Oconee Federal Savings and Loan Association: how it compares with its peers
Against 19 SC banks with half to twice its assets, Oconee Federal Savings and Loan Association's strongest measure in Q2 2026 is assets per employee ($9.6M vs. a $6.9M peer median). Its weakest relative measure is net interest margin (2.98% vs. 3.85%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.76% | 1.24% | Bottom third Ahead of 16% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.98% | 3.85% | Bottom third Ahead of 11% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 61.11% | 59.17% | Middle third Ahead of 42% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.6M | $6.9M | Top third Ahead of 79% of peers |
| Loans to deposits Net loans and leases over total deposits. | 86.78% | 73.41% | Context |
What it means for lending operations
Its efficiency ratio of 61.11% is above the 59.17% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Countybank Greenwood, SC · $733M
- Palmetto State Bank Hampton, SC · $597M
- First Piedmont Federal Savings and Loan Association of Gaffney Gaffney, SC · $597M
- OPTUS Bank Columbia, SC · $764M
- The Bank of South Carolina Charleston, SC · $571M
- Enterprise Bank of South Carolina Ehrhardt, SC · $535M
Questions about Oconee Federal Savings and Loan Association
How big is Oconee Federal Savings and Loan Association?
Oconee Federal Savings and Loan Association, established in 1924, is headquartered in Seneca, SC. It reported $679M in total assets in its Q2 2026 FDIC call report and operates 8 offices.
What is Oconee Federal Savings and Loan Association's return on assets?
0.76% annualized in Q2 2026, against a 1.24% median for 19 SC banks with half to twice its assets, ahead of 16% of them.
What is Oconee Federal Savings and Loan Association's efficiency ratio?
61.11% in Q2 2026: it spent about 61 cents in noninterest expense for each dollar of revenue. The peer median is 59.17%, and lower is better.
Is Oconee Federal Savings and Loan Association growing its loans?
Net loans grew 3.5% over the year to Q2 2026, while deposits grew 4.2%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are SC banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every South Carolina bank ranked.