Financial Statement

Assets

 Sept. 30, 2022Sept. 30, 2021
Cash and cash equivalents $20,019,419 $41,352,281
Securities and investments $230,157,753 $229,042,516
Residential loans $254,569,267 $232,964,461
Commercial loans $74,413,987 $71,401,117
Construction and land loans $17,188,396 $13,687,201
Consumer loans $287,307 $511,260
Net deferred loan fees ($795,031) ($1,101,483)
Allowance for loan losses ($4,223,107) ($4,208,966)
Total loans, net $341,440,819 $313,253,590
Premises and equipment, net $18,102,088 $16,795,986
Other assets $20,026,602 $11,937,184
TOTAL ASSETS $629,746,681 $612,381,557

Liabilities and Equity

 Sept. 30, 2022Sept. 30, 2021
Total deposits $569,939,160 $534,958,774
Other liabilities $6,780,002 $6,792,983
Total equity $53,027,519 $70,629,800
TOTAL LIABILITIES AND EQUITY $629,746,681 $612,381,557

The Federal Deposit Insurance Corporation, an agency of the United States Government, insures all depositors up to $250,000 in accordance with the rules and regulations of the FDIC.

This information is based upon our audited financial statements. If you would like more financial information on First Federal, click here to access the FDIC's website database.