First Federal Savings and Loan Association of Lorain in city_name, state_name

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

No	ID	Name	Address	Established	Service Type
0	42672	First Federal Savings And Loan Assoc	3721 Oberlin Avenue, Lorain, OH 44053	January 01, 1921	Full Service Brick and Mortar
100	277415	2233 East 42nd Street Branch	2233 East 42nd Street, Lorain, OH 44055	January 01, 1921	Full Service Brick and Mortar
101	42575	Sandusky Branch	207 West Washington Row, Sandusky, OH 44870	January 01, 1888	Full Service Brick and Mortar
102	277028	Huron Branch	107 Liberty Drive, Huron, OH 44839	January 01, 1888	Full Service Brick and Mortar
103	277029	Port Clinton Branch	1840 East Perry Street, Port Clinton, OH 43452	January 01, 1888	Full Service Brick and Mortar
104	464461	1180 Park Avenue Branch	1180 Park Avenue, Amherst, OH 44001	May 01, 2006	Full Service Brick and Mortar
105	464462	36690 Detroit Road Branch	36690 Detroit Road, Avon, OH 44011	November 01, 1999	Full Service Brick and Mortar

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 - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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 - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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