First Federal Bank in Harrison, Arkansas (AR)

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First Federal Bank
GeneralFDIC Certificate #: 28982
Status: Active
Federal Reserve ID: 687072
Date Established: June 01, 1934
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 18 (Domestic: 18, Interstate: No)
OTS Docket #: 2721
FDIC's unique #: 41816
Numeric code: 37
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: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: November 14, 1934
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
LocationAddress: 1401 Highway 62-65 North, Harrison, AR 72601
County: Boone
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Little Rock
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Harrison, AR (#25460)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $590.1 mil
Equity capital: $76.9 mil
Deposits held in domestic offices: $502.2 mil
Return on assets (ROA): -1.23% (-$7.3 mil)
Quarterly return on assets: -1.26% (-$7.4 mil)
Return on Equity (ROE): -11.99% (-$9.2 mil)
Quarterly return on equity: -9.64% (-$7.4 mil)
Net income: -$7.3 mil
Quarterly Net income: -$1.9 mil
Pretax return on assets: -1.19% (-$7,022.8 mil)
Quarterly Pretax return on assets: -1.23% (-$7,258.8 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)
Total employees (full-time equivalent)200
Total assets$590,149
Cash and due from depository institutions$106,913
Interest-bearing balances$98,377
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$334,514
Loan loss allowance $20,784
Trading account assets$0
Bank premises and fixed assets$21,277
Other real estate owned$39,436
Goodwill and other intangibles$164
All other assets$25,768
Life insurance assets$590,149
Total liabilities and capital$513,291
Total liabilities$502,203
Total deposits$472,914
Interest-bearing deposits$502,203
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$6,679
Other borrowed funds $0
Subordinated debt $4,409
All other liabilities $76,858
Total equity capital$76,858
Total bank equity capital$76,858
Perpetual preferred stock$0
Common stock$0
Undivided profits $-9,127
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $34,346
Earning assets $0
Long-term assets (5+ years) $1,516
Average Assets, year-to-date $494,968
Average Assets, quarterly $0
Volatile liabilities $596,775
Insider loans $595,581
FHLB advances $365,456
Loans and leases held for sale $589,087
Unused loan commitments $22,213
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $75,796
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $26,573
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $23,033
Total interest expense $6,682
Net interest income $16,351
Provision for loan and lease losses $779
Total noninterest income $4,977
Fiduciary activities $0
Service charges on deposit accounts $738
Trading account gains & fees $0
Additional noninterest income $4,239
Total noninterest expense $27,225
Salaries and employee benefits $11,369
Premises and equipment expense $4,337
Additional noninterest expense $11,519
Pre-tax net operating income -$6,676
Securities gains (losses) -$439
Applicable income taxes $229
Income before extraordinary items -$7,344
Extraordinary gains - net $0
Net income attributable to bank -$7,344
Net charge-offs $0
Cash dividends -$7,344
Sale, conversion, retirement of capital stock, net $3,017
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.61%
Cost of funding earning assets 1.34%
Net interest margin 3.28%
Noninterest income to earning assets 1.00%
Noninterest expense to earning assets 5.45%
Net operating income to assets -1.16%
Return on assets (ROA) -1.23%
Pretax return on assets -1.19%
Return on equity (ROE) -11.99%
Retained earnings to average equity (YTD only) -11.99%
Net charge-offs to loans 0.80%
Credit loss provision to net charge-offs 25.82%
Efficiency ratio-1.95%
Assets per employee$127,227
Cash dividends to net income (YTD only)2.95%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 5.85%
Noncurrent assets plus other real estate owned to assets 60.51%
Noncurrent loans to loans 12.50%
Net loans and leases to deposits9.67%
Net loans and leases to core deposits 66.61%
Equity capital to assets 68.12%
Core capital (leverage) ratio 13.02%
Tier 1 risk-based capital ratio 12.87%
Total risk-based capital ratio 20.74%
Average assets$22
Average earning assets$596,775
Average equity $61,253
Average loans $499,224
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18 Arkansas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
041816First Federal Bank1401 Highway 62-65 North, Harrison, AR 72601June 01, 1934Full Service Brick and Mortar
1272042210 South Main Branch210 South Main, Berryville, AR 72616June 01, 1934Full Service Brick and Mortar
2272043Hwy 62 East Branch668 Highway 62 East, Mountain Home, AR 72653June 01, 1934Full Service Brick and Mortar
100272045Hwy 62 Branch301 Highway 62 W., Yellville, AR 72687June 01, 1934Full Service Brick and Mortar
101272046Walton Boulevard Branch307 North Walton Boulevard, Bentonville, AR 72712June 01, 1934Full Service Brick and Mortar
1022720473460 North College Branch3460 North College, Fayetteville, AR 72701June 01, 1934Full Service Brick and Mortar
10327204862-65 Bypass BranchHighway 62-65 N., Harrison, AR 72601June 30, 1985Full Service Brick and Mortar
105272050Fayetteville Branch2025 North Crossover Road, Fayetteville, AR 72703April 01, 1997Full Service Brick and Mortar
106272051Tonitown Branch201 East Henry De Tonti Boulevard, Springdale, AR 72762September 19, 1996Full Service Brick and Mortar
107272052West Main Street Branch191 West Main Street, Farmington, AR 72730October 22, 1997Full Service Brick and Mortar
108340691Highway 62 Branch1337 Highway 62 Sw, Mountain Home, AR 72653Febuary 18, 1999Full Service Brick and Mortar
109359220West Elm Branch2030 West Elm, Rogers, AR 72756April 01, 2000Full Service Brick and Mortar
110491913Promenade Blvd Branch2000 Promenade Boulevard, Rogers, AR 72758Febuary 25, 2008Full Service Brick and Mortar
112495127Stephenson Ave Branch200 W Stephenson Ave., Harrison, AR 72601June 02, 2003Full Service Brick and Mortar
114495129North Bloomington Branch225 North Bloomington St. Ste. H, Lowell, AR 72745August 05, 2008Full Service Brick and Mortar
115495130Sunset Ave. Branch3300 W Sunset Ave., Springdale, AR 72762January 26, 2006Full Service Brick and Mortar
1164951313027 Hwy 62 East Branch3027 Hwy 62 East, Mountain Home, AR 72653July 11, 2005Full Service Brick and Mortar
117495132East Central Ave. Branch2501 East Central Ave. Ste. 2, Bentonville, AR 72712August 11, 2003Full Service Brick and Mortar
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