First Reliance Bancshares Inc
First Reliance Bancshares, Inc. operates as the bank holding company for First Reliance Bank that provides banking products and services in North and South Carolina. The company provides checking, savings, money market, Christmas and vacation club accounts, and individual retirement accounts, as well as certificates of deposit. It offers personal loans, including unsecured, auto, real estate, ove… Read more
First Reliance Bancshares Inc (FSRL) - Net Assets
Latest net assets as of December 2025: $93.07 Million USD
Based on the latest financial reports, First Reliance Bancshares Inc (FSRL) has net assets worth $93.07 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.09 Billion) and total liabilities ($1.00 Billion). 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 | $93.07 Million |
| % of Total Assets | 8.51% |
| Annual Growth Rate | 10.88% |
| 5-Year Change | 31.45% |
| 10-Year Change | 248.98% |
| Growth Volatility | 30.42 |
First Reliance Bancshares Inc - Net Assets Trend (2002–2025)
This chart illustrates how First Reliance Bancshares 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 First Reliance Bancshares Inc (2002–2025)
The table below shows the annual net assets of First Reliance Bancshares Inc from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $93.07 Million | +19.69% |
| 2024-12-31 | $77.76 Million | +8.91% |
| 2023-12-31 | $71.40 Million | +12.80% |
| 2022-12-31 | $63.30 Million | -10.60% |
| 2021-12-31 | $70.80 Million | +3.02% |
| 2020-12-31 | $68.73 Million | +20.39% |
| 2019-12-31 | $57.09 Million | +9.43% |
| 2018-12-31 | $52.17 Million | +4.02% |
| 2017-12-31 | $50.15 Million | +88.07% |
| 2016-12-31 | $26.67 Million | -33.72% |
| 2015-12-31 | $40.23 Million | +10.63% |
| 2014-12-31 | $36.37 Million | +13.32% |
| 2013-12-31 | $32.09 Million | -22.10% |
| 2012-12-31 | $41.20 Million | +0.19% |
| 2011-12-31 | $41.12 Million | -15.38% |
| 2010-12-31 | $48.59 Million | +7.45% |
| 2009-12-31 | $45.22 Million | +20.84% |
| 2008-12-31 | $37.43 Million | +1.07% |
| 2007-12-31 | $37.03 Million | +8.61% |
| 2006-12-31 | $34.09 Million | +14.98% |
| 2005-12-31 | $29.65 Million | +8.38% |
| 2004-12-31 | $27.36 Million | +54.55% |
| 2003-12-31 | $17.70 Million | +104.79% |
| 2002-12-31 | $8.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Reliance Bancshares 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 3761.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $50.58 Million | 54.35% |
| Common Stock | $88.00K | 0.09% |
| Other Comprehensive Income | $-6.38 Million | -6.86% |
| Other Components | $48.78 Million | 52.42% |
| Total Equity | $93.07 Million | 100.00% |
First Reliance Bancshares Inc Competitors by Market Cap
The table below lists competitors of First Reliance Bancshares Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Health Catalyst Inc
NASDAQ:HCAT
|
$66.64 Million |
|
Perceptive Capital Solutions Corp Class A Ordinary Shares
NASDAQ:PCSC
|
$66.65 Million |
|
Siem Industries S.A
PINK:SEMUF
|
$66.67 Million |
|
Spark I Acquisition Corp. Unit
NASDAQ:SPKLU
|
$66.67 Million |
|
Galan Lithium Limited
PINK:GLNLF
|
$66.62 Million |
|
Exsitec Holding AB
ST:EXS
|
$66.59 Million |
|
Hotel Majestic Cannes
PA:MLHMC
|
$66.58 Million |
|
q.beyond AG
PINK:QSCGF
|
$66.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Reliance Bancshares Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 77,756,316 to 93,066,000, a change of 15,309,684 (19.7%).
- Net income of 10,906,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 5,708,789.
- Other factors decreased equity by 1,305,105.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $10.91 Million | +11.72% |
| Other Comprehensive Income | $5.71 Million | +6.13% |
| Other Changes | $-1.31 Million | -1.4% |
| Total Change | $- | 19.69% |
Book Value vs Market Value Analysis
This analysis compares First Reliance Bancshares 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: 0.84x
- 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 1.64x to 0.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $5.70 | $9.36 | x |
| 2003-12-31 | $8.10 | $9.36 | x |
| 2004-12-31 | $9.90 | $9.36 | x |
| 2005-12-31 | $8.68 | $9.36 | x |
| 2006-12-31 | $9.58 | $9.36 | x |
| 2007-12-31 | $10.47 | $9.36 | x |
| 2008-12-31 | $10.65 | $9.36 | x |
| 2009-12-31 | $12.68 | $9.36 | x |
| 2010-12-31 | $12.34 | $9.36 | x |
| 2011-12-31 | $10.03 | $9.36 | x |
| 2012-12-31 | $10.06 | $9.36 | x |
| 2013-12-31 | $7.47 | $9.36 | x |
| 2014-12-31 | $7.76 | $9.36 | x |
| 2015-12-31 | $8.76 | $9.36 | x |
| 2016-12-31 | $5.86 | $9.36 | x |
| 2017-12-31 | $9.18 | $9.36 | x |
| 2018-12-31 | $6.63 | $9.36 | x |
| 2019-12-31 | $7.08 | $9.36 | x |
| 2020-12-31 | $8.55 | $9.36 | x |
| 2021-12-31 | $8.70 | $9.36 | x |
| 2022-12-31 | $7.79 | $9.36 | x |
| 2023-12-31 | $8.75 | $9.36 | x |
| 2024-12-31 | $9.38 | $9.36 | x |
| 2025-12-31 | $11.18 | $9.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Reliance Bancshares 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): 11.72%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.66%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 11.75x
- Recent ROE (11.72%) is above the historical average (4.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 10.35% | 10.32% | 0.07x | 13.43x | $29.89K |
| 2003 | 5.74% | 9.55% | 0.06x | 10.19x | $-754.46K |
| 2004 | 4.89% | 8.54% | 0.05x | 10.42x | $-1.40 Million |
| 2005 | 6.57% | 7.49% | 0.06x | 13.59x | $-1.02 Million |
| 2006 | 9.52% | 8.94% | 0.08x | 13.38x | $-163.42K |
| 2007 | 6.91% | 5.97% | 0.07x | 15.98x | $-1.14 Million |
| 2008 | 1.67% | 1.52% | 0.07x | 16.14x | $-3.12 Million |
| 2009 | -12.92% | -14.74% | 0.06x | 14.27x | $-10.37 Million |
| 2010 | -0.31% | -0.45% | 0.06x | 10.91x | $-5.01 Million |
| 2011 | -22.82% | -33.47% | 0.06x | 12.04x | $-13.49 Million |
| 2012 | 0.67% | 1.09% | 0.06x | 10.15x | $-3.84 Million |
| 2013 | -24.11% | -40.48% | 0.05x | 11.07x | $-10.95 Million |
| 2014 | 12.12% | 22.77% | 0.05x | 10.11x | $770.84K |
| 2015 | 21.90% | 43.84% | 0.05x | 9.33x | $4.79 Million |
| 2016 | 13.21% | 14.80% | 0.06x | 15.30x | $855.14K |
| 2017 | -1.37% | -2.76% | 0.05x | 9.14x | $-5.70 Million |
| 2018 | 4.66% | 7.46% | 0.06x | 11.21x | $-2.79 Million |
| 2019 | 7.16% | 11.16% | 0.06x | 11.59x | $-1.62 Million |
| 2020 | 15.45% | 20.76% | 0.07x | 10.33x | $3.74 Million |
| 2021 | 7.45% | 12.92% | 0.04x | 12.88x | $-1.80 Million |
| 2022 | 9.37% | 14.07% | 0.04x | 14.83x | $-398.57K |
| 2023 | 6.45% | 8.87% | 0.05x | 13.67x | $-2.54 Million |
| 2024 | 7.62% | 15.09% | 0.04x | 13.72x | $-1.85 Million |
| 2025 | 11.72% | 15.66% | 0.06x | 11.75x | $1.60 Million |
Industry Comparison
This section compares First Reliance Bancshares 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 |
|---|---|---|---|---|
| First Reliance Bancshares Inc (FSRL) | $93.07 Million | 10.35% | 10.75x | $66.62 Million |
| 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 |