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

First Federal Savings and Loan Association of Independence in Independence, Kansas (KS)
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First Federal Savings and Loan Association of Independence - Overview

General
FDIC Certificate #: 27852
Status: Active
Federal Reserve ID: 600576
Date Established: January 01, 1905
WWW: http://www.firstfederalsl.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 391
FDIC's unique #: 40686
Numeric code: 37
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: December 28, 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: 112 E Myrtle Street, Independence, KS 67301
County: Montgomery
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Wichita
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Coffeyville, KS (#17700)
CBSA Micro Statistical Area: Yes
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $168.4 mil
Equity capital: $15.1 mil
Deposits held in domestic offices: $117.8 mil
Return on assets (ROA): -0.39% (-$0.7 mil)
Quarterly return on assets: 0.85% ($1.4 mil)
Return on Equity (ROE): -4.49% (-$0.7 mil)
Quarterly return on equity: 9.75% ($1.5 mil)
Net income: -$0.7 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: -0.83% (-$1,397.6 mil)
Quarterly Pretax return on assets: 1.32% ($2,222.6 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
47Total employees (full-time equivalent)
$168,380Total assets
$2,302Cash and due from depository institutions
$1,540Interest-bearing balances
$10,020Securities
$30,335Federal funds sold & reverse repurchase agreements
$108,052Net loans & leases
$3,351Loan loss allowance
$0Trading account assets
$2,088Bank premises and fixed assets
$4,729Other real estate owned
$0Goodwill and other intangibles
$168,380Life insurance assets
$10,854All other assets
$153,310Total liabilities and capital
$117,790Total liabilities
$112,702Total deposits
$117,790Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$35,128Trading liabilities
$0Other borrowed funds
$392Subordinated debt
$15,070All other liabilities
$15,070Total equity capital
$15,070Total bank equity capital
$0Perpetual preferred stock
$7Common stock
$3,781Surplus
$11,282Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$7,589Income earned, not collected on loans
$136Earning assets
$540Long-term assets (5+ years)
$149,947Average Assets, year-to-date
$0Average Assets, quarterly
$175,105Volatile liabilities
$170,495Insider loans
$101,913FHLB advances
$168,380Loans and leases held for sale
$2,558Unused loan commitments
$0Tier 1 (core) risk-based capital
$15,070Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,945Restructured Loans and leases
$896Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$8,434Total interest income
$2,955Total interest expense
$5,479Net interest income
$3,290Provision for loan and lease losses
$1,488Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,488Additional noninterest income
$5,122Total noninterest expense
$2,589Salaries and employee benefits
$899Premises and equipment expense
$1,634Additional noninterest expense
-$1,445Pre-tax net operating income
$0Securities gains (losses)
-$759Applicable income taxes
-$686Income before extraordinary items
$0Extraordinary gains - net
-$686Net income attributable to bank
$0Net charge-offs
-$686Cash dividends
$115Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.44%Yield on earning assets
1.91%Cost of funding earning assets
3.53%Net interest margin
0.96%Noninterest income to earning assets
3.30%Noninterest expense to earning assets
-0.39%Net operating income to assets
-0.39%Return on assets (ROA)
-0.83%Pretax return on assets
-4.49%Return on equity (ROE)
-4.49%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
2860.87%Credit loss provision to net charge-offs
16.04%Efficiency ratio
73,518Assets per employee
3.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.01%Loss allowance to noncurrent loans
44.16%Noncurrent assets plus other real estate owned to assets
7.32%Noncurrent loans to loans
6.81%Net loans and leases to deposits
91.73%Net loans and leases to core deposits
97.06%Equity capital to assets
8.95%Core capital (leverage) ratio
8.95%Tier 1 risk-based capital ratio
14.79%Total risk-based capital ratio
Memoranda
$16Average assets
$175,105Average earning assets
$15,277Average equity
$155,004Average loans

List of branches

5 Kansas Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	40686	First Federal Savings And Loan Assoc	112 E Myrtle Street, Independence, KS 67301	January 01, 1905	Full Service Brick and Mortar
1	263758	Coffeyville Branch	2903 W 9th Street, Coffeyville, KS 67337	January 10, 1997	Full Service Brick and Mortar
2	42880	Neodesha Branch	801 Main Street, Neodesha, KS 66757	January 01, 1887	Full Service Brick and Mortar
3	464459	1st & Broadway Branch	102 N Broadway Street, Pittsburg, KS 66762	July 14, 2003	Full Service Brick and Mortar
4	464460	4311 W. 6th, Suite D Branch	4311 W. 6th, Suite D, Lawrence, KS 66049	July 01, 2003	Full Service Brick and Mortar

First Federal Savings and Loan Association of Independence in Independence, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Savings and Loan Association of Independence - 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 Independence in Independence, Kansas (KS)Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Savings and Loan Association of Independence - 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 Independence in Independence, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches