First Federal Savings Bank of Elizabethtown

First Federal Savings Bank of Elizabethtown Locations
2323 Ring Road
Elizabethtown, KY 42701
(800) 314-BANK (2265)
www.ffsbky.com



First Federal Savings Bank of Elizabethtown is headquartered in Elizabethtown and is the 8th largest bank in the state of Kentucky. It is also the 545th largest bank in the nation. It was established in 1923 and as of March of 2012, it had grown to 311 employees at 23 locations. First Federal Savings Bank of Elizabethtown has a 2-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

First Federal Savings Bank of Elizabethtown Checking Account Rates

ApyMinMaxProduct
0.25%$100k-Elite 50 Plus Checking
0.25%$100k-Luxury Checking
0.25%$100k-Loyalty Checking
0.21%$25k-Commercial Interest Checking
0.11%$100k-Fresh Start I Checking
0.11%$100k-Fresh Start II Checking
0.11%$100k-Duty First CS Checking
0.11%$100k-Duty First CS II Checking
0.05%$25k-Extra Checking
0.05%$10k-Elite Checking

First Federal Savings Bank of Elizabethtown Savings Account Rates

ApyMinMaxProduct
0.21%$5k-HSA Silver Checking
0.11%$100-Passbook Savings
0.11%$100-Statement Savings
0.11%$100-IRA Statement Savings
0.11%$100-HSA Statement Savings
0.11%$100-Tax and Insurance Reserve
0.11%$100-Roth IRA Statement Savings
0.11%$100-CESA Statement Savings
0.11%$100-SEP IRA Statement Savings
0.11%$100-Simple IRA Statement Savings
0.07%$100-Christmas Club
0.07%$50-Moola Moola

First Federal Savings Bank of Elizabethtown Money Market Rates

ApyMinMaxProduct
0.51%$500k-Premier Money Market
0.41%$250k-Business Sweep Money Market
0.41%$250k-Business Money Market Account

First Federal Savings Bank of Elizabethtown CD Rates

ApyMinMaxProduct
1.70%$500-10 Year CD
1.60%$500-5 Year CD
1.45%$500-4 Year CD
1.25%$500-3 Year CD
1.18%$500-30 Month CD
1.10%$500-2 Year CD
0.85%$500-18 Month CD
0.75%$500-1 Year CD
0.51%$500-6 Month CD
0.25%$500-3 Month CD

First Federal Savings Bank of Elizabethtown IRA Rates

ApyMinMaxProduct
1.70%$500-10 Year IRA
1.70%$500-10 Year Roth IRA
1.70%$500-10 Year SEP IRA
1.70%$500-10 Year CESA
1.70%$500-10 Year Simple IRA
1.60%$500-5 Year IRA
1.60%$500-5 Year Roth IRA
1.60%$500-5 Year SEP IRA
1.60%$500-5 Year CESA
1.60%$500-5 Year Simple IRA
1.45%$500-4 Year IRA
1.45%$500-4 Year Roth IRA
1.45%$500-4 Year SEP IRA
1.45%$500-4 Year CESA
1.45%$500-4 Year Simple IRA
1.25%$500-3 Year IRA
1.25%$500-3 Year Roth IRA
1.25%$500-3 Year SEP IRA
1.25%$500-3 Year CESA
1.25%$500-3 Year Simple IRA
1.18%$500-30 Month IRA
1.18%$500-30 Month Roth IRA
1.18%$500-30 Month SEP IRA
1.18%$500-30 Month CESA
1.18%$500-30 Month Simple IRA
1.10%$500-2 Year IRA
1.10%$500-2 Year Roth IRA
1.10%$500-2 Year SEP IRA
1.10%$500-2 Year CESA
1.10%$500-2 Year Simple IRA
0.85%$500-18 Month IRA
0.85%$500-18 Month Roth IRA
0.85%$500-18 Month SEP IRA
0.85%$500-18 Month CESA
0.85%$500-18 Month Simple IRA
0.80%$500-18 Month Variable IRA
0.80%$500-18 Month Variable Roth IRA
0.80%$500-18 Month Variable SEP IRA
0.80%$500-18 Month Variable CESA
0.75%$500-1 Year IRA
0.75%$500-1 Year Roth IRA
0.75%$500-1 Year SEP IRA
0.75%$500-1 Year CESA
0.75%$500-1 Year Simple IRA
0.51%$500-6 Month IRA
0.51%$500-6 Month Roth IRA
0.51%$500-6 Month SEP IRA
0.51%$500-6 Month CESA
0.51%$500-6 Month Simple IRA
0.25%$500-3 Month IRA
0.25%$500-3 Month Roth IRA
0.25%$500-3 Month SEP IRA
0.25%$500-3 Month CESA
0.25%$500-3 Month Simple IRA

Rates updated: 5/25/2012

Data for Q1 2012


Institution Statistics


First Federal Savings Bank of Elizabethtown
FDIC Certificate #28610
BankRate ReportView
Year Established1923
Employees311
Primary RegulatorFDIC

Assets and Liabilities

Assets$1.21 billion
Loans$676.30 million
Deposits$1.10 billion
Equity Capital$74.07 million
Loan Loss Allowance$17.60 million
Unbacked Noncurrent Loans$39.52 million
Real Estate Owned$30.08 million

Historic Data - March 2011

Assets$1.29 billion
Equity Capital$89.08 million
Loan Loss Allowance$24.59 million
Unbacked Noncurrent Loans$44.90 million
Real Estate Owned$24.91 million

Profit Margin - Quarterly

Net Interest Margin2.76%
Return on Assets0.05%
Return on Equity0.89%
Interest Income$11.91 million

Institution Health


Overall Score:
2 out of 5
2
Texas Ratio2
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 March 31, 2012 First Federal Savings Bank of Elizabethtown had $69.6 million in non-current loans and owned real-estate with $91.66 million in equity and loan loss allowances on hand to cover it. This gives First Federal Savings Bank of Elizabethtown a Texas Ratio of 75.93% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for First Federal Savings Bank of Elizabethtown increased slightly from 61.41% as of March 31, 2011 to 75.93% as of March 31, 2012, resulting in a negative change of 23.64%. This indicates that the balance sheet and financial strength for First Federal Savings Bank of Elizabethtown has declined slightly in recent periods.
Deposit Growth1
In the past year, First Federal Savings Bank of Elizabethtown has decreased its total deposits by -$67.11 million, resulting in -5.75% 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.
Capitalization2
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 $1.21 billion in assets with $91.66 million in equity, resulting in a capitalization level of 7.60%, which is below average.
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