First Reliance Bancshares Inc Salary

First Reliance Bancshares Inc Salary

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As of August 2026, the average annual salary for employees at First Reliance Bancshares Inc in the United States is $89,057. This translates to an approximate hourly wage of $43. Salaries at First Reliance Bancshares Inc typically range from $78,064 to $101,039 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at First Reliance Bancshares Inc

Ready for your next career move? Explore current job openings at First Reliance Bancshares Inc. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is First Reliance Bancshares Inc’s Pay Competitive? Salary Benchmarking Analysis

How does First Reliance Bancshares Inc's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Union State Bank of Fargo $91,746
+3.0%
Driven by niche technical certifications required for Union State Bank of Fargo's specialized projects.
Fleet Mortgage Corp $89,236
+0.2%
Indicates identical technical requirements and experience levels between the two firms.
Adrian State Bank $100,280
+12.6%
Supported by Adrian State Bank's high-margin contracts allowing higher overhead.
Malden State Bank $96,957
+8.9%
Influenced by prevailing union wage agreements specific to Malden State Bank's sector.
Financial Services Industry $121,514
+36.4%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How First Reliance Bancshares Inc's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at First Reliance Bancshares Inc. Click a company name to learn more.

Employee Reviews: Working at First Reliance Bancshares Inc

Considering a career at First Reliance Bancshares Inc? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
This is a company that invests in people. Recognition programs make employees feel valued. The company attracts and retains top talent. Employees enjoy job security along with opportunities to work on exciting new initiatives.
Commented in March 25, 2025
22
1
I appreciate the leadership’s transparency and commitment to employee engagement. Competitive salaries and comprehensive benefits enhance overall job satisfaction. The company is agile and adapts well to market changes. The firm offers good job security and structured roles but limited flexibility. Leadership encourages creative problem-solving and regularly implements employee suggestions for pro...
Commented in October 14, 2024
21
2
I haven’t faced surprises, but there’s also little opportunity for input unless part of management. The company's reputation in the industry is stellar, providing pride in our work. Competitive salary and benefits package. I’ve experienced steady growth and feel well supported by management. Regular training programs keep skills up to date.
Commented in October 12, 2024
25
1
Onboarding was straightforward, and expectations are communicated clearly. We're encouraged to do what's right, not just what's profitable. It’s an environment where expertise is recognized, and strategic thinking is highly valued. Knowledge sharing happens organically.
Commented in January 14, 2024
16
1

First Reliance Bancshares Inc Overview

Website
www.firstreliance.com
Founded In
1999
Employees
100 - 200 employees
Industry
Financial Services
Headquarter Address
2170 W Palmetto St Florence South Carolina SC 29501
Revenue
$10 Million - $50 Million
Phone Number
+1 8436565000
Social Media
About First Reliance Bancshares Inc
First Reliance Bancshares, Inc. operates as the bank holding company for First Reliance Bank that provides banking products and services in the United States. The company offers checking, savings, money market, and individual retirement accounts; certificates of deposit; and insurance products. It also provides personal loans, including unsecured, auto, real estate, overdraft protection, and other

What Benefits Does First Reliance Bancshares Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. First Reliance Bancshares Inc offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Florence?

Understanding the cost of living near Florence is key to truly evaluating a salary offer or your current compensation at First Reliance Bancshares Inc.
Florence's Cost of Living Index is approximately 82.5 (17.5% less expensive than US average; 13.4% less than SC average). Pee Dee region hub, affordable housing. PDRTA. When planning your budget based on a salary from First Reliance Bancshares Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,200+ A significant portion of First Reliance Bancshares Inc salary. Location choices impact this heavily.
Utilities (Basic) $160 - $260 Electricity, Heating, Cooling, Water etc.
Public Transportation Limited local transit Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $580+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $640+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,030 - $3,230+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of First Reliance Bancshares Inc

1. What is the typical salary range (low to high) for most roles at First Reliance Bancshares Inc?

The typical annual salary range for most roles at First Reliance Bancshares Inc is approximately from $78,064 to $101,039. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does First Reliance Bancshares Inc pay compared to Union State Bank of Fargo?

The average annual salary at First Reliance Bancshares Inc is $89,057, or an hourly wage of $43, in comparison to Union State Bank of Fargo which pays $91,746 per year or $44 per hour.

3. Do salaries differ significantly between departments at First Reliance Bancshares Inc?

Yes, salaries often differ between departments at First Reliance Bancshares Inc due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at First Reliance Bancshares Inc?

Experience level is a significant factor in determining salary at First Reliance Bancshares Inc, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from First Reliance Bancshares Inc in Florence is fair given the local cost of living?

To determine if a salary offer from First Reliance Bancshares Inc in Florence is fair, first compare the gross salary to our data for similar roles at First Reliance Bancshares Inc and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Florence" to understand its purchasing power.

6. Why might an individual's actual salary at First Reliance Bancshares Inc differ from the ranges shown here?

An individual's actual salary at First Reliance Bancshares Inc can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.

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