Oconee Federal Financial Corp. (OFED): Business Model Canvas [Dec-2025 Updated]

You're looking to see how a community-focused savings and loan, like Oconee Federal Financial Corp. (OFED), actually makes its money and stays rock-solid in today's market. Forget the jargon; let's look at the engine room. As of late 2025, their model hinges on a $484.4 million loan portfolio, which generated a net interest margin (NIM) of $15.5 million against total assets of $659.0 million. That's a classic, relationship-driven model relying on local trust and high capital buffers, not flashy trading. Want to see exactly how their eight branches and local partnerships translate into that stability? Dive into the full Business Model Canvas below.

Oconee Federal Financial Corp. (OFED) - Canvas Business Model: Key Partnerships

You're looking at the external relationships Oconee Federal Financial Corp. (OFED) relies on to deliver its value proposition across its service area. These partnerships are critical for extending reach and ensuring operational stability, especially for a community-focused institution.

Allpoint ATM network for expanded customer access

Oconee Federal Financial Corp. partners with the Allpoint ATM network to give customers surcharge-free access to cash outside of its own branch locations. This is a key component for customer convenience, especially given the bank operates across South Carolina and Georgia.

• Access to over 55,000 surcharge-free ATMs globally.
• ATMs are situated at major retail locations like CVS, Walgreens, Kroger, and Costco.
• The network now includes Allpoint+ deposit-enabled ATMs at select locations, helping customers load cash to participating accounts.

Correspondent banks for liquidity and services

While the specific names of correspondent banks are not publicly detailed in recent filings, these relationships are fundamental for managing interbank transfers, clearing services, and maintaining necessary liquidity buffers beyond the institution's own balance sheet. These partners help Oconee Federal Financial Corp. operate smoothly on a national scale for certain transactions.

Local businesses and community organizations

As a community-oriented financial institution, Oconee Federal Financial Corp. maintains relationships with local entities across its operating footprint, which includes Oconee County, Pickens County in South Carolina, Stephens County in Georgia, and Rabun County in Georgia. These partnerships often manifest through local sponsorships, business banking relationships, and community development efforts, though specific financial commitments are not itemized in the Key Partnerships block.

Third-party vendors for core banking technology

Oconee Federal Financial Corp. relies on external providers for essential technology infrastructure. For its public-facing digital presence, the bank uses BankSITE® Services for design and hosting. Finding the specific vendor for the core processing system-the central ledger and transaction engine-requires deeper regulatory filings, but vendor reliance is a given for modern banking operations.

Here's a quick look at the scale of the business these partnerships support, based on recent financial reporting as of late 2025:

The quarterly dividend remains steady at $0.10 per share, marking fifty-six consecutive quarters at that rate as of September 30, 2025. That consistent payout is a signal of stability to investors and the market.

Finance: draft 13-week cash view by Friday.

Oconee Federal Financial Corp. (OFED) - Canvas Business Model: Key Activities

You're looking at the core engine of Oconee Federal Financial Corp. (OFED), the day-to-day work that keeps the lights on and the balance sheet healthy. For a community-focused savings and loan, these activities are tightly linked, especially in the current rate environment.

Originating and servicing a loan portfolio of $484.4 million is central. This isn't just about writing checks; it's about managing the quality and yield of that asset base. As of September 30, 2025, the total loans outstanding stood at $484.4 million, showing a slight increase from the prior quarter. This activity requires deep local market knowledge to underwrite sound credit decisions across their footprint in South Carolina and Georgia.

The second critical function is attracting and managing customer deposits. Deposits are the lifeblood, the primary funding source for that loan portfolio. While I don't have the precise total deposit figure for September 30, 2025, we know the total assets Oconee Federal Financial Corp. was managing stood at $659.0 million at that date. Managing these liabilities means offering competitive rates to keep core deposits sticky while minimizing reliance on more volatile funding sources.

Next up is maintaining high regulatory capital ratios. This is the buffer that protects depositors and signals financial strength to regulators and the market. The President and Chief Executive Officer, Curtis T. Evatt, noted that the capital ratios 'remain among some of the highest in the industry' as of the third quarter of 2025. This robust capital position is supported by solid equity metrics, with the stock book value at $14.83 and tangible book value at $14.39 per share on September 30, 2025.

Finally, Oconee Federal Financial Corp. must focus on managing interest rate risk to optimize net interest margin. This is the spread between what they earn on assets (loans, investments) and what they pay on liabilities (deposits, borrowings). The success of this management is clearly visible in the year-over-year improvement; the net interest margin for the year ended June 30, 2025, reached $15.5 million, up from $12.1 million the prior year. That's a tangible result of effective balance sheet positioning.

Here's a quick look at some of the key metrics that tie directly into these activities as of late 2025:

The operational focus supporting these numbers includes several ongoing tasks:

• Servicing the existing loan book efficiently.
• Executing on the quarterly dividend policy of $0.10 per share.
• Managing noninterest expense to support profitability.
• Integrating growth from past acquisitions, like Mutual Savings Bank in January 2024.

The quarterly dividend paid to stockholders for the period ending September 30, 2025, was $582 thousand. That's how they manage the return side of the capital equation, defintely.

Finance: draft 13-week cash view by Friday.

Oconee Federal Financial Corp. (OFED) - Canvas Business Model: Key Resources

You're looking at the core assets Oconee Federal Financial Corp. (OFED) relies on to execute its business plan. These aren't just line items; they're the foundation of its community banking model.

The balance sheet strength is a key resource. As of the close of the third quarter on September 30, 2025, Oconee Federal Financial Corp. reported Total assets of $659.0 million. This figure reflects the scale of their operations and the trust placed in them by depositors.

Physically, the institution maintains a tangible local presence. Oconee Federal Savings and Loan Association operates eight full-service branch locations, serving its communities across South Carolina and Georgia. This network is crucial for direct customer interaction and local market penetration. The specific branch locations include:

• Seneca Main Office, Seneca, SC
• Seneca Branch, Seneca, SC
• Walhalla Branch, Walhalla, SC
• Westminster Branch, Westminster, SC
• Clemson Branch, Clemson, SC
• Hartsville Branch, Hartsville, SC
• Toccoa Branch, Toccoa, GA
• Clayton Branch, Clayton, GA

The quality of the capital structure is definitely a standout resource, signaling resilience. The management team consistently highlights that their capital ratios remain among some of the highest in the industry. Here's a snapshot of the key financial figures underpinning that strength as of mid-2025 filings:

Digging into those highly-rated capital levels, the regulatory figures from the June 30, 2025 reporting period show substantial buffers. For instance, the Tier 1 Leverage Ratio stood at 13.57%, and the Total Capital Ratio was reported at 25.85%. These numbers give you a clear picture of the financial cushion Oconee Federal Financial Corp. maintains relative to its asset base.

Finally, the human capital is central to a community bank. You have the benefit of experienced local management and personnel, led by President and Chief Executive Officer Curtis T. Evatt. The team supporting the operations as of mid-2025 comprised 74 employees. This local focus helps them understand the specific credit needs and market dynamics across their service footprint in the Carolinas and Georgia.

Oconee Federal Financial Corp. (OFED) - Canvas Business Model: Value Propositions

You're looking at what Oconee Federal Financial Corp. offers its customers-the core reasons someone chooses them over a larger, national bank. For Oconee Federal Financial Corp., it centers on being local, stable, and accessible.

Community-oriented, personalized banking services

Oconee Federal Financial Corp. positions itself as a community-oriented financial institution. This value proposition is grounded in its long history, having been founded in 1924 in Seneca, South Carolina. The commitment to the local area is evident in its physical footprint.

• Community oriented financial institution since 1924.
• Consistent quarterly dividend of $0.10 per share for 56 consecutive quarters as of Q3 2025.
• Net income for the quarter ended September 30, 2025, was $1.3 million.

Convenient local access via eight branches and ATMs

The physical network is a key differentiator, offering tangible, local touchpoints. As of late 2025, Oconee Federal Financial Corp. maintains a focused presence across two states.

• Operates eight full-service branch locations domestically.
• Service area includes Oconee County, South Carolina, Pickens County, South Carolina, Darlington County, South Carolina, Stephens County, Georgia, and Rabun County, Georgia.
• The FDIC data as of October 31, 2025, confirms 8 domestic locations across 2 states.

Financial stability with high capital ratios

For customers, especially depositors and investors, the perceived safety and financial strength are paramount. Management has repeatedly highlighted the strength of its balance sheet, especially in the context of the current interest rate environment.

Here's a quick look at the figures supporting that stability as of the third quarter of fiscal year 2025:

The CEO noted that capital ratios remain among the highest in the industry. The net interest margin improved to $15.5 million for the year ended June 30, 2025, up from $12.1 million for the prior year.

Traditional savings and loan products for individuals and businesses

Oconee Federal Financial Corp. operates as a federally chartered savings and loan association, which inherently means its core value proposition revolves around traditional lending and deposit services for local consumers and businesses. They strive to deliver quality financial products and services at exceptional values.

• Core business is operating as a savings and loan association.
• Provides products to both individuals and businesses.
• Total loans outstanding stood at $484.4 million at the end of Q3 2025.

Oconee Federal Financial Corp. (OFED) - Canvas Business Model: Customer Relationships

You're looking at how Oconee Federal Financial Corp. keeps its customers engaged in late 2025. The core of their relationship strategy is deeply rooted in their community presence, balancing physical service with digital access.

High-touch, personal service model at branch locations

Oconee Federal Savings and Loan Association, the wholly-owned subsidiary, maintains a physical footprint that supports its community-oriented approach. As of the end of the fiscal year June 30, 2025, and confirmed in late 2025 reporting, Oconee Federal Financial Corp. operates eight full-service branch locations. These branches serve Oconee County, South Carolina, Pickens County, South Carolina, Darlington County, South Carolina, Stephens County, Georgia, and Rabun County, Georgia. This physical network is the foundation for the high-touch service model, allowing for face-to-face interaction with a customer base supporting total assets of $668.2 million as of June 30, 2025.

The emphasis on personal service is evident in the structure of their lending teams, where specific personnel are named and associated with locations, suggesting direct client accountability.

Dedicated relationship managers for commercial lending

For business clients, Oconee Federal Financial Corp. structures its commercial lending around named officers who serve as relationship managers, covering services like Commercial Real Estate Loans, Commercial and Industrial Financing, and SBA Lending. This structure ensures that commercial clients have consistent points of contact for complex financing needs. For instance, officers like C. Todd Latiff, CBO, EVP, and Scott Merriam, SVP, Commercial Loan Officer, are explicitly listed as contacts, indicating a personalized approach to the commercial segment of their business, which supports total loans outstanding of $484.4 million as of September 30, 2025.

Self-service options via mobile and online banking

To complement the personal service, Oconee Federal Financial Corp. provides digital channels for routine transactions. The availability of Online Banking is a standard feature, allowing customers to manage accounts without visiting a physical location. While specific adoption rates for late 2025 aren't public, the offering supports the expectation of providing the 'best products and services to our customers,' which includes digital convenience alongside traditional banking.

The digital offerings include:

• Online Banking access for account management.
• Options for enrolling in online services.
• Processes for password or PIN recovery.

Long-term, trust-based relationships in local markets

The institution emphasizes its history, tracing its roots back to the Seneca Building and Loan Association chartered in February 1924, which speaks directly to building trust over nearly a century. This longevity in the local markets-Oconee, Pickens, and Darlington Counties in South Carolina, and Stephens and Rabun Counties in Georgia-is key to fostering long-term relationships. The company has maintained a consistent commitment to its shareholders, declaring fifty-six consecutive quarterly dividends of $0.10 per share as of the quarter ended September 30, 2025. This financial consistency reinforces the trust narrative with investors and, by extension, the broader customer base.

Key indicators of sustained relationship focus include:

• A history dating back to 1924.
• Consistent quarterly dividend payments.
• Focus on high capital ratios, signaling stability.

The net income for the quarter ended September 30, 2025, was $1.3 million, showing operational health that supports continued service delivery. Finance: draft 13-week cash view by Friday.

Oconee Federal Financial Corp. (OFED) - Canvas Business Model: Channels

You're looking at how Oconee Federal Financial Corp. gets its services to customers as of late 2025. It's a mix of traditional brick-and-mortar presence and digital access, which makes sense for a community-focused institution that has grown its footprint.

The physical footprint is anchored by eight domestic locations spread across 2 states: South Carolina and Georgia. These are the full-service physical branch locations where in-person transactions and relationship banking happen. For instance, as of September 30, 2025, Oconee Federal Financial Corp. reported total assets of $659.0 million, showing the scale supported by this physical network.

For customers needing access outside of branch hours or who prefer remote service, Oconee Federal Financial Corp. provides a digital layer:

• Online Banking platform for account management.
• Mobile Banking App for remote transactions.

The Mobile Banking App specifically lets customers view balances, track transactions, and make payments using a smartphone or tablet. Furthermore, customers get access to the Allpoint ATM network, which provides access to 55,000 surcharge-free ATMs globally, located at places like CVS, Walgreens, and Kroger.

Here's a quick look at how these channels support the business, using the latest available figures from the fiscal year 2025 reporting periods. The total loans outstanding as of September 30, 2025, stood at $484.4 million, a key metric supported by all these access points.

The digital offerings support services like eStatements, which were available for checking, savings, mortgage, and consumer loans. Also, the Mobile Banking App includes upgraded card management and spend tracking features. The company declared a quarterly cash dividend of $0.10 per share for stockholders of record as of August 7, 2025, which was paid on August 21, 2025. This dividend consistency has been maintained for fifty-six consecutive quarters since December 2011.

You can see the Online Banking platform also supports Business Online Banking and Business Bill Pay, showing the channels serve both personal and commercial segments. The physical locations, like the Clayton Branch or the Seneca Branch, offer 24-hour ATM access, which is a nice touch. The bank's headquarters is in Seneca, South Carolina. It defintely relies on its local presence to drive adoption of its digital tools.

Oconee Federal Financial Corp. (OFED) - Canvas Business Model: Customer Segments

You're looking at the core people and entities Oconee Federal Financial Corp. serves across its operating footprint as of late 2025. This is a community-focused institution, so the segments are tightly tied to geography.

The primary geographic focus for Oconee Federal Savings and Loan Association remains South Carolina, specifically:

• Individuals and families in Oconee County, SC
• Individuals and families in Pickens County, SC
• Individuals and families in Darlington County, SC (expanded via the acquisition of Mutual Savings Bank in January 2024)

The institution also serves customers across the Georgia border in:

• Individuals and families in Stephens County, GA
• Individuals and families in Rabun County, GA

To give you a sense of the scale of the business supporting these local segments, here are some key figures from the September 30, 2025, report. This shows the balance sheet context for the customers we're talking about.

Beyond the residential customer base, Oconee Federal Financial Corp. targets the local commercial ecosystem. This includes:

• Small to medium-sized local businesses needing commercial lending and treasury services within the branch footprint.

Finally, the foundation of any savings and loan association is its funding base. A key segment is the local population that relies on Oconee Federal Financial Corp. for safe, accessible banking:

• Retail depositors seeking traditional savings products, such as Certificates of Deposit and standard savings accounts.

Honestly, the strength of the institution is its deep connection to these specific counties, which drives both loan demand and deposit gathering. The total assets of $659.0 million as of September 30, 2025, reflect the aggregate financial relationships with these customer groups.

Oconee Federal Financial Corp. (OFED) - Canvas Business Model: Cost Structure

You're looking at the core expenses that Oconee Federal Financial Corp. (OFED) faces to keep its doors open and its operations running as of late 2025. For a community bank, the cost of money-interest expense-is usually the biggest item, but personnel and technology are right up there, too.

The interest expense on deposits and borrowings is the cost of funding the loan book. Based on the six months ended March 31, 2025, the total interest expense was significant, driven primarily by what they pay on customer deposits.

• Interest expense on Deposits (6 months ended 3/31/2025): $7,455 thousand
• Interest expense on Other borrowings (6 months ended 3/31/2025): $1,717 thousand

Personnel expenses reflect the cost of the team supporting the eight branch locations and corporate functions. The headcount grew to 107 FTE (Full-Time Equivalents) as of June 30, 2025, up from 100 FTE a year prior.

Occupancy and equipment costs cover the physical footprint, which includes the eight domestic locations Oconee Federal Savings and Loan Association operates across South Carolina and Georgia.

Regulatory compliance and technology costs are bundled with other operating expenses, covering everything from core data processing to the fees paid to regulators. Here is a look at the most recently reported quarterly expenses, for the quarter ended September 30, 2025, which gives you a snapshot of the current run rate for these key cost drivers.

The total noninterest expense for the quarter ended September 30, 2025, was higher than the comparable quarter in 2024, primarily due to increases in salaries and employee benefits. The growth in personnel costs aligns with the increase in FTE headcount noted at the end of the prior fiscal year.

Oconee Federal Financial Corp. (OFED) - Canvas Business Model: Revenue Streams

You're looking at the core ways Oconee Federal Financial Corp. ($\text{OFED}$) brings in money, which is pretty standard for a community bank focused on lending. The primary engine here is the spread between what they earn on their assets, mainly loans, and what they pay out on their liabilities, like deposits. This is the heart of their profitability.

The main revenue components for $\text{OFED}$ as of late 2025, based on the latest reported fiscal year data, center on net interest earnings and various non-interest fee income sources. Here's how the key streams break down:

• Net interest income from the loan portfolio, which totaled \$484.4 million.
• Net interest margin of \$15.5 million for the year ended June 30, 2025.
• Loan origination and service fees.
• Non-interest income from service charges on deposit accounts.

The net interest margin improvement to \$15.5 million for the year ended June 30, 2025, shows they managed the interest rate environment well, especially following the acquisition of Mutual Savings Bank in January 2024. That margin improvement helped drive the reported net income of \$4.2 million for the full fiscal year 2025.

To give you a clearer picture of the non-interest income components, since the specific 2025 fee data isn't fully broken out in the latest releases, we can look at the closest comparable figures from the prior fiscal year, June 30, 2024, alongside the loan portfolio size as of September 30, 2025. Honestly, fee income is a smaller, but still important, piece of the puzzle.

The revenue from fees, like loan origination and service charges, provides diversification away from pure interest income. For instance, the total interest income for the year ended June 30, 2024, which includes fees on loans, was \$20.507 million. Service charges on deposit accounts were \$434 thousand for that same period.

You should expect $\text{OFED}$ to continue focusing on growing that loan portfolio, which stood at \$484.4 million as of September 30, 2025, as that directly fuels the primary net interest income stream. The quarterly performance in 2025 also showed non-interest income was a factor, with the Q2 2025 quarter seeing a significant increase in non-interest income compared to Q2 2024, driven by SBA loan-related income and mortgage banking income, though the specific total non-interest income for the full FY2025 isn't immediately clear from the annual release [3 in previous search].

The key takeaway is the reliance on the interest spread, which is performing better now than last year. Finance: confirm the final FY2025 Non-Interest Income breakdown by August 30th.