First Federal Savings & Loan Association of Ravenswood
First Federal Savings & Loan Association of Ravenswood in Ravenswood, West Virginia (WV) Overview, Financial Summary, Detailed Financial Reports, Branches
First Federal Savings & Loan Association of Ravenswood in Ravenswood, West Virginia (WV)
First Federal Savings & Loan Association of Ravenswood - Overview
General
FDIC Certificate #: 29490 Status: Active Federal Reserve ID: 441470 Date Established: January 01, 1934 WWW:http://www.ffslrwvadventures.net Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 3542 FDIC's unique #: 42324 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: September 12, 1935 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: 234 Washington Street, Ravenswood, WV 26164 County: Jackson Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Scott Depot Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $12.8 mil Equity capital: $1.3 mil Deposits held in domestic offices: $10.9 mil Return on assets (ROA): 0.72% ($0.1 mil) Quarterly return on assets: 0.82% ($0.1 mil) Return on Equity (ROE): 7.05% ($0.1 mil) Quarterly return on equity: 7.85% ($0.1 mil) Net income: $0.1 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.97% ($124.3 mil) Quarterly Pretax return on assets: 1.13% ($144.8 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
2Total employees (full-time equivalent)
$12,815Total assets
$2,534Cash and due from depository institutions
$2,399Interest-bearing balances
$69Securities
$0Federal funds sold & reverse repurchase agreements
$9,599Net loans & leases
$19Loan loss allowance
$0Trading account assets
$337Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$12,815Life insurance assets
$276All other assets
$11,478Total liabilities and capital
$10,871Total liabilities
$10,871Total deposits
$10,871Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$600Trading liabilities
$0Other borrowed funds
$7Subordinated debt
$1,337All other liabilities
$1,337Total equity capital
$1,337Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$1,337Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$47Long-term assets (5+ years)
$12,067Average Assets, year-to-date
$0Average Assets, quarterly
$12,589Volatile liabilities
$12,737Insider loans
$6,350FHLB advances
$12,658Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$1,180Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$272Restructured Loans and leases
$176Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$575Total interest income
$195Total interest expense
$380Net interest income
$0Provision for loan and lease losses
$13Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$13Additional noninterest income
$271Total noninterest expense
$173Salaries and employee benefits
$15Premises and equipment expense
$83Additional noninterest expense
$122Pre-tax net operating income
$0Securities gains (losses)
$31Applicable income taxes
$91Income before extraordinary items
$0Extraordinary gains - net
$91Net income attributable to bank
$0Net charge-offs
$91Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.77%Yield on earning assets
1.62%Cost of funding earning assets
3.15%Net interest margin
0.11%Noninterest income to earning assets
2.25%Noninterest expense to earning assets
0.72%Net operating income to assets
0.72%Return on assets (ROA)
0.97%Pretax return on assets
7.05%Return on equity (ROE)
7.05%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
68,957Assets per employee
6.41%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.20%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
88.30%Net loans and leases to core deposits
91.67%Equity capital to assets
10.43%Core capital (leverage) ratio
9.32%Tier 1 risk-based capital ratio
18.58%Total risk-based capital ratio
Memoranda
$19Average assets
$12,589Average earning assets
$1,291Average equity
$12,061Average loans
List of branches
1 West Virginia Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
42324
First Federal Savings & Loan Associa
234 Washington Street, Ravenswood, WV 26164
January 01, 1934
Full Service Brick and Mortar
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First Federal Savings & Loan Association of Ravenswood
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