# FIRST FEDERAL BANK
LEXINGTON, KY · FDIC certificate 29594 · asset band <$300M · latest filing 2013-03 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. Composite score 11 (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 | $93.0M | |
| Deposits | $87.2M | |
| Loans and leases | $67.2M | |
| Total equity | $809,000 | |
| Loans / deposits | 72.92% (p63 of band) | 66.54% |
| Liquid assets / assets | 10.61% (p2 of band) | |
| Uninsured deposits / deposits | 0.97% (p2 of band) | 11.77% |
| Brokered deposits | 1.01% | |
| Wholesale funding | 5.55% (p73 of band) | |
| FHLB advances / assets | 4.53% | |
| Tier 1 leverage | 0.90% (p0 of band) | 10.04% |
| Unrealized securities loss / equity | 2.97% (p55 of band) | 2.48% |
| AOCI / equity | 0.37% (p96 of band) | |
| ROA (annualized) | -1.92% (p2 of band) | 0.72% |
| Net interest margin | 2.97% (p21 of band) | 3.55% |
| Efficiency ratio | 159.37% (p99 of band) | |
| Noncurrent loans | 15.62% (p99 of band) | 1.19% |
| Net charge-offs (annualized) | 0.07% (p67 of band) | |
| Reserve coverage of noncurrent | 34.01% | |
| Real estate % of loans | 96% | |
| Construction % of loans | 53.28% (p83 of band) | |
| Auto loans | $13,000 (0.02% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -11.9% | |
| Employees | 28 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | losing money, expense ratio p90, reserve under noncurrent |  |
| 2011-06 | 4 | noncurrent p90 |  |
| 2011-09 | 5 | capital falling |  |
| 2011-12 | 5 |  |  |
| 2012-03 | 9 | liquid assets <10%, charge-offs p90, deposits shrinking, assets shrinking, uninsured deposits leaving | capital falling |
| 2012-06 | 10 | leverage <7%, leverage <5% | expense ratio p90, liquid assets <10% |
| 2012-09 | 11 | capital falling |  |
| 2012-12 | 12 | expense ratio p90 |  |
| 2013-03 | 11 |  | charge-offs p90 |

## 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
- 2026-01-29 [First Federal Bank Mortgage Review 2026 - LendingTree](https://news.google.com/rss/articles/CBMigwFBVV95cUxObVpucjQwQ0hyc2ozSHFVY0Z2MVYwcVRtSEs0dzhpU0pmSGZkWm42SE1nZGsyV0pWcURFeWk0S1lZSjdieUZyTEdqTkYyTEtpT2RjdmJuN3ZleVBNdWhzN2EwcDZLaWJ0Sl9BMFNweDVVMlRvenlqcDhRSFRhTFJJaU1MTQ?oc=5) · LendingTree
- 2024-07-30 [First Federal Bank suspends dividend payments - Eyewitness News (WEHT/WTVW)](https://news.google.com/rss/articles/CBMijAFBVV95cUxOd3MxbkJIbmktV0hnM1pidmVJV2p5Y2ZCaHlsYXlMbFFxcWRteDlTc0o4S2ZDSVh2UXNQMmRLMExwZ251Umd2ZVpsV0R0N2wtYlRsdUUtejM5T2hSZmFPWVNlVFg5OE9Ec1NTVjFMNWlabXRzMUpSeDE2bzgzbjA0Q090V0d3TTdOY253U9IBkgFBVV95cUxNejV6WnhnWi05WlR5U0xZcmNJS0ZybS1XdTViVHphWlo5WXp6OTFja3JWVVBWM21yTkxSUEktNk9fc3F2TVg2RkVYZ0RadnhLWVFBbjE0aGZKZ0J1bE10NDZ1RVJSR1JuXzBhYXdjM1h6U3lub1ZFOUxyeGhVUDJqckJjUFZKNUx2Vk1JR0E4SWJRdw?oc=5) · Eyewitness News (WEHT/WTVW)
- 2023-06-20 [Forbes 2026 America's Best Banks In Each State List - Forbes](https://news.google.com/rss/articles/CBMiXkFVX3lxTE4xcm9keG1VQVdlREh4RG0tMFA2NktMQ1M4SjBicWxRTkJ3a0lOQTVqSXA0d1FkZ0RPOXQxWjFXYzg5SWhNNTBTU0Rqa0Vuekp2TzR5WnhXLTBwel9MdWc?oc=5) · Forbes
- 2019-10-25 [Regulators shutter banks in Kentucky and Ohio - American Banker](https://news.google.com/rss/articles/CBMifkFVX3lxTE9aSW5BcE45OGo1c0dKbE40YW9ITzBaaWJpTUVsMVI1R1JkbERoRzdDclhtUkNtRTc2VXlmSG5qUmNEMXF6dUF0OUxoeUdYSEdjUUZUdEZMelRvRjl0d2R1SjAyNEpoVWtyLU5uaS1GaDBIdlBiQi1QTHJTOXhiUQ?oc=5) · American Banker
- 2020-01-03 [Clime succeeds Beach as President/CEO of First Federal Bank of Ohio - Richland Source](https://news.google.com/rss/articles/CBMirwFBVV95cUxOWjFpbndvMndzTzRiYkVWYTJEdGRDdVRpUjBDYUpIMmlmU0Q2MnZKYURjeGxwUHBWNjg4S1R4UEEzNGNzRXpUV3BnMlh1TS1sa1RZSHJYZXZaWXk0dVp4XzNHOTM3QmhtZC10bUlPRXdRQVJSZVRuWWhWa2xNRU1EdGpQWVRWaUctUENueEkzSzVHcS1VWGhTOVlkZUZuOHA3R0dteVBlS183bGRRUW9v?oc=5) · Richland Source
- 2022-08-18 [Bailout List: Banks, Auto Companies, and More | Eye on the Bailout - ProPublica](https://news.google.com/rss/articles/CBMiV0FVX3lxTE9yUjlLUHlRTkFPekMwR3J1MXFxS2o0OWc3cTFybnY2U1ZhZ1BkTVRweEE5bXJuWnVSTTRxWk1malZlQ2dPUVpHSTk0OTZfNUg3aGpUVVJrbw?oc=5) · ProPublica
- 2011-03-21 [Personnel file: March 21 - Lexington Herald Leader](https://news.google.com/rss/articles/CBMia0FVX3lxTE4xdkdPZnd6SEM1WFMxNFZJTWRYc1JBNFMwTjExSXJyVi1BVDh1SzlCQlNxcmRpUktYeFYyMnhJWlh1emd3UDBWY3dfTk83N2cwZF96R1hZLV9FSVVLS1Y1TkZHOXlaZUNBQm930gFrQVVfeXFMT2lRY1JQYVU1eWU3cm8xanV1NTZfeHlrN1hOYmo5em9YeXZ6SUtOWldwTEgyR1B0VVBlX1prTXZqaHkyUVRFY2paN090SlpGOW1mMWhlZFN4SWxHSlRtcnNfWWtPN1h0eFpHemc?oc=5) · Lexington Herald Leader

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=29594 (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/26.json (key "29594", 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.

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