Total Assets
$581M
Total balance-sheet footings
FDIC Cert #28859 · Gaffney, South Carolina · Est. 1933
First Piedmont Federal Savings and Loan Association of Gaffney - FDIC Bank Health Profile
A community-scale look at First Piedmont Federal Savings and Loan Association of Gaffney's own numbers, pulled straight from its quarterly FDIC Call Report.
- $581M
- Total assets
- A
- Health grade · Excellent
- 1.86%
- Return on assets
- 28.8%
- Tier 1 capital
Data updated July 2026
The verdict
First Piedmont Federal Savings and Loan Association of Gaffney earns a PlainBankData health grade of A (97/100), with well-capitalized at 28.78% Tier 1, profitable at 1.86% ROA, efficient (56% cost ratio).
- #1,613
- largest of 4,313 FDIC banks by assets
- 63rd
- percentile by asset size, nationally
- 28.78%
- Tier 1 ratio - above the 10% well-capitalized line
- 87th
- percentile for profitability (ROA), nationally
PlainBankData assigns this grade from public Call Report data; it isn't an official FDIC rating, and your deposits remain insured to $250,000 per depositor, per ownership category no matter the score.
How First Piedmont Federal Savings and Loan Association of Gaffney's 97/100 score adds up
Each factor is scored from this bank's own FDIC Call Report figures, then summed to the composite health score.
First Piedmont Federal Savings and Loan Association of Gaffney's composite health score
Tier 1 Capital Ratio (28.78%) 40/40
Return on Assets (ROA) (1.86%) 25/25
Texas Ratio (2.11%) 20/20
Efficiency Ratio (55.56%) 12/15
97 of 100 points earned across four weighted factors. See our methodology for the full scoring formula.
Balance sheet at a glance
Total Deposits
$409M
Customer-funded liabilities
Net Loans
$498M
Outstanding loan book
Net Income
$11M
Bottom-line earnings
Capital adequacy vs federal thresholds
Where First Piedmont Federal Savings and Loan Association of Gaffney ranks
Every one of the 4,307 FDIC-insured banks with a computed health score, bucketed by score. First Piedmont Federal Savings and Loan Association of Gaffney's score of 97/100 falls in the highlighted band.
First Piedmont Federal Savings and Loan Association of Gaffney's size among FDIC-insured banks
Every one of the 4,307 FDIC-insured banks with reported assets, bucketed by total-asset scale (note the buckets are powers of 10, most banks cluster in the $100M-$1B range). First Piedmont Federal Savings and Loan Association of Gaffney's $581M falls in the highlighted band.
Safety metrics
Tier 1 capital ratio
Well-capitalized 10%
28.78% of risk-weighted assets - above the federal "well-capitalized" threshold of 10%.
Tier 1 Capital Ratio
28.78%
Texas Ratio
2.11%
Equity Capital
$167M
Profitability metrics
Return on Assets (ROA)
87th percentile nationally
1.86%
Return on Equity (ROE)
6.57%
Efficiency Ratio
55.56%
What the numbers say about First Piedmont Federal Savings and Loan Association of Gaffney
First Piedmont Federal Savings and Loan Association of Gaffney is an FDIC-insured institution (Certificate #28859) headquartered in Gaffney, South Carolina, established in 1933. It holds $581M in total assets - 1,613th of 4,313 FDIC-insured banks, $409M in customer deposits, and $498M in net loans. Capital-wise, the Tier 1 ratio sits at 28.78%, clearing the federal 10% well-capitalized bar; the Texas Ratio reads 2.11%, a healthy figure under the 50% watch level. That combination rolls up into a PlainBankData health grade of A (97 of 100), blending Tier 1 capital, ROA, the Texas Ratio, and efficiency. These figures come directly from the bank's quarterly FDIC Call Report.
First Piedmont Federal Savings and Loan Association of Gaffney sits 22nd of 43 banks headquartered in South Carolina by total assets, placing it in the middle tier of the state's banking landscape.
Income & expense breakdown
$30M
Interest Income
$5M
Non-Interest Income
$17M
Non-Interest Expense
Asset quality, Texas Ratio detail
The Texas Ratio compares troubled assets to the capital available to absorb losses. First Piedmont Federal Savings and Loan Association of Gaffney reports a Texas Ratio of 2.11% - comfortably in the healthy band; non-performing loans are a small fraction of the bank’s loss-absorbing capital.
Texas Ratio
Caution 50%
2.11% - lower is safer; 100% is the level at which troubled assets equal loss-absorbing capital.
Top banks in South Carolina by total assets
Source: FDIC BankFind Suite, Call Report (FFIEC 031/041) First Piedmont Federal Savings and Loan Association of Gaffney (FDIC Cert #28859) - Tier 1 capital ratio, total assets, deposits, ROA/ROE · 2025 FDIC Call Reports filed quarterly; latest publicly-available vintage shown. Health grades are PlainBankData's interpretation of regulatory filings and are not official FDIC ratings.
Other banks in South Carolina
All South Carolina banks →| Bank | Assets | Grade | ROA |
|---|---|---|---|
| United Community BankGreenville | $27.9B | A | 1.19% |
| Southern First BankGreenville | $4.4B | B | 0.75% |
| Coastal States BankHilton Head Island | $2.3B | A | 1.17% |
| Anderson Brothers BankMullins | $2.2B | A | 1.38% |
| First Community BankLexington | $2.1B | A | 1.07% |
| The Conway National BankConway | $1.9B | A | 1.23% |
| South Atlantic BankMyrtle Beach | $1.9B | B | 0.93% |
| Bank of Travelers RestTravelers Rest | $1.6B | A | 1.44% |
Frequently asked questions
What is First Piedmont Federal Savings and Loan Association of Gaffney's health grade?▼
First Piedmont Federal Savings and Loan Association of Gaffney receives a health grade of A (97/100) based on four FDIC financial metrics: Tier 1 Capital Ratio (40%), Return on Assets (25%), Texas Ratio (20%), and Efficiency Ratio (15%). This bank demonstrates excellent financial health with strong capital ratios and profitability.
How large is First Piedmont Federal Savings and Loan Association of Gaffney?▼
First Piedmont Federal Savings and Loan Association of Gaffney holds $581M in total assets and $409M in deposits, ranking 1,613th of 4,313 FDIC-insured banks by asset size. It is headquartered in Gaffney, South Carolina.
Is my money safe at First Piedmont Federal Savings and Loan Association of Gaffney?▼
Yes, deposits at First Piedmont Federal Savings and Loan Association of Gaffney (Certificate #28859) are FDIC-insured up to $250,000 per depositor, per ownership category, regardless of health grade.
What is First Piedmont Federal Savings and Loan Association of Gaffney's Tier 1 Capital Ratio?▼
First Piedmont Federal Savings and Loan Association of Gaffney has a Tier 1 Capital Ratio of 28.78%. That clears the federal 10% bar regulators use to call a bank "well-capitalized."
What is the Texas Ratio for First Piedmont Federal Savings and Loan Association of Gaffney?▼
First Piedmont Federal Savings and Loan Association of Gaffney has a Texas Ratio of 2.11%. Staying under 50% is the level analysts treat as healthy. The Texas Ratio measures non-performing loans against equity and reserves, a higher ratio signals greater exposure to loan losses.
How efficient is First Piedmont Federal Savings and Loan Association of Gaffney?▼
First Piedmont Federal Savings and Loan Association of Gaffney has an Efficiency Ratio of 55.56%. Under the 60% mark counts as efficient, more of every revenue dollar reaches the bottom line. This metric compares non-interest expenses to total revenue.
What to do with this
How to read First Piedmont Federal Savings and Loan Association of Gaffney's profile as a depositor or analyst.
- First Piedmont Federal Savings and Loan Association of Gaffney's grade reflects capital, profitability, and asset quality, read the four pillars before drawing conclusions. How grades work
- Compare First Piedmont Federal Savings and Loan Association of Gaffney against other South Carolina banks before moving funds. South Carolina banks
Not financial advice. Health grades are PlainBankData's interpretation of public FDIC Call Report data, not official FDIC ratings or predictions. Verify the latest figures at the FDIC BankFind Suite.
Every figure on PlainBankData is rendered directly from FDIC federal source data, no number is typed in by an editor. Informational only, not professional advice; consult a qualified professional before acting on it. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of Q4 2025.
Disclaimer: Data from the FDIC BankFind Suite. PlainBankData does not rate or rank banks as investment or safety recommendations. Health grades are informational only, computed from public regulatory filings. Always verify current standing directly with FDIC.gov before making financial decisions.