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


  • 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
  • NoIDNameAddressEstablishedService TypeMap
    043961First Federal Bank, A Fsb1300 Mcfarland Boulevard, N.E., Tuscaloosa, AL 35403November 20, 1959Full Service Brick and Mortar
    102427734Ninth Street Branch2315 9th Street, Tuscaloosa, AL 35401March 01, 2000Full Service Brick and Mortar
    103492458Tuscaloosa Branch5301 Hwy 69 South, Tuscaloosa, AL 35405May 01, 2008Full Service Brick and Mortar

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