bank

First Federal Savings And Loan Association Of Lorain

Lorain, OH · Est. 1921 · Website ↗
B
Trust Grade
Strong
Score: 89/100

First Federal Savings And Loan Association Of Lorain is a bank based in Lorain, Ohio, established in 1921, with $567 million in total assets across 6 branches. By Trust Grade it ranks 119th of 157 banks we track in Ohio. Its capital ratio of 9.4% trails most similarly sized banks (36th percentile), versus a Ohio median of 10.3%. It was profitable over the most recent period, with a 0.08% return on assets. No consumer complaints against First Federal Savings And Loan Association Of Lorain appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.

Total assets
$567.3M
$100M–1B institution
Deposits
$500.2M
Branches
6
Capital ratio
9.4%
Bottom 36% of $100M–1B peers · Ohio median 10.3%
Return on assets
0.1%
Bottom 4% of $100M–1B peers · Ohio median 0.93%
Rank in Ohio
#119
of 157 banks

How First Federal Savings And Loan Association Of Lorain compares to Ohio peers

Capital ratio
Bottom 36% of $100M–1B peers
First Federal
9.4%
Ohio median
10.3%
Higher capital ratio = stronger financial cushion
Return on assets
Bottom 4% of $100M–1B peers
First Federal
0.1%
Ohio median
0.9%
Higher ROA = more profitable relative to asset base

How we graded First Federal Savings And Loan Association Of Lorain

The Trust Grade blends financial strength with complaint history. Full methodology →

Financial strength
89/100
Customer experience
n/a
Overall
B · 89
  • Strongly capitalized (9.4% capital ratio)
  • Profitable (ROA 0.08%)
  • No CFPB complaints on record

Consumer complaints (CFPB)

No CFPB complaints are on file for First Federal Savings And Loan Association Of Lorain over the analysis window. For a smaller institution this is common and counts in its favor.

Branch locations (6)

  • 107 Liberty Drive, Huron, OH 44839
  • 1840 E Perry St, Port Clinton, OH 43452
  • 2233 E 42nd St, Lorain, OH 44055
  • 3721 Oberlin Ave, Lorain, OH 44053
  • 1180 Park Ave, Amherst, OH 44001
  • 36690 Detroit Rd, Avon, OH 44011

Are deposits at First Federal Savings And Loan Association Of Lorain insured?

Yes. First Federal Savings And Loan Association Of Lorain is an FDIC-insured bank (FDIC certificate #29838). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.

First Federal Savings And Loan Association Of Lorain: frequently asked questions

Is First Federal Savings And Loan Association Of Lorain a good bank?

First Federal Savings And Loan Association Of Lorain earns a Bankzia Trust Grade of B (89/100, "Strong"), based on a financial-strength score of 89/100 (it has no CFPB complaints on record). Strongly capitalized (9.4% capital ratio); Profitable (ROA 0.08%).

Is First Federal Savings And Loan Association Of Lorain FDIC-insured?

Yes. First Federal Savings And Loan Association Of Lorain is a FDIC-insured bank (FDIC certificate #29838). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.

How big is First Federal Savings And Loan Association Of Lorain?

First Federal Savings And Loan Association Of Lorain holds $567 million in total assets, ranking 119th of 157 banks we track in Ohio. It operates 6 branches.

Does First Federal Savings And Loan Association Of Lorain have CFPB complaints?

No CFPB complaints against First Federal Savings And Loan Association Of Lorain appear in our data over the analysis window, which is typical for a bank of this size.

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Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.

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