First Federal Savings and Loan Association (Morehead, KY)
BankRegReports is independent of First Federal Savings and Loan Association and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
First Federal Savings and Loan Association is an FDIC-insured savings institution headquartered in Morehead, KY, established in 1963 (FDIC certificate 31409), and it is supervised by the OCC. At Q2 2026 it reported total assets of $41.3M, up 1.9% from Q2 2025, the 118th largest of 120 banks headquartered in Kentucky. Its CET1 capital ratio was 40.77% 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
- 31409
- Headquarters
- Morehead, KY
- Established
- 1963
- Total assets, Q2 2026
- $41.3M
- Assets vs Q2 2025
- +1.9%
- CET1 ratio, Q2 2026
- 40.77%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 242170442
- Latest call report
- Q2 2026, FFIEC 051 · First Federal Savings and Loan Association Q3 2026 call report, filed October 23, 2026 (preliminary)
- Asset rank in state
- 118th of 120 in Kentucky
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 1.53% for the 533 banks with less than $100 million in assets. On the other hand, it funds 25.61% of its assets with Tier 1 capital, about double the median of 12.81% 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%. The figures come from its call report filed with the FFIEC.
First Federal Savings and Loan Association ranks as the 118th largest of the 120 banks based in Kentucky, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 1.2% to $41.3M, loans fell 0.2% and deposits rose 1.3%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 63.3% of total loans, ahead of commercial and industrial loans at 11.3%. The FDIC Summary of Deposits lists a single office for it, in Morehead, KY. On its Q2 2026 call report, First Federal Savings and Loan Association meets every capital ratio test for well capitalized.
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
- Domestic offices
- 1 FDIC institution directory, current count
- 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
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, First Federal Savings and Loan Association's total assets ranged from $36.3M (Q3 2023) to $41.4M (Q3 2025), 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
$41.3M total assets against $40.5M; $30.8M total liabilities against $30.1M.
$36.4M net loans and leases against $35.5M; $30.3M total deposits against $28.3M.
$0 securities against $0; $3.7M cash and balances due against $3.8M.
$624K total interest income against $603K; $216K total interest expense against $232K.
$408K net interest income against $371K.
$0 total noninterest income against $18K; $345K total noninterest expense against $335K.
$3K provision for credit losses against $3K.
$47K net income against $40K.
0.46% return on assets against 0.40%; 3.97% net interest margin against 3.70%.
40.77% CET1 capital ratio against 39.65%; 25.61% tier 1 leverage ratio against 26.11%.
Inside the full First 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.
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
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.04% (Q4 2025) to 0.62% (Q1 2026) and its net interest margin ran from 3.26% (Q4 2024) to 4.02% (Q1 2026).
| 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
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 |
|---|---|---|---|
| First Federal Savings and Loan Association (main office) | Morehead , KY | 40351 | $30.3M |
Regulatory record
Facts as filed or published, not a rating.
- 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.
- 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
Add this badge to your website
Free to use. It shows First Federal Savings and Loan Association’s latest filed figures and updates each quarter.
Similar banks
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.
Where is First Federal Savings and Loan Association headquartered?
It is headquartered in Morehead, KY, United States.
When was First Federal Savings and Loan Association founded?
It was established in 1963, per the FDIC institution directory.
Is First Federal Savings and Loan Association FDIC-insured?
Yes. It 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.
What is First Federal Savings and Loan Association's CET1 capital ratio?
It 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?
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 First Federal Savings and Loan Association's Texas Ratio?
Its Texas Ratio is 10.27% 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.
Go deeper on First Federal Savings and Loan Association.
Get an email when First Federal Savings and Loan Association files its next call report, and benchmark it against any peer you choose.
Unlock First Federal Savings and Loan Association, freeFree account