First Reliance Bank is headquartered in Florence and is the 11th largest bank in the state of South Carolina. It is also the 1,074th largest bank in the nation. It was established in 1999 and as of December of 2021, it had grown to 180 employees at 12 locations. First Reliance Bank has an A+ health rating.
Ive had the worst experience with banking with this bank till it doesn't make any sense. When I 1st opened it. They made it an issue then it won't deposit none of my checks from my job until a day after I get my check. Then they took money out of my checking and said they put it on my CD but its still haven't shown on my CD. Then I go to close my account. But they tell me they have a 90 day policy where they take most of my money and leave me 1% of what I've put in on my account. Its like they holding my money hostage for no apparent reason. And I don't appreciate the fact that they have so many rules and limits ur control of ur own money. Wells Fargo, & BB&T treats you waaaaay better then this bank. I would not advise you to bank with them that's all im goin to say. But y'all have a nice day. And feel free to bank where ever just know you've been worn
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.
|FDIC Certificate #||35214|
|Return on Assets - YTD||0.73%|
|Return on Equity - YTD||7.04%|
|Annual Interest Income||$26.7MM|
|Assets and Liabilities|
|Assets||Q4 2021vs Q4 2020||$908.0MM$707.6MM|
|Loans||Q4 2021vs Q4 2020||$603.2MM$507.4MM|
|Deposits||Q4 2021vs Q4 2020||$785.3MM$599.4MM|
|Equity Capital||Q4 2021vs Q4 2020||$89.8MM$82.0MM|
|Loan Loss Allowance||Q4 2021vs Q4 2020||$7.1MM$6.2MM|
|Unbacked Noncurrent Loans||Q4 2021vs Q4 2020||$782.00K$1.4MM|
|Real Estate Owned||Q4 2021vs Q4 2020||$135.00K$164.00K|
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