First Reliance Bank
Florence, South Carolina, Florence County
$1.1B in total assets, the 961st largest of 4,309 US banks and 13th of 44 headquartered in South Carolina.
- FDIC certificate
- 35214
- Established
- 1999
- Owned by
- First Reliance Bancshares Inc
- Primary regulator
- FDIC
- Website
- firstreliance.com
At a glance
Compared with 12 banks headquartered in South Carolina with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.1B | 8% | $1.8B | |
| Loans | $839M | 25% | $1.0B | |
| Deposits | $922M | 2% | $1.5B | |
| Return on assets | 1.17% | 42% | 1.19% | |
| Net interest margin | 3.87% | 83% | 3.53% | |
| Efficiency ratio | 66.4% | 92% | 59.1% | |
| Equity to assets | 10.15% | 83% | 9.28% | |
| Loans to deposits | 91% | 67% | 80% |
Growth
Total assets grew 6.3% a year over the last 5 years and 11.4% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jan 2018 | Independence National Bank Greenville, SC | $82M |
Where they operate
10 branches in 6 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Florence County, SC | $374M | 10.4% | 5 of 14 |
| Charleston County, SC | $185M | 0.9% | 19 of 32 |
| Lexington County, SC | $135M | 2.0% | 11 of 19 |
| Richland County, SC | $112M | 0.6% | 13 of 23 |
| Greenville County, SC | $91M | 0.5% | 22 of 36 |
| Horry County, SC | $25M | 0.2% | 19 of 21 |
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 4 branches since 2016 (6 to 10, +66.7%). 9 opened, 3 acquired, 8 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 6 | |||
| 2016 | Opened Loris | 1 | 0 | +1 | 7 |
| 2017 | Opened Summerville | 1 | 0 | +1 | 8 |
| 2018 | Acquired Independence National BankOpened Myrtle Beach and Winston Salem, closed Loris | 5 | 1 | +4 | 12 |
| 2019 | Opened MooresvilleClosed Summerville | 1 | 1 | 0 | 12 |
| 2020 | Opened Winston SalemClosed Charleston and Winston Salem | 1 | 2 | −1 | 11 |
| 2021 | Opened Columbia | 1 | 0 | +1 | 12 |
| 2022 | Closed Taylors | 0 | 1 | −1 | 11 |
| 2024 | Opened Mount Pleasant | 1 | 0 | +1 | 12 |
| 2025 | Sold 2 branches to Carter Bank & TrustOpened Myrtle Beach, closed Myrtle Beach | 1 | 3 | −2 | 10 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 44% | 38% | |
| 1-4 family residential | 38% | 33% | |
| Business (C&I) | 8% | 8% | |
| Construction and land | 6% | 11% | |
| Consumer | 1% | 6% | |
| Multifamily | 1% | 3% | |
| Farmland | 1% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 55% | 55% | |
| Noninterest-bearing | 27% | 20% | |
| Time deposits | 18% | 25% |
Brokered deposits are 9.7% of deposits (peers 5.9%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.07% | 0.14% |
| Net charge-offs, annualized | -0.00% | 0.02% |
| Reserves to loans | 1.11% | 1.14% |
| Leverage ratio | 10.53% | 9.50% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in South Carolina
Largest competitors in Florence 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/first-reliance