First Federal Savings and Loan Association of Independence in Independence, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Federal Savings and Loan Association of Independence in Independence, Kansas (KS)
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First Federal Savings and Loan Association of Independence - Overview

  • General
  • FDIC Certificate #: 27852
    Status: Active
    Federal Reserve ID: 600576
    Date Established: January 01, 1905
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 391
    FDIC's unique #: 40686
    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: December 28, 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: 112 E Myrtle Street, Independence, KS 67301
    County: Montgomery
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Wichita
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Coffeyville, KS (#17700)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $168.4 mil
    Equity capital: $15.1 mil
    Deposits held in domestic offices: $117.8 mil
    Return on assets (ROA): -0.39% (-$0.7 mil)
    Quarterly return on assets: 0.85% ($1.4 mil)
    Return on Equity (ROE): -4.49% (-$0.7 mil)
    Quarterly return on equity: 9.75% ($1.5 mil)
    Net income: -$0.7 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: -0.83% (-$1,397.6 mil)
    Quarterly Pretax return on assets: 1.32% ($2,222.6 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
  • 47Total employees (full-time equivalent)
  • $168,380Total assets
  • $2,302Cash and due from depository institutions
  • $1,540Interest-bearing balances
  • $10,020Securities
  • $30,335Federal funds sold & reverse repurchase agreements
  • $108,052Net loans & leases
  • $3,351Loan loss allowance
  • $0Trading account assets
  • $2,088Bank premises and fixed assets
  • $4,729Other real estate owned
  • $0Goodwill and other intangibles
  • $168,380Life insurance assets
  • $10,854All other assets
  • $153,310Total liabilities and capital
  • $117,790Total liabilities
  • $112,702Total deposits
  • $117,790Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $35,128Trading liabilities
  • $0Other borrowed funds
  • $392Subordinated debt
  • $15,070All other liabilities
  • $15,070Total equity capital
  • $15,070Total bank equity capital
  • $0Perpetual preferred stock
  • $7Common stock
  • $3,781Surplus
  • $11,282Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,589Income earned, not collected on loans
  • $136Earning assets
  • $540Long-term assets (5+ years)
  • $149,947Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $175,105Volatile liabilities
  • $170,495Insider loans
  • $101,913FHLB advances
  • $168,380Loans and leases held for sale
  • $2,558Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,070Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,945Restructured Loans and leases
  • $896Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,434Total interest income
  • $2,955Total interest expense
  • $5,479Net interest income
  • $3,290Provision for loan and lease losses
  • $1,488Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,488Additional noninterest income
  • $5,122Total noninterest expense
  • $2,589Salaries and employee benefits
  • $899Premises and equipment expense
  • $1,634Additional noninterest expense
  • -$1,445Pre-tax net operating income
  • $0Securities gains (losses)
  • -$759Applicable income taxes
  • -$686Income before extraordinary items
  • $0Extraordinary gains - net
  • -$686Net income attributable to bank
  • $0Net charge-offs
  • -$686Cash dividends
  • $115Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.44%Yield on earning assets
  • 1.91%Cost of funding earning assets
  • 3.53%Net interest margin
  • 0.96%Noninterest income to earning assets
  • 3.30%Noninterest expense to earning assets
  • -0.39%Net operating income to assets
  • -0.39%Return on assets (ROA)
  • -0.83%Pretax return on assets
  • -4.49%Return on equity (ROE)
  • -4.49%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 2860.87%Credit loss provision to net charge-offs
  • 16.04%Efficiency ratio
  • 73,518Assets per employee
  • 3.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.01%Loss allowance to noncurrent loans
  • 44.16%Noncurrent assets plus other real estate owned to assets
  • 7.32%Noncurrent loans to loans
  • 6.81%Net loans and leases to deposits
  • 91.73%Net loans and leases to core deposits
  • 97.06%Equity capital to assets
  • 8.95%Core capital (leverage) ratio
  • 8.95%Tier 1 risk-based capital ratio
  • 14.79%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $175,105Average earning assets
  • $15,277Average equity
  • $155,004Average loans

List of branches

  • 5 Kansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    040686First Federal Savings And Loan Assoc112 E Myrtle Street, Independence, KS 67301January 01, 1905Full Service Brick and Mortar
    1263758Coffeyville Branch2903 W 9th Street, Coffeyville, KS 67337January 10, 1997Full Service Brick and Mortar
    242880Neodesha Branch801 Main Street, Neodesha, KS 66757January 01, 1887Full Service Brick and Mortar
    34644591st & Broadway Branch102 N Broadway Street, Pittsburg, KS 66762July 14, 2003Full Service Brick and Mortar
    44644604311 W. 6th, Suite D Branch4311 W. 6th, Suite D, Lawrence, KS 66049July 01, 2003Full Service Brick and Mortar

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