FIRST FS&LA OF LORAIN
LORAIN, OHIO · FDIC Cert #29838
Capital & Safety Analysis
According to FDIC financial data, FIRST FS&LA OF LORAIN holds a Tier 1 capital ratio of 24.74%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning FIRST FS&LA OF LORAIN has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
FIRST FS&LA OF LORAIN shows strong financial health indicators. With $521M in assets and a Health Score of 82/100, 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.
Frequently Asked Questions
FIRST FS&LA OF LORAIN has a Bank Health Score of A (82/100). It holds a Tier 1 capital ratio of 24.74%, 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.
FIRST FS&LA OF LORAIN holds $521M in total assets and $419M in total deposits. It is located in LORAIN, OHIO (FDIC Certificate #29838).
FIRST FS&LA OF LORAIN has a Tier 1 capital ratio of 24.74%, classifying it as "Well-Capitalized." The nonperforming loan ratio is 0.93%, and the return on assets is -1.03%.
Yes. FIRST FS&LA OF LORAIN is FDIC-insured (Certificate #29838). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically regain access to funds within two business days.