First Federal Savings and Loan Association in Lakewood, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

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

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total 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
  • 282Total employees (full-time equivalent)
  • $1,362,097Total assets
  • $105,777Cash and due from depository institutions
  • $93,583Interest-bearing balances
  • $184,889Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $984,134Net loans & leases
  • $10,016Loan loss allowance
  • $0Trading account assets
  • $14,334Bank premises and fixed assets
  • $11,983Other real estate owned
  • $9,236Goodwill and other intangibles
  • $1,362,097Life insurance assets
  • $51,744All other assets
  • $1,224,609Total liabilities and capital
  • $1,167,197Total liabilities
  • $1,146,123Total deposits
  • $1,167,197Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $44,285Trading liabilities
  • $0Other borrowed funds
  • $13,127Subordinated debt
  • $137,488All other liabilities
  • $137,488Total equity capital
  • $137,488Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $137,488Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $20,439Income earned, not collected on loans
  • $0Earning assets
  • $3,834Long-term assets (5+ years)
  • $1,262,606Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $1,339,780Volatile liabilities
  • $1,351,374Insider loans
  • $800,324FHLB advances
  • $1,356,434Loans and leases held for sale
  • $10,572Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $137,133Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $138,647Restructured Loans and leases
  • $2,351Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $54,532Total interest income
  • $16,963Total interest expense
  • $37,569Net interest income
  • $6,276Provision for loan and lease losses
  • $8,111Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • -$2,306Trading account gains & fees
  • $10,417Additional noninterest income
  • $30,698Total noninterest expense
  • $16,808Salaries and employee benefits
  • $5,058Premises and equipment expense
  • $8,832Additional noninterest expense
  • $8,706Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,852Applicable income taxes
  • $5,854Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,854Net income attributable to bank
  • $0Net charge-offs
  • $5,854Cash dividends
  • $5,284Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.37%Yield on earning assets
  • 1.36%Cost of funding earning assets
  • 3.01%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 2.46%Noninterest expense to earning assets
  • 0.44%Net operating income to assets
  • 0.44%Return on assets (ROA)
  • 0.65%Pretax return on assets
  • 4.36%Return on equity (ROE)
  • 4.36%Retained earnings to average equity (YTD only)
  • 0.51%Net charge-offs to loans
  • 118.77%Credit loss provision to net charge-offs
  • 2.84%Efficiency ratio
  • 66,898Assets per employee
  • 4.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 49.00%Noncurrent assets plus other real estate owned to assets
  • 2.38%Noncurrent loans to loans
  • 2.06%Net loans and leases to deposits
  • 84.32%Net loans and leases to core deposits
  • 87.11%Equity capital to assets
  • 10.09%Core capital (leverage) ratio
  • 10.11%Tier 1 risk-based capital ratio
  • 17.13%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $1,339,780Average earning assets
  • $134,405Average equity
  • $1,248,503Average loans

List of branches

  • 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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