First Federal Savings & Loan Association of Ravenswood in Ravenswood, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • First Federal Savings & Loan Association of Ravenswood in Ravenswood, West Virginia (WV)
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First Federal Savings & Loan Association of Ravenswood - Overview

  • General
  • FDIC Certificate #: 29490
    Status: Active
    Federal Reserve ID: 441470
    Date Established: January 01, 1934
    WWW: http://www.ffslrwvadventures.net
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 3542
    FDIC's unique #: 42324
    Numeric code: 38
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: September 12, 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
  • Location
  • Address: 234 Washington Street, Ravenswood, WV 26164
    County: Jackson
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Scott Depot
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $12.8 mil
    Equity capital: $1.3 mil
    Deposits held in domestic offices: $10.9 mil
    Return on assets (ROA): 0.72% ($0.1 mil)
    Quarterly return on assets: 0.82% ($0.1 mil)
    Return on Equity (ROE): 7.05% ($0.1 mil)
    Quarterly return on equity: 7.85% ($0.1 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.97% ($124.3 mil)
    Quarterly Pretax return on assets: 1.13% ($144.8 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
  • 2Total employees (full-time equivalent)
  • $12,815Total assets
  • $2,534Cash and due from depository institutions
  • $2,399Interest-bearing balances
  • $69Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $9,599Net loans & leases
  • $19Loan loss allowance
  • $0Trading account assets
  • $337Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $12,815Life insurance assets
  • $276All other assets
  • $11,478Total liabilities and capital
  • $10,871Total liabilities
  • $10,871Total deposits
  • $10,871Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $600Trading liabilities
  • $0Other borrowed funds
  • $7Subordinated debt
  • $1,337All other liabilities
  • $1,337Total equity capital
  • $1,337Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $1,337Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $47Long-term assets (5+ years)
  • $12,067Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $12,589Volatile liabilities
  • $12,737Insider loans
  • $6,350FHLB advances
  • $12,658Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,180Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $272Restructured Loans and leases
  • $176Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $575Total interest income
  • $195Total interest expense
  • $380Net interest income
  • $0Provision for loan and lease losses
  • $13Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $13Additional noninterest income
  • $271Total noninterest expense
  • $173Salaries and employee benefits
  • $15Premises and equipment expense
  • $83Additional noninterest expense
  • $122Pre-tax net operating income
  • $0Securities gains (losses)
  • $31Applicable income taxes
  • $91Income before extraordinary items
  • $0Extraordinary gains - net
  • $91Net income attributable to bank
  • $0Net charge-offs
  • $91Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.77%Yield on earning assets
  • 1.62%Cost of funding earning assets
  • 3.15%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 2.25%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 0.97%Pretax return on assets
  • 7.05%Return on equity (ROE)
  • 7.05%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 68,957Assets per employee
  • 6.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.20%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 88.30%Net loans and leases to core deposits
  • 91.67%Equity capital to assets
  • 10.43%Core capital (leverage) ratio
  • 9.32%Tier 1 risk-based capital ratio
  • 18.58%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $12,589Average earning assets
  • $1,291Average equity
  • $12,061Average loans

List of branches

  • 1 West Virginia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042324First Federal Savings & Loan Associa234 Washington Street, Ravenswood, WV 26164January 01, 1934Full Service Brick and Mortar

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