First Piedmont Federal Savings and Loan Association of Gaffney

1229 West Floyd Baker Boulevard
Gaffney, SC 29340

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 28859
Date Established 1933
Assets $0.41 billion
Loans $0.29 billion
Deposits $0.29 billion
Capital $0.11 billion

First Piedmont Federal Savings and Loan Association of Gaffney is an FDIC insured institution located in Gaffney, SC. It was founded in 1933 and has approximately $0.41 billion in assets. Customers can open an account at one of its 6 branches.

For a more detailed analysis of First Piedmont Federal Savings and Loan Association of Gaffney's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in First Piedmont Federal Savings and Loan Association of Gaffney’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks in South Carolina, First Piedmont Federal Savings and Loan Association of Gaffney has a significantly higher percent of 1-4 Family Residential Loans, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 65.83
Multifamily
Mortgages
1.84
Credit Card Loans 0.00
Consumer Auto Loans 0.90
Small Business Loans 8.82
Construction and Development Loans 16.41
Commercial Real Estate 11.68
Commercial and Industrial Loans 3.58
Farm Loans 0.00

Deposit Rates - June 17, 2019

Your Current Location: Virginia, VA 20146

There are currently no rates available for First Piedmont Federal Savings And Loan Association Of Gaffney, but see these great savings and CD rates:

Advertiser Disclosure

Loan Rates - June 17, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First Piedmont Federal Savings and Loan Association of Gaffney

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
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Quicken Loans NMLS #3030
NMLS ID: 3030
5.250% 5.250% 0.00 $0 $1,381 Learn More
Rocket Mortgage
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First Internet Bank
NMLS ID: 424182
3.779% 3.750% 0.38 $898 $1,158 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

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Third Federal Savings and Loans
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4.490 %
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PenFed Credit Union
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5.500 %
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Note to First Piedmont Federal Savings and Loan Association of Gaffney
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Branches

First Piedmont Federal Savings and Loan Association of Gaffney branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


First Piedmont Federal Savings and Loan Association of Gaffney Locations


Financial Details

First Piedmont Federal Savings and Loan Association of Gaffney Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Piedmont Federal Savings and Loan Association of Gaffney. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Piedmont Federal Savings and Loan Association of Gaffney U.S. Bank Average
0.84% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2018, First Piedmont Federal Savings and Loan Association of Gaffney had $898,000 in non-current loans and $41,000 in owned real estate. To cover these potential losses it had $109,685,000 in equity and $1,949,000 in loans loss reserves. That gives it a Texas Ratio of 0.84%.

Return on Equity
First Piedmont Federal Savings and Loan Association of Gaffney U.S. Bank Average
5.83% 8.80%

First Piedmont Federal Savings and Loan Association of Gaffney has a Return on Equity of 5.83% versus the BestCashCow average of 8.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Piedmont Federal Savings and Loan Association of Gaffney U.S. Bank Average
26.82% 12.29%

First Piedmont Federal Savings and Loan Association of Gaffney has a Capitalization of 26.82% versus the BestCashCow average of 12.29. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Piedmont Federal Savings and Loan Association of Gaffney Balance Sheet Analysis

As of December 31, 2018, First Piedmont Federal Savings and Loan Association of Gaffney had assets of $408,893,000, loans of $293,348,000, and deposits of $292,901,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.09 billion
Interest-bearing balances $0.09 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.29 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.30 billion
LIABILITIES
Total deposits $0.29 billion
      Interest-bearing deposits $0.19 billion
      Deposits held in domestic offices $0.29 billion
      % insured (estimated) 90.16%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $0.30 billion
      Shareholders’ Equity $0.11 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.02 billion
Total Interest Expense $0.00 billion
Net interest income $0.02 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About First Piedmont Federal Savings And Loan Association Of Gaffney

Branches and Savings

Is First Piedmont Federal Savings And Loan Association Of Gaffney FDIC insured?

Yes. It is covered under FDIC Certificate #28859.

Why does First Piedmont Federal Savings And Loan Association Of Gaffney pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Piedmont Federal Savings And Loan Association Of Gaffney CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Piedmont Federal Savings And Loan Association Of Gaffney a commercial bank?

Yes

Where are First Piedmont Federal Savings And Loan Association Of Gaffney locations?

See branch locations nearby.

Is First Piedmont Federal Savings And Loan Association Of Gaffney open on Saturdays?

Is First Piedmont Federal Savings And Loan Association Of Gaffney open on Sundays?

What time does First Piedmont Federal Savings And Loan Association Of Gaffney open?

What time does First Piedmont Federal Savings And Loan Association Of Gaffney close?

Are First Piedmont Federal Savings And Loan Association Of Gaffney ATMs Open 24/7?

Do First Piedmont Federal Savings And Loan Association Of Gaffney ATMs accept cash deposits?

Can First Piedmont Federal Savings And Loan Association Of Gaffney customers use other ATMs?

Do First Piedmont Federal Savings And Loan Association Of Gaffney branches have notaries?

Will First Piedmont Federal Savings And Loan Association Of Gaffney notarize my document?

What address for First Piedmont Federal Savings And Loan Association Of Gaffney should I put for incoming ACH transfers?

Will the First Piedmont Federal Savings And Loan Association Of Gaffney branch print checks?

Do First Piedmont Federal Savings And Loan Association Of Gaffney checks expire?

Does First Piedmont Federal Savings And Loan Association Of Gaffney require US citizenship to open account?

Can First Piedmont Federal Savings And Loan Association Of Gaffney close my account?

Does First Piedmont Federal Savings And Loan Association Of Gaffney Report to credit bureaus?

Does First Piedmont Federal Savings And Loan Association Of Gaffney Use Equifax?

What is First Piedmont Federal Savings And Loan Association Of Gaffney's ACH Routing Number?

What is First Piedmont Federal Savings And Loan Association Of Gaffney's SWIFT code?

Products

Does First Piedmont Federal Savings And Loan Association Of Gaffney offer mortgages?

Compare mortgage rates here.

Does First Piedmont Federal Savings And Loan Association Of Gaffney offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Piedmont Federal Savings And Loan Association Of Gaffney offer personal loans?

Compare personal loan rates here.

Does First Piedmont Federal Savings And Loan Association Of Gaffney offer student loans?

Will First Piedmont Federal Savings And Loan Association Of Gaffney cash a check?

Will First Piedmont Federal Savings And Loan Association Of Gaffney redeem a savings bond?

Does First Piedmont Federal Savings And Loan Association Of Gaffney cash savings bonds?

Will First Piedmont Federal Savings And Loan Association Of Gaffney cash money orders?

Can First Piedmont Federal Savings And Loan Association Of Gaffney issue a money order?

Does First Piedmont Federal Savings And Loan Association Of Gaffney do currency exchange?

Background on The Bank

Who owns First Piedmont Federal Savings And Loan Association Of Gaffney?

How long has First Piedmont Federal Savings And Loan Association Of Gaffney been around?

Can First Piedmont Federal Savings And Loan Association Of Gaffney transfer to other banks?

Does First Piedmont Federal Savings And Loan Association Of Gaffney have quick pay?

Does First Piedmont Federal Savings And Loan Association Of Gaffney accept rolled coins?

Will First Piedmont Federal Savings And Loan Association Of Gaffney accept loose change?

Where is First Piedmont Federal Savings And Loan Association Of Gaffney headquarters?

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