First Federal Savings Bank of Twin Falls in Twin Falls, Idaho (ID)



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First Federal Savings Bank of Twin Falls
GeneralFDIC Certificate #: 28845
Status: Active
Federal Reserve ID: 582971
Date Established: January 01, 1916
WWW: http://www.firstfd.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 10 (Domestic: 10, Interstate: No)
OTS Docket #: 2479
FDIC's unique #: 41679
Numeric code: 34
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: March 18, 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
LocationAddress: 383 Shoshone Street North, Twin Falls, ID 83303
County: Twin Falls
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Salt Lake City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Twin Falls, ID (#46300)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $472.3 mil
Equity capital: $51.6 mil
Deposits held in domestic offices: $397.3 mil
Return on assets (ROA): 0.39% ($1.8 mil)
Quarterly return on assets: 0.32% ($1.5 mil)
Return on Equity (ROE): 3.59% ($1.9 mil)
Quarterly return on equity: 2.91% ($1.5 mil)
Net income: $1.8 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 0.61% ($2,881.0 mil)
Quarterly Pretax return on assets: 0.50% ($2,361.5 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)
Total employees (full-time equivalent)185
Total assets$472,302
Cash and due from depository institutions$94,580
Interest-bearing balances$90,080
Securities$7,991
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$340,872
Loan loss allowance $3,002
Trading account assets$0
Bank premises and fixed assets$13,746
Other real estate owned$2,357
Goodwill and other intangibles$2,301
All other assets$10,455
Life insurance assets$472,302
Total liabilities and capital$420,672
Total liabilities$397,305
Total deposits$342,058
Interest-bearing deposits$397,305
Deposits held in domestic offices$93
% insured (estimated)3934.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$14,560
Other borrowed funds $0
Subordinated debt $4,873
All other liabilities $51,630
Total equity capital$51,630
Total bank equity capital$51,630
Perpetual preferred stock$0
Common stock$0
Surplus$0
Undivided profits $51,630
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,429
Earning assets $0
Long-term assets (5+ years) $1,264
Average Assets, year-to-date $438,943
Average Assets, quarterly $0
Volatile liabilities $463,583
Insider loans $471,085
FHLB advances $292,794
Loans and leases held for sale $470,349
Unused loan commitments $4,103
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $49,859
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $60,811
Derivatives$3,813
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $20,383
Total interest expense $4,506
Net interest income $15,877
Provision for loan and lease losses $1,329
Total noninterest income $5,018
Fiduciary activities $0
Service charges on deposit accounts $660
Trading account gains & fees $0
Additional noninterest income $4,358
Total noninterest expense $17,325
Salaries and employee benefits $10,519
Premises and equipment expense $2,357
Additional noninterest expense $4,449
Pre-tax net operating income $2,241
Securities gains (losses) $606
Applicable income taxes $1,025
Income before extraordinary items $1,822
Extraordinary gains - net $0
Net income attributable to bank $1,822
Net charge-offs $0
Cash dividends $1,822
Sale, conversion, retirement of capital stock, net $1,031
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.76%
Cost of funding earning assets 1.05%
Net interest margin 3.70%
Noninterest income to earning assets 1.17%
Noninterest expense to earning assets 4.04%
Net operating income to assets 0.31%
Return on assets (ROA) 0.39%
Pretax return on assets 0.61%
Return on equity (ROE) 3.59%
Retained earnings to average equity (YTD only) 3.59%
Net charge-offs to loans 0.30%
Credit loss provision to net charge-offs 128.90%
Efficiency ratio3.46%
Assets per employee$82,915
Cash dividends to net income (YTD only)2.55%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.87%
Noncurrent assets plus other real estate owned to assets 123.59%
Noncurrent loans to loans 1.01%
Net loans and leases to deposits0.71%
Net loans and leases to core deposits 85.80%
Equity capital to assets 88.01%
Core capital (leverage) ratio 10.93%
Tier 1 risk-based capital ratio 10.60%
Total risk-based capital ratio 17.03%
Memoranda
Average assets$18
Average earning assets$463,583
Average equity $50,749
Average loans $428,635
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10 Idaho Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
041679First Federal Savings Bank Of Twin F383 Shoshone Street North, Twin Falls, ID 83303January 01, 1916Full Service Brick and Mortar
1270978Burley Branch2059 Overland Avenue, Burley, ID 83318August 01, 1989Full Service Brick and Mortar
100270979Blue Lakes Branch886 Blue Lakes Boulevard North, Twin Falls, ID 83301November 01, 1977Full Service Brick and Mortar
102270981Rupert Branch701 7th Street, Rupert, ID 83350October 01, 1979Full Service Brick and Mortar
104270982Buhl Branch123 North Broadway, Buhl, ID 83316July 01, 1982Full Service Brick and Mortar
106359083Eastland Branch148 Eastland Drive, Twin Falls, ID 83301May 01, 2000Full Service Brick and Mortar
107424801Falls West Branch110 Falls Avenue, Twin Falls, ID 83301October 01, 1988Full Service Brick and Mortar
108424802Jerome Branch1515 South Lincoln Street, Jerome, ID 83338December 15, 2002Full Service Brick and Mortar
109445943East Main Branch1095 East Main Street, Burley, ID 83318June 23, 2005Full Service Brick and Mortar
110518135Kimberly Rd Branch22349 Kimberly Rd, Kimberly, ID 83341September 05, 2006Full Service Brick and Mortar
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