First Federal Savings of Lorain

Overview / Commentary

www.fflorain.bank

440-282-6188

3721 Oberlin Avenue
Lorain, OH 44053-2761

First Federal Savings of Lorain is headquartered in LORAIN and is the 53^rd largest bank in the state of Ohio. It is also the 1,730^th largest bank in the nation. It was established in 1921 and as of June of 2024, it had grown to 84 employees at 6 locations. First Federal Savings of Lorain's money market rates are 9X the national average, and it has a B+ health rating.

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Health

B+

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #	29838
Year Established	1921
Employees	84
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	-0.79%
Return on Equity - YTD	-8.24%
Annual Interest Income	$8.7MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$521.5MM$538.7MM
Loans	Q2 2024vs Q2 2023	$345.9MM$358.8MM
Deposits	Q2 2024vs Q2 2023	$418.6MM$435.1MM
Equity Capital	Q2 2024vs Q2 2023	$49.8MM$51.2MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$1.7MM$1.7MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$3.2MM$3.1MM
Real Estate Owned	Q2 2024vs Q2 2023	$0$0

Rates

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Savings
Money Market
Checking
CD
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Federal Savings of Lorain Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.08%	$10	-	1st E-Advantage
0.08%	$10	-	Student Savings
0.06%	$10	-	Christmas Club Savings
0.04%	$10	-	Statement Savings
0.04%	$10	-	Kids Club Savings
0.02%	$0	-	Savings IRA

First Federal Savings of Lorain Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
3.75%^*	$100k^*	-	Choice Money Market
OTHER TIERS: 1.00% → $10k - $25k \| 2.00% → $25k - $50k \| 3.00% → $50k - $100k
0.08%^*	$2.5k^*	-	Insured Money Market Fund
OTHER TIERS: 0.03% → $100 - $2.5k

First Federal Savings of Lorain Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.08%	$250	-	1st Classic Advantage: eStatement
0.03%	$100	-	NOW Checking Account
0.02%	$250	-	1st Classic Advantage: Paper Statement

First Federal Savings of Lorain CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.00%	$250	-	8 Month CD Special
4.50%	$250	-	11 Month CD Special
4.00%	$250	-	15 Month CD Special
0.30%	$250	-	2.5 Year CD
0.30%	$250	-	3 Year CD
0.30%	$250	-	4 Year CD
0.30%	$100k	-	2+ Year Jumbo CD
0.25%	$250	-	2 Year CD
0.25%	$100k	-	1-2 Year Jumbo CD
0.15%	$250	-	1.5 Year CD
0.10%	$250	-	1 Year CD
0.10%	$100k	-	271-365 Day Jumbo CD
0.08%	$250	-	182 Day CD
0.08%	$100k	-	90-179 Day Jumbo CD
0.08%	$100k	-	180-270 Day Jumbo CD
0.03%	$250	-	91 Day CD

First Federal Savings of Lorain IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%	$250	-	2.5 Year IRA
0.30%	$250	-	3 Year IRA
0.30%	$250	-	4 Year IRA
0.30%	$100k	-	2+ Year Jumbo IRA
0.25%	$250	-	2 Year IRA
0.25%	$100k	-	1-2 Year Jumbo IRA
0.15%	$250	-	1.5 Year IRA
0.10%	$250	-	1 Year IRA
0.10%	$100k	-	271-365 Day Jumbo IRA
0.08%	$250	-	182 Day IRA
0.08%	$100k	-	90-179 Day Jumbo IRA
0.08%	$100k	-	180-270 Day Jumbo IRA
0.03%	$250	-	91 Day IRA

Locations

First Federal Savings of Lorain Locations
Huron Branch	107 Liberty Drive	Huron, OH 44839
1180 Park Avenue Branch	1180 Park Avenue	Amherst, OH 44001
Port Clinton Branch	1840 East Perry Street	Port Clinton, OH 43452
Sandusky Branch	207 West Washington Row	Sandusky, OH 44870
2233 East 42nd Street Branch	2233 East 42nd Street	Lorain, OH 44055
36690 Detroit Road Branch	36690 Detroit Road	Avon, OH 44011
First Federal Savings and Loan Association Of Lora	3721 Oberlin Ave	Lorain, OH 44053

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