First Piedmont Fs&la Gaffney
Gaffney, South Carolina · FDIC Cert #28859
First Piedmont Fs&la Gaffney is an FDIC-insured bank (Certificate #28859) with $550M in total assets and $394M in total deposits as of the Q2 2024 Call Report. Headquartered in Gaffney, South Carolina, the bank maintains a Tier 1 capital ratio of 0.00% (Critically Undercapitalized) and a nonperforming loan ratio of 0.50%. BankHealthData assigns a composite Health Grade of D (42/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
First Piedmont Fs&la Gaffney (FDIC cert 28859) is a community bank — $550M in total assets, $394M in deposits, serving the Gaffney, South Carolina area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Tier 1 capital ratio is not disclosed in the most recent Call Report — unusual but possible for new institutions or those filing under specific regulatory exemptions. Asset quality is clean: non-performing loan ratio of 0.50% is below 0.5% — well within the healthy range for U.S. community and regional banks. Clean NPL ratios reflect either disciplined underwriting, a low-credit-risk loan mix, or both. Liquidity is thin: 9.5% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is strong: return on assets of 2.52% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. First Piedmont Fs&la Gaffney carries a composite BankHealth grade of D (42/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: First Piedmont Fs&la Gaffney
- Total Assets
- $550M
- Total Deposits
- $394M
- Tier 1 Capital Ratio
- 0.00%
- Capital Status
- Critically Undercapitalized
- Nonperforming Loans
- 0.50%
- Liquidity Ratio
- 9.50%
- Return on Assets
- 2.52%
- Headquarters
- Gaffney, South Carolina
- FDIC Certificate
- #28859
- Health Grade
- D (42/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, First Piedmont Fs&la Gaffney holds a Tier 1 capital ratio of 0.00%. This falls below the 6% threshold regulators require, which may subject First Piedmont Fs&la Gaffney to additional regulatory scrutiny.
Key Financial Metrics
What This Means For Your Money
First Piedmont Fs&la Gaffney shows some financial weakness with a Health Score of 42/100. This does not mean the bank will fail, but some financial indicators are below average. Your FDIC-insured deposits (up to $250,000) are fully protected by the US government.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How First Piedmont Fs&la Gaffney Compares
First Piedmont Fs&la Gaffney’s Health Score of 42 is 32 points below the South Carolina state average of 74 across 38 FDIC-insured banks. Its 0.00% Tier 1 capital ratio is 14.0 points below the US banking industry average near 14%. The 0.50% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 2.52% is in line with or above the national ROA benchmark of ~1.1%. Among 1406 similarly-sized banks, the average Health Score is 70, meaning this bank ranks below its size cohort. Site-wide, First Piedmont Fs&la Gaffney is 28 points below the portfolio average of 70.
Frequently Asked Questions
First Piedmont Fs&la Gaffney has a Bank Health Score of D (42/100), placing it showing signs of financial stress. It holds a Tier 1 capital ratio of 0.00%, which is below the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. First Piedmont Fs&la Gaffney's Tier 1 capital ratio of 0.00% and nonperforming loan ratio of 0.50% indicate an elevated risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at First Piedmont Fs&la Gaffney is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #28859). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
First Piedmont Fs&la Gaffney holds $550M in total assets and $394M in total deposits. It is headquartered in Gaffney, South Carolina (FDIC Certificate #28859).
First Piedmont Fs&la Gaffney has a Tier 1 capital ratio of 0.00%, classifying it as "Critically Undercapitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.50%, and the return on assets is 2.52%.
Yes. First Piedmont Fs&la Gaffney is FDIC-insured (Certificate #28859). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An D grade on our Bank Health Score means 40-54/100 — multiple metrics showing stress; worth monitoring. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
First Piedmont Fs&la Gaffney shows financial stress on one or more metrics. While insured deposits remain protected up to $250K per depositor per ownership category, depositors with higher balances may want to spread funds across additional FDIC-insured institutions. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.