First Piedmont Federal Savings and Loan Association
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Data as of · sourced from FFIEC call reports. How we update
First Piedmont Federal Savings and Loan Association is an FDIC-insured savings institution headquartered in Gaffney, SC, supervised by the OCC, with $597.1M in total assets at Q2 2026, up 3.5% from Q2 2025, the 21st largest of 43 banks headquartered in South Carolina. It was established in 1933 and holds FDIC certificate 28859. It reports no CET1 ratio; its Tier 1 leverage ratio was 29.14% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 28859
- Headquarters
- Gaffney, SC
- Established
- 1933
- Total assets, Q2 2026
- $597.1M
- Assets vs Q2 2025
- +3.5%
- Tier 1 leverage ratio, Q2 2026
- 29.14%
- Domestic offices
- 7 · First Piedmont Federal Savings and Loan Association branches FDIC institution directory, current count
- Routing number
- 253272148
- Safety and soundness
- Is First Piedmont Federal Savings and Loan Association safe?
- Latest call report
- Q2 2026, FFIEC 051 · First Piedmont Federal Savings and Loan Association call report
- Asset rank in state
- 21st of 43 in South Carolina
First Piedmont Federal Savings and Loan Association, based in Gaffney, South Carolina, reported $597 million in assets at June 30, 2026, up 3.5% from a year earlier. It pays an average of 0.79% on its deposits and borrowings, about half the median of 1.80% for the 2,627 banks with $100 million to $1 billion in assets. It also funds 29.14% of its assets with Tier 1 capital, 2.7 times the median of 10.99% for banks its size.
Profitability lags: it returns 6.3% a year on shareholders' equity, about half the median of 12.6% for banks its size.
As of June 30, 2026, First Piedmont Federal Savings and Loan Association reported a return on assets of 1.84%, a nonperforming-loan ratio of 0.73% and a Texas ratio of 2.13%. The figures come from its call report filed with the FFIEC.
First Piedmont Federal Savings and Loan Association ranks as the 21st largest of the 43 banks based in South Carolina, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 1.0% to $597.1M, loans rose 1.4% and deposits rose 0.7%. 1-4 family residential loans made up 74.0% of its total loans on June 30, 2026, its largest category; next came construction and land development loans at 10.1%. Its 7 offices in the FDIC Summary of Deposits are in 4 cities in SC; its Gaffney 3 offices book 66% of its branch deposits. By the capital ratios in its Q2 2026 call report, First Piedmont Federal Savings and Loan Association meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 1229 W Floyd Baker Blvd, Gaffney, SC 29341
- County
- Cherokee
- Metro Area
- Gaffney, SC
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- 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, 1933
- Domestic offices
- 7 FDIC institution directory, current count
- Employees (FTE)
- 87
- Domestic deposits
- $420.5M
- Allowance for credit losses
- $6.0M
- Net charge-offs (YTD)
- $0
- Average total assets
- $589.0M
- Average total loans
- $524.3M
- Average interest-bearing deposits
- $283.7M
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 28859
- Fed RSSD
- 646172
- Website
- www.firstpiedmont.com →
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, First Piedmont Federal Savings and Loan Association reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, First Piedmont Federal Savings and Loan Association's total assets ranged from $550.2M (Q2 2024) to $597.1M (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$597.1M total assets against $576.9M; $424.6M total liabilities against $415.1M.
$515.2M net loans and leases against $493.3M; $420.5M total deposits against $410.4M.
$204K securities against $281K; $67.1M cash and balances due against $69.3M.
$7.9M total interest income against $7.5M; $890K total interest expense against $823K.
$7.0M net interest income against $6.7M.
$798K total noninterest income against $1.1M; $4.1M total noninterest expense against $4.1M.
No provision recorded in the last 12 quarters.
$2.7M net income against $2.8M.
1.84% return on assets against 1.96%; 4.82% net interest margin against 4.74%.
29.14% tier 1 leverage ratio against 28.39%.
Inside the full First Piedmont Federal Savings and Loan Association terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
First Piedmont Federal Savings and Loan Association rankings
Its closest position to the top of a national ranking is 680 of 3,611, for ROA; its furthest is 2,210 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.69% (Q1 2026) to 2.99% (Q4 2024) and its net interest margin ran from 4.57% (Q1 2025) to 4.82% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 29.14% | 1.84% | 0.73% | 2.13% | 4.82% |
| Q1 2026 | 28.76% | 1.69% | 0.75% | 2.21% | 4.65% |
| Q4 2025 | 28.78% | 1.82% | 0.73% | 2.11% | 4.74% |
| Q3 2025 | 28.58% | 1.92% | 0.73% | 2.12% | 4.77% |
| Q2 2025 | 28.39% | 1.96% | 0.73% | 2.16% | 4.74% |
| Q1 2025 | 27.99% | 1.75% | 0.62% | 1.85% | 4.57% |
| Q4 2024 | 27.83% | 2.99% | 0.61% | 1.82% | 4.75% |
| Q3 2024 | 27.42% | 1.91% | 0.57% | 1.76% | 4.68% |
Swipe the table sideways to see every column.
Branch Network
View all 7 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 |
|---|---|---|---|
| First Piedmont Federal Savings and Loan Association of Gaffney | Gaffney , SC | 29341 | $165.2M |
| 210 S Limestone St Branch | Gaffney , SC | 29340 | $64.5M |
| 1510 John B White Blvd | Spartanburg , SC | 29301 | $61.9M |
| Boiling Springs Branch | Boiling Springs , SC | 29316 | $50.8M |
| 503 N Granard St Branch | Gaffney , SC | 29341 | $47.4M |
| 901 E Main St Branch | Spartanburg , SC | 29302 | $22.3M |
| Duncan Branch | Duncan , SC | 29334 | $8.4M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in SC, rank 40 of 73 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, 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 First Piedmont Federal Savings and Loan Association
What are First Piedmont Federal Savings and Loan Association's total assets?
As of the Q2 2026 filing, First Piedmont Federal Savings and Loan Association reported total assets of $597.1 million in its FFIEC call report.
Where is First Piedmont Federal Savings and Loan Association headquartered?
It is headquartered in Gaffney, SC, United States.
When was First Piedmont Federal Savings and Loan Association founded?
It was established in 1933, per the FDIC institution directory.
Is First Piedmont Federal Savings and Loan Association FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #28859). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Piedmont Federal Savings and Loan Association?
First Piedmont Federal Savings and Loan Association's primary federal regulator is the OCC.
How many branches does First Piedmont Federal Savings and Loan Association operate?
It operates 7 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Piedmont Federal Savings and Loan Association's Texas Ratio?
Its Texas Ratio is 2.13% 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.
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