# FIRST FEDERAL BANK
LAKE CITY, FL · FDIC certificate 31313 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 5 (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 | $4.49B | |
| Deposits | $3.44B | |
| Loans and leases | $1.43B | |
| Total equity | $465.8M | |
| Loans / deposits | 41.35% (p3 of band) | 87.10% |
| Liquid assets / assets | 58.10% (p97 of band) | |
| Uninsured deposits / deposits | 40.67% (p75 of band) | 30.76% |
| Brokered deposits | 19.30% | |
| Wholesale funding | 30.22% (p96 of band) | |
| FHLB advances / assets | 10.39% | |
| Tier 1 leverage | 10.83% (p57 of band) | 10.50% |
| Unrealized securities loss / equity | -14.52% (p30 of band) | -7.75% |
| AOCI / equity | -0.20% (p58 of band) | |
| ROA (annualized) | 1.19% (p44 of band) | 1.26% |
| Net interest margin | 3.32% (p27 of band) | 3.70% |
| Efficiency ratio | 66.69% (p72 of band) | |
| Noncurrent loans | 2.96% (p96 of band) | 0.51% |
| Net charge-offs (annualized) | 0.04% (p57 of band) | |
| Reserve coverage of noncurrent | 25.72% | |
| Real estate % of loans | 65% | |
| Construction % of loans | 13.00% (p12 of band) | |
| Auto loans | $5.1M (0.35% of loans; DQ 0.18%, NCO 0.00%) | |
| Loans to nondepository financials | $234.5M (50% of equity) (p97 of band) | |
| Deposits YoY | 7.1% | |
| Employees | 602 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **loans-to-lenders >50% equity** (`conc_warehouse`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 2 | uninsured deposits >50% |  |
| 2012-03 | 2 | capital falling | uninsured deposits >50% |
| 2012-06 | 1 |  | capital falling |
| 2012-09 | 2 | uninsured deposits leaving |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 3 | noncurrent p90 |  |
| 2013-06 | 3 |  |  |
| 2013-09 | 4 | assets shrinking |  |
| 2013-12 | 2 |  | uninsured deposits leaving, assets shrinking |
| 2014-03 | 4 | capital falling, expense ratio p90 |  |
| 2014-06 | 4 |  |  |
| 2014-09 | 3 |  | capital falling |
| 2014-12 | 2 |  | expense ratio p90 |
| 2015-03 | 3 | brokered >10% |  |
| 2015-06 | 5 | wholesale funding >15%, capital falling |  |
| 2015-09 | 2 |  | brokered >10%, wholesale funding >15%, capital falling |
| 2015-12 | 2 |  |  |
| 2016-03 | 2 |  |  |
| 2016-06 | 4 | wholesale funding >15%, deposits shrinking |  |
| 2016-09 | 2 |  | wholesale funding >15%, deposits shrinking |
| 2016-12 | 2 |  |  |
| 2017-03 | 3 | brokered >10% |  |
| 2017-06 | 5 | wholesale funding >15%, capital falling |  |
| 2017-09 | 5 |  |  |
| 2017-12 | 4 |  | capital falling |
| 2018-03 | 5 | loans-to-lenders >50% equity |  |
| 2018-06 | 3 |  | brokered >10%, wholesale funding >15% |
| 2018-09 | 3 |  |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 4 | expense ratio p90 |  |
| 2019-06 | 3 |  | expense ratio p90 |
| 2019-09 | 4 | capital falling |  |
| 2019-12 | 4 |  |  |
| 2020-03 | 4 | wholesale funding >15% | capital falling |
| 2020-06 | 5 | brokered >10% |  |
| 2020-09 | 5 |  |  |
| 2020-12 | 6 | securities losses >30% of equity |  |
| 2021-03 | 6 | capital falling | wholesale funding >15% |
| 2021-06 | 3 |  | loans-to-lenders >50% equity, brokered >10%, capital falling |
| 2021-09 | 3 |  |  |
| 2021-12 | 3 |  |  |
| 2022-03 | 5 | uninsured deposits >50%, capital falling, AOCI drag >20% of equity | securities losses >30% of equity |
| 2022-06 | 5 | securities losses >30% of equity | uninsured deposits >50% |
| 2022-09 | 7 | brokered >10%, wholesale funding >15% |  |
| 2022-12 | 6 |  | capital falling |
| 2023-03 | 5 |  | AOCI drag >20% of equity |
| 2023-06 | 6 | capital falling |  |
| 2023-09 | 5 |  | capital falling |
| 2023-12 | 5 |  |  |
| 2024-03 | 5 |  |  |
| 2024-06 | 6 | capital falling |  |
| 2024-09 | 5 |  | capital falling |
| 2024-12 | 5 |  |  |
| 2025-03 | 6 | deposits shrinking |  |
| 2025-06 | 7 | loans-to-lenders >50% equity |  |
| 2025-09 | 4 |  | securities losses >30% of equity, deposits shrinking, loans-to-lenders >50% equity |
| 2025-12 | 4 |  |  |
| 2026-03 | 4 |  |  |
| 2026-06 | 5 | loans-to-lenders >50% equity |  |

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

- 2026-06-05 [First Federal Bank Announces Agreement to Sell Third Party Origination Division to Mortgage Forward, a CUSO in the Great Lakes Credit Union Family of Companies - PR Newswire](https://news.google.com/rss/articles/CBMiugJBVV95cUxQZ3NmVmluWTNLc2hna01keWZsRlhOTXk0bWljM3B6NFVDTmkwZHM4aDEwR3BFYmJMQVRtNmt6ZGJlSnpYSHZhOXBDX1V2M3pWMG1vM3lTM2dTSkdDN0RTUTFUQ3BMWnhFR0xqZG0xWHp6U0ZwbHZXZDYtWk8xYmVycFZDTHJBVzVZcEhHa1VqZTBZVHNGSXZ4bE1NbU1DRExKY1dvME9hS0Z1QnFHd2Vtck9zQm50S1l0elkySmlJdXZjVUwyQXVCMG0wSlZEeGhDYU5SV1IyWWEyNUNZMmV6NnJlSmRKSDk3bWRuTFlfNHBaXzRidmwzLUxGZ3VSendCOElqaEJUcG95Mjl4T0RWYnIyVUU1MTJ1enZDMktlb0E4dkZqNlctbVBETXl0Y3g2dTZaUE5DbVY3QQ?oc=5) · PR Newswire
- 2026-01-29 [First Federal Bank Mortgage Review 2026 - LendingTree](https://news.google.com/rss/articles/CBMigwFBVV95cUxObVpucjQwQ0hyc2ozSHFVY0Z2MVYwcVRtSEs0dzhpU0pmSGZkWm42SE1nZGsyV0pWcURFeWk0S1lZSjdieUZyTEdqTkYyTEtpT2RjdmJuN3ZleVBNdWhzN2EwcDZLaWJ0Sl9BMFNweDVVMlRvenlqcDhRSFRhTFJJaU1MTQ?oc=5) · LendingTree
- 2026-01-05 [First Federal Bank acquires Fidelity Bank’s mortgage division - HousingWire](https://news.google.com/rss/articles/CBMickFVX3lxTE51Q2tadk5MOHdaRDNtQlphSzZtdmhzckFpNHV0LUdTcG4zWm9kUjVMOE85ZFlOVkFsYUNMeGVPWHE5Yjh6dEZwdDVMMVIyRlZyeG9INWhVOUVyOGRaSDBXVTZraDR2V1FnSHlMZFVfMWFZZw?oc=5) · HousingWire
- 2026-07-28 [First Federal Bank Mortgage Review - U.S. News - Money](https://news.google.com/rss/articles/CBMiggFBVV95cUxNTnRQOVc5OHpoX2ZjX0ZicDF5eUFqd3MzNFUwLWZ5R0pLczh5YmZPaHRCMjJKOTRzc0VfbU9ZbHFaQTRNQmZoRG9jNHJMcDJMRzBrR19XWU9leHAxUXpJOGRfWGZsX2Y5bkRTZWtjd2pIaE5zcVYzLURHTGpBV1I4aU13?oc=5) · U.S. News - Money
- 2026-05-11 [First Federal Bank Mortgage Lenders Review 2026 - NerdWallet](https://news.google.com/rss/articles/CBMifEFVX3lxTE1ybnlRVlk5NDRXdm5jUWtpeDFUbHAxb3lnQjhEZ1RFWHkwTFY1NWNCTlpOY1dHbWN6alRtR3VTb1hKVGw4UzlrbUE0RzRIbE8wRkRtUWJZR0ViRmhKLWxJcktpdFgxWTZ4TWJqb0tpMks1Rmk0dTM4RTlVbUg?oc=5) · NerdWallet
- 2026-06-05 [First Federal Bank sells third-party mortgage origination unit - National Mortgage News](https://news.google.com/rss/articles/CBMipwFBVV95cUxPSGgtLW43Znk1MXM1MDVzb0lzQzFEaDFFZWtuTUZ4N1hRTWYxcjNpdko3QWh2WlhkcjdfckJDSWhwcHZEc2tKLVJ6ajhEX1JtMURTdGg5aHh6V2M0YnplOEpmcWhtZ0tjUUZmeHhzZlVpWi1zWUZCaEtmZUlGcW1DQVJUNmR2SzNSd0t0dC1iMWRMSWpoNEgtdGo3czJEWjdIeHdKNG9Dcw?oc=5) · National Mortgage News
- 2026-01-07 [First Federal Bank Acquires NOLA Lending Group, Fidelity Bank’s Mortgage Division - themortgagepoint.com](https://news.google.com/rss/articles/CBMivAFBVV95cUxNSUM3UlR2bHh5aUV4X3A4TDEyYWNxWktXRmRsdktWckIwdjJKMHpTbUZmOHl1c1k0V0ZsajBpd3FrSDZpSXFwcVFWXzhkRmFIQUlyVmstd1ZWQVEwWHczTXo3dHk1WmhDUnVMaGtocHhNWnpuZHR0UTlOTktsbXpIU3cxb3otcUNZZ242cmZPakEtRWpPdm5QZVU0WW9yRjRuTDE2dTFHZHdlakJjcE85bzJKQlNCZm5iRjlKSQ?oc=5) · themortgagepoint.com
- 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

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=31313 (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/17.json (key "31313", 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