First Federal Bank

First Federal Bank is headquartered in Dunn and is the 65^th largest bank in the state of North Carolina. It is also the 3,478^th largest bank in the nation. It was established in 1958 and as of September of 2011, it had grown to 72 employees at 7 locations. First Federal Bank has a 3-star health rating.

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Data for Q3 2011

Institution Statistics First Federal Bank OTS # 06343 FDIC Certificate # 31077 BankRate Report View Year Established 1958 Employees 72 Primary Regulator OCC Assets and Liabilities Assets $172.97 million Loans $120.62 million Deposits $150.83 million Equity Capital $19.17 million Loan Loss Allowance $1.48 million Unbacked Noncurrent Loans $1.75 million Real Estate Owned $4.70 million Historic Data - September 2010 Assets $176.65 million Equity Capital $19.78 million Loan Loss Allowance $997,000 Unbacked Noncurrent Loans $4.08 million Real Estate Owned $4.15 million Profit Margin - Quarterly Net Interest Margin 3.66% Return on Assets -0.1% Return on Equity -0.85% Interest Income $5.82 million

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 First Federal Bank had $6.45 million in non-current loans and owned real-estate with $20.66 million in equity and loan loss allowances on hand to cover it. This gives First Federal Bank a Texas Ratio of 31.24% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Federal Bank decreased slightly from 39.61% as of September 30, 2010 to 31.24% as of September 30, 2011, resulting in a positive change of 21.15%.This indicates that the balance sheet and financial strength for First Federal Bank has improved slightly in recent periods. Deposit Growth In the past year, First Federal Bank has decreased its total deposits by $-311,000, resulting in -0.21% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Federal Bank has shown is average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Federal Bank has $172.97 million in assets with $20.66 million in equity, resulting in a capitalization level of 11.94%, which is above average.

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