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Last $4.35 USD
Change Today +0.09 / 2.11%
Volume 500.0
FSRL On Other Exchanges
Symbol
Exchange
OTC BB
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

first reliance bancshares in (FSRL) Snapshot

Open
$4.39
Previous Close
$4.26
Day High
$4.39
Day Low
$4.35
52 Week High
07/31/15 - $4.39
52 Week Low
08/11/14 - $2.00
Market Cap
20.5M
Average Volume 10 Days
530.3
EPS TTM
$2.07
Shares Outstanding
4.7M
EX-Date
--
P/E TM
2.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for FIRST RELIANCE BANCSHARES IN (FSRL)

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first reliance bancshares in (FSRL) Details

First Reliance Bancshares, Inc. operates as the bank holding company for First Reliance Bank that provides various consumer and business banking services to individuals, and small and medium-sized businesses. It offers a range of deposit products, including checking accounts, NOW accounts, savings accounts, and other time deposits ranging from money market accounts to longer-term certificates of deposit. The company also provides secured and unsecured loans for working capital needs, business expansion, asset acquisition, and agricultural purposes; secured real estate loans to purchase existing or to construct new homes, and to refinance existing mortgages; commercial and industrial loans; commercial real estate loans; and various loans to individuals for personal and household purposes comprising secured and unsecured installment loans, as well as revolving lines of credit, such as credit cards. In addition, it provides various services, which include securities brokerage services and life insurance products; cash management services that comprise remote deposit capture and business deposit courier services; Internet banking and e-statements; electronic bill paying services; ATMs; and free coin machines. The company serves through its main office and five branch offices, primarily in Florence, Lexington, and Charleston Counties, South Carolina. First Reliance Bancshares, Inc. was founded in 1999 and is based in Florence, South Carolina.

92 Employees
Last Reported Date: 03/31/15
Founded in 1999

first reliance bancshares in (FSRL) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $282.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $186.0K
Chief Banking Officer, Senior Vice President ...
Total Annual Compensation: $161.5K
Compensation as of Fiscal Year 2014.

first reliance bancshares in (FSRL) Key Developments

First Reliance Bancshares Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

First Reliance Bancshares Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest income of $3,455,873 against $3,238,202 a year ago. Net interest income after provision for loan losses was $33,377,046 against $3,238,202 a year ago. Income before income taxes was $535,733 against $346,357 a year ago. Net income was $513,427 compared to $346,357 a year ago. Net income available to common shareholders was $150,817 or $0.03 per diluted share compared to $106,019 or $0.02 diluted loss per share a year ago. Return on assets was 0.65% against negative of 0.50% a year ago. Return on equity was 5.54% against 4.60% a year ago. The increase in net income from March 31, 2014 to March 31, 2015 is primarily attributed to an increase in net interest income of $217,673, supported by no-cost/low-cost annual deposit growth of $10.3 million, and an increase in noninterest income of $142,481. The company's operating results for the quarter were positively impacted by annual asset growth of $8.2 million, annual consumer loan growth of $5.4 million, and annual non-performing asset reduction of $3.7 million.

First Reliance Bancshares Inc., Annual General Meeting, Jun 04, 2015

First Reliance Bancshares Inc., Annual General Meeting, Jun 04, 2015., at 16:00 US Eastern Standard Time.

First Reliance Bancshares Inc. Announces Unaudited Consolidated Earnings Results for the Year Ended December 31, 2014

First Reliance Bancshares Inc. announced unaudited consolidated earnings results for the year ended December 31, 2014. For the year, the company reported net income of $4,407,611, or $0.67 per diluted share compared to net loss of $7,736,530 or $2.07 diluted loss per share a year ago. Net income available to common shareholders was $3,156,188 against loss of $8,876,633 a year ago. Net interest income was $13,914,475 against $12,257,788 a year ago. Return on assets was 1.20% against negative of 2.02% a year ago. Return on equity was 12.12% against negative of 19.57% a year ago. Income before income taxes was $1,326,367 against loss of $6,339,530 a year ago. The company's 2014 pre-tax operating results were positively impacted by an increase in net interest income, and significant reductions in noninterest expense.

 

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FSRL Competitors

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Company Last Change
CNB Corp/MI $16.00 USD -1.00
Community First Bancorporation/SC $5.00 USD 0.00
Greer Bancshares Inc $9.40 USD +0.10
Tidelands Bancshares Inc $0.25 USD -0.009
Village Bank and Trust Financial Corp $19.77 USD -0.229
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Industry Analysis

FSRL

Industry Average

Valuation FSRL Industry Range
Price/Earnings 2.1x
Price/Sales 1.1x
Price/Book 0.9x
Price/Cash Flow 1.8x
TEV/Sales NM Not Meaningful

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