First Reliance Bancshares, Inc. Financial Ratios — FSRL

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	-38.55	-3.13	-44.41	17.42	32.93	10.14	-1.87	4.89	7.49	16.88	7.56	8.85	6.84	7.94	12.77
Return on Assets (%)	-1.83	0.06	-2	1.22	2.37	0.9	-0.16	0.47	0.66	1.55	0.65	0.64	0.48	0.58	1.01
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	0.43	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	4.54	5.89	-32.43	12.61	17.74	4.04	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	1.35	-38.04	7.29	12.91	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	478.33	-43.34	- -	500.21	108.91	-76.77	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-19.73	1.35	-38.04	7.29	12.91	23.66	12.85	10.98	17.42	29.39	16.5	19.41	15.93	18.96	29.74
Profit Margin (%)	-43.59	1.32	-46.43	24.22	45.75	15.65	-3.03	8.41	13.33	22.46	13.59	15.21	12.61	14.66	23.19
Net Income to Common Margin (%)	-48.23	-3.46	-52.2	17.52	38.22	11.49	-3.03	8.41	13.33	22.46	13.59	15.21	12.61	14.66	23.19
Effective Tax Rate (%)	- -	2.39	- -	- -	- -	33.84	123.55	23.38	23.46	23.6	17.65	21.66	20.81	22.68	22.03
Dvd Payout Ratio (%)	2.4	138.25	11.06	-38.28	47.05	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	-37.62	1.2	-39.5	24.09	17.44	10.14	-1.87	4.89	7.49	16.88	7.56	8.85	6.84	7.94	12.77

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	23	21	33	35	20	37	37	35	64	36	42	62	36	31	44
ST Debt	- -	- -	- -	- -	- -	7	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	23	21	33	35	20	30	37	35	64	36	42	62	36	31	44
Total Debt/EBITDA	23.86	17.32	-6.16	15.39	5.94	40.7	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	-21.3	-13.7	-2.77	5.39	0.04	10.78	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	75.41	-5.25	26.62	8.17	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	-59.64	-2.36	9.32	0.06	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	4.67	5.5	4.55	5.55	6.47	6.53	10.29	8.92	8.63	9.68	7.77	6.75	7.33	7.29	8.51
Long-Term Debt/Equity (%)	56.69	51.73	103.79	97.09	50.48	112.87	74.22	67.56	112.6	52.72	59.94	97.78	50.87	39.51	47.4
Long-Term Debt/Capital (%)	36.18	34.09	50.93	49.26	33.55	47.28	42.6	40.32	52.96	34.52	37.48	49.44	33.72	28.32	32.16
Long-Term Debt/Total Assets (%)	4.71	5.09	9.37	9.6	5.41	7.38	8.12	6.02	9.72	5.1	4.66	6.6	3.73	2.88	4.03
Total Debt/Equity (%)	56.69	51.73	103.79	97.09	50.48	138.72	74.22	67.56	112.6	52.72	59.94	97.78	50.87	39.51	47.4
Total Debt/Capital (%)	36.18	34.09	50.93	49.26	33.55	58.11	42.6	40.32	52.96	34.52	37.48	49.44	33.72	28.32	32.16
Total Debt/Total Assets (%)	4.71	5.09	9.37	9.6	5.41	9.06	8.12	6.02	9.72	5.1	4.66	6.6	3.73	2.88	4.03
Net Debt to Equity	-50.61	-40.91	46.62	33.99	0.37	36.72	-49.31	-66.74	-71.11	-143.97	-212.4	-53.8	-30.74	-60.74	-34.53
Net Debt/Capital (%)	-102.48	-69.23	31.8	25.37	0.37	26.86	-39.48	-66.19	-50.26	-1,645.39	404.92	-37.37	-25.59	-77.1	-30.59
EBITDA	1	1	-5	2	3	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	1	1	-6	2	3	- -	- -	-1	-1	-1	-5	-1	-1	-1	-5
Operating Income (Loss)	- -	- -	-6	1	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	4.67	5.5	4.55	5.55	6.47	6.53	10.29	8.92	8.63	9.68	7.77	6.75	7.33	7.29	8.51
Long-Term Debt/Equity (%)	56.69	51.73	103.79	97.09	50.48	112.87	74.22	67.56	112.6	52.72	59.94	97.78	50.87	39.51	47.4
Long-Term Debt/Capital (%)	36.18	34.09	50.93	49.26	33.55	47.28	42.6	40.32	52.96	34.52	37.48	49.44	33.72	28.32	32.16
Long-Term Debt/Total Assets (%)	4.71	5.09	9.37	9.6	5.41	7.38	8.12	6.02	9.72	5.1	4.66	6.6	3.73	2.88	4.03
Total Debt/Equity (%)	56.69	51.73	103.79	97.09	50.48	138.72	74.22	67.56	112.6	52.72	59.94	97.78	50.87	39.51	47.4
Total Debt/Capital (%)	36.18	34.09	50.93	49.26	33.55	58.11	42.6	40.32	52.96	34.52	37.48	49.44	33.72	28.32	32.16
Total Debt/Total Assets (%)	4.71	5.09	9.37	9.6	5.41	9.06	8.12	6.02	9.72	5.1	4.66	6.6	3.73	2.88	4.03
CFO/Total Liabilities	0.65	0.19	1.75	1.12	-1.42	1.45	-0.36	-0.59	-1.99	5.37	4.71	2.9	1.05	-0.9	1.8
CFO/CapEx	20.07	2.3	11.11	12.44	-17.01	11.34	-3.92	-2.78	-12.15	30.39	7.63	22.11	15.12	-15.81	3.76
Altman's Z-Score	0.04	0.04	-0.05	0.05	0.11	0.11	0.14	0.11	0.13	0.16	0.14	0.14	0.13	0.14	0.17

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	9.88	12.98	13.85	16.82	19.13	23.18	47.4	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	36.94	28.12	26.36	21.71	19.08	15.74	7.7	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	8	7	8	15	21	28	59	43	61	61	84	71	70	77	96
- Cash & Cash Equivalents	44	38	18	23	20	27	25	35	41	99	150	34	22	47	32
+ Preferred Equity and Hybrid Capital	18	18	16	16	16	- -	3	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	23	21	33	35	20	37	37	35	64	36	42	62	36	31	44
Enterprise Value	5	9	39	44	26	20	74	44	85	-1	-24	99	84	61	108
Total Capital	64	63	65	72	61	64	87	87	121	105	113	125	108	108	137
Total Debt/Capital (%)	36.18	34.09	50.93	49.26	33.55	58.11	42.6	40.32	52.96	34.52	37.48	49.44	33.72	28.32	32.16
Total Debt / EV	4.33	2.43	0.86	0.81	0.78	1.87	0.5	0.81	0.76	-27.04	-1.79	0.63	0.43	0.51	0.41
EV/Sales	0.25	0.42	2.32	2.41	1.36	0.88	3.26	1.51	2.77	- -	- -	2.53	2.31	1.5	2.3
EV/EBITDA	5.51	7.12	- -	19.08	7.65	21.71	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	30.99	- -	33.01	10.51	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	1.82	12.26	6.83	11.83	- -	3.57	- -	- -	- -	- -	- -	3.9	8.85	- -	6.01
EV/Free Cash Flow to Firm	1.74	8.54	6.27	10.95	- -	3.28	- -	- -	- -	- -	- -	3.73	8.3	- -	4.75
Diluted Market Cap	8	7	7	15	21	27	41	43	63	62	83	71	70	- -	102
Diluted Enterprise Value	5	9	38	44	37	37	56	43	87	- -	-25	99	84	-17	114
EV per Share	1.32	2.14	8.47	9.31	5.58	4.22	9.47	5.5	10.84	- -	- -	12.14	10.34	7.54	13.79
TTM Sales	22	21	17	18	19	22	23	29	31	47	39	39	36	40	47
TTM EBITDA	1	1	-5	2	3	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	-6	1	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	3	1	6	4	-5	6	-1	-3	-12	34	40	25	10	-9	18
TTM Free Cash Flow to Firm	3	1	6	4	-4	6	-1	-2	-11	36	45	26	10	-8	23

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	2.65	7.23	1.19	3.86	-4.67	4.5	-37.06	-21.19	-5.71	1.75	1.86	2.67	6.9	- -	4.49
EV/EBIT	- -	30.99	- -	33.01	10.51	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	5	9	39	44	26	20	74	44	85	-1	-24	99	84	61	108
Low Price	1.2	1.05	1.1	1.55	3.26	3.75	5.91	5.15	5.28	4.85	7.23	8.58	6	7.6	9
EV/Sales	0.25	0.42	2.32	2.41	1.36	0.88	3.26	1.51	2.77	- -	- -	2.53	2.31	1.5	2.3
EV/EBITDA	5.51	7.12	- -	19.08	7.65	21.71	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	4.76	2.78	10.2	- -	17.35	15.18	5.78	14.98	11.44	14.56	- -	8.83
Price/Earnings Average	-0.89	-12.5	-0.87	3.39	2.57	8.43	-54.56	23.02	14.12	4.65	14.42	12.34	12.46	- -	7.29
Price/Earnings High	-1.52	-20.15	-1.23	4.91	3.26	10.2	-63.43	24.84	15.88	5.93	15.77	13.38	15.29	- -	9.86
Price/Earnings Low	-0.47	-5.96	-0.54	2.24	1.99	6.44	-46.86	16.4	10.25	3.62	10.62	11.25	10.2	- -	6.48
Price/Book Value	0.35	0.32	0.48	0.76	0.88	1.04	1.25	0.83	1.08	0.89	1.19	1.12	0.98	0.99	1.03
Price/Book Value Average	0.4	0.39	0.49	0.54	0.81	0.86	1.14	1.1	1	0.72	1.15	1.21	0.84	0.93	0.85
Price/Book Value High	0.68	0.63	0.71	0.78	1.03	1.04	1.33	1.18	1.12	0.92	1.25	1.31	1.03	1.09	1.15
Price/Book Value Low	0.21	0.19	0.31	0.36	0.63	0.66	0.98	0.78	0.73	0.56	0.84	1.1	0.68	0.79	0.76
Price/Tangible Book Value	0.35	0.32	0.48	0.76	0.92	1.24	1.44	1.03	1.37	1.1	1.51	1.36	1.18	1.21	1.24
Price/Tangible Book Value Average	0.4	0.39	0.49	0.54	0.85	1.02	1.32	1.37	1.27	0.89	1.45	1.47	1.01	1.14	1.02
Price/Tangible Book Value High	0.68	0.63	0.71	0.78	1.08	1.24	1.54	1.48	1.43	1.13	1.59	1.6	1.24	1.34	1.38
Price/Tangible Book Value Low	0.21	0.19	0.31	0.36	0.66	0.78	1.14	0.97	0.92	0.69	1.07	1.34	0.83	0.96	0.91
Price/Sales	0.38	0.36	0.44	0.83	1.06	1.17	1.8	1.46	2.02	1.3	2.04	1.74	1.84	- -	2.05
Price/Sales Average	0.43	0.43	0.45	0.59	0.98	0.97	1.65	1.94	1.88	1.05	1.96	1.88	1.57	- -	1.69
Price/Sales High	0.73	0.7	0.64	0.86	1.25	1.17	1.92	2.09	2.12	1.33	2.14	2.03	1.93	- -	2.29
Price/Sales Low	0.23	0.21	0.28	0.39	0.76	0.74	1.42	1.38	1.37	0.81	1.44	1.71	1.29	- -	1.5
Price/Cash Flow	2.78	10.37	1.3	4.1	-4.3	4.77	-27.6	-13.33	-5.16	1.78	2	2.68	7.05	- -	5.36
Price/Cash Flow Average	3.11	12.62	1.33	2.92	-3.99	3.94	-25.33	-17.69	-4.8	1.43	1.92	2.89	6.03	- -	4.43
Price/Cash Flow High	5.35	20.35	1.9	4.22	-5.06	4.77	-29.44	-19.08	-5.39	1.83	2.1	3.13	7.4	- -	5.99
Price/Cash Flow Low	1.67	6.02	0.83	1.93	-3.08	3.01	-21.75	-12.6	-3.48	1.11	1.42	2.63	4.94	- -	3.93
Price/Free Cash Flow Average	2.96	8.79	1.22	2.75	-4.34	3.72	-34	-28.11	-5.31	1.41	1.79	2.89	5.9	- -	3.71
Price/Free Cash Flow High	5.09	14.18	1.74	3.97	-5.5	4.5	-39.53	-30.32	-5.97	1.8	1.96	3.13	7.25	- -	5.02
Price/Free Cash Flow Low	1.59	4.19	0.77	1.82	-3.35	2.84	-29.2	-20.02	-3.85	1.1	1.32	2.63	4.83	- -	3.3
EV/Sales Average	0.3	0.5	2.33	2.16	1.86	1.46	3.05	1.99	2.63	- -	- -	2.68	2.03	1.38	1.94
EV/Sales High	0.6	0.76	2.54	2.43	2.14	1.67	3.43	2.15	2.87	0.01	- -	2.84	2.4	1.7	2.54
EV/Sales Low	0.1	0.27	2.15	1.96	1.63	1.22	2.71	1.42	2.12	- -	- -	2.5	1.73	1.1	1.75
EV/EBITDA Average	6.51	8.42	-7.19	17.14	10.49	36.04	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	13.24	12.91	-7.83	19.29	12.04	41.36	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	2.16	4.59	-6.64	15.52	9.18	30.09	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	36.66	-6.13	29.65	14.42	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	56.2	-6.67	33.37	16.55	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	19.98	-5.66	26.84	12.61	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	2	1.81	1.71	3.29	4.55	5.94	7.5	5.45	7.82	7.75	10.2	8.72	8.57	9.59	12.26
High Price	3.85	3.55	2.5	3.39	5.35	5.94	8	7.8	8.18	7.95	10.74	10.2	9	10.59	13.7
Enterprise Value Average	6	10	39	39	36	33	69	58	81	-13	-27	104	74	56	91
Enterprise Value High	13	16	42	44	41	38	78	62	88	- -	-19	111	88	69	119
Enterprise Value Low	2	6	36	36	31	27	62	41	65	-24	-48	98	63	45	82

Shares Outstanding	4	4	5	5	5	5	8	8	8	8	8	8	8	8	8
Diluted Weighted Avg Shares	4	4	4	5	5	5	5	8	8	8	8	8	8	- -	8
Basic Weighted Avg Shares	4	4	4	5	4	4	5	8	8	8	8	8	8	- -	8
Revenue per Share	5.25	5.1	3.88	3.94	4.29	5.07	4.17	3.73	3.86	5.97	5.01	5.01	4.66	- -	5.99
EBITDA per Share	0.24	0.3	-1.26	0.5	0.76	0.2	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	0.07	-1.48	0.29	0.55	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	-2.53	-0.18	-2.03	0.69	1.64	0.58	-0.13	0.31	0.52	1.34	0.68	0.76	0.59	- -	1.39
Basic EPS from Cont Ops	-2.29	0.07	-1.8	0.96	1.96	0.79	-0.13	0.31	0.52	1.34	0.68	0.76	0.59	- -	1.39
Diluted EPS, GAAP	-2.53	-0.18	-2.03	0.68	1.6	0.57	-0.13	0.31	0.51	1.32	0.65	0.73	0.56	- -	1.31
Diluted EPS from Cont Ops	-2.29	0.07	-1.8	0.94	1.92	0.77	-0.13	0.31	0.51	1.32	0.65	0.73	0.56	- -	1.31
Dividend per Share	0.18	- -	- -	- -	1.09	0.21	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.72	0.17	1.32	0.8	-1.06	1.25	-0.27	-0.41	-1.52	4.35	5.1	3.26	1.22	- -	2.29
Free Cash Flow per Basic Share	0.68	0.1	1.2	0.74	-1.12	1.14	-0.34	-0.56	-1.64	4.21	4.43	3.11	1.14	- -	1.68
Cash & Equivalents per Share	10.8	9.32	4.02	4.88	6.71	9.63	3.15	4.4	5.17	12.49	18.21	4.18	2.7	5.88	4.1
Book Value per Share	5.65	5.62	3.54	4.34	5.19	5.7	6.01	6.6	7.27	8.68	8.57	7.78	8.77	9.68	11.88
Tangible Book Value per Share	5.65	5.62	3.54	4.34	4.97	4.8	5.2	5.28	5.71	7.03	6.76	6.39	7.25	7.92	9.92

First Reliance Bancshares, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)