First Federal Savings & Loan Association of Ravenswood


First Federal Savings & Loan Association of Ravenswood is an FDIC insured institution headquartered at 712 Washington St, Ravenswood, WV 26164.
It was founded in 1934 and has approximately $0 billion in assets. Customers can open an account at one of its 1 branches.

Deposit Rates - April 29, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 29490
Date Established 1934
Assets $ 24.32 million
Loans $ 19.55 million
Deposits $ 21.60 million
Capital $ 2.68 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 4.23 million
Interest-bearing balances $ 4.12 million
Total securities $ 0.00 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 19.55 million
Loan loss allowance $ 0.12 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 0.14 million
     Total Assets $ 21.65 million

LIABILITIES
Total deposits $ 21.60 million
      Interest-bearing deposits $ 21.60 million
      Deposits held in domestic offices $ 21.60 million
      % insured (estimated) 98.18%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.08 millionn
      Total Liabilities $ 21.65 million
      Shareholders’ Equity $ 2.68 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 1.11 million
Total Interest Expense $ 0.51 million
Net interest income $ 0.60 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.02 million
Total non interest expense $ 0.54 million
Pre-tax Net Operating Income $ 0.15 million

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Branches

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First Federal Savings & Loan Association of Ravenswood Locations