1st Federal Savings Bank of SC, Inc.
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Data as of · sourced from FFIEC call reports. How we update
1st Federal Savings Bank of SC, Inc. is an FDIC-insured savings and loan association headquartered in Walterboro, SC, supervised by the FDIC, with $151.6M in total assets at Q2 2026, down 1.2% from Q2 2025, the 36th largest of 43 banks headquartered in South Carolina. It was established in 1962 and holds FDIC certificate 31410. Its CET1 capital ratio was 19.20% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Savings and loan association
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 31410
- Headquarters
- Walterboro, SC
- Established
- 1962
- Total assets, Q2 2026
- $151.6M
- Assets vs Q2 2025
- -1.2%
- CET1 ratio, Q2 2026
- 19.20%
- Domestic offices
- 2 · 1st Federal Savings Bank of SC, Inc. branches FDIC institution directory, current count
- Routing number
- 253272494
- Safety and soundness
- Is 1st Federal Savings Bank of SC, Inc. safe?
- Latest call report
- Q2 2026, FFIEC 051 · 1st Federal Savings Bank of SC, Inc. Q3 2026 call report, filed October 27, 2026 (preliminary)
- Holding company
- FIRST CAROLINA BANCSHARES, M.H.C.
- Asset rank in state
- 36th of 43 in South Carolina
1st Federal Savings Bank of SC, Inc. spends more to run itself than most banks of its size. Its balance sheet stood at $152 million at June 30, 2026, down 1.2% from a year earlier; it is based in Walterboro, South Carolina. It spends about 83 cents to bring in each dollar of revenue, higher than about 9 in 10 of the 2,627 banks with $100 million to $1 billion in assets (median 61 cents). On the other hand, it pays an average of 1.02% on its deposits and borrowings, lower than about 9 in 10 banks its size (median 1.80%).
Profitability lags: it earns about $0.59 a year on every $100 of assets, about half the median of $1.28 for banks its size.
As of June 30, 2026, 1st Federal Savings Bank of SC, Inc. reported a CET1 capital ratio of 19.20%, a return on assets of 0.59%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
1st Federal Savings Bank of SC, Inc. ranks as the 36th largest of the 43 banks based in South Carolina, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 1.0% to $151.6M, loans fell 0.2% and deposits fell 0.6%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 90.4% of total loans, followed by construction and land development loans at 7.4%. Its 2 offices in the FDIC Summary of Deposits are in Walterboro, SC and Edisto Island, SC; its Walterboro office books 71% of its branch deposits. On its Q2 2026 call report, 1st Federal Savings Bank of SC, Inc. meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 300 Robertson Blvd, Walterboro, SC 29488
- County
- Colleton
- Charter
- State-chartered stock savings and loan association, FDIC-supervised (pre-2011 OTS)
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- —
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1962
- Former names
- First Federal of South Carolina, FSB (1997-2018); First Carolina Bank, Federal Savings Bank (1994-1997)
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 23
- Domestic deposits
- $134.3M
- Allowance for credit losses
- $935K
- Net charge-offs (YTD)
- $7K
- Average total assets
- $148.5M
- Average total loans
- $116.2M
- Average interest-bearing deposits
- $105.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 31410
- Fed RSSD
- 535575
- Website
- www.1stfederalofsc.com →
- Parent Holding Company
- FIRST CAROLINA BANCSHARES, M.H.C. (RSSD 3834710)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, 1st Federal Savings Bank of SC, Inc.'s total assets ranged from $141.8M (Q4 2025) to $166.4M (Q3 2024), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$151.6M total assets against $153.4M; $138.0M total liabilities against $140.8M.
$115.7M net loans and leases against $118.4M; $134.3M total deposits against $133.9M.
$13.8M securities against $15.3M; $16.5M cash and balances due against $13.7M.
$1.9M total interest income against $1.9M; $342K total interest expense against $394K.
$1.6M net interest income against $1.5M.
$224K total noninterest income against $173K; $1.5M total noninterest expense against $1.4M.
$11K provision for credit losses against -$3K.
$219K net income against $233K.
0.59% return on assets against 0.62%; 4.41% net interest margin against 4.16%.
19.20% CET1 capital ratio against 17.27%; 9.68% tier 1 leverage ratio against 9.01%.
Inside the full 1st Federal Savings Bank of SC, Inc. terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, free1st Federal Savings Bank of SC, Inc. rankings
Its closest position to the top of a national ranking is 384 of 2,134, for CET1 ratio; its furthest is 3,570 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -4.27% (Q4 2024) to 5.28% (Q3 2024) and its net interest margin ran from 3.16% (Q3 2024) to 4.41% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 19.20% | 0.59% | 0.00% | 0.00% | 4.41% |
| Q1 2026 | 18.95% | 0.62% | 0.00% | 0.00% | 4.12% |
| Q4 2025 | 18.65% | 0.54% | 0.00% | 0.00% | 4.24% |
| Q3 2025 | 18.09% | 0.66% | 0.00% | 0.00% | 4.34% |
| Q2 2025 | 17.27% | 0.62% | 0.00% | 0.00% | 4.16% |
| Q1 2025 | 16.97% | 0.36% | 0.00% | 0.00% | 3.83% |
| Q4 2024 | 16.44% | -4.27% | 0.00% | 0.00% | 3.70% |
| Q3 2024 | 17.41% | 5.28% | 0.00% | 0.00% | 3.16% |
Swipe the table sideways to see every column.
Branch Network
View all 2 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| 1st Federal Savings Bank of SC, Inc. (main office) | Walterboro , SC | 29488 | $96.0M |
| Edisto Island Branch | Edisto Island , SC | 29438 | $38.4M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in SC, rank 56 of 73 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $700K approved, $700K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2002 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about 1st Federal Savings Bank of SC, Inc.
What are 1st Federal Savings Bank of SC, Inc.'s total assets?
As of the Q2 2026 filing, 1st Federal Savings Bank of SC, Inc. reported total assets of $151.6 million in its FFIEC call report.
Where is 1st Federal Savings Bank of SC, Inc. headquartered?
It is headquartered in Walterboro, SC, United States.
When was 1st Federal Savings Bank of SC, Inc. founded?
It was established in 1962, per the FDIC institution directory.
Is 1st Federal Savings Bank of SC, Inc. FDIC-insured?
Yes. It is an FDIC-insured savings and loan association (FDIC Certificate #31410). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates 1st Federal Savings Bank of SC, Inc.?
1st Federal Savings Bank of SC, Inc.'s primary federal regulator is the FDIC.
What is 1st Federal Savings Bank of SC, Inc.'s CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 19.20% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does 1st Federal Savings Bank of SC, Inc. operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is 1st Federal Savings Bank of SC, Inc.'s Texas Ratio?
Its Texas Ratio is 0.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was 1st Federal Savings Bank of SC, Inc. previously called?
The charter now named 1st Federal Savings Bank of SC, Inc. has also operated as First Federal of South Carolina, FSB (1997-2018), First Carolina Bank, Federal Savings Bank (1994-1997), per FDIC structure-change records.
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