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First Reliance Bancshares Reports First Quarter 2021 Results News provided by Share this article Share this article FLORENCE, S.C., April 23, 2021 /PRNewswire/ First Reliance Bancshares, Inc. (OTC:FSRL), the holding company for First Reliance Bank (collectively, First Reliance or the Company ), today announced its financial results for the first quarter of 2021. First Quarter 2021 Highlights Net income for the first quarter of 2021 was $1.7 million, or $0.21 per diluted share, compared to $0.9 million, or $0.11 per diluted share, for the first quarter of 2020, representing an increase of 99.1%. Total deposits increased by $67.2 million, or 11.3%, to $661.2 million at March 31, 2021 from $594.0 million at December 31, 2020. Non-interest bearing and interest bearing NOW accounts increased $41.0 million, or 14.2%, to 329.1 million at March 31, 2021 from $288.2 million at December 31, 2020.

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