Bank Safety Analysis
Is First Federal Savings and Loan Association Safe? Morehead, Kentucky
Based on its Q2 2026 call report, First Federal Savings and Loan Association meets every capital ratio test for well capitalized, its Texas ratio is 10.27%, and its deposits are FDIC insured up to $250,000 per depositor.
BankRegReports is independent of First Federal Savings and Loan Association and never asks for online banking logins or passwords.
Short answer: is First Federal Savings and Loan Association safe?
On its Q2 2026 call report, First Federal Savings and Loan Association's CET1 ratio is 40.77%, above the 6.5% well-capitalized threshold.
- CET1 ratio (Q2 2026): 40.77%
- Tier 1 leverage ratio (Q2 2026): 25.61%
- Texas ratio (Q2 2026): 10.27%
- Noncurrent loans ratio (Q2 2026): 3.07%
First Federal Savings and Loan Association is an FDIC-insured savings institution (FDIC Certificate #31409). FDIC insurance covers $250,000 per depositor, per insured bank, per ownership category.
Source: the FFIEC call report First Federal Savings and Loan Association (FDIC Certificate #31409) filed for the quarter ended June 30, 2026. BankRegReports computes every ratio on this page from that filing.
Context: largest US bank failures.
First Federal Savings and Loan Association is outside the pass range on 1 of 5 safety dimensions: asset quality. Capital and leverage are above their regulatory minimums. The failed band is a BankRegReports band, not a supervisory threshold. 2 risk screens are flagged: non-performing loan ratio and loan-to-deposit ratio.
Nonperforming loan ratio (nonaccrual plus 90+ days past due) climbed 0.92 percentage points in Q2 2026, from 2.14% to 3.07%. It was the largest change from Q1 2026 among the key lines here. Among 69 Kentucky banks, First Federal Savings and Loan Association sits 3rd from the top on CET1 ratio, 40.77% as of Q2 2026. First Federal Savings and Loan Association's CET1 ratio of 40.77% is well above the 19.96% median for banks in the < $100M asset tier, a gap of 20.81 points (Q2 2026). From Q3 2023 to Q2 2026, First Federal Savings and Loan Association's CET1 ratio ranged between 38.68% (Q1 2026) and 42.08% (Q3 2023) and its Texas ratio ranged between 5.34% (Q2 2024) and 10.27% (Q2 2026). Between Q2 2025 and Q2 2026, First Federal Savings and Loan Association's CET1 ratio rose from 39.65% to 40.77%, nonperforming loan ratio (nonaccrual plus 90+ days past due) rose from 1.93% to 3.07%, Texas ratio rose from 6.38% to 10.27% and return on assets rose from 0.40% to 0.46%.
Of the 120 banks headquartered in Kentucky, First Federal Savings and Loan Association is the 118th largest by total assets at Q2 2026. 1-4 family residential loans are its largest loan category, $23.3M of $36.9M in total loans on its June 30, 2026 call report. Against the 578 banks with under $100M in assets for Q2 2026, First Federal Savings and Loan Association's CET1 ratio of 40.77% is above the 19.96% median, Tier 1 leverage ratio of 25.61% is above the 12.62% median, nonperforming loans ratio of 3.07% is above the 0.44% median, Texas ratio of 10.27% is above the 2.09% median, and efficiency ratio of 84.56% is above the 69.61% median.
Data as of · sourced from FFIEC call reports. How we update
An exploratory screening score that ranks relative failure risk across filers. It is not a calibrated probability, not a credit rating, and not a CAMELS rating.
Held-out test AUC 0.910 for the 1-year horizon (v20261026_025757). Trained on credit-driven community-bank failures, it carries little signal for interest-rate or deposit-flight risk. The score covers every FDIC-insured bank in the latest run, but the model was trained on community and regional banks and its accuracy above roughly $10 billion in assets is not established, so a low score is not evidence of safety.
How does First Federal Savings and Loan Association score on capital, credit and costs?
Peer cohort: Under $100M (583 banks) · Industry averages as of Q2 2026.
Median of the 578 banks with under $100M in assets, Q2 2026: 19.96%.
Median of the 578 banks with under $100M in assets, Q2 2026: 12.62%.
Median of the 578 banks with under $100M in assets, Q2 2026: 0.44%.
Median of the 578 banks with under $100M in assets, Q2 2026: 2.09%.
Median of the 578 banks with under $100M in assets, Q2 2026: 69.61%.
Does First Federal Savings and Loan Association trip any risk screens?
Latest filing (Q2 2026), passing screens included.
| Screen | Value | Result |
|---|---|---|
| CET1 capital ratio supervisory threshold | 40.77% | Within range |
| Texas ratio BankRegReports band | 10.27% | Within range |
| Non-performing loan ratio BankRegReports band | 3.07% | Flagged |
| Uninsured deposit share BankRegReports band | — | Not reported |
| Loan-to-deposit ratio BankRegReports band | 121.63% | Flagged |
| Commercial real estate to capital supervisory threshold | 61.19% | Within range |
| Held-to-maturity unrealized loss to equity BankRegReports band | 0.00% | Within range |
Capital ratio: last 12 quarters
| Quarter | CET1 (%) |
|---|---|
| Q2 2026 | 40.77% |
| Q1 2026 | 38.68% |
| Q4 2025 | 39.31% |
| Q3 2025 | 38.81% |
| Q2 2025 | 39.65% |
| Q1 2025 | 39.27% |
| Q4 2024 | 38.89% |
| Q3 2024 | 39.97% |
| Q2 2024 | 38.88% |
| Q1 2024 | 39.79% |
| Q4 2023 | 40.78% |
| Q3 2023 | 42.08% |
Texas Ratio: last 12 quarters
| Quarter | Texas Ratio (%) |
|---|---|
| Q2 2026 | 10.27% |
| Q1 2026 | 7.22% |
| Q4 2025 | 7.43% |
| Q3 2025 | 6.16% |
| Q2 2025 | 6.38% |
| Q1 2025 | 5.42% |
| Q4 2024 | 5.66% |
| Q3 2024 | 5.55% |
| Q2 2024 | 5.34% |
| Q1 2024 | 5.89% |
| Q4 2023 | 7.32% |
| Q3 2023 | 6.77% |
Loans by type, Q2 2026
- 1-4 family residential loans: $23.3M
- Commercial and industrial loans: $4.2M
- Multifamily loans: $3.2M
- Construction and land development loans: $2.3M
- Non-owner-occupied commercial real estate loans: $1.2M
- Owner-occupied commercial real estate loans: $502K
- Agricultural production loans: $398K
- Other consumer loans: $344K
How have First Federal Savings and Loan Association's safety ratios changed?
| Quarter end | Total assets | CET1 | Leverage | NPL ratio | Texas ratio | Efficiency |
|---|---|---|---|---|---|---|
| Jun 30, 2026 | $41.3M | 40.77% | 25.61% | 3.07% | 10.27% | 84.56% |
| Mar 31, 2026 | $40.8M | 38.68% | 25.97% | 2.14% | 7.22% | 80.71% |
| Dec 31, 2025 | $40.4M | 39.31% | 26.39% | 2.23% | 7.43% | 95.43% |
| Sep 30, 2025 | $41.4M | 38.81% | 25.78% | 1.84% | 6.16% | 90.64% |
| Jun 30, 2025 | $40.5M | 39.65% | 26.11% | 1.93% | 6.38% | 86.12% |
| Mar 31, 2025 | $39.8M | 39.27% | 25.87% | 1.63% | 5.42% | 89.97% |
| Dec 31, 2024 | $40.5M | 38.89% | 25.75% | 1.70% | 5.66% | 97.67% |
| Sep 30, 2024 | $39.4M | 39.97% | 25.98% | 1.69% | 5.55% | 90.83% |
Banks with a similar risk profile
4 banks in the same asset tier with the same overall verdict.
Frequently asked
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). FDIC insurance covers $250,000 per depositor, per insured bank, per ownership category.
Is First Federal Savings and Loan Association well capitalized?
On its Q2 2026 call report, First Federal Savings and Loan Association's CET1 ratio is 40.77%, above the 6.5% well-capitalized threshold. The threshold comes from Prompt Corrective Action, which its primary federal regulator, the OCC, applies.
What are First Federal Savings and Loan Association's key safety ratios?
For Q2 2026, First Federal Savings and Loan Association reports CET1 40.77%, leverage 25.61%, Texas ratio 10.27%, noncurrent loans 3.07%. Its Texas ratio compares with the 2.09% median for the 578 banks with under $100M in assets.
What happens to my deposits if First Federal Savings and Loan Association fails?
For Q2 2026, First Federal Savings and Loan Association reported $30.3M in total deposits. If it failed, the FDIC would pay insured deposits up to $250,000 per depositor.
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Where does this data come from?
Not investment advice. See the full First Federal Savings and Loan Association profile.
How we score this
Capital categories follow Prompt Corrective Action (12 CFR 324.403): well capitalized at a CET1 ratio of 6.5%, Tier 1 risk-based 8%, total risk-based 10% and Tier 1 leverage 5%; adequately capitalized at 4.5%, 6%, 8% and 4%. A community bank may elect the community bank leverage ratio instead.
CET1 Ratio: Common equity tier 1 (CET1) capital, mostly common stock and retained earnings, divided by risk-weighted assets. Pass ≥ 7.0% (well-capitalized plus buffer), fail < 4.5% (below minimum).
Tier 1 Leverage Ratio: Tier 1 capital divided by average total assets, with no risk weighting. Pass ≥ 5.0% (well-capitalized), fail < 4.0% (below minimum).
Nonperforming Loans (NPL) Ratio: Nonaccrual loans plus loans 90 or more days past due, divided by total loans. Pass < 1.5%, fail > 3.0%.
Texas Ratio: Problem assets (nonaccrual loans, loans 90+ days past due and still accruing, and OREO, net of U.S. government-guaranteed portions) divided by tangible equity plus the allowance for credit losses. Pass < 50%, fail > 100% (historical failure threshold).
Efficiency Ratio: Noninterest expense divided by revenue (net interest income plus noninterest income). Pass ≤ 75% (lower is better), fail ≥ 90%.
Risk screens, beyond those bands: Uninsured deposit share watch at 50%, concern at 70%; Loan-to-deposit ratio flags at 100% or above; Commercial real estate to capital watch at 200%, concern at 300%; Held-to-maturity unrealized loss to equity watch at 10%, concern at 25%; NPL, Texas ratio and efficiency bands are ours.
Not a credit rating. Methodology.