First Federal Savings and Loan Association in Morehead, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • First Federal Savings and Loan Association in Morehead, Kentucky (KY)
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First Federal Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 31409
    Status: Active
    Federal Reserve ID: 411174
    Date Established: August 12, 1963
    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 #: 6902
    FDIC's unique #: 44243
    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: August 12, 1963
    Last Structure Change Effective Date: Febuary 29, 2012
    Last Structure Change Process Date: March 02, 2012
    Last Data Update: March 02, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 211 West Main Street, Morehead, KY 40351
    County: Rowan
    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
  • Financial Summary
  • Total assets: $37.9 mil
    Equity capital: $9.1 mil
    Deposits held in domestic offices: $27.7 mil
    Return on assets (ROA): -0.33% (-$0.1 mil)
    Quarterly return on assets: -1.90% (-$0.7 mil)
    Return on Equity (ROE): -1.41% (-$0.1 mil)
    Quarterly return on equity: -7.98% (-$0.7 mil)
    Net income: -$0.1 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -0.62% (-$235.0 mil)
    Quarterly Pretax return on assets: -3.67% (-$1,391.3 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
  • 8Total employees (full-time equivalent)
  • $37,909Total assets
  • $3,186Cash and due from depository institutions
  • $2,128Interest-bearing balances
  • $560Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $32,132Net loans & leases
  • $414Loan loss allowance
  • $0Trading account assets
  • $830Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $37,909Life insurance assets
  • $1,201All other assets
  • $28,828Total liabilities and capital
  • $27,696Total liabilities
  • $27,696Total deposits
  • $27,696Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $132Subordinated debt
  • $9,081All other liabilities
  • $9,081Total equity capital
  • $9,081Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $9,081Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,227Income earned, not collected on loans
  • $0Earning assets
  • $87Long-term assets (5+ years)
  • $34,820Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $39,334Volatile liabilities
  • $38,521Insider loans
  • $22,671FHLB advances
  • $37,907Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,080Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,156Restructured Loans and leases
  • $222Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,956Total interest income
  • $460Total interest expense
  • $1,496Net interest income
  • $529Provision for loan and lease losses
  • $14Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $14Additional noninterest income
  • $1,225Total noninterest expense
  • $820Salaries and employee benefits
  • $182Premises and equipment expense
  • $223Additional noninterest expense
  • -$244Pre-tax net operating income
  • $0Securities gains (losses)
  • -$114Applicable income taxes
  • -$130Income before extraordinary items
  • $0Extraordinary gains - net
  • -$130Net income attributable to bank
  • $0Net charge-offs
  • -$130Cash dividends
  • $314Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.36%Yield on earning assets
  • 1.26%Cost of funding earning assets
  • 4.10%Net interest margin
  • 0.04%Noninterest income to earning assets
  • 3.36%Noninterest expense to earning assets
  • -0.33%Net operating income to assets
  • -0.33%Return on assets (ROA)
  • -0.62%Pretax return on assets
  • -1.41%Return on equity (ROE)
  • -1.41%Retained earnings to average equity (YTD only)
  • 0.95%Net charge-offs to loans
  • 168.47%Credit loss provision to net charge-offs
  • 0.91%Efficiency ratio
  • 81,126Assets per employee
  • 4.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 18.59%Noncurrent assets plus other real estate owned to assets
  • 5.87%Noncurrent loans to loans
  • 6.84%Net loans and leases to deposits
  • 116.02%Net loans and leases to core deposits
  • 119.03%Equity capital to assets
  • 23.95%Core capital (leverage) ratio
  • 23.95%Tier 1 risk-based capital ratio
  • 40.05%Total risk-based capital ratio
  • Memoranda
  • $41Average assets
  • $39,334Average earning assets
  • $9,229Average equity
  • $36,511Average loans

List of branches

  • 1 Kentucky Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    044243First Federal Savings And Loan Assoc211 West Main Street, Morehead, KY 40351August 12, 1963Full Service Brick and Mortar

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