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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.”

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-to-stock conversion of 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 much lesser extent, non‐residential mortgage, construction and land and other loans.

TypePublic
Founded1924
HQSeneca, US
Websiteoconeefederal.com

Locations

Oconee Federal Financial is headquartered in
Seneca, United States

Location Map

Latest Updates

Employees (est.) (Feb 2019)78
Revenue (FY, 2018)$18.4 M(-4%)
Share Price (Mar 2019)$26.2 (-1%)

Oconee Federal Financial Office Locations

Oconee Federal Financial has offices in Seneca, Walhalla, Toccoa, Westminster and in 1 other location
Seneca, US (HQ)
115 E North 2nd St
Clayton, US
221 US-76
Seneca, US
813 By Pass 123
Seneca, US
201 E North 2nd St
Toccoa, US
12 E Doyle St
Toccoa, US
2859 GA 17Alt, Toccoa, GA 30577, USA
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Oconee Federal Financial Financials and Metrics

Oconee Federal Financial Revenue

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Oconee Federal Financial's revenue was reported to be $18.42 m in FY, 2018
USD

Revenue (Q2, 2019)

5.1m

Gross profit (Q2, 2019)

4.3m

Gross profit margin (Q2, 2019), %

84%

Net income (Q2, 2019)

947.0k

EBIT (Q2, 2019)

3.8m

Market capitalization (18-Mar-2019)

151.1m

Closing stock price (18-Mar-2019)

26.2

Cash (31-Dec-2018)

11.2m

EV

172.4m
Oconee Federal Financial's current market capitalization is $151.1 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

13.6m17.6m20.4m19.3m18.4m

Cost of goods sold

1.5m1.2m1.2m1.3m1.8m

Gross profit

12.1m16.4m19.2m18.0m16.6m

Gross profit Margin, %

89%93%94%93%90%
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

3.3m3.5m3.4m3.4m5.4m4.9m5.1m4.8m4.7m5.1m4.5m4.6m4.6m4.8m5.1m

Cost of goods sold

429.0k383.0k345.0k308.0k288.0k295.0k291.0k320.0k323.0k329.0k373.0k414.0k480.0k650.0k817.0k

Gross profit

2.9m3.1m3.1m3.1m5.1m4.6m4.8m4.5m4.4m4.7m4.1m4.1m4.2m4.2m4.3m

Gross profit Margin, %

87%89%90%91%95%94%94%93%93%94%92%91%90%87%84%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

11.9m26.2m27.7m20.7m9.9m

Accounts Receivable

Inventories

811.0k309.3m292.1m307.6m327.8m

PP&E

3.0m7.1m6.8m6.6m6.8m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

29.5m24.2m18.5m8.3m21.3m25.5m16.2m24.2m27.6m22.9m25.7m25.0m6.4m6.8m8.9m7.1m11.2m

Inventories

808.0k800.0k822.0k846.0k330.9m322.4m304.6m297.2m291.5m295.5m301.5m896.0k312.9m317.1m319.5m342.0m356.8m

PP&E

3.0m3.0m3.0m3.0m7.1m7.1m7.0m7.0m6.9m6.8m6.7m6.6m6.6m6.8m6.8m7.7m7.7m

Goodwill

3.7m2.9m2.6m2.6m2.6m2.6m2.6m2.6m2.6m2.6m2.6m2.6m2.6m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

3.6m4.5m5.2m5.5m3.0m

Inventories

Accounts Payable

(2.0k)10.0k

Cash From Operating Activities

4.5m6.0m8.2m6.1m6.4m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

919.0k1.0m2.8m1.0m2.1m3.3m1.4m2.4m3.8m1.3m2.6m4.0m857.0k798.0k2.1m884.0k1.8m

Accounts Payable

(1.0k)(2.0k)(309.0k)(1.0k)(2.0k)(3.0k)(7.0k)(9.0k)

Cash From Operating Activities

1.6m3.2m1.6m1.8m2.8m2.4m4.8m6.5m2.0m5.0m5.5m1.6m3.5m4.7m968.0k2.9m

Cash From Investing Activities

(4.4m)(9.4m)(1.5m)31.9m(3.0m)(8.7m)(6.3m)(4.3m)(2.0m)(576.0k)(8.3m)(15.6m)(17.1m)(12.1m)(24.3m)
USDY, 2018

EV/EBIT

45.3 x

EV/CFO

58.7 x

Revenue/Employee

65.5k

Financial Leverage

6 x
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Oconee Federal Financial Frequently Asked Questions

  • When was Oconee Federal Financial founded?

    Oconee Federal Financial was founded in 1924.

  • How many employees does Oconee Federal Financial have?

    Oconee Federal Financial has 78 employees.

  • What is Oconee Federal Financial revenue?

    Latest Oconee Federal Financial annual revenue is $18.4 m.

  • What is Oconee Federal Financial revenue per employee?

    Latest Oconee Federal Financial revenue per employee is $236.1 k.

  • Who are Oconee Federal Financial competitors?

    Competitors of Oconee Federal Financial include Randolph Bancorp, ChoiceOne and Farmers & Merchants Bancorp.

  • Where is Oconee Federal Financial headquarters?

    Oconee Federal Financial headquarters is located at 115 E North 2nd St, Seneca.

  • Where are Oconee Federal Financial offices?

    Oconee Federal Financial has offices in Seneca, Walhalla, Toccoa, Westminster and in 1 other location.

  • How many offices does Oconee Federal Financial have?

    Oconee Federal Financial has 8 offices.