First Federal Savings Bank of Kentucky
Also written as FFSB of Kentucky
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Data as of · sourced from FFIEC call reports. How we update
First Federal Savings Bank of Kentucky is an FDIC-insured savings institution headquartered in Frankfort, KY, supervised by the OCC, with $282.6M in total assets at Q2 2026, down 1.2% from Q2 2025, the 65th largest of 120 banks headquartered in Kentucky. It was established in 1934 and holds FDIC certificate 29937. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.48% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 29937
- Headquarters
- Frankfort, KY
- Established
- 1934
- Total assets, Q2 2026
- $282.6M
- Assets vs Q2 2025
- -1.2%
- Tier 1 leverage ratio, Q2 2026
- 10.48%
- Domestic offices
- 6 · First Federal Savings Bank of Kentucky branches FDIC institution directory, current count
- Routing number
- 283972120
- Safety and soundness
- Is First Federal Savings Bank of Kentucky safe?
- Latest call report
- Q2 2026, FFIEC 051 · First Federal Savings Bank of Kentucky call report
- Holding company
- FRANKFORT FIRST BANCORP, INC.
- Asset rank in state
- 65th of 120 in Kentucky
First Federal Savings Bank of Kentucky pays more for its money than most banks of its size. Based in Frankfort, Kentucky, it had $283 million in assets at June 30, 2026, down 1.2% from a year earlier. It pays an average of 2.85% on its deposits and borrowings, higher than about 9 in 10 of the 2,627 banks with $100 million to $1 billion in assets (median 1.80%). It also lost 5.3% of its deposits over the year, lower than about 9 in 10 banks its size (median 4.1%).
Earnings jumped: net income for the quarter was $525,000, 171% above the same quarter a year earlier. Problem loans roughly halved over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.44% of loans from 0.89%. Profitability lags: it earns about $0.73 a year on every $100 of assets, lower than about three-quarters of banks its size (median $1.28).
As of June 30, 2026, First Federal Savings Bank of Kentucky reported a return on assets of 0.73%, a nonperforming-loan ratio of 0.44% and a Texas ratio of 3.71%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First Federal Savings Bank of Kentucky is the 65th largest of the 120 banks headquartered in Kentucky. Between Q1 2026 and Q2 2026, its total assets fell 1.8% to $282.6M, loans fell 1.4% and deposits fell 2.8%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 79.2% of total loans, followed by owner-occupied commercial real estate loans at 7.1%. Its 6 offices in the FDIC Summary of Deposits are in Frankfort, KY, Danville, KY and Lancaster, KY; its Frankfort 3 offices book 57% of its branch deposits. By the capital ratios in its Q2 2026 call report, First Federal Savings Bank of Kentucky meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 216 W Main St, Frankfort, KY 40601
- County
- Franklin
- Metro Area
- Frankfort, KY
- 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 8, St. Louis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1934
- Former names
- First Federal Savings Bank of Frankfort (1989-2015)
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 48
- Domestic deposits
- $207.8M
- Allowance for credit losses
- $1.7M
- Net charge-offs (YTD)
- $146K
- Average total assets
- $287.8M
- Average total loans
- $250.1M
- Average interest-bearing deposits
- $200.2M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 29937
- Fed RSSD
- 741974
- SEC CIK
- 1309762 → filed by FIRST FEDERAL MHC
- Website
- ffsbky.bank →
- Parent Holding Company
- FRANKFORT FIRST BANCORP, INC. (RSSD 2484341)
- Ultimate Parent
- FIRST FEDERAL MHC (RSSD 3824476)
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Eades Tyler Wayne | CFO | VP & Chief Financial Officer |
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, First Federal Savings Bank of Kentucky reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, First Federal Savings Bank of Kentucky's total assets ranged from $268.8M (Q3 2023) to $296.0M (Q1 2025), and it earned a profit in 7 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$282.6M total assets against $286.2M; $252.6M total liabilities against $256.9M.
$247.4M net loans and leases against $250.9M; $207.8M total deposits against $219.4M.
$8.9M securities against $7.1M; $13.8M cash and balances due against $16.5M.
$4.2M total interest income against $4.0M; $1.8M total interest expense against $2.2M.
$2.4M net interest income against $1.8M.
$158K total noninterest income against $113K; $1.7M total noninterest expense against $1.7M.
$177K provision for credit losses against $0.
$525K net income against $194K.
0.73% return on assets against 0.26%; 3.44% net interest margin against 2.52%.
10.48% tier 1 leverage ratio against 9.97%.
Inside the full First Federal Savings Bank of Kentucky 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 Bank of Kentucky rankings
Its closest position to the top of a national ranking is 1,652 of 3,640, for Texas Ratio; its furthest is 2,994 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.01% (Q3 2024) to 0.73% (Q2 2026) and its net interest margin ran from 2.07% (Q3 2024) to 3.44% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.48% | 0.73% | 0.44% | 3.71% | 3.44% |
| Q1 2026 | 10.55% | 0.66% | 0.47% | 3.70% | 3.16% |
| Q4 2025 | 10.37% | 0.53% | 0.48% | 3.82% | 3.03% |
| Q3 2025 | 10.29% | 0.46% | 0.61% | 4.90% | 2.79% |
| Q2 2025 | 9.97% | 0.26% | 0.89% | 7.25% | 2.52% |
| Q1 2025 | 9.98% | 0.08% | 0.82% | 6.82% | 2.32% |
| Q4 2024 | 10.13% | 0.10% | 0.69% | 5.67% | 2.30% |
| Q3 2024 | 10.07% | -0.01% | 1.27% | 10.66% | 2.07% |
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 Bank of Kentucky (main office) | Frankfort , KY | 40601 | $75.9M |
| Danville Br | Danville , KY | 40422 | $52.2M |
| U S Hwy 127 South Branch | Frankfort , KY | 40601 | $25.9M |
| First Lancaster Federal Savings Bank Branch | Lancaster , KY | 40444 | $21.6M |
| 194 Versailles Rd Branch | Frankfort , KY | 40601 | $16.4M |
| Danville Branch | Danville , KY | 40422 | $15.7M |
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 |
|---|---|---|---|
| January 1, 2013 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2013 | Structure Change | Acquired Central Kentucky Federal Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (OCC)
- August 13, 2024, OCC: Formal Agreement: First Federal Savings Bank of Kentucky
- Period: Most recent institution action August 13, 2024. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.2% of deposits in KY, rank 94 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
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Frequently asked about First Federal Savings Bank of Kentucky
What are First Federal Savings Bank of Kentucky's total assets?
As of the Q2 2026 filing, First Federal Savings Bank of Kentucky reported total assets of $282.6 million in its FFIEC call report.
Where is First Federal Savings Bank of Kentucky headquartered?
It is headquartered in Frankfort, KY, United States.
When was First Federal Savings Bank of Kentucky founded?
It was established in 1934, per the FDIC institution directory.
Is First Federal Savings Bank of Kentucky FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #29937). 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 Bank of Kentucky?
First Federal Savings Bank of Kentucky's primary federal regulator is the OCC.
How many branches does First Federal Savings Bank of Kentucky 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 Bank of Kentucky's Texas Ratio?
Its Texas Ratio is 3.71% 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 Savings Bank of Kentucky previously called?
The charter now named First Federal Savings Bank of Kentucky has also operated as First Federal Savings Bank of Frankfort (1989-2015), per FDIC structure-change records.
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