2026-03-23T16:32:03-04:00 2025-12-31 571021392 SCOTT AND COMPANY LLC PO BOX 8388 COLUMBIA SC 292028388 990 2025-01-01 331037188 PROVIDENT BUSINESS FINANCIAL SERVICES INC PROV 8037910071 3125 HEBRON DRIVE WEST COLUMBIA SC 29169 KEITH BLACK PRESIDENT AND CEO 8037910071 2026-03-20 JOHN M PRICE JR P00100665 8032566021 2026-03-20 2025 2025-03-06 01:10:19Z KEITH BLACK 3125 HEBRON DRIVE WEST COLUMBIA SC 29169 1160067 false X WWW.PROVIDENTBFS.COM X ELEEMOSYNARY 2002 SC THE PURPOSE OF THE ORGANIZATION IS TO ACT AS A DEVELOPMENT FINANCE INSTITUTION TO PROMOTE THE GROWTH OF PRODUCTIVE PRIVATE INVESTMENT AND TO ASSIST BUSINESS ENTERPRISES THAT WILL CONTRIBUTE TO THE ECONOMIC DEVELOPMENT OF THE STATE OF SOUTH CAROLINA AND THROUGHOUT THE UNITED STATES. 8 8 8 0 0 1139736 1048429 115531 111638 0 1255267 1160067 0 0 954708 857126 0 0 157858 160446 1112566 1017572 142701 142495 845959 988454 0 845959 988454 X THE PURPOSE OF THE ORGANIZATION IS TO ACT AS A DEVELOPMENT FINANCE INSTITUTION TO PROMOTE THE GROWTH OF PRODUCTIVE PRIVATE INVESTMENT AND TO ASSIST BUSINESS ENTERPRISES THAT WILL CONTRIBUTE TO THE ECONOMIC DEVELOPMENT OF THE STATE OF SOUTH CAROLINA AND THROUGHOUT THE UNITED STATES. false false 842535 1048429 PROVIDENT BUSINESS FINANCIAL SERVICES, INC. (PBFS) ACTS AS A DEVELOPMENT FINANCE INSTITUTION TO PROMOTE THE GROWTH OF PRODUCTIVE PRIVATE INVESTMENT AND TO ASSIST BUSINESS ENTERPRISES THAT WILL CONTRIBUTE TO THE ECONOMIC DEVELOPMENT OF THE STATE OF SOUTH CAROLINA THROUGHOUT THE UNITED STATES OF AMERICA. PFBS PROCESSED 4,818,000 IN SBA 504 DEBENTURES TO ASSIST 3 BUSINESSES IN THE CREATION OR RETENTION OF 62 JOBS. PFBS SERVICED SBA 504 DEBENTURES IN THE AMOUNT OF 93,092,372 FOR THE CREATION AND MAINTENANCE OF A TOTAL OF 3,742 JOBS. 842535 false false false false false false false false false true false false true false false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false true 5 0 8 true false false false false false false false false X 8 8 false false false false false false false true true false false true true false true false true true true false X KEITH BLACK 8037910071 3125 HEBRON DRIVE WEST COLUMBIA SC 29169 MARK RAINES BOARD CHAIRM 1.00 X X 0 0 0 HENRY M POSTON VICE-CHAIR 1.00 X X 0 0 0 PATRICA C HARTUNG SEC/TREAS 1.00 X X 0 0 0 BO ARMSTRONG BOARD MEMBER 1.00 X 0 0 0 ED BEAMAN BOARD MEMBER 1.00 X 0 0 0 TOM EWART BOARD MEMBER 1.00 X 0 0 0 CHARLES A SMITH BOARD MEMBER 1.00 X 0 0 0 KEITH BLACK PRESIDENT AN 40.00 X X 225500 0 25530 SUSAN REDMON LOAN UNDERWR 40.00 X 132000 0 19920 TRINA DORSEY LOAN UNDERWR 40.00 X 117700 0 19062 475200 64512 3 false true false SERVICING FEES 802783 802783 PROCESSING FEES 243482 243482 LATE FEES 1164 1164 OTHER FEES 1000 1000 1048429 111638 111638 1160067 1048429 111638 225500 196185 29315 544314 473553 70761 35939 27673 8266 51373 45208 6165 12400 12400 211 211 10735 10735 7873 7873 7283 5899 1384 17952 17952 33000 19800 13200 21557 18539 3018 8155 8155 1822 1822 13316 13316 TELEPHONE 10828 6497 4331 DUES & SUBSCRIPTIONS 6403 6403 MISCELLANEOUS 5821 5122 699 ELECTRICITY 3090 1854 1236 1017572 842535 175037 0 689400 765562 25409 13671 5849 11738 150710 211154 845959 988454 0 0 X 845959 988454 845959 988454 845959 988454 142495 X false true X true false 25409 13671 11738 11738 ACCRUED REVENUE 209788 DUE FROM OTHERS 1366 211154 1160067 1160067 1160067 1017572 1017572 1017572 X X X X false false false false false false false false false KEITH BLACK PRESIDENT AND CEO 225500 13530 12000 251030 SUSAN REDMON LOAN UNDERWRITER 132000 7920 12000 151920 FORM 990 - ORGANIZATION'S MISSION THE PURPOSE OF THE ORGANIZATION IS TO ACT AS A DEVELOPMENT FINANCE INSTITUTION TO PROMOTE THE GROWTH OF PRODUCTIVE PRIVATE INVESTMENT AND TO ASSIST BUSINESS ENTERPRISES THAT WILL CONTRIBUTE TO THE ECONOMIC DEVELOPMENT OF THE STATE OF SOUTH CAROLINA AND THROUGHOUT THE UNITED STATES. FORM 990, PAGE 6, PART VI, LINE 11B THE PRESIDENT & CEO CONDUCTS A THOROUGH REVIEW OF THE 990 BEFORE PROVIDING A COPY TO THE AUDIT COMMITTEE FOR FINAL APPROVAL. FORM 990, PAGE 6, PART VI, LINE 12C ANY CONFLICTS OF INTEREST ARE IDENTIFIED AS SOON AS LOAN REQUESTS ARE RECEIVED. IN THE CASE OF BANK PARTICIPATION IN LOAN REQUESTS, LOAN COMMITTEE MEMBERS OR BOARD MEMBERS WITH A CONFLICT OF INTEREST ARE RECUSED FROM VOTING ON WHETHER TO APPROVE THE LOAN REQUEST. IN THE CASE OF A CONFLICT OF INTEREST WITH AN OWNERSHIP INTEREST IN A POTENTIAL BORROWER, LOAN REQUESTS ARE PASSED ON TO ANOTHER CDC. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE PRESIDENT AND CEO IS SET BY EITHER THE FULL BOARD OF DIRECTORS OR THE EXECUTIVE COMMITTEE (ABSENT THE VOTE OF THE PRESIDENT) OF PBFS. INDUSTRY STANDARDS, AS PROVIDED BY AN INDEPENDENT INDUSTRY TRADE GROUP, IN CONJUNCTION WITH PERFORMANCE AND FINANCIAL ABILITY OF PBFS, ARE USED TO DETERMINE THE RANGE OF COMPENSATION. THE PRESIDENT USES SIMILAR CRITERIA FOR SETTING COMPENSATION LEVELS FOR EMPLOYEES. THE BOARD EVALUATES THE PERFORMANCE OF THE PRESIDENT & CEO AT LEAST ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15B INDUSTRY STANDARDS, AS PROVIDED BY AN INDEPENDENT INDUSTRY TRADE GROUP, IN CONJUNCTION WITH PERFORMANCE AND FINANCIAL ABILITY OF PBFS, ARE USED TO DETERMINE THE RANGE OF COMPENSATION. THE PRESIDENT USES THIS CRITERIA FOR SETTING COMPENSATION LEVELS FOR EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 19 IF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR TAX RETURN FOR PROVIDENT BUSINESS FINANCIAL SERVICES (PBFS) ARE REQUESTED BY A MEMBER OF THE PUBLIC, THE APPLICABLE LAWS CONCERNING THE DISSEMINATION OF SAID DOCUMENTS ARE FOLLOWED. FOR INSTANCES IN WHICH THE PRESIDENT DEEMS PRUDENT, EITHER THE ATTORNEY FOR PBFS, THE EXECUTIVE COMMITTEE AND/OR FULL BOARD, WILL CONSULT THEM FOR AN APPROPRIATE RESPONSE.