First Federal Bank, A FSB

Headquarters

1300 Mcfarland Boulevard, N.E.
Tuscaloosa, AL 35403
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 1.05% →
1-Year CD 0.60% 1.05% →
2-Year CD 0.65% 1.11% →
5-Year CD 0.75% 1.56% →
30-Year Mortgage N.A. 2.88% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First Federal Bank, A FSB is an FDIC insured institution located in Tuscaloosa, AL. It was founded in 1959 and has approximately $0.15 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 31127
Date Established 1959
Assets $ 145.91 million
Loans $ 121.91 million
Deposits $ 100.52 million
Capital $ 14.16 million
 

For a more detailed analysis of First Federal Bank, A FSB's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 15, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $1 - Learn More
Money Market
0.20% $1,001 $10,000 Learn More
Money Market
0.25% $1,001 $10,000 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $500 - Learn More
6 Mo CD
0.30% $500 - Learn More
12 Mo CD
0.60% $500 - Learn More
Special: 13 Mo CD
0.60% $500 - Learn More
18 Mo CD
0.60% $500 - Learn More
Special: 19 Mo CD
0.60% $500 - Learn More
24 Mo CD
0.65% $500 - Learn More
36 Mo CD
0.65% $500 - Learn More
48 Mo CD
0.75% $500 - Learn More
60 Mo CD
0.75% $500 - Learn More


Loan Rates - August 15, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Federal Bank, A FSB

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.914% 2.875% 0.50 $1,250 $1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to First Federal Bank, A FSB
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Branches

First Federal Bank, A FSB branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


First Federal Bank, A FSB Locations


Financial Details

First Federal Bank, A FSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Federal Bank, A FSB. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Federal Bank, A FSB U.S. Bank Average
6.07% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, First Federal Bank, A FSB had $717,000 in non-current loans and $179,000 in owned real estate. To cover these potential losses it had $14,163,000 in equity and $602,000 in loans loss reserves. That gives it a Texas Ratio of 6.07%.

Return on Equity
First Federal Bank, A FSB U.S. Bank Average
28.69% 7.80%

First Federal Bank, A FSB has a Return on Equity of 28.69% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Federal Bank, A FSB U.S. Bank Average
9.71% 12.68%

First Federal Bank, A FSB has a Capitalization of 9.71% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Federal Bank, A FSB Balance Sheet Analysis

As of March 31, 2020, First Federal Bank, A FSB had assets of $145,912,000, loans of $121,913,000, and deposits of $100,524,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 7.48 million
Interest-bearing balances $ 6.14 million
Total securities $ 0.83 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 121.91 million
Loan loss allowance $ 0.60 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.18 million
Goodwill and other intangibles $ 0.58 million
All other assets $ 11.02 million
     Total Assets $ 131.75 million
LIABILITIES
Total deposits $ 100.52 million
      Interest-bearing deposits $ 93.00 million
      Deposits held in domestic offices $ 100.52 million
      % insured (estimated) 92.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 28.75 million
Subordinated debt N.A.
All other liabilities $ 2.48 million
      Total Liabilities $ 131.75 million
      Shareholders’ Equity $ 14.16 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.31 million
Total Interest Expense $ 0.43 million
Net interest income $ 0.88 million
Provision for loan and lease losses $ 0.13 million
Total non interest income $ 3.82 million
Total non interest expense $ 3.47 million
Pre-tax Net Operating Income $ 1.10 million

Bank Loan Profile?

The top three loan types in First Federal Bank, A FSB’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks in Alabama, First Federal Bank, A FSB has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 91.91
Multifamily
Mortgages
0.54
Credit Card Loans 0.00
Consumer Auto Loans 0.03
Small Business Loans 0.00
Construction and Development Loans 6.87
Commercial Real Estate 0.61
Commercial and Industrial Loans 0.17
Farm Loans 0.00

Frequently Asked Questions About First Federal Bank, A Fsb

Branches and Savings

Is First Federal Bank, A Fsb FDIC insured?

Yes. It is covered under FDIC Certificate #31127.

Why does First Federal Bank, A Fsb pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Federal Bank, A Fsb CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Federal Bank, A Fsb a commercial bank?

Yes

Where are First Federal Bank, A Fsb locations?

See branch locations nearby.

Is First Federal Bank, A Fsb open on Saturdays?

Is First Federal Bank, A Fsb open on Sundays?

What time does First Federal Bank, A Fsb open?

What time does First Federal Bank, A Fsb close?

Are First Federal Bank, A Fsb ATMs Open 24/7?

Do First Federal Bank, A Fsb ATMs accept cash deposits?

Can First Federal Bank, A Fsb customers use other ATMs?

Do First Federal Bank, A Fsb branches have notaries?

Will First Federal Bank, A Fsb notarize my document?

What address for First Federal Bank, A Fsb should I put for incoming ACH transfers?

Will the First Federal Bank, A Fsb branch print checks?

Do First Federal Bank, A Fsb checks expire?

Does First Federal Bank, A Fsb require US citizenship to open account?

Can First Federal Bank, A Fsb close my account?

Does First Federal Bank, A Fsb Report to credit bureaus?

Does First Federal Bank, A Fsb Use Equifax?

What is First Federal Bank, A Fsb's ACH Routing Number?

What is First Federal Bank, A Fsb's SWIFT code?

Products

Does First Federal Bank, A Fsb offer mortgages?

Compare mortgage rates here.

Does First Federal Bank, A Fsb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Federal Bank, A Fsb offer personal loans?

Compare personal loan rates here.

Does First Federal Bank, A Fsb offer student loans?

Will First Federal Bank, A Fsb cash a check?

Will First Federal Bank, A Fsb redeem a savings bond?

Does First Federal Bank, A Fsb cash savings bonds?

Will First Federal Bank, A Fsb cash money orders?

Can First Federal Bank, A Fsb issue a money order?

Does First Federal Bank, A Fsb do currency exchange?

Background on The Bank

Who owns First Federal Bank, A Fsb?

How long has First Federal Bank, A Fsb been around?

Can First Federal Bank, A Fsb transfer to other banks?

Does First Federal Bank, A Fsb have quick pay?

Does First Federal Bank, A Fsb accept rolled coins?

Will First Federal Bank, A Fsb accept loose change?

Where is First Federal Bank, A Fsb headquarters?

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