Financial Statement

Assets

Details

Sept. 30, 2020

Sept. 30, 2019

Cash and cash equivalents

85,401,768

39,592,795

Securities and investments

149,381,075

128,627,606

Residential loans

211,333,504

211,255,345

Commercial loans

60,126,886

65,770,291

Construction and land loans

6,429,357

4,446,873

Consumer loans

672,816

965,526

Net deferred loan fees

(1,254,763)

(1,669,514)

Allowance for loan losses

(4,208,966)

(3,183,966)

Total loans, net

283,098,834

277,548,555

Premises and equipment, net

5,789,112

2,990,928

Other assets

10,381,183

10,245,458

TOTAL ASSETS

534,051,972

459,041,342

 

Liabilities and Equity

 

Details

Sept. 30, 2020

Sept. 30, 2019

Total deposits

457,888,427

387,106,395

Other liabilities

6,226,704

5,513,026

Total equity

69,936,841

66,421,921

          TOTAL LIABILITIES AND EQUITY

534,051,972

459,041,342

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.

Community Matters

Our philosophy continues to guide our decision-making and strengthen our dedication to our customers and our community. When you bank with us, your money is invested here and stays here, working for and giving back to our community.

Giving Programs

Community Support

Financial Education

 

 

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