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Oconee Federal Financial Corp. acts as the parent company for Oconee Federal Savings and Loan Association, providing a comprehensive range of banking solutions and financial services. Its operational footprint spans the Oconee County area of northwestern South Carolina and the northeast region of Georgia. The institution offers diverse deposit products, including checking accounts (demand and NOW), money market accounts, savings accounts, certificates of deposit, and individual retirement accounts. Its robust loan portfolio encompasses residential mortgages for single-family and multi-family properties, home equity loans and credit lines, commercial real estate financing, construction and land development loans, commercial and industrial loans, agricultural lending, and various consumer loans. The company operates from its executive office and eight branch locations situated across Oconee and Pickens Counties in South Carolina, as well as Stephens and Rabun Counties in Georgia. Established in 1924 and headquartered in Seneca, South Carolina, Oconee Federal Financial Corp. functions as a subsidiary of Oconee Federal, MHC.
Oconee Federal Financial Corp. Announces Annual Financial Results
Oconee Federal reported fiscal year 2026 net income of $4.9 million, or $0.84 per diluted share, an increase from $4.2 million and $0.73 per share in the prior year.
Total assets grew 1.37% to $677.4 million, while net loans rose to $495.7 million, driven by an improved net interest margin of $17.5 million.
The company maintained its dividend consistency, declaring a quarterly cash dividend of $0.10 per share, marking 59 consecutive quarterly payments.