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

First Federal Bank, A FSB in Tuscaloosa, Alabama (AL)
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First Federal Bank, A FSB - Overview

General
FDIC Certificate #: 31127
Status: Active
Federal Reserve ID: 814074
Date Established: November 20, 1959
WWW: http://www.1stfed.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 #: 6432
FDIC's unique #: 43961
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: Mortgage Lending Specialization
Date of Deposit Insurance: November 20, 1959
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: 1300 Mcfarland Boulevard, N.E., Tuscaloosa, AL 35403
County: Tuscaloosa
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
Metropolitan Statistical Area (MSA): Tuscaloosa, AL (#8600)
Core Based Statistical Area (CBSA): Tuscaloosa, AL (#46220)
CBSA Metro Statistical Area: Tuscaloosa, AL (#46220)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $188.8 mil
Equity capital: $14.4 mil
Deposits held in domestic offices: $132.4 mil
Return on assets (ROA): 0.60% ($1.1 mil)
Quarterly return on assets: 0.42% ($0.8 mil)
Return on Equity (ROE): 7.97% ($1.1 mil)
Quarterly return on equity: 5.67% ($0.8 mil)
Net income: $1.1 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.64% ($1,208.3 mil)
Quarterly Pretax return on assets: 0.45% ($849.6 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
121Total employees (full-time equivalent)
$188,803Total assets
$8,379Cash and due from depository institutions
$122Interest-bearing balances
$1,123Securities
$0Federal funds sold & reverse repurchase agreements
$164,277Net loans & leases
$1,665Loan loss allowance
$0Trading account assets
$2,269Bank premises and fixed assets
$1,711Other real estate owned
$434Goodwill and other intangibles
$188,803Life insurance assets
$10,610All other assets
$174,380Total liabilities and capital
$132,399Total liabilities
$127,628Total deposits
$132,399Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$40,855Trading liabilities
$0Other borrowed funds
$1,126Subordinated debt
$14,423All other liabilities
$14,423Total equity capital
$14,423Total bank equity capital
$0Perpetual preferred stock
$3Common stock
$6,341Surplus
$8,079Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,885Income earned, not collected on loans
$145Earning assets
$525Long-term assets (5+ years)
$165,522Average Assets, year-to-date
$0Average Assets, quarterly
$185,475Volatile liabilities
$191,984Insider loans
$111,490FHLB advances
$188,754Loans and leases held for sale
$3,342Unused loan commitments
$0Tier 1 (core) risk-based capital
$14,374Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$59,427Restructured Loans and leases
$581Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$7,866Total interest income
$2,652Total interest expense
$5,214Net interest income
$2,092Provision for loan and lease losses
$12,868Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$12,868Additional noninterest income
$14,899Total noninterest expense
$8,459Salaries and employee benefits
$2,590Premises and equipment expense
$3,850Additional noninterest expense
$1,091Pre-tax net operating income
$94Securities gains (losses)
$77Applicable income taxes
$1,108Income before extraordinary items
$0Extraordinary gains - net
$1,108Net income attributable to bank
$0Net charge-offs
$1,108Cash dividends
$1,528Sale, conversion, retirement of capital stock, net
$313Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.74%Yield on earning assets
1.60%Cost of funding earning assets
3.14%Net interest margin
7.75%Noninterest income to earning assets
8.97%Noninterest expense to earning assets
0.55%Net operating income to assets
0.60%Return on assets (ROA)
0.64%Pretax return on assets
7.97%Return on equity (ROE)
5.72%Retained earnings to average equity (YTD only)
0.92%Net charge-offs to loans
136.91%Credit loss provision to net charge-offs
2.08%Efficiency ratio
82,397Assets per employee
1.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
28.25%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
57.71%Noncurrent assets plus other real estate owned to assets
2.43%Noncurrent loans to loans
1.74%Net loans and leases to deposits
124.08%Net loans and leases to core deposits
182.66%Equity capital to assets
7.64%Core capital (leverage) ratio
7.62%Tier 1 risk-based capital ratio
12.89%Total risk-based capital ratio
Memoranda
$14Average assets
$185,475Average earning assets
$13,909Average equity
$166,041Average loans

List of branches

3 Alabama Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	43961	First Federal Bank, A Fsb	1300 Mcfarland Boulevard, N.E., Tuscaloosa, AL 35403	November 20, 1959	Full Service Brick and Mortar
102	427734	Ninth Street Branch	2315 9th Street, Tuscaloosa, AL 35401	March 01, 2000	Full Service Brick and Mortar
103	492458	Tuscaloosa Branch	5301 Hwy 69 South, Tuscaloosa, AL 35405	May 01, 2008	Full Service Brick and Mortar

First Federal Bank, A FSB in Tuscaloosa, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Bank, A FSB - 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, A FSB in Tuscaloosa, Alabama (AL)Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Bank, A FSB - 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, A FSB in Tuscaloosa, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches