First Federal Bank in city_name, state_name - Detailed Financial Reports, Location

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
WWW: http://www.bankffb.com
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

No	ID	Name	Address	Established	Service Type
0	44313	First Federal Bank	1400 Gault Avenue North, Fort Payne, AL 35967	May 03, 1965	Full Service Brick and Mortar
100	285078	Main Street West Branch	960 Main Street, West, Rainsville, AL 35986	May 03, 1965	Full Service Brick and Mortar
101	285079	10838 Alabama Hwy. 75 Branch	10838 Alabama Hwy. 75, Ider, AL 35981	June 30, 1989	Full Service Brick and Mortar

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

First Federal Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

First Federal Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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