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


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

  • General
  • FDIC Certificate #: 29838
    Status: Active
    Federal Reserve ID: 144678
    Date Established: January 01, 1921
    WWW: http://www.firstfedlorain.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 4171
    FDIC's unique #: 42672
    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: October 18, 1938
    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: 3721 Oberlin Avenue, Lorain, OH 44053
    County: Lorain
    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: $488.2 mil
    Equity capital: $61.3 mil
    Deposits held in domestic offices: $383.5 mil
    Return on assets (ROA): 0.73% ($3.6 mil)
    Quarterly return on assets: 1.45% ($7.1 mil)
    Return on Equity (ROE): 5.93% ($3.6 mil)
    Quarterly return on equity: 11.68% ($7.1 mil)
    Net income: $3.5 mil
    Quarterly Net income: $1.8 mil
    Pretax return on assets: 0.82% ($4,003.6 mil)
    Quarterly Pretax return on assets: 1.19% ($5,810.1 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
  • 105Total employees (full-time equivalent)
  • $488,241Total assets
  • $80,025Cash and due from depository institutions
  • $75,963Interest-bearing balances
  • $14,942Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $354,615Net loans & leases
  • $3,800Loan loss allowance
  • $0Trading account assets
  • $4,033Bank premises and fixed assets
  • $1,790Other real estate owned
  • $24Goodwill and other intangibles
  • $488,241Life insurance assets
  • $32,812All other assets
  • $426,895Total liabilities and capital
  • $383,547Total liabilities
  • $368,592Total deposits
  • $383,547Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $40,637Trading liabilities
  • $0Other borrowed funds
  • $2,711Subordinated debt
  • $61,346All other liabilities
  • $61,346Total equity capital
  • $61,346Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $61,346Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,451Income earned, not collected on loans
  • $0Earning assets
  • $2,917Long-term assets (5+ years)
  • $445,520Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $478,708Volatile liabilities
  • $486,442Insider loans
  • $264,126FHLB advances
  • $483,662Loans and leases held for sale
  • $8,192Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $61,346Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $26,872Restructured Loans and leases
  • $2,543Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $20,355Total interest income
  • $4,026Total interest expense
  • $16,329Net interest income
  • $3,758Provision for loan and lease losses
  • $4,426Total noninterest income
  • $0Fiduciary activities
  • $546Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,880Additional noninterest income
  • $13,102Total noninterest expense
  • $7,492Salaries and employee benefits
  • $2,087Premises and equipment expense
  • $3,523Additional noninterest expense
  • $3,895Pre-tax net operating income
  • $42Securities gains (losses)
  • $424Applicable income taxes
  • $3,513Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,513Net income attributable to bank
  • $0Net charge-offs
  • $3,513Cash dividends
  • $3,958Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.64%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 3.72%Net interest margin
  • 1.01%Noninterest income to earning assets
  • 2.99%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.73%Return on assets (ROA)
  • 0.82%Pretax return on assets
  • 5.93%Return on equity (ROE)
  • 5.93%Retained earnings to average equity (YTD only)
  • 1.06%Net charge-offs to loans
  • 94.95%Credit loss provision to net charge-offs
  • 1.93%Efficiency ratio
  • 63,031Assets per employee
  • 4.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.06%Loss allowance to noncurrent loans
  • 28.25%Noncurrent assets plus other real estate owned to assets
  • 3.12%Noncurrent loans to loans
  • 3.75%Net loans and leases to deposits
  • 92.46%Net loans and leases to core deposits
  • 97.37%Equity capital to assets
  • 12.56%Core capital (leverage) ratio
  • 12.68%Tier 1 risk-based capital ratio
  • 23.23%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $478,708Average earning assets
  • $59,270Average equity
  • $438,816Average loans

List of branches

  • 7 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042672First Federal Savings And Loan Assoc3721 Oberlin Avenue, Lorain, OH 44053January 01, 1921Full Service Brick and Mortar
    1002774152233 East 42nd Street Branch2233 East 42nd Street, Lorain, OH 44055January 01, 1921Full Service Brick and Mortar
    10142575Sandusky Branch207 West Washington Row, Sandusky, OH 44870January 01, 1888Full Service Brick and Mortar
    102277028Huron Branch107 Liberty Drive, Huron, OH 44839January 01, 1888Full Service Brick and Mortar
    103277029Port Clinton Branch1840 East Perry Street, Port Clinton, OH 43452January 01, 1888Full Service Brick and Mortar
    1044644611180 Park Avenue Branch1180 Park Avenue, Amherst, OH 44001May 01, 2006Full Service Brick and Mortar
    10546446236690 Detroit Road Branch36690 Detroit Road, Avon, OH 44011November 01, 1999Full Service Brick and Mortar

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