Financial Statement

Assets

 Assets

Sept. 30, 2023Sept. 30, 2022
Cash and cash equivalents $18,254,007 $20,019,419
Securities and investments $203,971,337 $230,157,753
Residential loans $260,637,260 $254,569,267
Commercial loans $94,317,189 $74,413,987
Construction and land loans $13,574,326 $17,188,396
Consumer loans $633,585 $287,307
Net deferred loan fees ($878,549) ($795,031)
Allowance for loan losses ($4,223,107) ($4,223,107)
Total loans, net $364,00,704 $341,440,819
Premises and equipment, net $17,581,798 $18,102,088
Other assets $20,589,693 $20,026,602
TOTAL ASSETS $624,457,539 $629,746,681

Liabilities and Equity

Liabilities 

Sept. 30, 2023Sept. 30, 2022
Total deposits $535,956,088 $569,939,160
Short-term borrowings $25,100,000 -
Other liabilities $7,297,623 $6,780,002
Total equity $56,103,828 $53,027,519
TOTAL LIABILITIES AND EQUITY $624,457,539 $629,746,681

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