First Federal Savings and Loan Association of Lorain
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Data as of · sourced from FFIEC call reports. How we update
First Federal Savings and Loan Association of Lorain is an FDIC-insured savings institution headquartered in Lorain, OH, supervised by the OCC, with $573.8M in total assets at Q2 2026, up 7.8% from Q2 2025, the 50th largest of 154 banks headquartered in Ohio. It was established in 1921 and holds FDIC certificate 29838. Its CET1 capital ratio was 19.68% 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
- 29838
- Headquarters
- Lorain, OH
- Established
- 1921
- Total assets, Q2 2026
- $573.8M
- Assets vs Q2 2025
- +7.8%
- CET1 ratio, Q2 2026
- 19.68%
- Domestic offices
- 6 · First Federal Savings and Loan Association of Lorain branches FDIC institution directory, current count
- Routing number
- 241271342
- Safety and soundness
- Is First Federal Savings and Loan Association of Lorain safe?
- Latest call report
- Q2 2026, FFIEC 051 · First Federal Savings and Loan Association of Lorain call report
- Asset rank in state
- 50th of 154 in Ohio
First Federal Savings and Loan Association of Lorain spends more to run itself than most banks of its size. Based in Lorain, Ohio, it had $574 million in assets at June 30, 2026, up 7.8% from a year earlier. It earns about $0.07 a year on every $100 of assets, a small fraction of the median of $1.28 for the 2,627 banks with $100 million to $1 billion in assets. It also spends about 96 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 61 cents).
Loans are outrunning deposits: over the year loans rose 21.1% and deposits rose 9.3%. Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 0.41% of loans, down from 0.53% a year earlier. Its margin is thin by comparison: it keeps 2.24 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 banks its size (median 3.96 cents).
As of June 30, 2026, First Federal Savings and Loan Association of Lorain reported a CET1 capital ratio of 19.68%, a return on assets of 0.07%, a nonperforming-loan ratio of 0.41% and a Texas ratio of 3.47%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First Federal Savings and Loan Association of Lorain is the 50th largest of the 154 banks headquartered in Ohio. From Q1 2026 to Q2 2026, its total assets rose 1.2% to $573.8M, loans rose 3.1% and deposits fell 0.1%. 1-4 family residential loans made up 98.4% of its total loans on June 30, 2026, its largest category; next came multifamily loans at 0.8%. The FDIC Summary of Deposits lists 6 offices for it, in 5 cities in OH; its Lorain 2 offices book 59% of its branch deposits. By the capital ratios in its Q2 2026 call report, First Federal Savings and Loan Association of Lorain meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 3721 Oberlin Ave, Lorain, OH 44053
- County
- Lorain
- 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
- January 1, 1921
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 79
- Domestic deposits
- $499.8M
- Allowance for credit losses
- $2.0M
- Net charge-offs (YTD)
- -$124K
- Average total assets
- $577.9M
- Average total loans
- $463.1M
- Average interest-bearing deposits
- $459.5M
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 29838
- Fed RSSD
- 144678
- Website
- www.fflorain.bank →
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 Savings and Loan Association of Lorain's total assets moved between a low of $501.6M (Q4 2024) and a high of $573.8M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in 4 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$573.8M total assets against $532.2M; $520.5M total liabilities against $480.9M.
$469.1M net loans and leases against $387.3M; $499.8M total deposits against $457.1M.
$62.0M securities against $75.6M; $9.7M cash and balances due against $36.5M.
$5.9M total interest income against $5.1M; $2.9M total interest expense against $2.7M.
$3.0M net interest income against $2.4M.
$481K total noninterest income against $573K; $3.4M total noninterest expense against $3.2M.
$38K provision for credit losses against -$62K.
$98K net income against -$95K.
0.07% return on assets against -0.07%; 2.24% net interest margin against 1.90%.
19.68% CET1 capital ratio against 22.39%; 10.36% tier 1 leverage ratio against 11.29%.
Inside the full First Federal Savings and Loan Association of Lorain terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst Federal Savings and Loan Association of Lorain rankings
Its closest position to the top of a national ranking is 357 of 2,134, for CET1 ratio; its furthest is 3,533 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.47% (Q4 2024) to 0.08% (Q1 2026) and its net interest margin ran from 1.09% (Q3 2024) to 2.24% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 19.68% | 0.07% | 0.41% | 3.47% | 2.24% |
| Q1 2026 | 20.10% | 0.08% | 0.43% | 3.61% | 2.19% |
| Q4 2025 | 20.30% | 0.07% | 0.42% | 3.40% | 2.11% |
| Q3 2025 | 20.67% | 0.02% | 0.42% | 3.39% | 2.00% |
| Q2 2025 | 22.39% | -0.07% | 0.53% | 3.90% | 1.90% |
| Q1 2025 | 23.87% | -0.31% | 0.60% | 4.12% | 1.68% |
| Q4 2024 | 24.46% | -0.47% | 0.78% | 5.21% | 1.44% |
| Q3 2024 | 24.53% | -0.40% | 0.93% | 5.96% | 1.09% |
Swipe the table sideways to see every column.
Branch Network
View all 6 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 Lorain (main office) | Lorain , OH | 44053 | $267.8M |
| 1180 Park Avenue Branch | Amherst , OH | 44001 | $77.2M |
| Huron Branch | Huron , OH | 44839 | $67.7M |
| Port Clinton Branch | Port Clinton , OH | 43452 | $32.9M |
| 36690 Detroit Road Branch | Avon , OH | 44011 | $28.2M |
| 2233 East 42nd Street Branch | Lorain , OH | 44055 | $26.1M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (OCC)
- February 29, 2024, OCC: Formal Agreement: First FS & LA of Lorain
- Period: Most recent institution action February 29, 2024. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in OH, rank 60 of 184 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 First Federal Savings and Loan Association of Lorain
What are First Federal Savings and Loan Association of Lorain's total assets?
As of the Q2 2026 filing, First Federal Savings and Loan Association of Lorain reported total assets of $573.8 million in its FFIEC call report.
Where is First Federal Savings and Loan Association of Lorain headquartered?
It is headquartered in Lorain, OH, United States.
When was First Federal Savings and Loan Association of Lorain founded?
It was established in 1921, per the FDIC institution directory.
Is First Federal Savings and Loan Association of Lorain FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #29838). 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 Lorain?
First Federal Savings and Loan Association of Lorain's primary federal regulator is the OCC.
What is First Federal Savings and Loan Association of Lorain's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 19.68% 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 of Lorain operate?
It operates 6 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 Lorain's Texas Ratio?
Its Texas Ratio is 3.47% 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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