First Reliance Bancshares, Inc. (FSRL)

First Reliance Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	45.84	42.81	36.17	28.56	25.29	26.78
Interest Income on Investments	10.28	9.68	8.85	4.64	1.44	1.34
Total Interest Income	56.13	52.49	45.02	33.21	26.72	28.12
Interest Paid on Deposits	18.3	18.41	12.55	1.96	1.03	2.39
Interest Paid on Borrowings	2.09	2.69	2.87	1.2	0.98	1.48
Total Interest Expense	20.4	21.11	15.42	3.16	2.02	3.87
Net Interest Income	35.73	31.38	29.6	30.04	24.71	24.25
Net Interest Income Growth (YoY)	18.11%	6.00%	-1.46%	21.60%	1.87%	10.75%
Mortgage Banking Activities	5.72	4.8	3.82	3.73	9.53	19.52
Gain (Loss) on Sale of Assets	1.27	-0.82	0.03	0.71	0.07	-0.53
Gain (Loss) on Sale of Investments	-0.33	-0.31	-1.53	-	0.08	-0.21
Other Non-Interest Income	3.23	3.23	3.22	3.15	2.97	2.4
Total Non-Interest Income	11.4	8.2	6.92	8.98	14.2	22.5
Non-Interest Income Growth (YoY)	45.99%	18.49%	-22.95%	-36.77%	-36.87%	131.86%
Revenues Before Loan Losses	47.12	39.58	36.52	39.02	38.91	46.75
Provision for Loan Losses	1.03	0.32	0.37	0.48	0.3	2.91
Revenue	46.1	39.26	36.15	38.54	38.61	43.84
Revenue Growth (YoY)	21.33%	8.59%	-6.19%	-0.17%	-11.94%	43.20%
Salaries and Employee Benefits	20.39	18.36	16.3	18.46	20.18	17.82
Occupancy Expenses	2.2	2.43	2.46	2.56	2.2	2.09
Selling, General & Administrative	7.87	7.41	7.66	6.34	6.47	6.05
Other Non-Interest Expense	3.95	3.4	3.92	3.61	3.35	3.69
Total Non-Interest Expense	34.42	31.6	30.34	30.97	32.2	29.66
EBT Excluding Unusual Items	11.68	7.66	5.81	7.57	6.41	14.18
Other Unusual Items	-	-	-	-	-	-0.29
Pretax Income	11.68	7.66	5.81	7.57	6.41	13.89
Income Tax Expense	2.79	1.74	1.21	1.64	1.13	3.28
Net Income	8.9	5.92	4.6	5.93	5.28	10.62
Net Income to Common	8.9	5.92	4.6	5.93	5.28	10.62
Net Income Growth	53.93%	28.66%	-22.38%	12.40%	-50.30%	159.64%
Basic Shares Outstanding	8	8	8	8	8	8
Diluted Shares Outstanding	8	8	8	8	8	8
Shares Change (YoY)	1.54%	1.59%	0.45%	-0.18%	1.30%	-0.31%
EPS (Basic)	1.13	0.75	0.59	0.76	0.68	1.34
EPS (Diluted)	1.06	0.71	0.56	0.73	0.65	1.32
EPS Growth	51.25%	26.79%	-23.29%	12.31%	-50.76%	158.82%
Effective Tax Rate	23.84%	22.68%	20.82%	21.66%	17.65%	23.60%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.