First Federal Bank Littlefield, Texas in Littlefield, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • First Federal Bank Littlefield, Texas in Littlefield, Texas (TX)
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First Federal Bank Littlefield, Texas - Overview

  • General
  • FDIC Certificate #: 30291
    Status: Active
    Federal Reserve ID: 14977
    Date Established: June 01, 1946
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 5117
    FDIC's unique #: 43125
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: July 10, 1946
    Last Structure Change Effective Date: December 01, 2011
    Last Structure Change Process Date: December 12, 2011
    Last Data Update: December 12, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2313 Phelps Ave., Littlefield, TX 79339
    County: Lamb
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Lubbock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $46.0 mil
    Equity capital: $7.7 mil
    Deposits held in domestic offices: $38.1 mil
    Return on assets (ROA): 0.38% ($0.2 mil)
    Quarterly return on assets: 0.47% ($0.2 mil)
    Return on Equity (ROE): 2.24% ($0.2 mil)
    Quarterly return on equity: 2.76% ($0.2 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.57% ($262.4 mil)
    Quarterly Pretax return on assets: 0.57% ($262.4 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
  • 15Total employees (full-time equivalent)
  • $46,031Total assets
  • $13,812Cash and due from depository institutions
  • $13,483Interest-bearing balances
  • $8,267Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $20,984Net loans & leases
  • $329Loan loss allowance
  • $0Trading account assets
  • $2,165Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $46,031Life insurance assets
  • $803All other assets
  • $38,317Total liabilities and capital
  • $38,130Total liabilities
  • $28,904Total deposits
  • $38,130Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $86Trading liabilities
  • $0Other borrowed funds
  • $101Subordinated debt
  • $7,714All other liabilities
  • $7,714Total equity capital
  • $7,714Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $7,714Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $56Income earned, not collected on loans
  • $0Earning assets
  • $290Long-term assets (5+ years)
  • $42,734Average Assets, year-to-date
  • $14,005Average Assets, quarterly
  • $44,602Volatile liabilities
  • $45,354Insider loans
  • $24,837FHLB advances
  • $45,516Loans and leases held for sale
  • $140Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,600Tier 2 risk-based capital
  • $140Total risk weighted assets
  • $0Total unused commitments
  • $1,440Restructured Loans and leases
  • $527Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,758Total interest income
  • $308Total interest expense
  • $1,450Net interest income
  • $50Provision for loan and lease losses
  • $132Total noninterest income
  • $0Fiduciary activities
  • $109Service charges on deposit accounts
  • $0Trading account gains & fees
  • $23Additional noninterest income
  • $1,314Total noninterest expense
  • $796Salaries and employee benefits
  • $163Premises and equipment expense
  • $355Additional noninterest expense
  • $218Pre-tax net operating income
  • $0Securities gains (losses)
  • $85Applicable income taxes
  • $133Income before extraordinary items
  • $38Extraordinary gains - net
  • $171Net income attributable to bank
  • $0Net charge-offs
  • $171Cash dividends
  • $44Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.21%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 3.47%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 3.14%Noninterest expense to earning assets
  • 0.30%Net operating income to assets
  • 0.38%Return on assets (ROA)
  • 0.57%Pretax return on assets
  • 2.24%Return on equity (ROE)
  • 2.24%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 113.64%Credit loss provision to net charge-offs
  • 6.09%Efficiency ratio
  • 83,059Assets per employee
  • 3.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.54%Loss allowance to noncurrent loans
  • 587.50%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.26%Net loans and leases to deposits
  • 55.03%Net loans and leases to core deposits
  • 61.66%Equity capital to assets
  • 16.76%Core capital (leverage) ratio
  • 16.70%Tier 1 risk-based capital ratio
  • 30.60%Total risk-based capital ratio
  • Memoranda
  • $32Average assets
  • $44,602Average earning assets
  • $7,619Average equity
  • $41,806Average loans

List of branches

  • 2 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043125First Federal Bank Littlefield, Texas2313 Phelps Ave., Littlefield, TX 79339June 01, 1946Full Service Brick and Mortar
    2279745Phelps Avenue Branch2313 Phelps Avenue, Littlefield, TX 79339June 30, 1996Full Service Brick and Mortar

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