First Federal Savings Bank of Kentucky

216 W Main St
Frankfort, KY 40601

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 29937
Date Established 1934
Assets $0.25 billion
Loans $0.20 billion
Deposits $0.15 billion
Capital $0.04 billion

First Federal Savings Bank of Kentucky is an FDIC insured institution located in Frankfort, KY. It was founded in 1934 and has approximately $0.25 billion in assets. Customers can open an account at one of its 6 branches.

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

Deposit Rates - October 15, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1 $24,999 Learn MoreShow Less
Money Market
0.15% $25,000 $99,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.15% $500 - Learn MoreShow Less
6 Mo CD
0.20% $500 - Learn MoreShow Less
Special: 9 Mo CD
2.00% $500 - Learn MoreShow Less
12 Mo CD
0.40% $500 - Learn MoreShow Less
18 Mo CD
1.51% $500 - Learn MoreShow Less
24 Mo CD
2.02% $500 - Learn MoreShow Less
36 Mo CD
2.02% $500 - Learn MoreShow Less
48 Mo CD
2.02% $500 - Learn MoreShow Less
60 Mo CD
2.02% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
2.02% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.40% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $24,999 Learn MoreShow Less

Loan Rates - October 15, 2019

Your Current Location: Connecticut, CT 06828

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

First Federal Savings Bank of Kentucky 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 Savings Bank of Kentucky Locations


Financial Details

First Federal Savings Bank of Kentucky Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Federal Savings Bank of Kentucky. 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 Savings Bank of Kentucky U.S. Bank Average
10.89% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 June 30, 2019, First Federal Savings Bank of Kentucky had $4,800,000 in non-current loans and $111,000 in owned real estate. To cover these potential losses it had $44,170,000 in equity and $915,000 in loans loss reserves. That gives it a Texas Ratio of 10.89%.

Return on Equity
First Federal Savings Bank of Kentucky U.S. Bank Average
1.2% 9.50%

First Federal Savings Bank of Kentucky has a Return on Equity of 1.2% versus the BestCashCow average of 9.50%. 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 Savings Bank of Kentucky U.S. Bank Average
17.96% 12.76%

First Federal Savings Bank of Kentucky has a Capitalization of 17.96% versus the BestCashCow average of 12.76. 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 Savings Bank of Kentucky Balance Sheet Analysis

As of June 30, 2019, First Federal Savings Bank of Kentucky had assets of $245,999,000, loans of $203,663,000, and deposits of $152,542,000. 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

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.20 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.01 billion
All other assets $0.01 billion
     Total Assets $0.20 billion
LIABILITIES
Total deposits $0.15 billion
      Interest-bearing deposits $0.15 billion
      Deposits held in domestic offices $0.15 billion
      % insured (estimated) 93.73%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.05 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.20 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in First Federal Savings Bank of Kentucky’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Kentucky, First Federal Savings Bank of Kentucky 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 78.17
Multifamily
Mortgages
4.34
Credit Card Loans 0.00
Consumer Auto Loans 0.04
Small Business Loans 7.11
Construction and Development Loans 2.47
Commercial Real Estate 12.47
Commercial and Industrial Loans 1.02
Farm Loans 0.00

Frequently Asked Questions About First Federal Savings Bank Of Kentucky

Branches and Savings

Is First Federal Savings Bank Of Kentucky FDIC insured?

Yes. It is covered under FDIC Certificate #29937.

Why does First Federal Savings Bank Of Kentucky 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 Savings Bank Of Kentucky CD rates not competitive?

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

Is First Federal Savings Bank Of Kentucky a commercial bank?

Yes

Where are First Federal Savings Bank Of Kentucky locations?

See branch locations nearby.

Is First Federal Savings Bank Of Kentucky open on Saturdays?

Is First Federal Savings Bank Of Kentucky open on Sundays?

What time does First Federal Savings Bank Of Kentucky open?

What time does First Federal Savings Bank Of Kentucky close?

Are First Federal Savings Bank Of Kentucky ATMs Open 24/7?

Do First Federal Savings Bank Of Kentucky ATMs accept cash deposits?

Can First Federal Savings Bank Of Kentucky customers use other ATMs?

Do First Federal Savings Bank Of Kentucky branches have notaries?

Will First Federal Savings Bank Of Kentucky notarize my document?

What address for First Federal Savings Bank Of Kentucky should I put for incoming ACH transfers?

Will the First Federal Savings Bank Of Kentucky branch print checks?

Do First Federal Savings Bank Of Kentucky checks expire?

Does First Federal Savings Bank Of Kentucky require US citizenship to open account?

Can First Federal Savings Bank Of Kentucky close my account?

Does First Federal Savings Bank Of Kentucky Report to credit bureaus?

Does First Federal Savings Bank Of Kentucky Use Equifax?

What is First Federal Savings Bank Of Kentucky's ACH Routing Number?

What is First Federal Savings Bank Of Kentucky's SWIFT code?

Products

Does First Federal Savings Bank Of Kentucky offer mortgages?

Compare mortgage rates here.

Does First Federal Savings Bank Of Kentucky offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Federal Savings Bank Of Kentucky offer personal loans?

Compare personal loan rates here.

Does First Federal Savings Bank Of Kentucky offer student loans?

Will First Federal Savings Bank Of Kentucky cash a check?

Will First Federal Savings Bank Of Kentucky redeem a savings bond?

Does First Federal Savings Bank Of Kentucky cash savings bonds?

Will First Federal Savings Bank Of Kentucky cash money orders?

Can First Federal Savings Bank Of Kentucky issue a money order?

Does First Federal Savings Bank Of Kentucky do currency exchange?

Background on The Bank

Who owns First Federal Savings Bank Of Kentucky?

How long has First Federal Savings Bank Of Kentucky been around?

Can First Federal Savings Bank Of Kentucky transfer to other banks?

Does First Federal Savings Bank Of Kentucky have quick pay?

Does First Federal Savings Bank Of Kentucky accept rolled coins?

Will First Federal Savings Bank Of Kentucky accept loose change?

Where is First Federal Savings Bank Of Kentucky headquarters?

Customer Reviews for First Federal Savings Bank of Kentucky


  • August 17, 2015

    I can only dream about CD rates returning to these levels like the 1970's.

  • August 13, 2015

    Please, contact me for more information about 60mont6h CD rate 13.10% I think that is a misprint.
    My telephone number is 305-562-5284
    Thank you

  • August 11, 2015

    This looks to have been a miskeyed rate. Sorry about that. It has been fixed.

  • August 10, 2015

    The bank's website lists 1.31% for the 5 year CD.

  • August 10, 2015

    Is it a misprint?????

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