First Federal Savings and Loan Association in Hazard, Kentucky (KY)

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First Federal Savings and Loan Association
GeneralFDIC Certificate #: 31197
Status: Active
Federal Reserve ID: 831875
Date Established: July 26, 1960
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 #: 6517
FDIC's unique #: 44031
Numeric code: 37
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 26, 1960
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: Main & Lovern Streets, Hazard, KY 41701
County: Perry
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Lexington
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Southeast
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $99.4 mil
Equity capital: $20.3 mil
Deposits held in domestic offices: $69.3 mil
Return on assets (ROA): 0.85% ($0.8 mil)
Quarterly return on assets: 0.92% ($0.9 mil)
Return on Equity (ROE): 4.42% ($0.9 mil)
Quarterly return on equity: 4.63% ($0.9 mil)
Net income: $0.9 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.29% ($1,282.2 mil)
Quarterly Pretax return on assets: 1.40% ($1,391.6 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)
Total employees (full-time equivalent)12
Total assets$99,397
Cash and due from depository institutions$1,662
Interest-bearing balances$861
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$74,521
Loan loss allowance $374
Trading account assets$0
Bank premises and fixed assets$325
Other real estate owned$1,681
Goodwill and other intangibles$0
All other assets$2,948
Life insurance assets$99,397
Total liabilities and capital$79,128
Total liabilities$69,344
Total deposits$69,344
Interest-bearing deposits$69,344
Deposits held in domestic offices$98
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$9,031
Other borrowed funds $0
Subordinated debt $753
All other liabilities $20,269
Total equity capital$20,269
Total bank equity capital$20,269
Perpetual preferred stock$0
Common stock$1
Undivided profits $19,516
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 $1,302
Earning assets $0
Long-term assets (5+ years) $253
Average Assets, year-to-date $93,642
Average Assets, quarterly $0
Volatile liabilities $101,576
Insider loans $100,399
FHLB advances $47,709
Loans and leases held for sale $99,397
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $20,269
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $157
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,628
Total interest expense $1,393
Net interest income $3,235
Provision for loan and lease losses $51
Total noninterest income -$52
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income -$52
Total noninterest expense $1,819
Salaries and employee benefits $1,078
Premises and equipment expense $172
Additional noninterest expense $569
Pre-tax net operating income $1,313
Securities gains (losses) $0
Applicable income taxes $445
Income before extraordinary items $868
Extraordinary gains - net $0
Net income attributable to bank $868
Net charge-offs $0
Cash dividends $868
Sale, conversion, retirement of capital stock, net $245
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 assets4.82%
Cost of funding earning assets 1.45%
Net interest margin 3.37%
Noninterest income to earning assets -0.05%
Noninterest expense to earning assets 1.89%
Net operating income to assets 0.85%
Return on assets (ROA) 0.85%
Pretax return on assets 1.29%
Return on equity (ROE) 4.42%
Retained earnings to average equity (YTD only) 4.42%
Net charge-offs to loans 0.33%
Credit loss provision to net charge-offs 20.82%
Efficiency ratio5.57%
Assets per employee$57,147
Cash dividends to net income (YTD only)8.28%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.50%
Noncurrent assets plus other real estate owned to assets 28.73%
Noncurrent loans to loans 3.00%
Net loans and leases to deposits1.74%
Net loans and leases to core deposits 107.47%
Equity capital to assets 108.89%
Core capital (leverage) ratio 20.39%
Tier 1 risk-based capital ratio 20.39%
Total risk-based capital ratio 42.48%
Average assets$43
Average earning assets$101,576
Average equity $19,620
Average loans $96,101
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1 Kentucky Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
044031First Federal Savings And Loan AssocMain & Lovern Streets, Hazard, KY 41701July 26, 1960Full Service Brick and Mortar
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