# FIRST FEDERAL BANK
CHARLESTON, SC · FDIC certificate 28994 · asset band $1-10B · latest filing 2013-06 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $3.17B | |
| Deposits | $2.56B | |
| Loans and leases | $2.46B | |
| Total equity | $341.4M | |
| Loans / deposits | 94.40% (p81 of band) | 80.47% |
| Liquid assets / assets | 14.64% (p11 of band) | |
| Uninsured deposits / deposits | 10.94% (p21 of band) | 21.14% |
| Brokered deposits | 3.45% | |
| Wholesale funding | 10.83% (p63 of band) | |
| FHLB advances / assets | 7.36% | |
| Tier 1 leverage | 10.58% (p68 of band) | 9.74% |
| Unrealized securities loss / equity | -0.61% (p44 of band) | -0.29% |
| AOCI / equity | -0.17% (p87 of band) | |
| ROA (annualized) | 0.98% (p56 of band) | 0.91% |
| Net interest margin | 4.75% (p92 of band) | 3.50% |
| Efficiency ratio | 66.95% (p52 of band) | |
| Noncurrent loans | 1.73% (p60 of band) | 1.39% |
| Net charge-offs (annualized) | 0.76% (p94 of band) | |
| Reserve coverage of noncurrent | 101.41% | |
| Real estate % of loans | 80% | |
| Construction % of loans | 36.36% (p57 of band) | |
| Auto loans | $4.4M (0.18% of loans; DQ 0.57%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p38 of band) | |
| Deposits YoY | -6.2% | |
| Employees | 860 | |

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco`)
- **deposits shrinking** (`shrink_deposits`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | loans exceed deposits, wholesale funding >15%, losing money, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 5 |  |  |
| 2011-09 | 5 |  |  |
| 2011-12 | 4 |  | reserve under noncurrent |
| 2012-03 | 3 |  | losing money |
| 2012-06 | 1 | reserve under noncurrent | loans exceed deposits, wholesale funding >15%, charge-offs p90 |
| 2012-09 | 0 |  | reserve under noncurrent |
| 2012-12 | 1 | reserve under noncurrent |  |
| 2013-03 | 1 | charge-offs p90 | reserve under noncurrent |
| 2013-06 | 2 | deposits shrinking |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2023-06-19 [First Federal Bank Expands Mortgage Business Across Midwest, Arizona - National Mortgage Professional](https://news.google.com/rss/articles/CBMiswFBVV95cUxPLTVubEtEV0RrcUtGaFB0RC1sbEpuTWd2al9uLS1Wb0NtTHQyWXlodW11X1dLcHpsRTZ3SS1HM21BTkI0X180U3B0M3FUV0x2X253T3k3UzhyZmhhRzM5R2hkSE5WcV80YkZLZXkyZzMtX2RMSkxtYjhlSEZNQmFSdDhad1ZvdFJxOFRjdGFtYndtY2tQMG16c1ZTbnktRTl3bXhId3R1Y2RtWU5RT2tRQ0ltOA?oc=5) · National Mortgage Professional
- 2026-01-05 [First Federal Bank Announces Agreement to Acquire NOLA Lending Group, a Division of Fidelity Bank - PR Newswire](https://news.google.com/rss/articles/CBMi5wFBVV95cUxOYUc1S2JjYlY2ZFJkb0dYbFdJbXpBTmFhZkxxaFNsNGpCX19HRFVsbTgxTWUxcTliTHB2Zmlib0ZOb1pMeko2YWVlZ0tsbjluNEFEakx4WGZYTERGMDNDV0hiUkhJcDF6Rm5faE9jOC1QUUNhQWhDSmF0VUlISU9WaDlZTmJVN19KekxyaXhUUHdIaVlLQ0sxZEduN3ZjQ1dBdjYwU3A0RXNWSTVoWldRT2JCUUtMaE1wWGNRdGtfZE5rd2NpOWxvVDg3YUxpeG5zNFdzZ0Fia1FHb1R2OEExLWNjSnRmclk?oc=5) · PR Newswire
- 2013-07-26 [First Federal, SCBT Complete Merger - wilmingtonbiz.com](https://news.google.com/rss/articles/CBMinwFBVV95cUxPV3FQcG5uU2RabUsxU1dlVXgwbFRSWXN1dEtyZzhmeVpwZlpFc2M3ckoyY0RiY1dKQUxsT2MzQkJuNTJpN2hQM0RWWUdIVXVObnNNRjVKM2xBYlNiQjNRcHI5WnpxVUlqRFhDb3hubHVzdktNVjFrVmFGLU9DMnk5dDVCbk9abHEyT3Y4ZXptS0hGeFpXSmR2UkJVQjJqek0?oc=5) · wilmingtonbiz.com
- 2015-09-16 [First Federal’s new name is South State Bank - MyHorryNews.com](https://news.google.com/rss/articles/CBMi1gFBVV95cUxQRXZwR21mc1Q0RGtrQWdKaEd2NGtMRzczRFlSczJ3aUNjTktaV0NkNEs5Mlg3QjFHRGpyTktTZmE4eDk0bVJzeWdJQWVRZlFKbzF2YXFjZEFwaDV1NUh5U1lIdWJ1WU9NbFNramtvYWRnaFFZeHFlREdET1JpWERVQkkyZGNLTWhRRmZFRGdfM3FBRVBtWWlSdzdVU3NLN0lRZS1JaFhZZ09YcE9SdnBibDNWaXh5VEFTZlgzWGtOYUYxMVJoX1ZqbFRMalFJekh2SVg3U05R?oc=5) · MyHorryNews.com
- 2014-04-19 [Renaming First Federal Bank 'a very detailed process' - Post and Courier](https://news.google.com/rss/articles/CBMi2AFBVV95cUxPWm1UZkZvV0VKblJEZUdpWS13VTVWLVZCTEJuakRWMjIxZ1NRR0xzVW5XVUZDTFA0OXJlNnZzSk1vTV9vckpiS2Q4V2NxdzZWVkE5ZXIxU256Wnd3NmFrX19FeWxtUG11UWQ2NmwwRmdRVUJGUDBiS1hwaW1DMC0yOHZ5cXRzQlBJWkNYdU5BNWpFcE1YbDVkNUVEeUhoVWNnZ1VCSWl2RGtmQXVmZ0RmN0k4OXFCdWZ1b0JTaHZXZk0zdGd6elg2Y2tuN1luOG5qd183c29EZWQ?oc=5) · Post and Courier
- 2026-07-31 [First Federal Bank Launches FFB Connect, Bringing Personalized Banking to Customers Wherever They Are - webull.com](https://news.google.com/rss/articles/CBMiWEFVX3lxTE1EZmUtWDUzREFtdHZfSTFkYW0zMThoYUtKSXB4emlXb2JXUTdTTnJyZlkyQng4VTFqaFFMZUJBV0ZrRDRiX0kxUEMwYmJ2RjVvTHAxbFN1QlA?oc=5) · webull.com
- 2024-04-18 [First Federal Bank Announces Agreement to Acquire Watson Mortgage Corp. - PR Newswire](https://news.google.com/rss/articles/CBMixAFBVV95cUxQVFIzT0puaG5EcTJWODJhQU1UcnU3STc3YXV5ZXQyYm9mMk5SN1I0TjlqaXJVbFRPMjloU1Y5T2tRcDdPaXlabXZ5cXd0akdsdzBpTDNaUHM4YkJCd1NDZGI3M2huMDVOWk5ISW5nb1h2TFZ4LWdJbGg0U2tncnBNTlJPcEdDeDVGcnFJWTJya0ViUFNvakJlLXM3dUM1aG4zTURPOUdJX1VhdHgwUXJEMDJXcDNmeThfeTdKZ2lLc3NMY3pN?oc=5) · PR Newswire

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=28994 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/2.json (key "28994", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide