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2323 Ring Road
Elizabethtown, KY 42701

First Federal Savings Bank of Elizabethtown is headquartered in Elizabethtown and is the 12st largest bank in the state of Kentucky. It is also the 814st largest bank in the nation. It was established in 1923 and as of March of 2014, it had grown to 268 employees at 18 locations. First Federal Savings Bank of Elizabethtown has a C health rating.

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Reviews (2)

Bank Review

Was very unsatisfied. I was not greeted when coming into bank and had a long wait time to been seen.

If You Like To Wait Forever To Do Baking Then This Bank Is For You

So far I've had a horrible experience. Took 17 days to get my debit card in the mail, and it can only be activated at a ATM. No customer service number on the back of the debit card, so if it gets misplaced and someone finds it they cannot call in to report the card. I attempted to call the customer support department to get some information, such as recent transaction on my account, but the phone just kept ringing with no waiting music (really annoying) after waiting 7 minutes for a customer service rep I disconnected the call and decided to try looking everything up online. I signed up for online banking and to my surprise they have a 2 day waiting period before you can even look at your info online. ASAP I'm switching to another FI, I find it unacceptable that for one I can't get a customer service rep on the line in a timely manner. Plus what if I needed to report my card lost or stolen? The criminal would be out using my card and stealing my money. Second, I need to see my info online the same day I sign up! With all the info you have to put in to set up you online banking that should be conformation enough, because again, what if someone stole my card? I'd have no way of reviewing my transactions, not to mention I couldn't get anyone on the phone.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First Federal Savings Bank of Elizabethtown had $22.66 million in non-current loans and owned real-estate with $71.16 million in equity and loan loss allowances on hand to cover it. This gives First Federal Savings Bank of Elizabethtown a Texas Ratio of 31.85% which is 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 Savings Bank of Elizabethtown decreased dramatically from 48.76% as of March 31, 2013 to 31.85% as of March 31, 2014, resulting in a positive change of 34.69%.This indicates that the balance sheet and financial strength for First Federal Savings Bank of Elizabethtown has improved dramatically in recent periods.

Deposit Growth


In the past year, First Federal Savings Bank of Elizabethtown has decreased its total deposits by -$96.14 million, resulting in -11.24% 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 Savings Bank of Elizabethtown has shown is poor.



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 Savings Bank of Elizabethtown has $836.8 million in assets with $71.16 million in equity, resulting in a capitalization level of 8.50%, which is average.

Institution Statistics

FDIC Certificate #28610
Year Established1923
Primary RegulatorFDIC
Assets and Liabilities
Assets$836.80 million
Loans$450.24 million
Deposits$759.38 million
Equity Capital$61.55 million
Loan Loss Allowance$9.61 million
Unbacked Noncurrent Loans$8.95 million
Real Estate Owned$13.71 million
Historic Data - March 2013
Assets$939.85 million
Equity Capital$66.95 million
Loan Loss Allowance$15.81 million
Unbacked Noncurrent Loans$8.95 million
Real Estate Owned$19.71 million
Profit Margin - Quarterly
Net Interest Margin3.05%
Return on Assets0.14%
Return on Equity1.98%
Interest Income$7.27 million

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First Federal Savings Bank of Elizabethtown Savings Account Rates

0.05%$100-Statement Savings
0.01%$1k-HSA Silver Checking
0.01%$100-Passbook Savings
0.01%$100-Christmas Club
0.01%$100-IRA Statement Savings
0.01%$100-HSA Statement Savings
0.01%$50-Moola Moola
0.01%$100-Tax and Insurance Reserve
0.01%$100-Roth IRA Statement Savings
0.01%$100-CESA Statement Savings
0.01%$100-SEP IRA Statement Savings
0.01%$100-Simple IRA Statement Savings

First Federal Savings Bank of Elizabethtown Money Market Rates

0.05%--Premier Money Market
0.05%--Business Sweep Money Market
0.05%--Business Money Market Account

First Federal Savings Bank of Elizabethtown Checking Account Rates

0.05%$10k-Simply 50+ Checking
0.01%$1k-Elite Checking
0.01%$1k-Fresh Start I Checking
0.01%$1k-Fresh Start II Checking
0.01%$1k-Duty First CS Checking
0.01%$1k-Duty First CS II Checking
0.01%--Luxury Checking
0.01%$10k-Commercial Interest Checking
0.01%$1k-PaySound Checking

First Federal Savings Bank of Elizabethtown CD Rates

0.20%$500-5 Year CD
0.15%$500-4 Year CD
0.10%$500-3 Year CD
0.05%$500-3 Month CD
0.05%$500-6 Month CD
0.05%$500-18 Month CD
0.05%$500-30 Month CD
0.05%$500-1 Year CD
0.05%$500-2 Year CD

First Federal Savings Bank of Elizabethtown IRA Rates

0.20%$500-5 Year IRA
0.15%$500-4 Year IRA
0.10%$500-3 Year IRA
0.05%$500-18 Month Variable IRA
0.05%$500-3 Month IRA
0.05%$500-6 Month IRA
0.05%$500-1 Year IRA
0.05%$500-18 Month IRA
0.05%$500-2 Year IRA
0.05%$500-30 Month IRA
0.05%$500-18 Month Simple IRA

First Federal Savings Bank of Elizabethtown has 17 locations. Click to view all First Federal Savings Bank of Elizabethtown locations.