First Federal Bank in Lexington, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Federal Bank in Lexington, Kentucky (KY)
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First Federal Bank - Overview

  • General
  • FDIC Certificate #: 29594
    Status: Active
    Federal Reserve ID: 578675
    Date Established: December 26, 1935
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 3719
    FDIC's unique #: 42428
    Numeric code: 38
    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: December 26, 1935
    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: 2452 Sir Barton Way, Lexington, KY 40509
    County: Fayette
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Lexington
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Lexington, KY (#4280)
    Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336)
    Core Based Statistical Area (CBSA): Lexington-Fayette, KY (#30460)
    CBSA Metro Statistical Area: Lexington-Fayette, KY (#30460)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $131.9 mil
    Equity capital: $13.1 mil
    Deposits held in domestic offices: $107.7 mil
    Return on assets (ROA): -1.98% (-$2.6 mil)
    Quarterly return on assets: -3.70% (-$4.9 mil)
    Return on Equity (ROE): -18.33% (-$2.4 mil)
    Quarterly return on equity: -35.66% (-$4.6 mil)
    Net income: -$2.7 mil
    Quarterly Net income: -$1.2 mil
    Pretax return on assets: -2.12% (-$2,797.2 mil)
    Quarterly Pretax return on assets: -3.70% (-$4,881.9 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
  • 37Total employees (full-time equivalent)
  • $131,944Total assets
  • $14,819Cash and due from depository institutions
  • $13,474Interest-bearing balances
  • $2,069Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $87,256Net loans & leases
  • $3,612Loan loss allowance
  • $0Trading account assets
  • $8,166Bank premises and fixed assets
  • $9,256Other real estate owned
  • $0Goodwill and other intangibles
  • $131,944Life insurance assets
  • $10,378All other assets
  • $118,804Total liabilities and capital
  • $107,719Total liabilities
  • $99,492Total deposits
  • $107,719Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,252Trading liabilities
  • $0Other borrowed funds
  • $833Subordinated debt
  • $13,140All other liabilities
  • $13,140Total equity capital
  • $13,140Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $13,140Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,131Income earned, not collected on loans
  • $0Earning assets
  • $349Long-term assets (5+ years)
  • $102,799Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $136,248Volatile liabilities
  • $132,559Insider loans
  • $94,362FHLB advances
  • $129,292Loans and leases held for sale
  • $2,982Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,537Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,261Restructured Loans and leases
  • $246Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,101Total interest income
  • $1,921Total interest expense
  • $3,180Net interest income
  • $367Provision for loan and lease losses
  • $163Total noninterest income
  • $0Fiduciary activities
  • $103Service charges on deposit accounts
  • $0Trading account gains & fees
  • $60Additional noninterest income
  • $5,864Total noninterest expense
  • $2,573Salaries and employee benefits
  • $1,588Premises and equipment expense
  • $1,703Additional noninterest expense
  • -$2,888Pre-tax net operating income
  • $0Securities gains (losses)
  • -$193Applicable income taxes
  • -$2,695Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,695Net income attributable to bank
  • $0Net charge-offs
  • -$2,695Cash dividends
  • $394Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.73%Yield on earning assets
  • 1.78%Cost of funding earning assets
  • 2.95%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 5.44%Noninterest expense to earning assets
  • -1.98%Net operating income to assets
  • -1.98%Return on assets (ROA)
  • -2.12%Pretax return on assets
  • -18.33%Return on equity (ROE)
  • -18.33%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 93.15%Credit loss provision to net charge-offs
  • -6.40%Efficiency ratio
  • 175,411Assets per employee
  • 3.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.97%Loss allowance to noncurrent loans
  • 58.91%Noncurrent assets plus other real estate owned to assets
  • 11.66%Noncurrent loans to loans
  • 6.75%Net loans and leases to deposits
  • 81.00%Net loans and leases to core deposits
  • 84.37%Equity capital to assets
  • 9.96%Core capital (leverage) ratio
  • 8.15%Tier 1 risk-based capital ratio
  • 11.17%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $136,248Average earning assets
  • $14,700Average equity
  • $107,741Average loans

List of branches

  • 6 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042428First Federal Bank2452 Sir Barton Way, Lexington, KY 40509December 26, 1935Full Service Brick and Mortar
    12757113346 Tates Creek Pike Branch3346 Tates Creek Pike, Lexington, KY 40502December 26, 1935Full Service Brick and Mortar
    100275712701 South B Branch701 South Broadway, Georgetown, KY 40324December 26, 1935Full Service Brick and Mortar
    101275713833 Lane Allen Road Branch833 Lane Allen Road, Lexington, KY 40504December 26, 1935Full Service Brick and Mortar
    104494000110 West Vine St Branch110 West Vine St, Lexington, KY 40507August 19, 2009Full Service Brick and Mortar
    105518616101 Leestown Center Way Branch101 Leestown Center Way, Lexington, KY 40511March 02, 2009Full Service Brick and Mortar

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