Oconee Federal Savings and Loan Association
Seneca, South Carolina, Oconee County
$679M in total assets, the 1,429th largest of 4,309 US banks and 20th of 44 headquartered in South Carolina.
- FDIC certificate
- 30111
- Established
- 1924
- Owned by
- Oconee Federal Mhc
- Primary regulator
- OCC
- Website
- www.oconeefederal.com
At a glance
Compared with 26 banks headquartered in South Carolina with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $679M | 81% | $411M | |
| Loans | $499M | 85% | $184M | |
| Deposits | $571M | 81% | $355M | |
| Return on assets | 0.76% | 35% | 0.96% | |
| Net interest margin | 2.98% | 15% | 3.85% | |
| Efficiency ratio | 61.1% | 31% | 71.0% | |
| Equity to assets | 12.25% | 65% | 10.15% | |
| Loans to deposits | 87% | 77% | 74% |
Growth
Total assets grew 4.5% a year over the last 5 years and 3.4% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jan 2024 | Mutual Savings Bank Hartsville, SC | $50M |
| Dec 2014 | Stephens Federal Bank Toccoa, GA | $147M |
Where they operate
8 branches in 5 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Oconee County, SC | $386M | 23.0% | 1 of 10 |
| Stephens County, GA | $78M | 17.7% | 3 of 5 |
| Rabun County, GA | $48M | 6.7% | 6 of 6 |
| Pickens County, SC | $34M | 1.2% | 13 of 15 |
| Darlington County, SC | $26M | 3.0% | 7 of 9 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 1 branch since 2016 (7 to 8, +14.3%). 1 opened, 1 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 7 | |||
| 2020 | Opened Clemson | 1 | 0 | +1 | 8 |
| 2024 | Acquired Mutual Savings Bank | 1 | 0 | +1 | 9 |
| 2025 | Closed Toccoa | 0 | 1 | −1 | 8 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 80% | 48% | |
| Commercial real estate | 10% | 26% | |
| Construction and land | 9% | 10% | |
| Consumer | 1% | 3% | |
| Business (C&I) | 0% | 8% | |
| Farmland | 0% | 2% | |
| Multifamily | 0% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Time deposits | 45% | 29% | |
| Other interest-bearing | 40% | 48% | |
| Noninterest-bearing | 15% | 23% |
Brokered deposits are 0.0% of deposits (peers 3.0%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.33% | 0.39% |
| Net charge-offs, annualized | -0.00% | 0.00% |
| Reserves to loans | 0.75% | 1.01% |
| Leverage ratio | 13.55% | 11.71% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in South Carolina
Largest competitors in Oconee County, SC
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/oconee-federal-savings-loan-association-seneca-sc