First Reliance Bank Mortgage Rates, Fees & Info

Florence, SC

LEI: 549300SLZFPDLWNB0O94

Tax ID: 58-2463842

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Mortgage Data

Bank Data

Review & Overview

First Reliance Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. First Reliance Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Greenville, Columbia, Charleston, Florence, and Charlotte among others. We have data for 69 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Reliance Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. First Reliance Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.55% 4/28/24
30 Year Conventional Refi 6.36% 4/28/24
30 Year Cash-out Refi 6.62% 4/28/24
30 Year FHA Purchase 7.10% 4/28/24
30 Year FHA Refi 6.85% 4/28/24
30 Year VA Purchase 6.15% 4/28/24
30 Year USDA Purchase 6.48% 4/28/24
30 Year USDA Refi 6.27% 4/28/24
15 Year Conventional Purchase 6.06% 4/28/24
15 Year Conventional Refi 6.09% 4/28/24
15 Year Cash-out Refi 6.09% 4/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

First Reliance Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First Reliance Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

2,413

Origination Dollar Volume (All Markets)

$580,175,000

Employee count

180 Show all (8) awards

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 543 $112,035,000 $206,326 $2,833 2.96%
COLUMBIA, SC (FHA|USDA|VA) 278 $74,710,000 $268,741 $4,032 3.07%
Outside of Metro Areas 356 $72,860,000 $204,663 $3,718 2.98%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 136 $59,210,000 $435,368 $4,006 3.03%
FLORENCE, SC (FHA|USDA|VA) 271 $51,235,000 $189,059 $3,673 3.27%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 107 $44,125,000 $412,383 $3,662 3.03%
ROANOKE, VA (FHA|USDA|VA) 180 $40,080,000 $222,667 $2,716 3.05%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 90 $21,390,000 $237,667 $3,741 3.02%
LYNCHBURG, VA (FHA|USDA|VA) 68 $12,800,000 $188,235 $3,714 3.12%
RICHMOND, VA (FHA|USDA|VA) 46 $10,850,000 $235,870 $2,896 2.99%
SPARTANBURG, SC (FHA|USDA|VA) 50 $9,170,000 $183,400 $2,937 2.97%
Mount Airy, NC (FHA|USDA|VA) 38 $8,730,000 $229,737 $4,842 2.74%
Georgetown, SC (FHA|USDA|VA) 14 $6,240,000 $445,714 $5,190 2.94%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 17 $6,145,000 $361,471 $4,601 2.93%
RALEIGH-CARY, NC (FHA|USDA|VA) 15 $5,265,000 $351,000 $4,257 3.03%
WINSTON-SALEM, NC (FHA|USDA|VA) 24 $4,330,000 $180,417 $3,294 3.84%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 9 $3,365,000 $373,889 $5,013 2.96%
ASHEVILLE, NC (FHA|USDA|VA) 10 $3,170,000 $317,000 $5,071 3.06%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 11 $2,655,000 $241,364 $3,271 2.99%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 15 $2,555,000 $170,333 $4,052 2.99%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 14 $2,330,000 $166,429 $4,081 2.91%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 5 $1,885,000 $377,000 $6,277 2.88%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 5 $1,635,000 $327,000 $4,574 2.93%
Henderson, NC (FHA|USDA|VA) 7 $1,605,000 $229,286 $3,373 3.30%
Seneca, SC (FHA|USDA|VA) 7 $1,575,000 $225,000 $5,107 2.93%
HARRISONBURG, VA (FHA|USDA|VA) 5 $1,385,000 $277,000 $5,150 3.10%
SUMTER, SC (FHA|USDA|VA) 9 $1,335,000 $148,333 $2,887 3.03%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 4 $1,290,000 $322,500 $2,799 2.53%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 7 $1,285,000 $183,571 $2,811 3.11%
Roanoke Rapids, NC (FHA|USDA|VA) 3 $1,125,000 $375,000 $3,515 3.04%
STAUNTON, VA (FHA|USDA|VA) 7 $1,065,000 $152,143 $2,864 2.88%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 6 $1,010,000 $168,333 $2,968 2.69%
Newberry, SC (FHA|USDA|VA) 3 $795,000 $265,000 $5,222 3.21%
Kill Devil Hills, NC (FHA|USDA|VA) 2 $740,000 $370,000 $3,582 2.94%
SAVANNAH, GA (FHA|USDA|VA) 3 $685,000 $228,333 $4,917 3.29%
Boone, NC (FHA|USDA|VA) 2 $590,000 $295,000 $2,784 3.63%
Dublin, GA (FHA|USDA|VA) 4 $530,000 $132,500 $3,314 3.03%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $500,000 $250,000 $2,892 3.63%
North Wilkesboro, NC (FHA|USDA|VA) 3 $485,000 $161,667 $6,038 2.58%
WILMINGTON, NC (FHA|USDA|VA) 2 $480,000 $240,000 $4,648 3.25%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $445,000 $445,000 $4,906 3.00%
Lumberton, NC (FHA|USDA|VA) 2 $410,000 $205,000 $4,354 2.56%
Jefferson, GA (FHA|USDA|VA) 1 $375,000 $375,000 $7,029 3.25%
Orangeburg, SC (FHA|USDA|VA) 1 $375,000 $375,000 $9,925 2.00%
Gaffney, SC (FHA|USDA|VA) 1 $365,000 $365,000 $4,087 2.63%
Cornelia, GA (FHA|USDA|VA) 1 $355,000 $355,000 $6,340 3.13%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $355,000 $355,000 $3,249 3.13%
Cullowhee, NC (FHA|USDA|VA) 2 $350,000 $175,000 $3,492 2.88%
Greenwood, SC (FHA|USDA|VA) 2 $330,000 $165,000 $2,740 2.38%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $305,000 $305,000 $3,367 2.88%
KNOXVILLE, TN (FHA|USDA|VA) 1 $305,000 $305,000 $3,382 3.38%
Shelby, NC (FHA|USDA|VA) 2 $290,000 $145,000 $2,473 2.50%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $260,000 $130,000 $3,820 2.94%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $245,000 $245,000 $2,963 3.38%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $245,000 $245,000 $2,599 2.75%
Martinsville, VA (FHA|USDA|VA) 1 $215,000 $215,000 $3,539 2.88%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $185,000 $185,000 $5,400 3.88%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $165,000 $165,000 $4,650 3.50%
Statesboro, GA (FHA|USDA|VA) 2 $160,000 $80,000 $3,452 2.56%
VALDOSTA, GA (FHA|USDA|VA) 1 $155,000 $155,000 $2,550 3.00%
NEW BERN, NC (FHA|USDA|VA) 1 $155,000 $155,000 $5,061 2.88%
DALTON, GA (FHA|USDA|VA) 1 $145,000 $145,000 $2,923 3.25%
GREENVILLE, NC (FHA|USDA|VA) 1 $145,000 $145,000 $3,253 3.38%
Douglas, GA (FHA|USDA|VA) 1 $135,000 $135,000 $2,782 3.25%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $115,000 $115,000 $2,097 1.75%
Bennettsville, SC (FHA|USDA|VA) 1 $95,000 $95,000 $4,785 3.25%
Danville, VA (FHA|USDA|VA) 1 $95,000 $95,000 $4,453 3.13%
Vidalia, GA (FHA|USDA|VA) 1 $95,000 $95,000 $4,224 3.00%
CLEVELAND, TN (FHA|USDA|VA) 1 $55,000 $55,000 $3,441 2.25%
First Reliance Bank's top markets include Greenville, Columbia, Charleston, Florence, and Charlotte among others.

Their top states include:
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,294 $556,450,000 $242,568 $3,387 3.05%
    USDA 67 $11,265,000 $168,134 $4,925 2.75%
    FHA 34 $7,170,000 $210,882 $6,981 2.91%
    VA 18 $5,290,000 $293,889 $6,085 2.74%

    For 2021, First Reliance Bank's most frequently originated type of loan was Conventional, with 2,294 originations. Their 2nd most popular type was USDA, with 67 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 982 $245,500,000 $250,000 $3,958 3.19%
    Refi 820 $196,870,000 $240,085 $3,159 2.83%
    Cash Out Refi 600 $134,750,000 $224,583 $3,272 3.04%
    Home Improvement 8 $2,760,000 $345,000 $3,772 3.88%
    Other 3 $295,000 $98,333 $2,256 4.53%

    For 2021, First Reliance Bank's most frequently cited loan purpose was Home Purchase, with 982 originations. The 2nd most popular reason was Refi, with 820 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,623 $396,205,000 $244,119 $3,601 3.11%
    15 Year 455 $90,815,000 $199,593 $3,032 2.50%
    20 Year 144 $30,000,000 $208,333 $3,312 2.85%
    Other 50 $22,680,000 $453,600 $4,335 3.97%
    10 Year 48 $6,900,000 $143,750 $2,769 2.24%
    1 Year 35 $3,865,000 $110,429 $4,282 5.78%
    5 Year 32 $8,800,000 $275,000 $0 4.42%
    30+ year 25 $20,705,000 $828,200 $6,839 3.25%
    3 Year 1 $205,000 $205,000 $0 3.80%

    For 2021, First Reliance Bank's most frequently cited loan duration was 30 Year, with 1,623 originations. The 2nd most popular length was 15 Year, with 455 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,541 $367,615,000 $238,556
    $1k-2k 450 $95,930,000 $213,178
    $2k-3k 160 $36,550,000 $228,438
    $3k-4k 70 $17,540,000 $250,571
    $5k+ 67 $30,195,000 $450,672
    $4k-5k 51 $16,695,000 $327,353

    First Reliance Bank's average total fees were $3,601, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,541 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,047 $253,615,000 $242,230
    3-4% 825 $221,055,000 $267,945
    <2.5% 411 $85,585,000 $208,236
    4-5% 90 $16,590,000 $184,333
    5-6% 25 $2,395,000 $95,800
    7-8% 7 $425,000 $60,714
    6-7% 6 $420,000 $70,000
    Over 8% 2 $90,000 $45,000

    During 2021, First Reliance Bank's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,047 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 969 $144,195,000 $148,808 $3,121 3.02%
    $200k-400k 916 $250,050,000 $272,980 $3,715 2.92%
    $100,000 or less 255 $19,105,000 $74,922 $2,695 3.51%
    $400k-600k 208 $100,670,000 $483,990 $4,567 2.97%
    $600k-1MM 42 $31,720,000 $755,238 $5,116 3.25%
    $1MM+ 23 $34,435,000 $1,497,174 $7,056 3.41%

    2021 saw First Reliance Bank place emphasis on $100k-200k loans with 969 originations, totaling $144,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 548 $100,280,000 $182,993 $3,326 2.99%
    $100k-150k 466 $121,150,000 $259,979 $3,531 2.97%
    $50k or less 435 $59,875,000 $137,644 $3,142 3.00%
    $75k-100k 406 $88,790,000 $218,695 $3,431 3.01%
    $150k-250k 306 $97,490,000 $318,595 $3,808 2.99%
    $250k+ 186 $96,320,000 $517,849 $4,518 3.04%

    First Reliance Bank lent most frequently to those with incomes in the $50k-75k range, with 548 originations. The second most popular income band? $100k-150k, with 466 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 669 $149,235,000 $223,072 $3,372 2.96%
    30-36% 432 $107,080,000 $247,870 $3,417 3.05%
    <20% 389 $87,525,000 $225,000 $3,275 2.89%
    42% 84 $21,100,000 $251,190 $3,913 3.00%
    37% 81 $19,515,000 $240,926 $3,806 3.19%
    44% 80 $19,190,000 $239,875 $3,737 3.02%
    36% 78 $18,460,000 $236,667 $3,532 3.01%
    43% 78 $21,100,000 $270,513 $3,610 3.03%
    38% 78 $20,140,000 $258,205 $3,825 2.98%
    39% 70 $20,540,000 $293,429 $3,797 3.02%
    41% 67 $17,135,000 $255,746 $3,559 3.19%
    40% 63 $15,095,000 $239,603 $3,589 3.08%
    45% 50 $13,460,000 $269,200 $3,562 3.00%
    49% 36 $7,690,000 $213,611 $3,577 2.84%
    46% 32 $9,430,000 $294,688 $4,373 3.16%
    47% 32 $8,500,000 $265,625 $3,796 2.89%
    48% 27 $6,915,000 $256,111 $3,791 2.97%
    50-60% 5 $1,175,000 $235,000 $6,976 2.90%
    >60% 3 $2,205,000 $735,000 $9,311 4.70%

    First Reliance Bank lent most frequently to those with DTI ratios of 20-30%, with 669 originations. The next most common DTI ratio? 30-36%, with 432 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,092 $504,910,000 $241,353 $3,476 2.99%
    Not provided 116 $28,460,000 $245,345 $3,484 2.96%
    Black 77 $14,355,000 $186,429 $3,799 3.22%
    Asian 50 $14,330,000 $286,600 $4,322 3.00%
    Not applicable 57 $13,985,000 $245,351 $0 4.84%
    American Indian 7 $1,415,000 $202,143 $3,530 2.84%
    Vietnamese 7 $1,145,000 $163,571 $3,311 3.35%
    Other Asian 3 $865,000 $288,333 $4,128 2.83%
    Asian Indian 3 $605,000 $201,667 $3,875 2.33%
    Other Pacific Islander 1 $105,000 $105,000 $2,335 2.88%

    Approval Rates

    Total approvals of all applications
    92.00%

    First Reliance Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.25%

    First Reliance Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,413 $580,175,000 $240,437

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,413 $580,175,000 $240,437

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 145 $23,925,000 $165,000 $2,912 2.89%
    40-60% 466 $103,470,000 $222,039 $3,046 2.90%
    60-80% 1,047 $266,545,000 $254,580 $3,437 3.10%
    80-100% 734 $184,160,000 $250,899 $4,002 3.06%
    Over 100% 5 $1,175,000 $235,000 $7,704 2.93%
    Under 20% 16 $900,000 $56,250 $1,541 2.90%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    FIRST REPUBLIC BANK Conventional home mortgage Closing on a mortgage 1 50.0%
    FIRST REPUBLIC BANK Other type of mortgage Struggling to pay mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Reliance Bank 150 Highway 14 Simpsonville, SC 29681 Full Service B&M $27,177
    First Reliance Bank 1901 Main Street, Suite 1550 Columbia, SC 29201 Full Service B&M $54,214
    First Reliance Bank 2170 West Palmetto Street Florence, SC 29501 Full Service B&M $252,306
    First Reliance Bank 249 Williamson Rd, Suite 101-B Mooresville, NC 28117 Full Service B&M $12,311
    First Reliance Bank 2801b Wade Hampton Boulevard Taylors, SC 29687 Full Service B&M $26,066
    First Reliance Bank 2805 A Sunset Blvd West Columbia, SC 29169 Full Service B&M $33,347
    First Reliance Bank 411 Second Loop Road Florence, SC 29501 Full Service B&M $57,080
    First Reliance Bank 500 East Washington Street Greenville, SC 29601 Full Service B&M $37,500
    First Reliance Bank 507 21st Avenue North Myrtle Beach, SC 29577 Full Service B&M $21,139
    First Reliance Bank 536 S Stratford Rd Winston Salem, NC 27103 Full Service B&M $8,360
    First Reliance Bank 800 South Shelmore Boulevard Mount Pleasant, SC 29464 Full Service B&M $105,562
    First Reliance Bank 801 N Lake Dr Lexington, SC 29072 Full Service B&M $79,336

    For 2021, First Reliance Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $26,717
    Net interest income $25,507
    Total noninterest income $16,223
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,221
    Trading account gains and fees $0
    Additional Noninterest Income $15,002
    Pre-tax net operating income $7,555
    Securities gains (or losses, -) $81
    Income before extraordinary items $6,060
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,060
    Minority interest net income $0
    Net income $6,060
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,996

    First Reliance Bank's gross interest income from loans was $26,717,000.
    First Reliance Bank's net interest income from loans was $25,507,000.
    First Reliance Bank's fee based income from loans was $1,221,000.
    First Reliance Bank's net income from loans was $6,060,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,210
    Provision for credit losses $300
    Total noninterest expense $33,875
    Salaries and employee benefits $20,547
    Premises and equipment expense $2,925
    Additional noninterest expense $10,403
    Applicable income taxes $1,576
    Net charge-offs $-564
    Cash dividends $0

    First Reliance Bank's interest expense for loans was $1,210,000.
    First Reliance Bank's payroll and benefits expense were $20,547,000.
    First Reliance Bank's property, plant and equipment expenses $2,925,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $785,321
    Deposits held in domestic offices $785,321
    Deposits by Individuals, partnerships, and corporations $769,260
    Deposits by U.S. Government $21
    Deposits by States and political subdivisions in the U.S. $15,896
    Deposits by Commercial banks and other depository institutions in U.S. $144
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $396,395
    Demand deposits $396,395
    Nontransaction accounts $388,926
    Money market deposit accounts (MMDAs) $204,432
    Other savings deposits (excluding MMDAs) $58,567
    Total time deposits $125,928
    Total time and savings deposits $388,926
    Noninterest-bearing deposits $242,506
    Interest-bearing deposits $542,815
    Retail deposits $743,304
    IRAs and Keogh plan accounts $12,642
    Brokered deposits $15,398
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $908,003
    Cash & Balances due from depository institutions $150,570
    Interest-bearing balances $145,082
    Total securities $81,779
    Federal funds sold & reverse repurchase $0
    Net loans and leases $603,247
    Loan and leases loss allowance $7,051
    Trading account assets $0
    Bank premises and fixed assets $29,439
    Other real estate owned $135
    Goodwill and other intangibles $14,992
    All other assets $27,841

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $908,003
    Total Liabilities $818,240
    Total deposits $785,321
    Interest-bearing deposits $542,815
    Deposits held in domestic offices $785,321
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $11,372
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $11,547

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $603,247
    Loan and leases loss allowance $7,051
    Total loans and leases (domestic) $610,298
    All real estate loans $476,981
    Real estate loans in domestic offices $476,981
    Construction and development loans $51,272
    Residential 1-4 family construction $15,309
    Other construction, all land development and other land $35,963
    Loans secured by nonfarm nonresidential properties $249,746
    Nonfarm nonresidential secured by owner-occupied properties $130,923
    Commercial real estate & other non-farm, non-residential $118,823
    Multifamily residential real estate $5,472
    1-4 family residential loans $165,121
    Farmland loans $5,370
    Loans held in foreign offices $0
    Farm loans $2,242
    Commercial and industrial loans $57,953
    To non-U.S. addressees $0
    Loans to individuals $72,654
    Credit card loans $0
    Related Plans $511
    Consumer Auto Loans $64,806
    Other loans to individuals $7,337
    All other loans & leases $468
    Loans to foreign governments and official institutions $0
    Other loans $468
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $897
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,405
    Non 1-4 family restructured loans & leases $706
    Total loans and leases (foreign) $0

    First Reliance Bank had $603,247,000 of loans outstanding in 2021. $476,981,000 of loans were in real estate loans. $51,272,000 of loans were in development loans. $5,472,000 of loans were in multifamily mortgage loans. $165,121,000 of loans were in 1-4 family mortgage loans. $2,242,000 of loans were in farm loans. $0 of loans were in credit card loans. $64,806,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 324 $86,570 $267,191
    Nonfarm, nonresidential loans - <$100k 42 $1,857 $44,214
    Nonfarm, nonresidential loans - $100-250k 93 $12,423 $133,581
    Nonfarm, nonresidential loans - $250k-1MM 189 $72,290 $382,487
    Commercial & Industrial, US addressed loans - <$1MM 543 $36,529 $67,273
    Commercial & Industrial, US addressed loans - <$100k 378 $8,155 $21,574
    Commercial & Industrial, US addressed loans - $100-250k 83 $7,380 $88,916
    Commercial & Industrial, US addressed loans - $250k-1MM 82 $20,994 $256,024
    Farmland loans - <$1MM 16 $939 $58,688
    Farmland loans - <$100k 10 $504 $50,400
    Farmland loans - $100-250k 6 $435 $72,500
    Agriculture operations loans - <$1MM 2 $179 $89,500
    Agriculture operations loans - $100-250k 2 $179 $89,500