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Close of 9 Nov 2026, in USD
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About Oconee Federal Financial
Its shares trade under the ticker OFED. It has been listed since 14 January 2011. In the fiscal year to 30 June 2026, it reported revenue before interest expense of $18.6m and net income of $4.9m. At that date it held total assets of $677.4m and shareholders' equity of $88.5m.
Oconee Federal Financial Corp. is a holding company, which engages in the provision of financial services. The company is headquartered in Seneca, South Carolina. The company went IPO on 2011-01-14. Oconee Federal Savings and Loan Association is a federally chartered savings and loan association. The firm's principal business consists of attracting retail deposits from the public in its market area and investing those deposits, together with funds generated from operations, in one- to four-family residential mortgage loans and, to a lesser extent, nonresidential mortgage, construction and land, agricultural and other loans. The firm also invests in the United States Government and federal agency securities, mortgage-backed securities and short-term deposits. The firm has also used borrowed funds as a source of funds. The firm borrows principally from the Federal Home Loan Bank of Atlanta. The firm's primary market area consists of the counties where it has offices and the nearby communities and townships in adjacent counties in South Carolina and Georgia.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Thrifts & Mortgage Finance
- Listed since
- 14 Jan 2011
- Employees
- 77
- Head office
- 115 E. NORTH SECOND STREET, SENECA, SC, 29678
- Classification
- Savings Institution, Federally Chartered
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Robert McLellanIndependent Chairman of the Board$43,125
- Mr. Curtis EvattPresident, Chief Executive Officer, Director$357,958
- Mr. John HobbsChief Financial Officer, Executive Vice President, Director, since 2017$356,804
- Mr. David StaffordChief Operations Officer, Executive Vice President$278,165
- Mr. C. Todd LatiffExecutive Vice President, Chief Banking Officer$258,723
- Mr. Bill BarkerDirector
- Mr. Harry MaysIndependent Director$36,510
- Mr. W. Maurice PooreIndependent Director$36,510
- Mr. Cecil SandiferIndependent Director$36,510
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 12
- Environment
- 14
- Social
- 12
- Governance
- 11
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Strong Financial Performance: Oconee Federal Financial Corp has consistently demonstrated strong financial performance, with stable revenue growth and healthy profitability ratios.
- Established Market Presence: The company has a well-established presence in its target market, with a large customer base and a strong reputation built over several years.
- Diversified Product Portfolio: Oconee Federal Financial Corp offers a wide range of financial products and services, including loans, mortgages, savings accounts, and investment options, catering to the diverse needs of its customers.
Weaknesses
- Limited Geographic Reach: Oconee Federal Financial Corp primarily operates in a specific geographic region, which limits its market potential and growth opportunities in other areas.
- Reliance on Interest Income: The company heavily relies on interest income, making it vulnerable to fluctuations in interest rates and economic conditions that may impact its earnings and profitability.
- Dependence on Traditional Banking: Oconee Federal Financial Corp's focus on traditional banking services might hinder its ability to adapt to technological advancements and changing customer preferences.
Opportunities
- Expansion into New Markets: Oconee Federal Financial Corp can explore opportunities to expand its operations into untapped markets, both geographically and by offering innovative financial products.
- Embracing Technological Advancements: Investing in technology and digital banking solutions can help the company improve efficiency, deliver enhanced customer experiences, and stay competitive in the evolving financial landscape.
- Strategic Partnerships: Collaborating with fintech companies or forming alliances with other financial institutions can provide Oconee Federal Financial Corp with access to new technologies, expertise, and customer segments.
Threats
- Intense Competitive Environment: The financial industry is highly competitive, with both traditional banks and fintech disruptors vying for market share. Oconee Federal Financial Corp may face intensified competition from existing players and new entrants.
- Regulatory and Compliance Risks: Strict regulations, compliance requirements, and potential changes in legislation can pose challenges and increase operational costs for Oconee Federal Financial Corp.
- Economic Volatility: Fluctuations in the economy, such as changes in interest rates, unemployment rates, or housing market conditions, can impact the demand for financial products and services, affecting Oconee Federal Financial Corp's performance.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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