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Last $4.50 USD
Change Today 0.00 / 0.00%
Volume 0.0
FSRL On Other Exchanges
Symbol
Exchange
OTC BB
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

first reliance bancshares in (FSRL) Snapshot

Open
$4.50
Previous Close
$4.50
Day High
$4.50
Day Low
$4.50
52 Week High
08/5/15 - $4.74
52 Week Low
09/25/14 - $2.80
Market Cap
21.2M
Average Volume 10 Days
5.8K
EPS TTM
$2.07
Shares Outstanding
4.7M
EX-Date
--
P/E TM
2.2x
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 six branches primarily located in Florence, Lexington, and Charleston Counties, South Carolina. First Reliance Bancshares, Inc. was founded in 1999 and is headquartered in Florence, South Carolina.

123 Employees
Last Reported Date: 07/31/15
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. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

First Reliance Bancshares Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. The company announced that it had net income of $7.0 million for the quarter ended June 30, 2015. This compares to a net income of $372,331 for the quarter ended June 30, 2014. The increase in net income is largely attributed to a deferred tax asset recapture of $6.9 million. Additionally, the company had one-time credit and mortgage charges of $585,000 during the quarter ended June 30, 2015. The company reported total interest income of $3.78 million, net interest income of $3.56 million and diluted income per share of $1.45 against total interest income of $3.65 million, net interest income of $3.35 million and diluted income per share of $0.02 for the same period a year ago. Net income for six months ended June 30, 2015 was $7.5 million. This compares to net income of $718,689 for the six months ended June 30, 2014. Operating results were positively impacted by asset growth of $13 million since December 31, 2014 through robust retail and correspondent mortgage production and continued consumer loan and 1-4 family mortgage originations. Net interest income increased $426,219, and totaled $7.0 million for the six months ended June 30, 2015, compared to $6.5 million for the six months ended June 30, 2014. Interest income increased $207,277 while interest expense was reduced by $218,942. The Company continues to benefit from increased loan volume and a declining cost of funds, which was 0.20% for the six months ended June 30, 2015 compared to 0.33% for the six months ended June 30, 2014. The company reported total interest income of $7.46 million and diluted income per share of $1.56 against total interest income of $7.25 million and diluted income per share of $0.04 for the same period a year ago.

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.

 

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Company Last Change
CNB Corp/MI $16.45 USD 0.00
Community First Bancorporation/SC $4.24 USD 0.00
Greer Bancshares Inc $10.00 USD +0.50
Tidelands Bancshares Inc $0.13 USD +0.0099
Village Bank and Trust Financial Corp $18.80 USD 0.00
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Industry Analysis

FSRL

Industry Average

Valuation FSRL Industry Range
Price/Earnings 2.3x
Price/Sales 1.2x
Price/Book 0.9x
Price/Cash Flow 1.9x
TEV/Sales NM Not Meaningful

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