First Federal Bank (Lake City, FL)
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Data as of · sourced from FFIEC call reports. How we update
First Federal Bank is an FDIC-insured savings institution headquartered in Lake City, FL, established in 1961 (FDIC certificate 31313), and it is supervised by the OCC. At Q2 2026 it reported total assets of $4.49B, up 6.9% from Q2 2025, the 12th largest of 81 banks headquartered in Florida. Its CET1 capital ratio was 20.56% 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
- 31313
- Headquarters
- Lake City, FL
- Established
- 1961
- Total assets, Q2 2026
- $4.49B
- Assets vs Q2 2025
- +6.9%
- CET1 ratio, Q2 2026
- 20.56%
- Domestic offices
- 30 FDIC institution directory, current count
- Routing number
- 263184488
- Latest call report
- Q2 2026, FFIEC 041 · First Federal Bank call report
- Holding company
- FIRST FEDERAL BANCORP, INC.
- Asset rank in state
- 12th of 81 in Florida
First Federal Bank carries far more capital than most banks of its size. Based in Lake City, Florida, it had $4.5 billion in assets at June 30, 2026, up 6.9% from a year earlier. It holds common equity equal to 20.56% of its risk-weighted assets, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 13.52%). It also holds commercial real estate loans equal to only 49% of its capital, a small fraction of the median of 2.2 times for banks its size.
Net income for the quarter rose 30% from a year earlier, to $13 million. Its $184 million non-owner-occupied commercial real estate book is improving, with 0.07% past due or on nonaccrual, down from 1.23% a year earlier. Funding is the softer spot: it holds about two-fifths of its deposits (41%) above the FDIC insurance limit, higher than about three-quarters of banks its size (median 30.9%).
As of June 30, 2026, First Federal Bank reported a CET1 capital ratio of 20.56%, a return on assets of 1.15%, a nonperforming-loan ratio of 2.96% and a Texas ratio of 2.70%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First Federal Bank is the 12th largest of the 81 banks headquartered in Florida. From Q1 2026 to Q2 2026, its total assets rose 2.4% to $4.49B, loans rose 4.8% and deposits fell 0.6%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 34.7% of total loans, ahead of loans to nondepository financial institutions at 16.4%. Its 27 offices in the FDIC Summary of Deposits are in 19 cities across 2 states; its Lake City 3 offices book 46% of its branch deposits. Judged on its Q2 2026 call report, First Federal Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 4705 W Us Highway 90, Lake City, FL 32055
- County
- Columbia
- Metro Area
- Lake City, FL
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- —
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- January 1, 1961
- Former names
- First Federal Bank of Florida (2007-2018); First Federal Savings Bank of Florida (1987-2007)
- Domestic offices
- 30 FDIC institution directory, current count
- Employees (FTE)
- 602
- Domestic deposits
- $3.44B
- Allowance for credit losses
- $10.9M
- Net charge-offs (YTD)
- $776K
- Average total assets
- $4.50B
- Average total loans
- $1.41B
- Average interest-bearing deposits
- $3.33B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 31313
- Fed RSSD
- 384278
- Website
- www.ffbf.com →
- Parent Holding Company
- FIRST FEDERAL BANCORP, INC. (RSSD 3839201)
- Ultimate Parent
- FIRST FEDERAL BANCORP, MHC (RSSD 3846405)
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
First Federal Bank's total assets moved between a low of $3.74B (Q3 2023) and a high of $4.49B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$4.49B total assets against $4.19B; $4.02B total liabilities against $3.80B.
$1.42B net loans and leases against $1.36B; $3.44B total deposits against $3.21B.
$2.52B securities against $2.36B; $81.6M cash and balances due against $67.6M.
$52.4M total interest income against $49.0M; $18.5M total interest expense against $19.1M.
$33.8M net interest income against $30.0M.
$15.7M total noninterest income against $12.4M; $33.4M total noninterest expense against $29.3M.
$429K provision for credit losses against $281K.
$13.0M net income against $10.0M.
1.15% return on assets against 0.94%; 3.45% net interest margin against 3.11%.
20.56% CET1 capital ratio against 20.38%; 10.83% tier 1 leverage ratio against 10.77%.
Inside the full First Federal Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst Federal Bank rankings
Its closest position to the top of a national ranking is 302 of 4,196, for total assets; its furthest is 2,446 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.78% (Q4 2025) to 1.22% (Q1 2026) and its net interest margin ran from 2.97% (Q4 2025) to 3.45% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 20.56% | 1.15% | 2.96% | 2.70% | 3.45% |
| Q1 2026 | 21.03% | 1.22% | 3.29% | 3.18% | 3.29% |
| Q4 2025 | 20.66% | -0.78% | 3.18% | 3.71% | 2.97% |
| Q3 2025 | 21.95% | 1.11% | 4.12% | 4.14% | 3.08% |
| Q2 2025 | 20.38% | 0.94% | 2.94% | 3.05% | 3.11% |
| Q1 2025 | 21.27% | 1.03% | 3.79% | 1.92% | 3.01% |
| Q4 2024 | 20.16% | 0.88% | 3.68% | 1.87% | 3.00% |
| Q3 2024 | 20.13% | 1.05% | 3.52% | 1.89% | 3.04% |
Swipe the table sideways to see every column.
Branch Network
View all 27 branches → 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 |
|---|---|---|---|
| First Federal Bank (main office) | Lake City , FL | 32055 | $1.19B |
| South Ohio Avenue Branch | Live Oak , FL | 32064 | $532.2M |
| 1255 South First Street Branch | Lake City , FL | 32025 | $251.5M |
| Fernandina Main Office Branch | Fernandina Beach , FL | 32034 | $228.5M |
| Highway 90 W. Branch | Lake City , FL | 32055 | $154.8M |
| Macclenny Branch | Macclenny , FL | 32063 | $143.9M |
| Bonifay Branch | Bonifay , FL | 32425 | $104.7M |
| First Federal Bank of Florida Branch | Panama City , FL | 32407 | $98.0M |
| Jasper Branch | Jasper , FL | 32052 | $87.4M |
| Chipola Community Branch | Marianna , FL | 32446 | $85.7M |
| Ocala First Avenue Branch | Ocala , FL | 34471 | $75.0M |
| Marianna West Office | Marianna , FL | 32446 | $72.1M |
| Sea Island Branch | Beaufort , SC | 29907 | $68.5M |
| Chipley Branch | Chipley , FL | 32428 | $52.0M |
| Yulee Branch | Yulee , FL | 32097 | $50.7M |
| Highway 51 N. Branch | Mayo , FL | 32066 | $38.9M |
| Graceville Branch | Graceville , FL | 32440 | $31.9M |
| Dowling Park Branch | Dowling Park , FL | 32060 | $30.5M |
| Port Royal Branch | Port Royal , SC | 29935 | $25.4M |
| Live Oak Branch | Live Oak , FL | 32064 | $23.6M |
| Oak Hammock Branch | Gainesville , FL | 32608 | $22.6M |
| Hwy 40 Branch | Ocala , FL | 34482 | $20.7M |
| Wildlight Branch | Yulee , FL | 32097 | $18.1M |
| Gainesville | Gainesville , FL | 32608 | $16.2M |
| Touchton Road Branch | Jacksonville , FL | 32246 | $11.7M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| April 3, 2018 | Structure Change | Acquired CBC National Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 2, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 31, 2013 | Structure Change | Acquired Bank of Jackson County Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| October 30, 2013 | Merger | Participated in FDIC Assisted Merger | FDIC |
| April 20, 2013 | Structure Change | Acquired Chipola Community Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| April 19, 2013 | Merger | Participated in FDIC Assisted Merger | FDIC |
| May 8, 2010 | Structure Change | Acquired The Bank of Bonifay Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| May 7, 2010 | Merger | Participated in FDIC Assisted Merger | FDIC |
| October 24, 2009 | Structure Change | Acquired Flagship National Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| October 23, 2009 | Merger | Participated in FDIC Assisted Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 10 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (OCC (former OTS))
- October 21, 1992, OCC (former OTS): Supervisory Agreement: First Federal Savings Bank of Florida
- Period: Most recent institution action October 21, 1992. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.4% of deposits in FL, rank 32 of 186 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 7,953 applications, 4,687 loans originated, $1.80B originated, across 51 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 14 loans, $8.7M approved, $621K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- 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 First Federal Bank
What are First Federal Bank's total assets?
As of the Q2 2026 filing, First Federal Bank reported total assets of $4.49 billion in its FFIEC call report.
Where is First Federal Bank headquartered?
It is headquartered in Lake City, FL, United States.
When was First Federal Bank founded?
It was established in 1961, per the FDIC institution directory.
Is First Federal Bank FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #31313). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Federal Bank?
First Federal Bank's primary federal regulator is the OCC.
What is First Federal Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 20.56% 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 Bank operate?
It operates 30 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Federal Bank's Texas Ratio?
Its Texas Ratio is 2.70% 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.
What was First Federal Bank previously called?
The charter now named First Federal Bank has also operated as First Federal Bank of Florida (2007-2018), First Federal Savings Bank of Florida (1987-2007), per FDIC structure-change records.
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