First Federal Savings and Loan Association of Lakewood
First Federal Savings and Loan Association of Lakewood is an FDIC-insured savings institution headquartered in Lakewood, OH, supervised by the OCC, with $2.94B in total assets at Q2 2026, up 0.1% from Q2 2025, the 16th largest of 154 banks headquartered in Ohio. It was established in 1935 and holds FDIC certificate 29488. Its CET1 capital ratio was 11.93% at Q2 2026, above regulatory requirements.
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Data as of · sourced from FFIEC call reports. How we update
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 29488
- Headquarters
- Lakewood, OH
- Established
- 1935
- Total assets, Q2 2026
- $2.94B
- Assets vs Q2 2025
- +0.1%
- CET1 ratio, Q2 2026
- 11.93%
- Domestic offices
- 20 · First Federal Savings and Loan Association of Lakewood branches FDIC institution directory, current count
- Routing number
- 241071212
- Safety and soundness
- Is First Federal Savings and Loan Association of Lakewood safe?
- Latest call report
- Q2 2026, FFIEC 051 · First Federal Savings and Loan Association of Lakewood Q3 2026 call report, filed October 29, 2026 (preliminary)
- Holding company
- FIRST MUTUAL HOLDING CO.
- Asset rank in state
- 16th of 154 in Ohio
First Federal Savings and Loan Association of Lakewood spends more to run itself than most banks of its size. Based in Lakewood, Ohio, it had $2.9 billion in assets at June 30, 2026. It earns about $0.27 a year on every $100 of assets, a small fraction of the median of $1.29 for the 880 banks with $1 billion to $10 billion in assets. It also spends about 87 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 58 cents).
Loans and deposits moved in opposite directions: over the year loans fell 1.8% and deposits rose 5.6%. Its margin is thin by comparison: it keeps 2.26 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 banks its size (median 3.71 cents).
As of June 30, 2026, First Federal Savings and Loan Association of Lakewood reported a CET1 capital ratio of 11.93%, a return on assets of 0.27%, a nonperforming-loan ratio of 0.44% and a Texas ratio of 4.35%. The figures come from its call report filed with the FFIEC.
Of the 154 banks headquartered in Ohio, First Federal Savings and Loan Association of Lakewood is the 16th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 0.9% to $2.94B, loans rose 0.6% and deposits rose 2.3%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 68.3% of total loans, followed by non-owner-occupied commercial real estate loans at 7.9%. Its 20 offices in the FDIC Summary of Deposits are in 18 cities in OH; its Lakewood office books 49% of its branch deposits. Judged on its Q2 2026 call report, First Federal Savings and Loan Association of Lakewood meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 14806 Detroit Ave, Lakewood, OH 44107
- County
- Cuyahoga
- Metro Area
- Cleveland, OH
- 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
- July 19, 1935
- Domestic offices
- 20 FDIC institution directory, current count
- Employees (FTE)
- 255
- Domestic deposits
- $2.23B
- Allowance for credit losses
- $19.5M
- Net charge-offs (YTD)
- -$5.8M
- Average total assets
- $2.92B
- Average total loans
- $2.42B
- Average interest-bearing deposits
- $1.91B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 29488
- Fed RSSD
- 318974
- SEC CIK
- 1729623 → filed by FIRST MUTUAL HOLDING CO.
- Website
- www.ffl.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. After a merger that grows assets 25% or more, the UBPR averages balances from the merger date on while the income stays year to date, so a YTD ratio can differ widely from the ratio of either quarter. 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 Savings and Loan Association of Lakewood's total assets moved between a low of $2.73B (Q3 2023) and a high of $3.03B (Q3 2024) 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
$2.94B total assets against $2.94B; $2.71B total liabilities against $2.72B.
$2.40B net loans and leases against $2.45B; $2.23B total deposits against $2.11B.
$160.1M securities against $156.6M; $190.8M cash and balances due against $153.9M.
$31.8M total interest income against $32.5M; $16.1M total interest expense against $17.0M.
$15.7M net interest income against $15.5M.
$2.8M total noninterest income against $2.6M; $16.1M total noninterest expense against $23.4M.
-$83K provision for credit losses against -$200K.
$2.0M net income against -$3.9M.
0.27% return on assets against -0.53%; 2.26% net interest margin against 2.23%.
11.93% CET1 capital ratio against 11.62%; 8.37% tier 1 leverage ratio against 8.03%.
Inside the full First Federal Savings and Loan Association of Lakewood 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.
First Federal Savings and Loan Association of Lakewood rankings
Its closest position to the top of a national ranking is 427 of 4,196, for total assets; its furthest is 3,422 of 3,606, for efficiency ratio.
Banks merged into First Federal Savings and Loan Association of Lakewood
- First Federal Savings and Loan Association, effective July 1, 2026
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.53% (Q2 2025) to 0.88% (Q1 2026) and its net interest margin ran from 2.01% (Q3 2024) to 2.27% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.93% | 0.27% | 0.44% | 4.35% | 2.26% |
| Q1 2026 | 12.18% | 0.88% | 0.45% | 4.46% | 2.25% |
| Q4 2025 | 11.94% | 0.38% | 0.44% | 4.43% | 2.27% |
| Q3 2025 | 11.85% | 0.33% | 0.39% | 4.02% | 2.25% |
| Q2 2025 | 11.62% | -0.53% | 0.40% | 4.16% | 2.23% |
| Q1 2025 | 11.76% | 0.28% | 0.76% | 7.80% | 2.11% |
| Q4 2024 | 11.67% | 0.24% | 0.62% | 6.32% | 2.03% |
| Q3 2024 | 11.71% | 0.12% | 0.62% | 6.54% | 2.01% |
Swipe the table sideways to see every column.
Branch Network
View all 20 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 Savings and Loan Association of Lakewood (main office) | Lakewood , OH | 44107 | $1.08B |
| Center Ridge Road Branch | North Ridgeville , OH | 44039 | $96.9M |
| 24441 Detroit Road Branch | Westlake , OH | 44145 | $93.8M |
| Walker Road Branch | Avon Lake , OH | 44012 | $92.2M |
| 20425 Center Ridge Road Branch | Rocky River , OH | 44116 | $92.0M |
| Brunswick Branch | Brunswick , OH | 44212 | $86.2M |
| 26624 Lorain Road Branch | North Olmsted , OH | 44070 | $78.1M |
| Westlake Branch | Westlake , OH | 44145 | $75.7M |
| Strongsville Branch | Strongsville , OH | 44136 | $67.6M |
| Avon Branch | Avon , OH | 44011 | $63.9M |
| Olmsted Branch | Olmsted Falls , OH | 44138 | $63.2M |
| 22380 Lorain Road Branch | Fairview Park , OH | 44126 | $61.7M |
| Chagrin Falls Branch | Chagrin Falls , OH | 44022 | $59.2M |
| 6160 Royalton Road Branch | North Royalton , OH | 44133 | $57.7M |
| Parma Branch | Parma , OH | 44134 | $54.2M |
| Crile Lake County Branch | Painesville , OH | 44077 | $52.1M |
| 12648 Rockside Road Branch | Garfield Heights , OH | 44125 | $22.4M |
| Dublin Ohio Branch | Dublin , OH | 43017 | $17.4M |
| Gordon Square Branch | Cleveland , OH | 44102 | $10.2M |
| Cleveland Dave's Midtown | Cleveland , OH | 44103 | $2.2M |
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 |
|---|---|---|---|
| July 1, 2026 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 2026 | Structure Change | Acquired First Federal Savings and Loan Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 21, 2010 | Structure Change | Acquired Century Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 20, 2010 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.4% of deposits in OH, rank 23 of 184 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 1,831 applications, 1,189 loans originated, $336.8M originated, across 19 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 9 loans, $3.4M approved, $376K 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
- Enforcement actions, 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 Savings and Loan Association of Lakewood
What are First Federal Savings and Loan Association of Lakewood's total assets?
As of the Q2 2026 filing, First Federal Savings and Loan Association of Lakewood reported total assets of $2.94 billion in its FFIEC call report.
Where is First Federal Savings and Loan Association of Lakewood headquartered?
It is headquartered in Lakewood, OH, United States.
When was First Federal Savings and Loan Association of Lakewood founded?
It was established in 1935, per the FDIC institution directory.
Is First Federal Savings and Loan Association of Lakewood FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #29488). 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 of Lakewood?
First Federal Savings and Loan Association of Lakewood's primary federal regulator is the OCC.
What is First Federal Savings and Loan Association of Lakewood's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.93% in its Q2 2026 call report, above regulatory requirements.
How many branches does First Federal Savings and Loan Association of Lakewood operate?
It operates 20 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 Savings and Loan Association of Lakewood's Texas Ratio?
Its Texas Ratio is 4.35% 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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