# FIRST FEDERAL BANK
DUNN, NC · FDIC certificate 31077 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. 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 | $275.6M | |
| Deposits | $250.5M | |
| Loans and leases | $202.6M | |
| Total equity | $18.7M | |
| Loans / deposits | 80.20% (p63 of band) | 73.59% |
| Liquid assets / assets | 23.12% (p28 of band) | |
| Uninsured deposits / deposits | 29.86% (p81 of band) | 19.81% |
| Brokered deposits | 0.73% | |
| Wholesale funding | 2.54% (p62 of band) | |
| FHLB advances / assets | 1.81% | |
| Tier 1 leverage | 9.25% (p14 of band) | 11.76% |
| Unrealized securities loss / equity | -48.78% (p6 of band) | -6.57% |
| AOCI / equity | 0.40% (p94 of band) | |
| ROA (annualized) | 0.29% (p12 of band) | 1.17% |
| Net interest margin | 3.26% (p20 of band) | 3.93% |
| Efficiency ratio | 85.36% (p86 of band) | |
| Noncurrent loans | 0.47% (p55 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p19 of band) | |
| Reserve coverage of noncurrent | 175.99% | |
| Real estate % of loans | 95% | |
| Construction % of loans | 100.68% (p94 of band) | |
| Auto loans | $136,000 (0.07% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 3.9% | |
| Employees | 56 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 3 | losing money |  |
| 2011-09 | 3 | capital falling | construction >100% equity |
| 2011-12 | 3 |  |  |
| 2012-03 | 2 |  | capital falling |
| 2012-06 | 3 | expense ratio p90 |  |
| 2012-09 | 3 |  |  |
| 2012-12 | 2 |  | expense ratio p90 |
| 2013-03 | 0 |  | reserve under noncurrent, losing money |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 2 | expense ratio p90, deposits shrinking |  |
| 2015-06 | 1 |  | deposits shrinking |
| 2015-09 | 1 |  |  |
| 2015-12 | 2 | capital falling |  |
| 2016-03 | 2 |  |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 3 | losing money |  |
| 2018-03 | 1 |  | capital falling, losing money |
| 2018-06 | 2 | losing money |  |
| 2018-09 | 0 |  | expense ratio p90, losing money |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | expense ratio p90 |  |
| 2019-06 | 0 |  | expense ratio p90 |
| 2019-09 | 1 | expense ratio p90 |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | reserve under noncurrent |  |
| 2020-06 | 1 |  | reserve under noncurrent |
| 2020-09 | 2 | capital falling |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 |  |  |
| 2021-06 | 2 |  |  |
| 2021-09 | 3 | construction >100% equity |  |
| 2021-12 | 2 |  | expense ratio p90 |
| 2022-03 | 2 |  |  |
| 2022-06 | 3 | AOCI drag >20% of equity, securities losses >30% of equity | capital falling |
| 2022-09 | 3 |  |  |
| 2022-12 | 4 | capital falling |  |
| 2023-03 | 3 |  | AOCI drag >20% of equity |
| 2023-06 | 1 |  | construction >100% equity, capital falling |
| 2023-09 | 2 | expense ratio p90 |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 1 |  | expense ratio p90 |
| 2024-06 | 1 |  |  |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 1 |  |  |
| 2025-06 | 2 | capital falling |  |
| 2025-09 | 2 | construction >100% equity | capital falling |
| 2025-12 | 1 |  | construction >100% equity |
| 2026-03 | 3 | capital falling, construction >100% equity |  |
| 2026-06 | 2 |  | capital falling |

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

- 2026-03-30 [ARMAI Technologies Announces Strategic Relationship with First Federal Bank of Kansas City to Modernize Third-Party Risk and Embedded Finance Oversight - Business Wire](https://news.google.com/rss/articles/CBMisgJBVV95cUxOQ0luOWhrUWN0Y1JBSU12V0xreEJfZVdPd2tmLXJtWHVTMHFGTkRpSWw0ZXJlalFfSThIekNodW9IRzd2bkhBUGdzQ0tOZ0xQRlhNTENUQ2p2RkNLY3k1UjdaeVN5dDlvVW1qcm0tTVA4ekx6aGRlWnJXbldGTGl2MV8ySVJ0clJsVWVGTUhmNlpMWGdUb2JMNW5ac3A5dVkzaDZ2YmFQcXVOYnpXU1ppM296cVJhZFphaG5Vc0FvcnlFbVdKMlF2Mkp0TWxoUU9QTEZDcE5ERWxBOUlrNXFTWjhqaVJLakNjV1g5NXozSG5Ncm8waW83RW1jcXNkQnc2djhKTFlRTGQ0RFlhMG9heGIzeF8tbmw1RmZjNExyQmVGdloxQTRyTmhrcWIxdEhXREE?oc=5) · Business Wire
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2025-11-26 [First Federal Bank names new chairman - mydailyrecord.com](https://news.google.com/rss/articles/CBMivwFBVV95cUxQQ0VnOWxhTHlDZlBGbTZtUEhOakdpcjNHZzNnQXg4S2pLQVVmUkY2ZDhENGJFcHBaanVLdzBvazF2MGpKZGNlY2hpNXk0aGloNDlZbVF4T19FV0RVd3NQYWprNWNJZW95R1FCZjNDNVZBbmh3MWUxSkF5aThzS0d1QVpndmUxNHBXOURHMW12S05WSmJaTmJZaVR0NzNsazdUaFFrSzVoSUFBdGhYLXU4MXNkcmRFcHg3ZklJbGxqWQ?oc=5) · mydailyrecord.com
- 2026-01-29 [First Federal Bank Mortgage Review 2026 - LendingTree](https://news.google.com/rss/articles/CBMigwFBVV95cUxObVpucjQwQ0hyc2ozSHFVY0Z2MVYwcVRtSEs0dzhpU0pmSGZkWm42SE1nZGsyV0pWcURFeWk0S1lZSjdieUZyTEdqTkYyTEtpT2RjdmJuN3ZleVBNdWhzN2EwcDZLaWJ0Sl9BMFNweDVVMlRvenlqcDhRSFRhTFJJaU1MTQ?oc=5) · LendingTree
- 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
- 2020-07-29 [James P. Lenahan Joins First Federal Bank Board of Directors - biztimes.com](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNeWJwOGRoYXI4NU85bWh2SF9ubklVOHR4SW9ET3lCTFEzWkttcURTeVZGLUtrb2NZX2kxWEwxQXdQRWRhazVEMHhfSUVWQlRrbXRTb1VRdk10bEFNc0VuQ2V3VWNyd3NkeEdyektjMnVWWFVBQVRLczQwZ29GWlViQVRMSGtGVnVT?oc=5) · biztimes.com
- 2023-05-11 [Shawn Birk joins First Federal Bank - Idaho Business Review](https://news.google.com/rss/articles/CBMihgFBVV95cUxNeTA4MDZIM2QySWMxWEg4akJ0WmdKaFM4VXh6WVZBWDMtZUxXNkhhYW45WVVUZGpELWJWVEFIUDJtekFCODFtaUlfempjLWprUTRsd3BNZTFfMktkVTZaR1hUeFhhUTd3dzViVmEyUjhRT0dHQ0djd05LTnlkTlpDQmhIRTAwdw?oc=5) · Idaho Business Review

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=31077 (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/37.json (key "31077", 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