FDIC Certificate #: 31840 Status: Active Federal Reserve ID: 590976 Date Established: January 01, 1973 WWW:http://www.finfedmem.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 7523 FDIC's unique #: 44674 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 14, 1977 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 6305 Humphreys Boulevard, Suite 100, Memphis, TN 38120 County: Shelby Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Memphis Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Memphis, TN-AR-MS (#4920) Core Based Statistical Area (CBSA): Memphis, TN-MS-AR (#32820) CBSA Metro Statistical Area: Memphis, TN-MS-AR (#32820)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $318.4 mil Equity capital: $48.0 mil Deposits held in domestic offices: $207.5 mil Return on assets (ROA): 1.25% ($4.0 mil) Quarterly return on assets: 0.81% ($2.6 mil) Return on Equity (ROE): 8.28% ($4.0 mil) Quarterly return on equity: 5.37% ($2.6 mil) Net income: $3.9 mil Quarterly Net income: $0.7 mil Pretax return on assets: 1.38% ($4,393.9 mil) Quarterly Pretax return on assets: 0.91% ($2,897.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
53Total employees (full-time equivalent)
$318,398Total assets
$7,933Cash and due from depository institutions
$6,469Interest-bearing balances
$0Securities
$6,000Federal funds sold & reverse repurchase agreements
$295,691Net loans & leases
$5,365Loan loss allowance
$0Trading account assets
$489Bank premises and fixed assets
$1,487Other real estate owned
$112Goodwill and other intangibles
$318,398Life insurance assets
$6,686All other assets
$270,370Total liabilities and capital
$207,455Total liabilities
$207,455Total deposits
$207,455Interest-bearing deposits
$94Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$60,900Trading liabilities
$0Other borrowed funds
$2,015Subordinated debt
$48,028All other liabilities
$48,028Total equity capital
$48,028Total bank equity capital
$0Perpetual preferred stock
$1,062Common stock
$1,265Surplus
$45,701Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4,745Income earned, not collected on loans
$0Earning assets
$1,104Long-term assets (5+ years)
$308,160Average Assets, year-to-date
$0Average Assets, quarterly
$315,297Volatile liabilities
$322,195Insider loans
$272,675FHLB advances
$318,398Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$48,028Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$58,749Restructured Loans and leases
$578Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$13,744Total interest income
$2,877Total interest expense
$10,867Net interest income
$2,400Provision for loan and lease losses
$3,269Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$3,269Additional noninterest income
$7,383Total noninterest expense
$5,090Salaries and employee benefits
$724Premises and equipment expense
$1,569Additional noninterest expense
$4,353Pre-tax net operating income
$0Securities gains (losses)
$405Applicable income taxes
$3,948Income before extraordinary items
$0Extraordinary gains - net
$3,948Net income attributable to bank
$0Net charge-offs
$3,948Cash dividends
$1,962Sale, conversion, retirement of capital stock, net
$2,108Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.53%Yield on earning assets
0.95%Cost of funding earning assets
3.58%Net interest margin
1.08%Noninterest income to earning assets
2.43%Noninterest expense to earning assets
1.25%Net operating income to assets
1.25%Return on assets (ROA)
1.38%Pretax return on assets
8.28%Return on equity (ROE)
3.86%Retained earnings to average equity (YTD only)
0.66%Net charge-offs to loans
122.32%Credit loss provision to net charge-offs
3.44%Efficiency ratio
52,228Assets per employee
6.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
53.39%Loss allowance to loans
1.78%Loss allowance to noncurrent loans
113.07%Noncurrent assets plus other real estate owned to assets
1.96%Noncurrent loans to loans
1.58%Net loans and leases to deposits
142.53%Net loans and leases to core deposits
152.17%Equity capital to assets
15.08%Core capital (leverage) ratio
15.08%Tier 1 risk-based capital ratio
17.61%Total risk-based capital ratio
Memoranda
$19Average assets
$315,297Average earning assets
$47,708Average equity
$303,398Average loans
List of branches
1 Tennessee Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
44674
Financial Federal Savings Bank
6305 Humphreys Boulevard, Suite 100, Memphis, TN 38120
January 01, 1973
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Financial Federal Savings Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: