1st Federal Savings Bank of SC Inc
1st Federal Savings Bank of SC, Inc. provides various banking products and services. It offers personal and business checking, savings, and individual retirement accounts, as well as certificates of deposit; check reorder, debit card, overdraft protection, automated telephone teller, wire transfer, night deposit drop, safe deposit box, direct deposit, and automatic transfer services; and online b… Read more
1st Federal Savings Bank of SC Inc (FSGB) - Net Assets
Latest net assets as of : $- USD
Based on the latest financial reports, 1st Federal Savings Bank of SC Inc (FSGB) has net assets worth $- USD as of .
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($-) and total liabilities ($-). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $- |
| % of Total Assets | 0% |
| Annual Growth Rate | 6.24% |
| 5-Year Change | 21.35% |
| 10-Year Change | N/A |
| Growth Volatility | 10.78 |
1st Federal Savings Bank of SC Inc - Net Assets Trend (2019–2024)
This chart illustrates how 1st Federal Savings Bank of SC Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for 1st Federal Savings Bank of SC Inc (2019–2024)
The table below shows the annual net assets of 1st Federal Savings Bank of SC Inc from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $12.41 Million | +16.85% |
| 2023-12-31 | $10.62 Million | +10.95% |
| 2022-12-31 | $9.58 Million | -14.08% |
| 2021-12-31 | $11.14 Million | +8.93% |
| 2020-12-31 | $10.23 Million | +11.53% |
| 2019-12-31 | $9.17 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to 1st Federal Savings Bank of SC Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 56.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $10.99 Million | 88.49% |
| Common Stock | $1.01 Million | 8.16% |
| Other Components | $415.88K | 3.35% |
| Total Equity | $12.41 Million | 100.00% |
1st Federal Savings Bank of SC Inc Competitors by Market Cap
The table below lists competitors of 1st Federal Savings Bank of SC Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Republic Digital Acquisition Company Unit
NASDAQ:RDAGU
|
$94.86K |
|
MAROC TELECOM
MU:MSPA
|
$94.88K |
|
Invesco Municipal Opportunity Trust
NYSE:VMO
|
$94.89K |
|
Investeringsforeningen Danske Invest - Fonde KL
CO:DKIFO
|
$94.89K |
|
Cerinnov Group SA
PA:ALPCV
|
$94.81K |
|
Dongbu Securities Co. Ltd.
KQ:016610
|
$94.72K |
|
Middle & West Delta Flour Mills
EGX:WCDF
|
$94.66K |
|
CHOICE PROPERTIES REIT
F:6HC
|
$94.65K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in 1st Federal Savings Bank of SC Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,624,626 to 12,414,575, a change of 1,789,949 (16.8%).
- Net income of 789,414 contributed positively to equity growth.
- Other factors increased equity by 1,000,535.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $789.41K | +6.36% |
| Other Changes | $1.00 Million | +8.06% |
| Total Change | $- | 16.85% |
Book Value vs Market Value Analysis
This analysis compares 1st Federal Savings Bank of SC Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.79x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.07x to 0.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $9.06 | $9.70 | x |
| 2020-12-31 | $10.10 | $9.70 | x |
| 2021-12-31 | $11.00 | $9.70 | x |
| 2022-12-31 | $9.46 | $9.70 | x |
| 2023-12-31 | $10.49 | $9.70 | x |
| 2024-12-31 | $12.26 | $9.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently 1st Federal Savings Bank of SC Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.36%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.18%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 11.67x
- Recent ROE (6.36%) is below the historical average (6.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 5.40% | 10.46% | 0.05x | 10.54x | $-421.80K |
| 2020 | 9.06% | 15.14% | 0.05x | 11.37x | $-96.53K |
| 2021 | 10.94% | 19.35% | 0.05x | 11.62x | $104.38K |
| 2022 | 3.97% | 7.81% | 0.03x | 15.03x | $-576.98K |
| 2023 | 5.90% | 9.19% | 0.04x | 14.86x | $-436.00K |
| 2024 | 6.36% | 12.18% | 0.04x | 11.67x | $-452.04K |
Industry Comparison
This section compares 1st Federal Savings Bank of SC Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| 1st Federal Savings Bank of SC Inc (FSGB) | $- | 5.40% | N/A | $94.82K |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |