Woodruff Federal Savings and Loan Association

Overview / Commentary

www.woodrufffederal.com

864-476-8144

247 North Main Street
Woodruff, SC 29388

Woodruff Federal Savings and Loan Association is headquartered in Woodruff and is the 39^th largest bank in the state of South Carolina. It is also the 4,201^st largest bank in the nation. It was established in 1934 and as of June of 2019, it had grown to 11 employees at 1 location. Woodruff Federal Savings and Loan Association's CD rates are 90% higher than the national average, and it has an A health rating.

Woodruff Federal S&LA Offers 3.03% APY On 36-Month CD - 6/26/2019

Woodruff Federal Savings & Loan Association (Upstate SC) has is currently offer 3.03% APY on its 36-month CD. Minimum opening deposit is $1k, with no stated balance cap.

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Health

Data as of Q2 2019

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Woodruff Federal Savings and Loan Association has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #	29238
Year Established	1934
Employees	11
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.73%
Return on Equity - YTD	2.06%
Annual Interest Income	$1.6MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$91.1MM$89.1MM
Loans	Q2 2019vs Q2 2018	$57.9MM$56.5MM
Deposits	Q2 2019vs Q2 2018	$57.3MM$55.7MM
Equity Capital	Q2 2019vs Q2 2018	$32.0MM$31.7MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$689.00K$685.00K
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$1.2MM$1.6MM
Real Estate Owned	Q2 2019vs Q2 2018	$0$0

Rates

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