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Oconee Federal Financial Corp   (OFED)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $13.5500 $0.00 0.000%
Day's High: $13.55 Week Perf: -1.81 %
Day's Low: $ 13.55 30 Day Perf: 20.88 %
Volume (M): 0 52 Wk High: $ 24.00
Volume (M$): $ 1 52 Wk Avg: $15.05
Open: $13.55 52 Wk Low: $10.36



 Market Capitalization (Millions $) 77
 Shares Outstanding (Millions) 6
 Employees 81
 Revenues (TTM) (Millions $) 17
 Net Income (TTM) (Millions $) 4
 Cash Flow (TTM) (Millions $) -4
 Capital Exp. (TTM) (Millions $) 0

Oconee Federal Financial Corp

Oconee Federal Financial Corp. is a federally-chartered corporation that was incorporated in January 2011 to be the mid-tier stock holding company for Oconee Federal Savings and Loan Association in connection with the mutual holding company reorganization of Oconee Federal Savings and Loan Association.
Oconee Federal Financial Corp. had 5,882,140 shares outstanding and a market capitalization of approximately $108.2 million.
The executive offices of Oconee Federal Financial Corp. are located at 201 East North Second Street, Seneca, South Carolina 29678, and the telephone number is (864) 882-2765. Our website address is www.oconeefederal.com. Oconee Federal Financial Corp. is subject to comprehensive regulation and examination by the Board of Governors of the Federal Reserve System.

Oconee Federal Savings and Loan Association is a federally chartered savings and loan association headquartered in Seneca, South Carolina. Oconee Federal Savings and Loan Association was originally chartered by the State of South Carolina in 1924 as Seneca Building and Loan Association. In 1958, it changed its name to “Oconee Savings and Loan Association,” and in 1991 it converted to a federal charter under the name “Oconee Federal Savings and Loan Association.”


Our principal business consists of attracting retail deposits from the general public in our 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. We also invest in U.S. Government and federal agency securities, mortgage-backed securities and short-term deposits. We have also used borrowed funds as a source of funds, and we borrow principally from the Federal Home Loan Bank of Atlanta. We conduct our business from our executive office and seven branch offices. Our offices are located in Oconee County, South Carolina, Stephens County, Georgia and Rabun County, Georgia. Our primary market area consists of the counties where we have offices and the nearby communities and townships in adjacent counties in South Carolina and Georgia.


Oconee Federal Savings and Loan Association is subject to comprehensive regulation and examination by the Office of the Comptroller of the Currency. Oconee Federal Savings and Loan Association is a member of the Federal Home Loan Bank system.

Oconee Federal, MHC is a federally-chartered mutual holding company formed in January 2011 to become the mutual holding company of Oconee Federal Financial Corp. in connection with the mutual holding company reorganization of Oconee Federal Savings and Loan Association. As a mutual non-stock holding company, Oconee Federal, MHC has as its members all holders of deposit accounts at, and certain borrowers of, Oconee Federal Savings and Loan Association as of October 21, 1991. As a mutual holding company, Oconee Federal, MHC is required by law to own a majority of the voting stock of Oconee Federal Financial Corp. Oconee Federal, MHC is not currently, and at no time has been, an operating company.

The principal lending activity of Oconee Federal Savings and Loan Association is originating one-to-four family residential mortgage loans and, to a lesser extent, home equity loans and lines of credit, nonresidential real estate loans, construction and land loans, commercial loans, agricultural loans, and other loans. We recently increased our loan portfolio of nonresidential real estate loans, home equity loans and lines of credit, and added agricultural loans and to a much lesser extent than the other segments, commercial and industrial loans through the acquisition of Stephens Federal. We plan to continue to maintain the loans we acquired that are of sound credit quality in our portfolio and to increase our lending in nonresidential real estate loans to a modest extent in our primary market area.

Lending activities are conducted solely by our salaried personnel operating at our main and branch office locations. All loans originated by us are underwritten pursuant to our policies and procedures. We originate both fixed-rate and adjustable-rate loans. Our ability to originate fixed or adjustable-rate loans is dependent upon relative customer demand for such loans, which is affected by current and expected future levels of market interest rates. We originate real estate and other loans through our salaried loan officers, marketing efforts, our customer base, walk-in customers and referrals from real estate brokers, builders and attorneys.
With the exception of loans acquired through the Stephens Federal acquisition, we currently do not purchase whole loans or interests in loans from third parties.

 



   Company Address: 201 East North Second Street Seneca 29678 SC
   Company Phone Number: 882-2765   Stock Exchange / Ticker: NASDAQ OFED
   


Customers Net Income grew by OFED's Customers Net Profit Margin grew to

16.84 %

19.9 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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Oconee Federal Financial Corp

Headline: Oconee Federal Financial Corp's Third Quarter Performance Highlights Pressing Three Months in 20232.

Oconee Federal Financial Corp, a financial services company based in South Carolina, reported a return on asset (ROA) of 0.61% in its third quarter of 2023. This figure is below the company's average ROA of 0.88%, indicating a decline in performance.
The decrease in ROA was primarily due to a decline in net income, which has also resulted in a negative impact on the company's total ranking compared to other companies within the financial sector. Among 532 other companies in the sector, Oconee Federal Financial Corp's ROA was lower.






 

Oconee Federal Financial's Segments
 
 
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