First Reliance Bancshares, Inc. (FSRL)

First Reliance Bancshares Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	37.93	47.23	21.94	33.8	150.12	98.69
Investment Securities	182.55	90.78	78.52	95.33	37.15	16.65
Trading Asset Securities	-	0.25	0.28	0.09	0.85	3.01
Mortgage-Backed Securities	-	85.26	93.06	67.21	45.08	16.42
Total Investments	182.55	176.29	171.87	162.64	83.08	36.08
Gross Loans	784.47	753.74	705.67	661.25	586.45	477.97
Allowance for Loan Losses	-8.65	-8.43	-8.39	-7.66	-7.04	-6.17
Net Loans	775.82	745.3	697.28	653.59	579.41	471.79
Property, Plant & Equipment	21.99	25.51	27.64	28.79	29.44	23.85
Goodwill	-	0.69	0.69	0.69	0.69	0.69
Other Intangible Assets	-	0.03	0.07	0.15	0.24	0.37
Loans Held for Sale	22.42	20.97	7.16	7.94	23.84	35.64
Accrued Interest Receivable	-	3.96	3.45	2.77	1.7	1.55
Long-Term Deferred Tax Assets	6.94	7.71	7.78	8.63	4.13	3.45
Other Real Estate Owned & Foreclosed	-	-	-	-	0.14	0.16
Other Long-Term Assets	49.75	38.72	35.38	36.4	37.22	36.87
Total Assets	1,097	1,067	974.16	937.11	910.8	710.17
Interest Bearing Deposits	718.2	682.74	607.19	519.61	515.95	392.62
Institutional Deposits	36.44	41.2	40.81	23.15	26.87	34.1
Non-Interest Bearing Deposits	224.03	227.47	210.6	255.43	238.02	167.27
Total Deposits	978.67	951.41	858.6	798.18	780.83	594
Short-Term Borrowings	-	-	5.45	37.37	11.38	5.91
Current Portion of Leases	-	0.75	-	-	-	-
Accrued Interest Payable	-	1.08	1.08	0.33	0.14	0.26
Long-Term Debt	14.45	15.44	15.41	15.38	15.35	10.49
Federal Home Loan Bank Debt, Long-Term	-	-	-	-	10	10
Long-Term Leases	-	4.22	5.59	6.2	6.78	5.43
Trust Preferred Securities	10.31	10.31	10.31	10.31	10.31	10.31
Other Long-Term Liabilities	12.74	6.14	6.32	6.05	5.2	5.04
Total Liabilities	1,016	989.35	902.76	873.82	840	641.44
Preferred Stock, Convertible	0	0	0	0	0	0
Total Preferred Equity	0	0	0	0	0	0
Common Stock	0.09	0.09	0.09	0.09	0.09	0.09
Additional Paid-In Capital	56.41	55.79	55.47	53.97	53.86	51.97
Retained Earnings	41.28	39.67	33.75	29.92	23.99	18.71
Treasury Stock	-6.46	-5.7	-4.82	-4.5	-4.32	-1.68
Comprehensive Income & Other	-10.11	-12.09	-13.09	-16.17	-2.81	-0.36
Total Common Equity	81.22	77.76	71.4	63.3	70.8	68.73
Shareholders' Equity	81.22	77.76	71.4	63.3	70.8	68.73
Total Liabilities & Equity	1,097	1,067	974.16	937.11	910.8	710.17
Total Debt	24.76	30.72	36.76	69.26	53.82	42.14
Net Cash (Debt)	13.17	16.76	-14.54	-35.11	97.41	59.81
Net Cash Growth	-	-	-	-	62.86%	-
Net Cash Per Share	1.58	2.02	-1.78	-4.32	11.96	7.44
Filing Date Shares Outstanding	7.98	8.03	8.14	8.14	8.26	8.33
Total Common Shares Outstanding	7.98	8.03	8.14	8.14	8.26	8.33
Book Value Per Share	10.18	9.68	8.77	7.78	8.57	8.25
Tangible Book Value	81.22	77.04	70.63	62.46	69.87	67.67
Tangible Book Value Per Share	10.18	9.59	8.68	7.67	8.46	8.12

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