First Federal Savings And Loan Association Of Lakewood Mortgage Rates, Fees & Info
Lakewood, OHLEI: 549300DPWFIO1S3DF358
Tax ID: 35-2537672
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Review & Overview
First Federal Savings And Loan Association Of Lakewood is a smaller mortgage company specializing in Home Purchase and Refi loans. First Federal Savings And Loan Association Of Lakewood has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Cleveland, Columbus, Toledo, Akron, and Boston among others. We have data for 96 markets. (Some data included below & more in-depth data is available with an active subscription.)First Federal Savings And Loan Association Of Lakewood has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Federal Savings And Loan Association Of Lakewood is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.83% | 11/21/24 |
| 30 Year Conventional Purchase | 6.27% | 11/21/24 |
| 30 Year Conventional Refi | 6.19% | 11/21/24 |
| 30 Year Cash-out Refi | 6.34% | 11/21/24 |
| 30 Year FHA Purchase | 7.61% | 11/21/24 |
| 30 Year VA Purchase | 6.70% | 11/21/24 |
| 30 Year USDA Purchase | 7.46% | 11/21/24 |
| 15 Year Conventional Purchase | 5.91% | 11/21/24 |
| 15 Year Conventional Refi | 5.98% | 11/21/24 |
| 15 Year Cash-out Refi | 5.98% | 11/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
First Federal Savings And Loan Association Of Lakewood Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,418Origination Dollar Volume (All Markets)
$797,800,000Employee count
401Awards
First Federal Savings and Loan Association of Lakewood - 2019
First Federal Savings and Loan Association of Lakewood is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1,908 | $392,520,000 | $205,723 | $3,193 | 3.96% |
| COLUMBUS, OH (FHA|USDA|VA) | 368 | $123,500,000 | $335,598 | $3,450 | 3.96% |
| TOLEDO, OH (FHA|USDA|VA) | 217 | $53,745,000 | $247,673 | $3,473 | 4.04% |
| AKRON, OH (FHA|USDA|VA) | 227 | $52,785,000 | $232,533 | $2,994 | 3.84% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 57 | $20,275,000 | $355,702 | $5,125 | 4.85% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 49 | $13,685,000 | $279,286 | $8,509 | 4.44% |
| MONROE, MI (FHA|USDA|VA) | 37 | $10,915,000 | $295,000 | $3,667 | 4.04% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 33 | $9,335,000 | $282,879 | $3,341 | 4.17% |
| Lebanon, NH-VT (FHA|USDA|VA) | 40 | $8,970,000 | $224,250 | $3,773 | 4.45% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 26 | $8,840,000 | $340,000 | $4,445 | 3.96% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 29 | $7,195,000 | $248,103 | $5,038 | 4.75% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 37 | $6,705,000 | $181,216 | $2,909 | 3.98% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 39 | $6,205,000 | $159,103 | $3,226 | 4.01% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 22 | $6,070,000 | $275,909 | $6,721 | 4.47% |
| ANN ARBOR, MI (FHA|USDA|VA) | 13 | $4,685,000 | $360,385 | $3,583 | 4.21% |
| Outside of Metro Areas | 21 | $4,615,000 | $219,762 | $3,718 | 4.45% |
| Sandusky, OH (FHA|USDA|VA) | 24 | $4,120,000 | $171,667 | $2,921 | 3.88% |
| Mount Airy, NC (FHA|USDA|VA) | 22 | $4,080,000 | $185,455 | $3,912 | 4.68% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 7 | $3,525,000 | $503,571 | $7,414 | 3.76% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 9 | $2,765,000 | $307,222 | $6,046 | 5.08% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 15 | $2,445,000 | $163,000 | $1,858 | 3.77% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 26 | $2,420,000 | $93,077 | $2,546 | 4.59% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 9 | $2,305,000 | $256,111 | $8,730 | 4.36% |
| Concord, NH (FHA|USDA|VA) | 10 | $2,260,000 | $226,000 | $4,663 | 4.47% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 8 | $2,150,000 | $268,750 | $2,860 | 4.08% |
| Findlay, OH (FHA|USDA|VA) | 7 | $2,135,000 | $305,000 | $2,900 | 3.80% |
| LOUISVILLE, KY (FHA|USDA|VA) | 6 | $2,100,000 | $350,000 | $3,354 | 4.05% |
| Ashtabula, OH (FHA|USDA|VA) | 15 | $2,015,000 | $134,333 | $3,335 | 4.04% |
| Norwalk, OH (FHA|USDA|VA) | 7 | $1,575,000 | $225,000 | $3,602 | 4.01% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,405,000 | $468,333 | $6,040 | 4.09% |
| Wooster, OH (FHA|USDA|VA) | 9 | $1,345,000 | $149,444 | $3,094 | 3.84% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $2,916 | 3.63% |
| Adrian, MI (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $3,062 | 4.23% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $3,019 | 3.97% |
| JACKSON, MI (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $5,276 | 4.42% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $3,108 | 4.44% |
| Mount Vernon, OH (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $3,766 | 3.73% |
| LANCASTER, PA (FHA|USDA|VA) | 6 | $1,040,000 | $173,333 | $4,222 | 4.58% |
| Laconia, NH (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $6,985 | 4.87% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $4,596 | 4.74% |
| GAINESVILLE, FL (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $3,646 | 3.85% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $7,299 | 3.84% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $3,779 | 4.03% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $4,156 | 3.53% |
| MANSFIELD, OH (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $2,537 | 3.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $3,385 | 3.40% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $4,733 | 3.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $4,469 | 3.91% |
| Fremont, OH (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $4,170 | 4.38% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $9,916 | 4.44% |
| LIMA, OH (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $3,581 | 3.87% |
| Key West, FL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $6,397 | 3.50% |
| Ashland, OH (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $2,803 | 3.71% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,193 | 3.08% |
| Marietta, OH (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,647 | 3.70% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,126 | 4.63% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,017 | 3.93% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,129 | 3.75% |
| Defiance, OH (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,882 | 3.68% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,449 | 3.50% |
| Urbana, OH (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,778 | 3.90% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,453 | 4.69% |
| NILES, MI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,240 | 4.23% |
| Salem, OH (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,309 | 3.78% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,661 | 4.48% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $2,237 | 4.53% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,091 | 4.63% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $295 | 3.17% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,528 | 3.50% |
| Athens, OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $295 | 3.40% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,521 | 4.88% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,778 | 3.80% |
| FLINT, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,000 | 3.13% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,578 | 3.83% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,818 | 4.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,671 | 3.95% |
| Coshocton, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 4.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 4 | $210,000 | $52,500 | $2,724 | 4.98% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,629 | 4.50% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,888 | 5.13% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,751 | 4.25% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,431 | 3.85% |
| OCALA, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,547 | 4.25% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,793 | 3.75% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,619 | 4.70% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,156 | 3.60% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,681 | 3.85% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,917 | 4.25% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,157 | 4.25% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,193 | 4.50% |
| Tiffin, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,955 | 4.05% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,279 | 4.00% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,681 | 4.75% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,294 | 4.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,986 | 3.90% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,758 | 5.25% |
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Product Mix
For 2019, First Federal Savings And Loan Association Of Lakewood's most frequently originated type of loan was Conventional, with 3,163 originations. Their 2nd most popular type was FHA, with 196 originations.
Loan Reason
For 2019, First Federal Savings And Loan Association Of Lakewood's most frequently cited loan purpose was Home Purchase, with 2,239 originations. The 2nd most popular reason was Refi, with 631 originations.
Loan Duration/Length
For 2019, First Federal Savings And Loan Association Of Lakewood's most frequently cited loan duration was 30 Year, with 2,657 originations. The 2nd most popular length was 15 Year, with 637 originations.
Origination Fees/Closing Costs
First Federal Savings And Loan Association Of Lakewood's average total fees were $3,990, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,438 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,838 | $448,320,000 | $243,917 |
| 4-5% | 1,442 | $320,960,000 | $222,580 |
| 5-6% | 123 | $21,805,000 | $177,276 |
| 6-7% | 8 | $4,380,000 | $547,500 |
| 2.5-3% | 7 | $2,335,000 | $333,571 |
During 2019, First Federal Savings And Loan Association Of Lakewood's average interest rate for loans was 4.14%, while their most frequently originated rate bucket for loans was 3-4%, with 1,838 originations.
Loan Sizing
2019 saw First Federal Savings And Loan Association Of Lakewood place emphasis on $100k-200k loans with 1,197 originations, totaling $177,175,000 in origination value.
Applicant Income
First Federal Savings And Loan Association Of Lakewood lent most frequently to those with incomes in the $100k-150k range, with 783 originations. The second most popular income band? $50k-75k, with 669 originations.
Applicant Debt to Income Ratio
First Federal Savings And Loan Association Of Lakewood lent most frequently to those with DTI ratios of 20-30%, with 938 originations. The next most common DTI ratio? 30-36%, with 708 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.58%
First Federal Savings And Loan Association Of Lakewood has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination81.33%
First Federal Savings And Loan Association Of Lakewood has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,418 | $797,800,000 | $233,411 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| First Technology Federal Credit Union | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 14.3% |
| First Technology Federal Credit Union | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 14.3% |
| First Technology Federal Credit Union | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 14.3% |
| First Technology Federal Credit Union | Conventional home mortgage | Trouble during payment process | 4 | 57.1% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Federal Savings and Loan Association of Lakewood | 12648 Rockside Road Garfield Heights, OH 44125 | Full Service B&M | $28,467 |
| First Federal Savings and Loan Association of Lakewood | 14047 Pearl Rd Strongsville, OH 44136 | Full Service B&M | $75,236 |
| First Federal Savings and Loan Association of Lakewood | 14806 Detroit Ave Lakewood, OH 44107 | Full Service B&M | $458,612 |
| First Federal Savings and Loan Association of Lakewood | 2 East Washington Street Chagrin Falls, OH 44022 | Full Service B&M | $70,273 |
| First Federal Savings and Loan Association of Lakewood | 2035 Crocker Road Westlake, OH 44145 | Full Service B&M | $80,914 |
| First Federal Savings and Loan Association of Lakewood | 20425 Center Ridge Road Rocky River, OH 44116 | Full Service B&M | $108,659 |
| First Federal Savings and Loan Association of Lakewood | 22380 Lorain Road Fairview Park, OH 44126 | Full Service B&M | $71,221 |
| First Federal Savings and Loan Association of Lakewood | 24441 Detroit Road Westlake, OH 44145 | Full Service B&M | $106,089 |
| First Federal Savings and Loan Association of Lakewood | 26624 Lorain Rd North Olmsted, OH 44070 | Full Service B&M | $88,633 |
| First Federal Savings and Loan Association of Lakewood | 26908 Cook Rd. Olmsted Falls, OH 44138 | Full Service B&M | $43,343 |
| First Federal Savings and Loan Association of Lakewood | 32812 Walker Road Avon Lake, OH 44012 | Full Service B&M | $88,997 |
| First Federal Savings and Loan Association of Lakewood | 33701 Center Ridge Rd North Ridgeville, OH 44039 | Full Service B&M | $79,751 |
| First Federal Savings and Loan Association of Lakewood | 3383 Center Rd. Brunswick, OH 44212 | Full Service B&M | $71,610 |
| First Federal Savings and Loan Association of Lakewood | 36839 Detroit Road Avon, OH 44011 | Full Service B&M | $79,952 |
| First Federal Savings and Loan Association of Lakewood | 5659 Broadview Rd. Parma, OH 44134 | Full Service B&M | $64,411 |
| First Federal Savings and Loan Association of Lakewood | 6160 Royalton Road North Royalton, OH 44133 | Full Service B&M | $42,677 |
| First Federal Savings and Loan Association of Lakewood | 6610 Detroit Ave. Cleveland, OH 44102 | Full Service B&M | $15,641 |
| First Federal Savings and Loan Association of Lakewood | 7595 Crile Road Painesville, OH 44077 | Full Service B&M | $43,950 |
For 2019, First Federal Savings And Loan Association Of Lakewood had 18 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $67,318 |
| Net interest income | $42,896 |
| Total noninterest income | $12,195 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,216 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $10,979 |
| Pre-tax net operating income | $7,757 |
| Securities gains (or losses, -) | $67 |
| Income before extraordinary items | $6,529 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $6,529 |
| Minority interest net income | $0 |
| Net income | $6,529 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $6,473 |
First Federal Savings And Loan Association Of Lakewood's gross interest income from loans was $67,318,000.
First Federal Savings And Loan Association Of Lakewood's net interest income from loans was $42,896,000.
First Federal Savings And Loan Association Of Lakewood's fee based income from loans was $1,216,000.
First Federal Savings And Loan Association Of Lakewood's net income from loans was $6,529,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $24,422 |
| Provision for credit losses | $-125 |
| Total noninterest expense | $47,459 |
| Salaries and employee benefits | $26,082 |
| Premises and equipment expense | $6,497 |
| Additional noninterest expense | $14,880 |
| Applicable income taxes | $1,295 |
| Net charge-offs | $-110 |
| Cash dividends | $1,096 |
First Federal Savings And Loan Association Of Lakewood's interest expense for loans was $24,422,000.
First Federal Savings And Loan Association Of Lakewood's payroll and benefits expense were $26,082,000.
First Federal Savings And Loan Association Of Lakewood's property, plant and equipment expenses $6,497,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $1,564,830 |
| Deposits held in domestic offices | $1,564,830 |
| Deposits by Individuals, partnerships, and corporations | $1,510,211 |
| Deposits by U.S. Government | $2 |
| Deposits by States and political subdivisions in the U.S. | $54,616 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $103,812 |
| Demand deposits | $35,702 |
| Nontransaction accounts | $1,461,017 |
| Money market deposit accounts (MMDAs) | $465,827 |
| Other savings deposits (excluding MMDAs) | $461,623 |
| Total time deposits | $533,568 |
| Total time and savings deposits | $1,529,127 |
| Noninterest-bearing deposits | $212,847 |
| Interest-bearing deposits | $1,351,983 |
| Retail deposits | $1,418,785 |
| IRAs and Keogh plan accounts | $90,270 |
| Brokered deposits | $87,527 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,924,103 |
| Cash & Balances due from depository institutions | $90,549 |
| Interest-bearing balances | $77,201 |
| Total securities | $124,522 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,637,196 |
| Loan and leases loss allowance | $6,944 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $9,908 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $18,970 |
| All other assets | $42,958 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,924,103 |
| Total Liabilities | $1,717,525 |
| Total deposits | $1,564,830 |
| Interest-bearing deposits | $1,351,983 |
| Deposits held in domestic offices | $1,564,830 |
| % insured (estimated) | $87 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $135,000 |
| Subordinated debt | $0 |
| All other liabilities | $17,695 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,637,196 |
| Loan and leases loss allowance | $6,944 |
| Total loans and leases (domestic) | $1,644,140 |
| All real estate loans | $1,532,682 |
| Real estate loans in domestic offices | $1,532,682 |
| Construction and development loans | $78,827 |
| Residential 1-4 family construction | $55,289 |
| Other construction, all land development and other land | $23,538 |
| Loans secured by nonfarm nonresidential properties | $129,833 |
| Nonfarm nonresidential secured by owner-occupied properties | $22,618 |
| Commercial real estate & other non-farm, non-residential | $107,215 |
| Multifamily residential real estate | $50,245 |
| 1-4 family residential loans | $1,273,777 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $35,216 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $76,179 |
| Credit card loans | $0 |
| Related Plans | $82 |
| Consumer Auto Loans | $73 |
| Other loans to individuals | $76,024 |
| All other loans & leases | $62 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $62 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $2,848 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
First Federal Savings and Loan Association of Lakewood had $1,637,196,000 of loans outstanding in 2019. $1,532,682,000 of loans were in real estate loans. $78,827,000 of loans were in development loans. $50,245,000 of loans were in multifamily mortgage loans. $1,273,777,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $73,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 176 | $46,503 | $264,222 |
| Nonfarm, nonresidential loans - <$100k | 12 | $336 | $28,000 |
| Nonfarm, nonresidential loans - $100-250k | 65 | $7,952 | $122,338 |
| Nonfarm, nonresidential loans - $250k-1MM | 99 | $38,215 | $386,010 |
| Commercial & Industrial, US addressed loans - <$1MM | 307 | $18,337 | $59,730 |
| Commercial & Industrial, US addressed loans - <$100k | 248 | $7,486 | $30,185 |
| Commercial & Industrial, US addressed loans - $100-250k | 28 | $2,392 | $85,429 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 31 | $8,459 | $272,871 |