First Fs&la of Lakewood
Lakewood, Ohio · FDIC Cert #29488
First Fs&la of Lakewood is an FDIC-insured bank (Certificate #29488) with $2.9B in total assets and $2.1B in total deposits as of the Q2 2024 Call Report. Headquartered in Lakewood, Ohio, the bank maintains a Tier 1 capital ratio of 11.88% (Well-Capitalized) and a nonperforming loan ratio of 0.25%. BankHealthData assigns a composite Health Grade of B (65/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
First Fs&la of Lakewood (FDIC cert 29488) is a mid-sized bank with $2.9B in total assets and $2.1B in deposits, based in Lakewood, Ohio. Mid-sized banks typically operate regionally with a mix of commercial and consumer lending.
Capital position is adequate: Tier 1 capital ratio of 11.88% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is clean: non-performing loan ratio of 0.25% is below 0.5% — well within the healthy range for U.S. community and regional banks. Clean NPL ratios reflect either disciplined underwriting, a low-credit-risk loan mix, or both. Liquidity is thin: 11.2% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is thin: ROA of 0.38% runs below the 1% benchmark. Thin margins can reflect cyclical net-interest-margin pressure, elevated provisions for loan losses, or operating-cost inefficiency. Health-score trend is improving: the bank's composite score is up materially over the most recent quarters in the dataset. Improving trends usually reflect either capital strengthening, asset-quality recovery, or sustained profitability gains. First Fs&la of Lakewood carries a composite BankHealth grade of B (65/100) 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 of Lakewood
- Total Assets
- $2.9B
- Total Deposits
- $2.1B
- Tier 1 Capital Ratio
- 11.88%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.25%
- Liquidity Ratio
- 11.20%
- Return on Assets
- 0.38%
- Headquarters
- Lakewood, Ohio
- FDIC Certificate
- #29488
- Health Grade
- B (65/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, First Fs&la of Lakewood holds a Tier 1 capital ratio of 11.88%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning First Fs&la of Lakewood has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
First Fs&la of Lakewood shows strong financial health indicators. With $2.9B in assets and a Health Score of 65/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
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 of Lakewood Compares
First Fs&la of Lakewood’s Health Score of 65 is 2 points below the Ohio state average of 67 across 144 FDIC-insured banks. Its 11.88% Tier 1 capital ratio is 2.1 points below the US banking industry average near 14%. The 0.25% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 0.38% is below the national ROA benchmark of ~1.1%. Among 452 similarly-sized banks, the average Health Score is 73, meaning this bank ranks below its size cohort. Site-wide, First Fs&la of Lakewood is 5 points below the portfolio average of 70.
Frequently Asked Questions
First Fs&la of Lakewood has a Bank Health Score of B (65/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 11.88%, which is above 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 of Lakewood's Tier 1 capital ratio of 11.88% and nonperforming loan ratio of 0.25% indicate a low 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 of Lakewood is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #29488). 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 of Lakewood holds $2.9B in total assets and $2.1B in total deposits. It is headquartered in Lakewood, Ohio (FDIC Certificate #29488).
First Fs&la of Lakewood has a Tier 1 capital ratio of 11.88%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.25%, and the return on assets is 0.38%.
Yes. First Fs&la of Lakewood is FDIC-insured (Certificate #29488). 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 B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
First Fs&la of Lakewood's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.