29501
Charleston Peninsula Branch25 Cumberland StreetCharleston, SC 29401
Sunset Blvd, West Columbia Branch2805 A Sunset BlvdWest Columbia, SC 29169
Second Loop Branch411 Second Loop RoadFlorence, SC 29501
Mount Pleasant Branch800 South Shelmore BoulevardMount Pleasant, SC 29464
Lexington North Lake Dr Branch801 N Lake DrLexington, SC 29072
Loris Branch348 Highway 701 North, Unit 2Loris, SC 29569
Summerville Branch133 E. 1st North Street, Suite 4Summerville, SC 29483