Woodruff Federal Savings and Loan Association
LOCATIONS
1
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HEALTH RATING
A
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CURRENT TOP RATE
4.30% APY
182 Day CD
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Overview / Commentary
Woodruff Federal Savings and Loan Association is headquartered in WOODRUFF and is the 39th largest bank in the state of South Carolina. It is also the 3,876th largest bank in the nation. It was established in 1934 and as of June of 2024, it had grown to 10 employees at 1 location. Woodruff Federal Savings and Loan Association's CD rates are 4X the national average, and it has an A health rating.
Health
A
Data as of Q2 2024
Learn why bank health mattersAdditional 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 | 10 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.17% |
| Return on Equity - YTD | 0.48% |
| Annual Interest Income | $1.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $96.8MM$96.2MM |
| Loans | Q2 2024vs Q2 2023 | $58.8MM$56.9MM |
| Deposits | Q2 2024vs Q2 2023 | $62MM$61.5MM |
| Equity Capital | Q2 2024vs Q2 2023 | $33.2MM$33.1MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $700K$569K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $396K$473K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |