Financial Statement

Assets

 

Sept. 30, 2017

Sept. 30, 2016

Cash and cash equivalents

 32,780,562

29,965,786

Securities and investments

 118,784,154

126,045,281

Residential loans

  186,332,221

174,378,743

Commercial loans

53,986,520

46,563,313

Construction and land loans

13,164,831

10,548,071

Consumer loans

577,021

448,595

Net deferred loan fees

(1,711,709)

(1,674,366)

Allowance for loan losses

(3,193,966)

(3,125,458)

Total loans, net

249,154,918

227,138,898

Real estate owned, net

285,000

308,490

Premises and equipment, net

2,932,923

3,194,495

Other assets

10,011,326

9,318,843

TOTAL ASSETS

413,948,883

395,971,793

 

Liabilities and Equity

 

 

Sept. 30, 2017

Sept. 30, 2016

Total deposits

349,526,264

333,865,688

FHLB borrowings

-

-

Other liabilities

4,895,007

4,397,609

Total equity

59,527,612

 57,708,496

          TOTAL LIABILITIES AND EQUITY

413,948,883

395,971,793

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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