First Federal Bank in Fort Payne, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Federal Bank in Fort Payne, Alabama (AL)
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First Federal Bank - Overview

  • General
  • FDIC Certificate #: 31479
    Status: Active
    Federal Reserve ID: 420877
    Date Established: May 03, 1965
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 7048
    FDIC's unique #: 44313
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: May 03, 1965
    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: 1400 Gault Avenue North, Fort Payne, AL 35967
    County: De Kalb
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Fort Payne, AL (#22840)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $94.5 mil
    Equity capital: $7.1 mil
    Deposits held in domestic offices: $87.2 mil
    Return on assets (ROA): 0.36% ($0.3 mil)
    Quarterly return on assets: 0.51% ($0.5 mil)
    Return on Equity (ROE): 4.81% ($0.3 mil)
    Quarterly return on equity: 6.79% ($0.5 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.47% ($444.3 mil)
    Quarterly Pretax return on assets: 0.50% ($472.6 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
  • 27Total employees (full-time equivalent)
  • $94,522Total assets
  • $10,614Cash and due from depository institutions
  • $7,734Interest-bearing balances
  • $22,164Securities
  • $12,925Federal funds sold & reverse repurchase agreements
  • $42,830Net loans & leases
  • $766Loan loss allowance
  • $0Trading account assets
  • $3,573Bank premises and fixed assets
  • $747Other real estate owned
  • $157Goodwill and other intangibles
  • $94,522Life insurance assets
  • $1,512All other assets
  • $87,456Total liabilities and capital
  • $87,245Total liabilities
  • $82,676Total deposits
  • $87,245Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $211Subordinated debt
  • $7,066All other liabilities
  • $7,066Total equity capital
  • $7,066Total bank equity capital
  • $0Perpetual preferred stock
  • $3Common stock
  • $1,742Surplus
  • $5,321Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,207Income earned, not collected on loans
  • $0Earning assets
  • $362Long-term assets (5+ years)
  • $85,653Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $92,555Volatile liabilities
  • $94,006Insider loans
  • $41,557FHLB advances
  • $94,506Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,050Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,546Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,350Total interest income
  • $761Total interest expense
  • $2,589Net interest income
  • $31Provision for loan and lease losses
  • $313Total noninterest income
  • $0Fiduciary activities
  • $27Service charges on deposit accounts
  • $0Trading account gains & fees
  • $286Additional noninterest income
  • $2,449Total noninterest expense
  • $1,068Salaries and employee benefits
  • $395Premises and equipment expense
  • $986Additional noninterest expense
  • $422Pre-tax net operating income
  • $15Securities gains (losses)
  • $106Applicable income taxes
  • $331Income before extraordinary items
  • $0Extraordinary gains - net
  • $331Net income attributable to bank
  • $0Net charge-offs
  • $331Cash dividends
  • -$61Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.96%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 3.06%Net interest margin
  • 0.37%Noninterest income to earning assets
  • 2.89%Noninterest expense to earning assets
  • 0.35%Net operating income to assets
  • 0.36%Return on assets (ROA)
  • 0.47%Pretax return on assets
  • 4.81%Return on equity (ROE)
  • 4.81%Retained earnings to average equity (YTD only)
  • -0.14%Net charge-offs to loans
  • -50.82%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 84,390Assets per employee
  • 3.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.76%Loss allowance to noncurrent loans
  • 63.46%Noncurrent assets plus other real estate owned to assets
  • 2.07%Noncurrent loans to loans
  • 2.77%Net loans and leases to deposits
  • 49.09%Net loans and leases to core deposits
  • 52.85%Equity capital to assets
  • 7.48%Core capital (leverage) ratio
  • 7.46%Tier 1 risk-based capital ratio
  • 16.96%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $92,555Average earning assets
  • $6,879Average equity
  • $84,649Average loans

List of branches

  • 3 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    044313First Federal Bank1400 Gault Avenue North, Fort Payne, AL 35967May 03, 1965Full Service Brick and Mortar
    100285078Main Street West Branch960 Main Street, West, Rainsville, AL 35986May 03, 1965Full Service Brick and Mortar
    10128507910838 Alabama Hwy. 75 Branch10838 Alabama Hwy. 75, Ider, AL 35981June 30, 1989Full Service Brick and Mortar

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