Total Assets
$581M
Total balance-sheet footings
2026 data FDIC sourced Public-data reference.
First Piedmont Federal Savings and Loan Association of Gaffney — FDIC Bank Health Profile
Gaffney, South Carolina · Est. 1933. Free, sourced from the FDIC BankFind Suite — refreshed each quarter and cross-checked against the FDIC Call Report.
Nationally chartered (OCC) Savings bank FDIC Cert #28859 Atlanta Region
D
Health grade
Weak
Score: 37/100
Basel III capital ratios — First Piedmont Federal Savings and Loan Association of Gaffney
Total Deposits
$409M
Customer-funded liabilities
Net Loans
$498M
Outstanding loan book
Net Income
$10M
Bottom-line earnings
Safety Metrics
Tier 1 capital ratio
Well-capitalized 10%
0.00% of risk-weighted assets — below the federal "well-capitalized" threshold of 10%.
Tier 1 Capital Ratio
Core capital ÷ risk-weighted assets. Well-capitalized: ≥10%
0.00%
Texas Ratio
Non-performing loans ÷ equity. Danger zone: >100%
—
Equity Capital
Tangible book value as a capital buffer
$167M
Profitability Metrics
Return on Assets (ROA)
Net income ÷ assets. Healthy: ≥1%
1.81%
Return on Equity (ROE)
Net income ÷ equity. Industry avg: ~10%
6.39%
Efficiency Ratio
Operating costs ÷ revenue. Efficient: <60%
55.56%
Income & Expense Breakdown
$30M
Interest Income
$5M
Non-Interest Income
$17M
Non-Interest Expense
FDIC Deposit Insurance
First Piedmont Federal Savings and Loan Association of Gaffney is FDIC-insured (Certificate #28859). Your deposits are protected up to $250,000 per depositor, per account category regardless of this bank's health grade.
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. The bank currently holds $581M in total assets and $409M in customer deposits, with $498M deployed as loans. It operates as a Nationally chartered (OCC) (Savings bank) within the FDIC Atlanta region. These figures come directly from the bank's quarterly FDIC Call Report and reflect the balance sheet as of the latest regulatory filing.
On safety metrics, First Piedmont Federal Savings and Loan Association of Gaffney reports a Tier 1 Capital Ratio of 0.00% — below the 6% "adequately capitalized" minimum set by federal regulators and a Texas Ratio of —. Equity capital stands at $167M, serving as the tangible buffer against loan losses. On profitability, the bank posted a Return on Assets of 1.81% and a Return on Equity of 6.39%, with an Efficiency Ratio of 55.56% — below the 60% mark considered efficient for the industry. The combined picture yields a PlainBankData health grade of D (37/100), a composite score that blends all four dimensions.
Not financial advice. This page summarizes public FDIC Call Report data for informational purposes only. Health grades are our interpretation of regulatory filings and are not official FDIC ratings, endorsements, or predictions. Regardless of grade, every dollar on deposit at First Piedmont Federal Savings and Loan Association of Gaffney is protected by FDIC insurance up to $250,000 per depositor, per ownership category — even if the bank were to fail. For decisions about where to hold deposits, consult a qualified financial professional and verify the latest figures directly at the FDIC's BankFind Suite.
Top 5 banks in South Carolina by total assets
Source: FDIC BankFind Suite — Call Report (FFIEC 031/041) + CRA performance data First Piedmont Federal Savings and Loan Association of Gaffney (FDIC Cert #28859) — Tier 1 capital ratio, total assets, deposits, CRA rating · 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 Bank Greenville | $27.9B | B | 1.19% |
| Southern First Bank Greenville | $4.4B | C | 0.75% |
| Coastal States Bank Hilton Head Island | $2.3B | B | 1.17% |
| Anderson Brothers Bank Mullins | $2.2B | C | 1.38% |
| First Community Bank Lexington | $2.1B | C | 1.07% |
| The Conway National Bank Conway | $1.9B | B | 1.23% |
| South Atlantic Bank Myrtle Beach | $1.9B | C | 0.93% |
| Bank of Travelers Rest Travelers Rest | $1.6B | B | 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 D (37/100) based on four FDIC financial metrics: Tier 1 Capital Ratio (40%), Return on Assets (25%), Texas Ratio (20%), and Efficiency Ratio (15%). This bank shows notable financial weaknesses. Your deposits remain FDIC-insured up to $250,000.
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. It is headquartered in Gaffney, South Carolina.
Is my money safe at First Piedmont Federal Savings and Loan Association of Gaffney? ▼
Yes. First Piedmont Federal Savings and Loan Association of Gaffney is FDIC-insured (Certificate #28859). Your deposits are protected up to $250,000 per depositor, per account category, regardless of the bank's health grade. If a bank fails, the FDIC typically makes insured deposits available within one business day.
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 0.00%. The federal "well-capitalized" threshold is 10%. This bank is below the 6% minimum for "adequately capitalized" status.
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%. Below 60% is considered efficient — the bank converts a strong share of revenue into profit. This metric compares non-interest expenses to total revenue.
Bank Safety Guides
Related Data Sources
Data from the FDIC BankFind Suite API. Financial data as of Q4 2025.
Related
Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainBankData Editorial
Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the FDIC BankFind Suite. Consult a qualified professional before making decisions based on this data.
Read our methodology — how this data is sourced, computed, and verified.