First Fs&la of Lorain
Lorain, Ohio · FDIC Cert #29838
First Fs&la of Lorain is an FDIC-insured bank (Certificate #29838) with $521M in total assets and $419M in total deposits as of the Q2 2024 Call Report. Headquartered in Lorain, Ohio, the bank maintains a Tier 1 capital ratio of 24.74% (Well-Capitalized) and a nonperforming loan ratio of 0.93%. BankHealthData assigns a composite Health Grade of A (82/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
First Fs&la of Lorain (FDIC cert 29838) is a community bank — $521M in total assets, $419M in deposits, serving the Lorain, Ohio area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 24.74% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is normal: non-performing loan ratio of 0.93% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is comfortable: 27.2% of assets in liquid form — sufficient to cover meaningful deposit-outflow scenarios without forced asset sales.
Profitability is negative: ROA of -1.03% means the bank lost money during the reporting period. Sustained negative ROA erodes capital and triggers escalating regulatory attention. Health-score trend is essentially stable across the recent-quarters window — the typical pattern for established banks operating in steady-state mode. First Fs&la of Lorain carries a composite BankHealth grade of A (82/100) 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 Lorain
- Total Assets
- $521M
- Total Deposits
- $419M
- Tier 1 Capital Ratio
- 24.74%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.93%
- Liquidity Ratio
- 27.19%
- Return on Assets
- -1.03%
- Headquarters
- Lorain, Ohio
- FDIC Certificate
- #29838
- Health Grade
- A (82/100)
- Latest Call Report
- Q2 2024
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.
How First Fs&la of Lorain Compares
First Fs&la of Lorain’s Health Score of 82 is 15 points above the Ohio state average of 67 across 144 FDIC-insured banks. Its 24.74% Tier 1 capital ratio is 10.7 points above the US banking industry average near 14%. The 0.93% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of -1.03% is below the national ROA benchmark of ~1.1%. Among 1449 similarly-sized banks, the average Health Score is 70, meaning this bank ranks above its size cohort. Site-wide, First Fs&la of Lorain is 12 points above the portfolio average of 70.
Frequently Asked Questions
First Fs&la of Lorain has a Bank Health Score of A (82/100), placing it one of the safest banks in our analysis. 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.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. First Fs&la of Lorain's Tier 1 capital ratio of 24.74% and nonperforming loan ratio of 0.93% 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 Lorain is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #29838). 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 Lorain holds $521M in total assets and $419M in total deposits. It is headquartered 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." Federal regulators consider 8% the threshold for "well-capitalized." The bank's 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 — 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 A grade on our Bank Health Score means 85+/100 — top-tier capital, low loan losses, strong liquidity. 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 Lorain'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.