Banks | First Federal Savings and Loan Association of Lorain

First Federal Savings and Loan Association of Lorain


First Federal Savings and Loan Association of Lorain is an FDIC insured institution headquartered at 3721 Oberlin Ave, Lorain, OH 44053.
It was founded in 1921 and has approximately $1 billion in assets. Customers can open an account at one of its 7 branches.

Deposit Rates - December 3, 2024

SAVINGS RATES APY MIN
Savings
0.06% $10 Compare
CD RATES APY MIN
6 Mo CD
0.08% $250 Compare
6 Mo CD
0.08% $100,000 Compare
Special: 8 Mo CD
0.30% $250 Compare
12 Mo CD
0.10% $250 Compare
12 Mo CD
0.25% $100,000 Compare
Special: 14 Mo CD
0.50% $250 Compare
18 Mo CD
0.15% $250 Compare
18 Mo CD
0.25% $100,000 Compare
24 Mo CD
0.25% $250 Compare
24 Mo CD
0.30% $100,000 Compare
30 Mo CD
0.30% $250 Compare
30 Mo CD
0.30% $100,000 Compare
36 Mo CD
0.30% $250 Compare
36 Mo CD
0.30% $100,000 Compare
48 Mo CD
0.30% $250 Compare
48 Mo CD
0.30% $100,000 Compare
60 Mo CD
0.30% $100,000 Compare
MM RATES APY MIN
Money Market
0.10% $2,500 Compare
FIXED IRA RATES APY MIN
Special: 8 Mo FIRA
0.30% $250
Special: 14 Mo FIRA
0.50% $250
INT CHECKING RATES APY MIN
Int Ckg
0.05% $2,500

Loan Rates - December 3, 2024

MORTGAGE PURCHASE APR(%) MONTHLY PAYMENT
5 Year Adjustable Conforming
8.25% $2,128.97
15 Year Fixed Jumbo
6.93% $2,854.82
15 Year Fixed Conforming
7.00% $2,854.82
20 Year Fixed Jumbo
7.30% $2,529.20
20 Year Fixed Conforming
7.34% $2,529.20
30 Year Fixed Jumbo
7.41% $2,211.25
30 Year Fixed Conforming
7.44% $2,211.25
MORTGAGE REFINANCE APR(%) MONTHLY PAYMENT
5 Year Adjustable Conforming
8.25% $2,128.97
15 Year Fixed Jumbo
6.93% $2,854.82
15 Year Fixed Conforming
7.00% $2,854.82
20 Year Fixed Jumbo
7.30% $2,529.20
20 Year Fixed Conforming
7.34% $2,529.20
30 Year Fixed Jumbo
7.41% $2,211.25
30 Year Fixed Conforming
7.44% $2,211.25
See Other Mortgage Rates →
HOME EQUITY RATES APR(%) MONTHLY PAYMENT
Line of Credit
5.50% Varies
Compare with 7.24 RATE Line of Credit from Third Federal Savings and Loan Third Federal Savings and Loan
Compare with 8.25 RATE Line of Credit from Rate Rate
Compare with 10.625 RATE Line of Credit from Achieve Loans Achieve Loans
Compare with RATE Line of Credit from Upstart Upstart
Compare with RATE Line of Credit from Figure Home Equity Line Figure Home Equity Line
Compare with RATE Line of Credit from Spring EQ Spring EQ
Compare with RATE Line of Credit from AmeriSave Mortgage Corporation AmeriSave Mortgage Corporation
Compare with RATE Line of Credit from Top Flite Financial Top Flite Financial
Compare with RATE Line of Credit from New American Funding, LLC New American Funding, LLC
Compare with RATE Line of Credit from District Lending District Lending
Compare with RATE Line of Credit from PenFed Credit Union PenFed Credit Union
Compare with RATE Line of Credit from CrossCountry Mortgage, LLC CrossCountry Mortgage, LLC
See Other Home Equity Rates →

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 29838
Date Established 1921
Assets $ 521.45 million
Loans $ 345.86 million
Deposits $ 418.62 million
Capital $ 49.78 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 14.65 million
Interest-bearing balances $ 9.53 million
Total securities $ 127.11 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 345.86 million
Loan loss allowance $ 1.70 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.25 million
All other assets $ 28.21 million
     Total Assets $ 471.68 million

LIABILITIES
Total deposits $ 418.62 million
      Interest-bearing deposits $ 375.39 million
      Deposits held in domestic offices $ 418.62 million
      % insured (estimated) 95.53%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 40.00 million
Subordinated debt N.A.
All other liabilities $ 3.00 millionn
      Total Liabilities $ 471.68 million
      Shareholders’ Equity $ 49.78 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 8.73 million
Total Interest Expense $ 5.86 million
Net interest income $ 2.86 million
Provision for loan and lease losses N.A.
Total non interest income $ 1.03 million
Total non interest expense $ 6.67 million
Pre-tax Net Operating Income N.A.

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First Federal Savings and Loan Association of Lorain Locations

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