First Federal Savings and Loan Association of Lorain
First Federal Savings and Loan Association of Lorain is an FDIC insured institution headquartered at
3721 Oberlin Ave, Lorain, OH 44053.
It was founded in
1921 and has approximately $1 billion in
assets. Customers can open an account at one of its 7 branches.
Deposit Rates - April 18, 2024
SAVINGS RATES | APY | MIN | |
---|---|---|---|
Savings
|
0.06% | $10 | Compare |
CD RATES | APY | MIN | |
---|---|---|---|
6 Mo CD
|
0.08% | $250 | Compare |
6 Mo CD
|
0.08% | $100,000 | Compare |
Special: 8 Mo CD
|
0.30% | $250 | Compare |
12 Mo CD
|
0.10% | $250 | Compare |
12 Mo CD
|
0.25% | $100,000 | Compare |
Special: 14 Mo CD
|
0.50% | $250 | Compare |
18 Mo CD
|
0.15% | $250 | Compare |
18 Mo CD
|
0.25% | $100,000 | Compare |
24 Mo CD
|
0.25% | $250 | Compare |
24 Mo CD
|
0.30% | $100,000 | Compare |
30 Mo CD
|
0.30% | $250 | Compare |
30 Mo CD
|
0.30% | $100,000 | Compare |
36 Mo CD
|
0.30% | $250 | Compare |
36 Mo CD
|
0.30% | $100,000 | Compare |
48 Mo CD
|
0.30% | $250 | Compare |
48 Mo CD
|
0.30% | $100,000 | Compare |
60 Mo CD
|
0.30% | $100,000 | Compare |
MM RATES | APY | MIN | |
---|---|---|---|
Money Market
|
0.10% | $2,500 | Compare |
FIXED IRA RATES | APY | MIN |
---|---|---|
Special: 8 Mo FIRA
|
0.30% | $250 |
Special: 14 Mo FIRA
|
0.50% | $250 |
INT CHECKING RATES | APY | MIN |
---|---|---|
Int Ckg
|
0.05% | $2,500 |
Loan Rates - April 18, 2024
MORTGAGE PURCHASE | APR(%) | MONTHLY PAYMENT |
---|---|---|
5 Year Adjustable Conforming
|
8.25% | $2,128.97 |
15 Year Fixed Jumbo
|
6.93% | $2,854.82 |
15 Year Fixed Conforming
|
7.00% | $2,854.82 |
20 Year Fixed Jumbo
|
7.30% | $2,529.20 |
20 Year Fixed Conforming
|
7.34% | $2,529.20 |
30 Year Fixed Jumbo
|
7.41% | $2,211.25 |
30 Year Fixed Conforming
|
7.44% | $2,211.25 |
MORTGAGE REFINANCE | APR(%) | MONTHLY PAYMENT |
---|---|---|
5 Year Adjustable Conforming
|
8.25% | $2,128.97 |
15 Year Fixed Jumbo
|
6.93% | $2,854.82 |
15 Year Fixed Conforming
|
7.00% | $2,854.82 |
20 Year Fixed Jumbo
|
7.30% | $2,529.20 |
20 Year Fixed Conforming
|
7.34% | $2,529.20 |
30 Year Fixed Jumbo
|
7.41% | $2,211.25 |
30 Year Fixed Conforming
|
7.44% | $2,211.25 |
HOME EQUITY RATES | APR(%) | MONTHLY PAYMENT | ||
---|---|---|---|---|
Line of Credit
|
5.50% | Varies | ||
Compare with 7.49 RATE Line of Credit from Third Federal Savings and Loan | ||||
Compare with RATE Line of Credit from AmeriSave Mortgage Corporation | ||||
Compare with RATE Line of Credit from Figure Home Equity Line | ||||
Compare with RATE Line of Credit from Renovation Finance LLC DBA Renofi |
Overview 2024
General Bank Information
FDIC Insured | Yes |
FDIC Certificate | # 29838 |
Date Established | 1921 |
Assets | $ 530.04 million |
Loans | $ 354.02 million |
Deposits | $ 420.45 million |
Capital | $ 51.93 million |
Summary Balance Sheet as of June 30, 2023
ASSETS | |
Cash & Balances due from depository institutions | $ 11.57 million |
Interest-bearing balances | $ 5.06 million |
Total securities | $ 131.21 million |
Federal funds sold and reverse repurchase | N.A. |
Net loans and leases | $ 354.02 million |
Loan loss allowance | $ 1.70 million |
Trading account assets | N.A. |
Bank premises and fixed assets | N.A. |
Other real estate owned | N.A. |
Goodwill and other intangibles | $ 0.26 million |
All other assets | $ 28.21 million |
Total Assets | $ 478.11 million |
LIABILITIES | |
Total deposits | $ 420.45 million |
Interest-bearing deposits | $ 378.34 million |
Deposits held in domestic offices | $ 420.45 million |
% insured (estimated) | 95.88% |
Federal funds purchased and repurchase agreements | N.A. |
Trading liabilities | N.A. |
Other borrowed funds | $ 40.00 million |
Subordinated debt | N.A. |
All other liabilities | $ 3.00 millionn |
Total Liabilities | $ 478.11 million |
Shareholders’ Equity | $ 51.93 million |
Summary Income Statement as of June 30, 2023
INCOME AND EXPENSES | |
Total Interest Income | $ 17.03 million |
Total Interest Expense | $ 8.78 million |
Net interest income | $ 8.25 million |
Provision for loan and lease losses | N.A. |
Total non interest income | $ 2.04 million |
Total non interest expense | $ 13.96 million |
Pre-tax Net Operating Income | N.A. |
Customer Reviews for First Federal Savings and Loan Association of Lorain
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