First Federal Savings and Loan Association (Morehead, KY): Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Problem loans are rising at First Federal Savings and Loan Association. It reported $41 million in assets at June 30, 2026, up 1.9% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 3.07% of loans from 1.93% a year earlier. It pays an average of 2.90% on its deposits and borrowings, about double the median of 1.54% for the 583 banks with less than $100 million in assets. It also carries problem assets equal to 10.3% of the capital and reserves that would absorb them, 7.4 times the median of 1.4% for banks its size.
Delinquency has appeared in its $4.2 million commercial and industrial book: 1.67% of those loans are past due or on nonaccrual, against almost none a year earlier. Deposits are coming in faster than loans: over the year loans rose 2.5% and deposits rose 7.1%. Profitability lags: it returns 1.8% a year on shareholders' equity, a small fraction of the median of 8.6% for banks its size.
As of June 30, 2026, First Federal Savings and Loan Association reported a CET1 capital ratio of 40.77%, a return on assets of 0.46%, a nonperforming-loan ratio of 3.07% and a Texas ratio of 10.27%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 211 W Main St, Morehead, KY 40351
- County
- Rowan
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- —
- Federal Reserve district
- District 4, Cleveland
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- August 12, 1963
- Offices
- 1 domestic
- Employees (FTE)
- 6
- Domestic deposits
- $30.3M
- Allowance for credit losses
- $456K
- Net charge-offs (YTD)
- $0
- Average total assets
- $41.2M
- Average total loans
- $37.5M
- Average interest-bearing deposits
- $29.7M
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 31409
- Fed RSSD
- 411174
- Website
- www.firstfederalmorehead.com →
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full First Federal Savings and Loan Association terminal
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Unlock First Federal Savings and Loan Association, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
First Federal Savings and Loan Association rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 40.77% | 0.46% | 3.07% | 10.27% | 3.97% |
| Q1 2026 | 38.68% | 0.62% | 2.14% | 7.22% | 4.02% |
| Q4 2025 | 39.31% | 0.04% | 2.23% | 7.43% | 3.63% |
| Q3 2025 | 38.81% | 0.24% | 1.84% | 6.16% | 3.48% |
| Q2 2025 | 39.65% | 0.40% | 1.93% | 6.38% | 3.70% |
| Q1 2025 | 39.27% | 0.26% | 1.63% | 5.42% | 3.49% |
| Q4 2024 | 38.89% | 0.16% | 1.70% | 5.66% | 3.26% |
| Q3 2024 | 39.97% | 0.22% | 1.69% | 5.55% | 3.31% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View the branch →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First Federal Savings and Loan Association (main office) | Morehead , KY | 40351 | $30.3M |
Regulatory record
What the public regulatory sources show for First Federal Savings and Loan Association, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- None against the institution on file; 1 against individuals associated with it
- Period: Most recent action August 23, 2023. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in KY, rank 145 of 152 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- Not on file: no HMDA filing matched
- Period: not on file. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- Not on file: no SBA 7(a) loans matched
- Period: not on file. Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about First Federal Savings and Loan Association
What are First Federal Savings and Loan Association's total assets?
As of the Q2 2026 filing, First Federal Savings and Loan Association reported total assets of $41.3 million in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is First Federal Savings and Loan Association headquartered?
First Federal Savings and Loan Association is headquartered in Morehead, KY, United States. It files quarterly FFIEC call reports, as every FDIC-insured savings institution must.
When was First Federal Savings and Loan Association founded?
First Federal Savings and Loan Association was established in 1963, per the FDIC institution directory.
Is First Federal Savings and Loan Association FDIC-insured?
Yes. First Federal Savings and Loan Association is an FDIC-insured savings institution (FDIC Certificate #31409). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Federal Savings and Loan Association?
First Federal Savings and Loan Association's primary federal regulator is the OCC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is First Federal Savings and Loan Association's CET1 capital ratio?
First Federal Savings and Loan Association reported a Common Equity Tier 1 (CET1) capital ratio of 40.77% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First Federal Savings and Loan Association operate?
First Federal Savings and Loan Association operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Federal Savings and Loan Association's Texas Ratio?
First Federal Savings and Loan Association's Texas Ratio is 10.27% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
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