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First Federal Savings & Loan Association of Ravenswood

First Federal Savings & Loan Association of Ravenswood
Overview / Commentary
712 Washington Street
Ravenswood, WV 26164

First Federal Savings & Loan Association of Ravenswood is headquartered in Ravenswood and is the 61st largest bank in the state of West Virginia. It is also the 6,662nd largest bank in the nation. It was established in 1934 and as of March of 2014, it had grown to 4 employees at 1 location. First Federal Savings & Loan Association of Ravenswood has a B health rating.

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Health

Data for Q1 2014

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. First Federal Savings & Loan Association of Ravenswood has a low asset base.

Texas Ratio

GRADE:
A+

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 & Loan Association of Ravenswood had $0 in non-current loans and owned real-estate with $1.5 million in equity and loan loss allowances on hand to cover it. This gives First Federal Savings & Loan Association of Ravenswood a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
A+

In the past year, First Federal Savings & Loan Association of Ravenswood has increased its total deposits by $998,000, resulting in 7.85% 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 & Loan Association of Ravenswood has shown is excellent.

Capitalization

GRADE:
C+

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 & Loan Association of Ravenswood has $15.85 million in assets with $1.5 million in equity, resulting in a capitalization level of 9.47%, which is average.

Institution Statistics

Overall
FDIC Certificate #29490
Year Established1934
Employees4
Primary RegulatorOCC
Assets and Liabilities
Assets$15.85 million
Loans$11.32 million
Deposits$13.71 million
Equity Capital$1.48 million
Loan Loss Allowance$20,000
Real Estate Owned$0
Historic Data - March 2013
Assets$14.37 million
Equity Capital$1.41 million
Loan Loss Allowance$19,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.5%
Return on Assets0.66%
Return on Equity7.08%
Interest Income$164,000
Rates

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Locations


First Federal Savings & Loan Association of Ravenswood Locations
First Federal Savings & Loan Association Of Ravens712 Washington StreetRavenswood, WV 26164