Financial Statement

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Assets

Table of assets
	Sept. 30, 2024	Sept. 30, 2023
Cash and cash equivalents	$18,407,985	$18,254,007
Securities and investments	$179,655,384	$203,971,337
Residential loans	$266,928,719	$260,637,260
Commercial loans	$121,715,401	$94,317,189
Construction and land loans	$20,716,923	$13,574,326
Consumer loans	$586,674	$633,585
Net deferred loan fees	($768,510)	($878,549)
Allowance for loan losses	($4,045,000)	($4,223,107)
Total loans, net	$405,134,207	$364,060,704
Premises and equipment, net	$18,979,280	$17,581,798
Other assets	$17,258,077	$20,589,693
TOTAL ASSETS	$639,434,933	$624,457,539

Liabilities and Equity

Table of liabilities and equity
	Sept. 30, 2024	Sept. 30, 2023
Total deposits	$548,423,232	$535,956,088
Short-term borrowings	-	$25,100,000
Long-term borrowings	$15,800,000	-
Other liabilities	$8,751,252	$7,297,623
Total equity	$66,460,449	$56,103,828
TOTAL LIABILITIES AND EQUITY	$639,434,933	$624,457,539

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 Reinvestment Act (CRA) Public File

In accordance with the Community Reinvestment Act (CRA) Regulation , First Federal is required to maintain and, upon request, make available for public inspection a complete Community Reinvestment Act Public File.

CRA Public File

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Financial Statement

Assets

Liabilities and Equity