First Federal Savings and Loan Association in Lakewood, Ohio (OH)

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First Federal Savings and Loan Association
GeneralFDIC Certificate #: 29488
Status: Active
Federal Reserve ID: 318974
Date Established: July 19, 1935
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 18 (Domestic: 18, Interstate: No)
OTS Docket #: 3536
FDIC's unique #: 42322
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: July 19, 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: 14806 Detroit Ave, Lakewood, OH 44107
County: Cuyahoga
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Columbus
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Cleveland-Lorain-Elyria, OH (#1680)
Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28)
Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184)
Core Based Statistical Area (CBSA): Cleveland-Elyria-Mentor, OH (#17460)
CBSA Metro Statistical Area: Cleveland-Elyria-Mentor, OH (#17460)
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $1,362.1 mil
Equity capital: $137.5 mil
Deposits held in domestic offices: $1,167.2 mil
Return on assets (ROA): 0.44% ($6.0 mil)
Quarterly return on assets: 0.45% ($6.1 mil)
Return on Equity (ROE): 4.36% ($6.0 mil)
Quarterly return on equity: 4.40% ($6.0 mil)
Net income: $5.9 mil
Quarterly Net income: $1.5 mil
Pretax return on assets: 0.65% ($8,853.6 mil)
Quarterly Pretax return on assets: 0.66% ($8,989.8 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)
Total employees (full-time equivalent)282
Total assets$1,362,097
Cash and due from depository institutions$105,777
Interest-bearing balances$93,583
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$984,134
Loan loss allowance $10,016
Trading account assets$0
Bank premises and fixed assets$14,334
Other real estate owned$11,983
Goodwill and other intangibles$9,236
All other assets$51,744
Life insurance assets$1,362,097
Total liabilities and capital$1,224,609
Total liabilities$1,167,197
Total deposits$1,146,123
Interest-bearing deposits$1,167,197
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$44,285
Other borrowed funds $0
Subordinated debt $13,127
All other liabilities $137,488
Total equity capital$137,488
Total bank equity capital$137,488
Perpetual preferred stock$0
Common stock$0
Undivided profits $137,488
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 $20,439
Earning assets $0
Long-term assets (5+ years) $3,834
Average Assets, year-to-date $1,262,606
Average Assets, quarterly $0
Volatile liabilities $1,339,780
Insider loans $1,351,374
FHLB advances $800,324
Loans and leases held for sale $1,356,434
Unused loan commitments $10,572
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $137,133
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $138,647
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $54,532
Total interest expense $16,963
Net interest income $37,569
Provision for loan and lease losses $6,276
Total noninterest income $8,111
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees -$2,306
Additional noninterest income $10,417
Total noninterest expense $30,698
Salaries and employee benefits $16,808
Premises and equipment expense $5,058
Additional noninterest expense $8,832
Pre-tax net operating income $8,706
Securities gains (losses) $0
Applicable income taxes $2,852
Income before extraordinary items $5,854
Extraordinary gains - net $0
Net income attributable to bank $5,854
Net charge-offs $0
Cash dividends $5,854
Sale, conversion, retirement of capital stock, net $5,284
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 assets4.37%
Cost of funding earning assets 1.36%
Net interest margin 3.01%
Noninterest income to earning assets 0.65%
Noninterest expense to earning assets 2.46%
Net operating income to assets 0.44%
Return on assets (ROA) 0.44%
Pretax return on assets 0.65%
Return on equity (ROE) 4.36%
Retained earnings to average equity (YTD only) 4.36%
Net charge-offs to loans 0.51%
Credit loss provision to net charge-offs 118.77%
Efficiency ratio2.84%
Assets per employee$66,898
Cash dividends to net income (YTD only)4.83%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.01%
Noncurrent assets plus other real estate owned to assets 49.00%
Noncurrent loans to loans 2.38%
Net loans and leases to deposits2.06%
Net loans and leases to core deposits 84.32%
Equity capital to assets 87.11%
Core capital (leverage) ratio 10.09%
Tier 1 risk-based capital ratio 10.11%
Total risk-based capital ratio 17.13%
Average assets$18
Average earning assets$1,339,780
Average equity $134,405
Average loans $1,248,503
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18 Ohio Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
042322First Federal Savings And Loan Assoc14806 Detroit Ave, Lakewood, OH 44107July 19, 1935Full Service Brick and Mortar
1275207Center Ridge Road Branch34385 Center Ridge Rd, N Ridgeville, OH 44039July 19, 1935Full Service Brick and Mortar
227520824441 Detroit Road Branch24441 Detroit Road, Westlake, OH 44145July 19, 1935Full Service Brick and Mortar
10227521126614 Lorain Road Branch26614 Lorain Rd, N Olmsted, OH 44070June 30, 1985Full Service Brick and Mortar
10326709322380 Lorain Road Branch22380 Lorain Road, Fairview Park, OH 44126January 01, 1891Full Service Brick and Mortar
10426707420525 Center Ridge Road Branch20525 Center Ridge Road, Rocky River, OH 44116January 01, 1891Full Service Brick and Mortar
105275212Walker Road Branch32812 Walker Road, Avon Lake, OH 44012June 30, 1996Full Service Brick and Mortar
106445214Strongsville Branch14244 Pearl Rd, Strongsville, OH 44136December 12, 2002Full Service Brick and Mortar
107445216Olmsted Branch26908 Cook Rd., Olmsted Falls, OH 44138March 07, 2002Full Service Brick and Mortar
108445217Westlake Branch2035 Crocker Road, Westlake, OH 44145July 22, 1999Full Service Brick and Mortar
1094644411812 Pearl Road Branch1812 Pearl Rd., Brunswick, OH 44212October 11, 2005Full Service Brick and Mortar
11041187Parma Century Branch1640 Snow Road At Broadview, Parma, OH 44134January 01, 1919Full Service Brick and Mortar
11126693112648 Rockside Road Branch12648 Rockside Road, Garfield Heights, OH 44125January 01, 1919Full Service Brick and Mortar
1122669326160 Royalton Road Branch6160 Royalton Road, North Royalton, OH 44133June 30, 1985Full Service Brick and Mortar
113266933Brunswick Branch3383 Center Rd., Brunswick, OH 44212December 30, 1992Full Service Brick and Mortar
114464045Crile Lake County Branch7595 Crile Road, Painesville, OH 44077April 27, 2006Full Service Brick and Mortar
115518088Avon Branch36839 Detroit Road, Avon, OH 44011March 06, 2006Full Service Brick and Mortar
116518089Chagrin Falls Branch2 East Washington Street, Chagrin Falls, OH 44022May 24, 2010Full Service Brick and Mortar
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