First Reliance Bancshares, Inc. (FSRL)

First Reliance Bancshares Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	46.31	42.81	36.17	28.56	25.29
Interest Income on Investments	10.47	9.68	8.85	4.64	1.44
Total Interest Income	56.78	52.49	45.02	33.21	26.72
Interest Paid on Deposits	17.92	18.41	12.55	1.96	1.03
Interest Paid on Borrowings	1.91	2.69	2.87	1.2	0.98
Total Interest Expense	19.83	21.11	15.42	3.16	2.02
Net Interest Income	36.95	31.38	29.6	30.04	24.71
Net Interest Income Growth (YoY)	17.73%	6.00%	-1.46%	21.60%	1.87%
Mortgage Banking Activities	5.92	4.8	3.82	3.73	9.53
Gain (Loss) on Sale of Assets	2.5	-0.82	0.03	0.71	0.07
Gain (Loss) on Sale of Investments	-0.48	-0.31	-1.53	-	0.08
Other Non-Interest Income	3.21	3.23	3.22	3.15	2.97
Total Non-Interest Income	12.72	8.2	6.92	8.98	14.2
Non-Interest Income Growth (YoY)	55.19%	18.49%	-22.95%	-36.77%	-36.87%
Revenues Before Loan Losses	49.67	39.58	36.52	39.02	38.91
Provision for Loan Losses	0.96	0.32	0.37	0.48	0.3
Revenue	48.71	39.26	36.15	38.54	38.61
Revenue Growth (YoY)	24.07%	8.59%	-6.19%	-0.17%	-11.94%
Salaries and Employee Benefits	21.79	18.36	16.3	18.46	20.18
Occupancy Expenses	3.02	2.43	2.46	2.56	2.2
Selling, General & Administrative	5.78	7.41	7.66	6.34	6.47
Other Non-Interest Expense	4.13	3.4	3.92	3.61	3.35
Total Non-Interest Expense	34.72	31.6	30.34	30.97	32.2
EBT Excluding Unusual Items	13.99	7.66	5.81	7.57	6.41
Pretax Income	13.99	7.66	5.81	7.57	6.41
Income Tax Expense	3.08	1.74	1.21	1.64	1.13
Net Income	10.91	5.92	4.6	5.93	5.28
Net Income to Common	10.91	5.92	4.6	5.93	5.28
Net Income Growth	84.14%	28.66%	-22.38%	12.40%	-50.30%
Basic Shares Outstanding	8	8	8	8	8
Diluted Shares Outstanding	8	8	8	8	8
Shares Change (YoY)	0.41%	1.59%	0.45%	-0.18%	1.30%
EPS (Basic)	1.39	0.75	0.59	0.76	0.68
EPS (Diluted)	1.31	0.71	0.56	0.73	0.65
EPS Growth	84.51%	26.79%	-23.29%	12.31%	-50.76%
Effective Tax Rate	22.03%	22.68%	20.82%	21.66%	17.65%

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