Financial Statement

Assets

 

Sept. 30, 2018

Sept. 30, 2017

Cash and cash equivalents

21,950,614

32,780,562

Securities and investments

130,577,524

 118,784,154

Residential loans

207,206,810

186,332,221

Commercial loans

62,917,437

53,986,520

Construction and land loans

8,668,887

13,164,831

Consumer loans

678,656

577,021

Net deferred loan fees

(1,801,488)

(1,711,709)

Allowance for loan losses

(3,193,966)

(3,193,966)

Total loans, net

274,476,336

249,154,918

Real estate owned, net

204,750

285,000

Premises and equipment, net

2,583,095

2,932,923

Other assets

10,534,190

10,011,326

TOTAL ASSETS

440,326,509

413,948,883

 

Liabilities and Equity

 

 

Sept. 30, 2017

Sept. 30, 2016

Total deposits

368,045,029

349,526,264

FHLB borrowings

-

-

Other liabilities

5,268,889

4,895,007

Total equity

61,012,591

59,527,612

          TOTAL LIABILITIES AND EQUITY

434,326,509

413,948,883

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.

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