First Fs&La
Centerburg, Ohio · FDIC Cert #29005
First Fs&La is an FDIC-insured bank (Certificate #29005) with $24M in total assets and $18M in total deposits as of the Q2 2024 Call Report. Headquartered in Centerburg, Ohio, the bank maintains a Tier 1 capital ratio of 0.00% (Critically Undercapitalized) and a nonperforming loan ratio of 3.96%. BankHealthData assigns a composite Health Grade of F (31/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
First Fs&La (FDIC cert 29005) is a community bank — $24M in total assets, $18M in deposits, serving the Centerburg, Ohio area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Tier 1 capital ratio is not disclosed in the most recent Call Report — unusual but possible for new institutions or those filing under specific regulatory exemptions. Asset quality is elevated: non-performing loan ratio of 3.96% runs above 2%, suggesting the loan book carries more credit risk than peer banks. Elevated NPL can reflect specific portfolio concentrations or broader credit-cycle pressure. Liquidity is comfortable: 28.7% of assets in liquid form — sufficient to cover meaningful deposit-outflow scenarios without forced asset sales.
Profitability is negative: ROA of -0.11% means the bank lost money during the reporting period. Sustained negative ROA erodes capital and triggers escalating regulatory attention. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. First Fs&La carries a composite BankHealth grade of F (31/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: First Fs&La
- Total Assets
- $24M
- Total Deposits
- $18M
- Tier 1 Capital Ratio
- 0.00%
- Capital Status
- Critically Undercapitalized
- Nonperforming Loans
- 3.96%
- Liquidity Ratio
- 28.70%
- Return on Assets
- -0.11%
- Headquarters
- Centerburg, Ohio
- FDIC Certificate
- #29005
- Health Grade
- F (31/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, First Fs&La holds a Tier 1 capital ratio of 0.00%. This falls below the 6% threshold regulators require, which may subject First Fs&La to additional regulatory scrutiny.
Key Financial Metrics
What This Means For Your Money
First Fs&La shows some financial weakness with a Health Score of 31/100. This does not mean the bank will fail, but some financial indicators are below average. Your FDIC-insured deposits (up to $250,000) are fully protected by the US government.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How First Fs&La Compares
First Fs&La’s Health Score of 31 is 36 points below the Ohio state average of 67 across 144 FDIC-insured banks. Its 0.00% Tier 1 capital ratio is 14.0 points below the US banking industry average near 14%. The 3.96% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of -0.11% is below the national ROA benchmark of ~1.1%. Among 183 similarly-sized banks, the average Health Score is 70, meaning this bank ranks below its size cohort. Site-wide, First Fs&La is 39 points below the portfolio average of 70.
Frequently Asked Questions
First Fs&La has a Bank Health Score of F (31/100), placing it in weak financial health. It holds a Tier 1 capital ratio of 0.00%, which is below the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. First Fs&La's Tier 1 capital ratio of 0.00% and nonperforming loan ratio of 3.96% indicate an elevated risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at First Fs&La is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #29005). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
First Fs&La holds $24M in total assets and $18M in total deposits. It is headquartered in Centerburg, Ohio (FDIC Certificate #29005).
First Fs&La has a Tier 1 capital ratio of 0.00%, classifying it as "Critically Undercapitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 3.96%, and the return on assets is -0.11%.
Yes. First Fs&La is FDIC-insured (Certificate #29005). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An F grade on our Bank Health Score means below 40/100 — significant weakness on multiple metrics; depositors above the FDIC limit should be especially vigilant. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
First Fs&La shows financial stress on one or more metrics. While insured deposits remain protected up to $250K per depositor per ownership category, depositors with higher balances may want to spread funds across additional FDIC-insured institutions. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.