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First Reliance Bank
Bank|Florence, SC|Multi-Region
Loans Originated
969
Applications
1,149
Volume
$305 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Strong
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Jumbo Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.111%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,906
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
84.3%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and VA and Jumbo loans
Report Card
First Reliance Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Sound | Industry Standard | |
VA | Strong | Highly Competitive | |
Jumbo | Strong | Highly Competitive | |
USDA | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 12 metro areas · 11 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$314,907
Average Borrower Income
$160,675
Average Property Value
$450,243
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Strong | Exceptional | 859 | 88.6% | +0.121% | $1,964 |
FHA Loans | Strong | Sound | Exceptional | Strong | 26 | 2.7% | +0.253% | $930 |
VA Loans | Strong | Strong | Strong | Strong | 30 | 3.1% | -0.355% | $1,479 |
Jumbo Loans | Strong | Strong | Strong | Strong | 31 | 3.2% | +0.264% | $623 |
USDA Loans | Acceptable | Sound | N/A | Acceptable | 23 | 2.4% | -0.028% | $2,702 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Strong | Strong | 853 | 88.0% | +0.111% | $1,919 |
Refinance | Strong | Strong | Strong | Strong | 116 | 12.0% | +0.115% | $1,818 |
Geographic Coverage
Metro Areas
11
States Served
11
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
ALCAFLGAMIMTNCSCTXVAWV
Top Metro Areas by Place Specialization Score
1
Greenville, SCMSA
Volume: 227Mix: 23.43%
Place Specialization
Exceptional
2
Florence, SC, SCMSA
Volume: 71Mix: 7.33%
Place Specialization
Exceptional
3
Columbia, SC, SCMSA
Volume: 168Mix: 17.34%
Place Specialization
Exceptional
4
Charleston, SCMSA
Volume: 83Mix: 8.57%
Place Specialization
Strong
5
Myrtle Beach, SCMSA
Volume: 63Mix: 6.50%
Place Specialization
Strong
6
Roanoke, VA, VAMSA
Volume: 31Mix: 3.20%
Place Specialization
Strong
7
Spartanburg, SC, SCMSA
Volume: 22Mix: 2.27%
Place Specialization
Sound
8
Lynchburg, VA, VAMSA
Volume: 19Mix: 1.96%
Place Specialization
Sound
9
Blacksburg, VAMSA
Volume: 11Mix: 1.14%
Place Specialization
Sound
10
Atlanta, GAMSA
Volume: 11Mix: 1.14%
Place Specialization
Acceptable
Showing 10 of 11 metro areas
Top States by Place Specialization Score
1
SCState
Volume: 679Mix: 70.07%
Place Specialization
Exceptional
2
VAState
Volume: 120Mix: 12.38%
Place Specialization
Strong
3
GAState
Volume: 83Mix: 8.57%
Place Specialization
Sound
4
NCState
Volume: 48Mix: 4.95%
Place Specialization
Sound
5
WVState
Volume: 23Mix: 2.37%
Place Specialization
Sound
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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