Financial Federal Savings Bank in Memphis, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Financial Federal Savings Bank in Memphis, Tennessee (TN)
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Financial Federal Savings Bank - Overview

  • General
  • 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
  • NoIDNameAddressEstablishedService TypeMap
    044674Financial Federal Savings Bank6305 Humphreys Boulevard, Suite 100, Memphis, TN 38120January 01, 1973Full Service Brick and Mortar

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