Last $3.29 USD
Change Today 0.00 / 0.00%
Volume 0.0
FSRL On Other Exchanges
Symbol
Exchange
OTC BB
As of 8:10 PM 12/12/14 All times are local (Market data is delayed by at least 15 minutes).

first reliance bancshares in (FSRL) Snapshot

Open
$3.20
Previous Close
$3.29
Day High
$3.29
Day Low
$3.20
52 Week High
11/18/14 - $3.39
52 Week Low
04/14/14 - $1.55
Market Cap
15.6M
Average Volume 10 Days
2.5K
EPS TTM
$-0.28
Shares Outstanding
4.7M
EX-Date
--
P/E TM
--
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.

86 Employees
Last Reported Date: 03/17/14
Founded in 1999

first reliance bancshares in (FSRL) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $282.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $186.0K
Chief Banking Officer, Executive Vice Preside...
Total Annual Compensation: $161.5K
Compensation as of Fiscal Year 2013.

first reliance bancshares in (FSRL) Key Developments

First Reliance Bancshares Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

First Reliance BancShares reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter ended September 30, 2014, unaudited net income was $3,728,986, or $0.72 per diluted share. This compares to an unaudited net loss of $2,469,901, or $0.63 per diluted share for the quarter ended September 30, 2013. Pretax income increased 127% to $664,117 for the quarter ended September 30, 2014 from a loss before income taxes of $2,469,901. The 2014 pretax operating results were influenced by a growth in net interest income, reduced provision for loan losses, and reductions in noninterest expenses. Return on assets was 1.01% against negative return on assets of 0.68% a year ago. Return on equity was 10.25% against negative on equity of 6.63% a year ago. Interest income was $3,795,208 against $3,556,299 a year ago. Net interest income was $3,550,435 against $3,008,565 a year ago. The company reported net income of $4,447,675, or $0.77 per diluted share, for the nine months ended September 30, 2014. This compares to unaudited net loss of $2,651,556, or $0.84 per diluted share, for the nine months ended September 30, 2013. The difference in net income between the two periods primarily relates to a tax benefit of $3.1 million derived from the recapture of a portion of the company's deferred tax asset in the third quarter of 2014. Income before income taxes increased 152.2% to $1,382,806 from a loss before income taxes of $2,651,556 for the nine months ended September 30, 2014 and 2013, respectively. The 2014 pretax operating results were influenced by growth in net interest income, reduced provision for loan losses, and reductions in noninterest expenses. Net interest income increased $1,064,754 and totaled $10,142,202 for the nine months ended September 30, 2014, compared to $9,077,448 for the nine months ended September 30, 2013. Interest income was $11,047,007 against $11,115,676 a year ago.

First Reliance Bancshares Inc. Presents at FIG Partners 10th Annual Bank CEO Forum, Sep-15-2014

First Reliance Bancshares Inc. Presents at FIG Partners 10th Annual Bank CEO Forum, Sep-15-2014 . Venue: Four Seasons, Atlanta, Georgia, United States.

First Reliance Bancshares Inc. Files Form 15

First Reliance Bancshares Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended.

 

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