Blue Grass Federal Savings and Loan Association
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Data as of · sourced from FFIEC call reports. How we update
Blue Grass Federal Savings and Loan Association is an FDIC-insured savings institution headquartered in Paris, KY, established in 1914 (FDIC certificate 31090), and it is supervised by the OCC. At Q2 2026 it reported total assets of $58.5M, up 9.8% from Q2 2025, the 113th largest of 120 banks headquartered in Kentucky. Its CET1 capital ratio was 25.63% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 31090
- Headquarters
- Paris, KY
- Established
- 1914
- Total assets, Q2 2026
- $58.5M
- Assets vs Q2 2025
- +9.8%
- CET1 ratio, Q2 2026
- 25.63%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 242170549
- Latest call report
- Q2 2026, FFIEC 051 · Blue Grass Federal Savings and Loan Association call report
- Holding company
- FIRST MUTUAL HOLDING CO.
- Asset rank in state
- 113th of 120 in Kentucky
Blue Grass Federal Savings and Loan Association pays more for its money than most banks of its size. It reported $59 million in assets at June 30, 2026, up 9.8% from a year earlier. It pays an average of 3.44% on its deposits and borrowings, about double the median of 1.53% for the 533 banks with less than $100 million in assets. On the other hand, it carries problem assets equal to 0.0% of the capital and reserves that would absorb them, lower than about 9 in 10 banks its size (median 1.9%).
Earnings jumped: net income for the quarter was $46,000, 48% above the same quarter a year earlier. Over the same year, loans grew 9.7% and deposits grew 13.6%. Its margin is thin by comparison: it keeps 2.87 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.91 cents).
As of June 30, 2026, Blue Grass Federal Savings and Loan Association reported a CET1 capital ratio of 25.63%, a return on assets of 0.32%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Of the 120 banks headquartered in Kentucky, Blue Grass Federal Savings and Loan Association is the 113th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 1.2% to $58.5M, loans rose 6.5% and deposits rose 1.5%. 1-4 family residential loans made up 70.4% of its total loans on June 30, 2026, its largest category; next came commercial and industrial loans at 7.7%. Its one office in the FDIC Summary of Deposits is in Paris, KY. By the capital ratios in its Q2 2026 call report, Blue Grass Federal Savings and Loan Association meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 600 High St, Paris, KY 40361
- County
- Bourbon
- Metro Area
- Lexington-Fayette, KY
- 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
- January 1, 1914
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 8
- Domestic deposits
- $40.6M
- Allowance for credit losses
- $424K
- Net charge-offs (YTD)
- $0
- Average total assets
- $58.1M
- Average total loans
- $43.9M
- Average interest-bearing deposits
- $36.2M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 31090
- Fed RSSD
- 617079
- SEC CIK
- 1729623 → filed by FIRST MUTUAL HOLDING CO.
- Website
- bluegrassfederal.bank →
- Parent Holding Company
- FIRST MUTUAL HOLDING CO. (RSSD 4843090)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Blue Grass Federal Savings and Loan Association's total assets ranged from $51.6M (Q4 2023) to $58.5M (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$58.5M total assets against $53.3M; $49.1M total liabilities against $44.2M.
$44.6M net loans and leases against $40.7M; $40.6M total deposits against $35.7M.
$4.0M securities against $3.1M; $6.5M cash and balances due against $6.3M.
$730K total interest income against $659K; $337K total interest expense against $309K.
$393K net interest income against $350K.
$42K total noninterest income against $31K; $358K total noninterest expense against $332K.
$20K provision for credit losses against $11K.
$46K net income against $31K.
0.32% return on assets against 0.23%; 2.87% net interest margin against 2.74%.
25.63% CET1 capital ratio against 27.15%; 15.91% tier 1 leverage ratio against 16.92%.
Inside the full Blue Grass Federal Savings and Loan Association terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, 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.
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.
Blue Grass Federal Savings and Loan Association rankings
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.14% (Q3 2024) to 0.32% (Q2 2026) and its net interest margin ran from 2.56% (Q3 2024) to 2.87% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 25.63% | 0.32% | 0.00% | 0.00% | 2.87% |
| Q1 2026 | 26.01% | 0.26% | 0.00% | 0.00% | 2.69% |
| Q4 2025 | 25.77% | 0.24% | 0.00% | 0.02% | 2.76% |
| Q3 2025 | 26.50% | 0.25% | 0.00% | 0.00% | 2.86% |
| Q2 2025 | 27.15% | 0.23% | 0.00% | 0.00% | 2.74% |
| Q1 2025 | 27.62% | 0.25% | 0.00% | 0.00% | 2.66% |
| Q4 2024 | 28.28% | 0.26% | 0.00% | 0.00% | 2.66% |
| Q3 2024 | 27.10% | 0.14% | 0.00% | 0.00% | 2.56% |
Swipe the table sideways to see every column.
Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Blue Grass Federal Savings and Loan Association (main office) | Paris , KY | 40361 | $40.6M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (OCC)
- February 17, 2016, OCC: Formal Agreement: Blue Grass FS & LA
- Period: Most recent institution action February 17, 2016. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in KY, rank 142 of 152 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Blue Grass Federal Savings and Loan Association
What are Blue Grass Federal Savings and Loan Association's total assets?
As of the Q2 2026 filing, Blue Grass Federal Savings and Loan Association reported total assets of $58.5 million in its FFIEC call report.
Where is Blue Grass Federal Savings and Loan Association headquartered?
It is headquartered in Paris, KY, United States.
When was Blue Grass Federal Savings and Loan Association founded?
It was established in 1914, per the FDIC institution directory.
Is Blue Grass Federal Savings and Loan Association FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #31090). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Blue Grass Federal Savings and Loan Association?
Blue Grass Federal Savings and Loan Association's primary federal regulator is the OCC.
What is Blue Grass Federal Savings and Loan Association's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 25.63% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Blue Grass Federal Savings and Loan Association operate?
It 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 Blue Grass Federal Savings and Loan Association's Texas Ratio?
Its Texas Ratio is 0.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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