First Reliance Bancshares Inc (FSRL) Financial Statements (2024 and earlier)

Company Profile

Business Address 2170 W PALMETTO ST
FLORENCE, SC 29501
State of Incorp. SC
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  
Cash and cash equivalents  
Receivables2,1062,007
Disposal group, including discontinued operation  
Deferred tax assets(105) 
Total current assets:2,0012,007
Noncurrent Assets
Property, plant and equipment24,33424,627
Total noncurrent assets:24,33424,627
Other undisclosed assets329,073391,643
TOTAL ASSETS:355,408418,277
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  
Interest and dividends payable  
Debt  
Total current liabilities:  
Noncurrent Liabilities
Other undisclosed liabilities323,315377,079
Total liabilities:323,315377,079
Equity
Equity, attributable to parent, including:32,09341,198
Common stock4641
Treasury stock, value(202)(182)
Additional paid in capital30,60927,991
Accumulated other comprehensive income2041,479
Accumulated deficit(14,448)(6,207)
Other undisclosed equity, attributable to parent15,88318,076
Total equity:32,09341,198
TOTAL LIABILITIES AND EQUITY:355,408418,277

Income Statement (P&L) ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
Revenues  
Net investment income  
Financial services revenue  
Cost of revenue
(Financial Services Costs)
(610) 
Gross profit:(610) 
Operating expenses(14,132)(10,472)
Other operating income, net
(Noninterest Income, Other Operating Income)
331344
Operating income (loss):(14,411)(10,128)
Nonoperating income155209
Gains (losses) on sales of other real estate(191)(162)
Bank owned life insurance income346371
Interest and debt expense(2,448)(4,481)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes10,36514,683
Income (loss) from continuing operations before income taxes:(6,340)283
Income tax expense (benefit)(800)190
Income (loss) from continuing operations:(7,139)473
Income (loss) before gain (loss) on sale of properties:(7,139)473
Net income (loss):(7,139)473
Other undisclosed net loss attributable to parent (597)(197)
Net income (loss) attributable to parent:(7,737)276
Preferred stock dividends and other adjustments(1,140)(1,176)
Other undisclosed net income available to common stockholders, basic  
Net income (loss) available to common stockholders, diluted:(8,877)(900)

Comprehensive Income ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
Net income (loss):(7,139)473
Other comprehensive income 46 
Comprehensive income (loss):(7,093)473
Other undisclosed comprehensive loss, net of tax, attributable to parent  
Comprehensive income (loss), net of tax, attributable to parent:(7,093)473

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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