First Federal Bank

Overview

What stands out about First Federal Bank?

Its largest one-quarter change in total assets since Q1 2016 was +35.0% between Q1 2018 and Q2 2018, when it absorbed CBC NATIONAL BANK. Against its six size peers, its loan-to-deposit ratio stands out most: 41.35% at Q2 2026, below the peer median of 92.27%. Its noncurrent loans to total loans of 2.96% at Q2 2026 is among the highest 5% of the 500 banks reporting it, a loan-quality outlier (rank 480 of 500, 1 = lowest).

How large is First Federal Bank?

At Q2 2026 the bank held $4.5 bn of assets. Deposits were $3.4 bn and net loans and leases $1.4 bn, a loan-to-deposit ratio of 41.35%. Securities of $2.5 bn made up 56.3% of assets.

Total assets rose 278.5% between Q1 2016 and Q2 2026, from $1.2 bn.

How much of its funding is uninsured?

An estimated 40.67% of domestic deposits were above the FDIC insurance limit at Q2 2026, +0.18 pp from the previous quarter and +1.54 pp from a year earlier. That share ranks 177th among 500 banks reporting this metric (1 = highest).

Key facts, Q2 2026

US rank: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.

The common equity tier 1 (CET1) ratio was 20.56% at Q2 2026, +0.18 pp from a year earlier. Since Q1 2016 it has ranged from 13.87% (Q2 2018) to 21.95% (Q1 2018). At Q2 2026 the tier 1 leverage ratio was 10.83% and the total risk-based capital ratio 21.06%. The median CET1 ratio of the size peers listed below was 14.52% at Q2 2026.

Held-to-maturity securities had an unrealized gain of $5,000 at Q2 2026, measured as fair value minus amortized cost, equal to 0.0% of bank equity capital. The gain was unchanged from a year earlier. Available-for-sale securities showed an unrealized loss of $67.6 mn at Q2 2026; the loss narrowed by $57.5 mn from a year earlier.

Return on equity was 11.61% for the year to Q2 2026, annualized, with a return on assets of 1.19% and a net interest margin of 3.32%. The margin was +0.10 pp from a year earlier. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 66.69%. Net income for the year to Q2 2026 was $26.2 mn, up 28.0% on the same period a year earlier. The median return on equity of its size peers was 11.51% for the same period.

Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 2.96% of total loans at Q2 2026. Net charge-offs for the year to date were 0.11% of average loans, annualized.

1. 2 April 2018. Absorbed CBC NATIONAL BANK (FDIC certificate 35309).

Large one-quarter moves

• Total assets changed by +35.0% in the quarter to 2018-06-30: Absorbtion - Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from CBC NATIONAL BANK.

Source: FDIC BankFind API, institution history. Moves of more than 25% in one quarter are checked against that history in our review.