Financial Statement
Assets
|
Assets
| Sept. 30, 2023 | Sept. 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, 2023 | Sept. 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.
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