First Federal Savings and Loan Association of Lakewood

ROA: Below Average

Lakewood, OH | Charter: SB | Holding Company: FIRST MUTUAL HOLDING CO

Established: 1935-07-19

Total Assets

$2.91B

Total Deposits

$2.18B

Net Income

$3.3M

Branches

FDIC data last updated: April 2, 2026

Overview

First Federal Savings and Loan Association of Lakewood is a community bank, headquartered in Lakewood, OH. With $2.91B in total assets, First Federal Savings and Loan Association of Lakewood holds a notable position in the U.S. banking landscape (Source: FDIC BankFind). The institution operates under a SB charter. It is part of the FIRST MUTUAL HOLDING CO holding company.

First Federal Savings and Loan Association of Lakewood holds approximately $2.18B in total deposits (Source: FDIC BankFind). The bank operates 20 branches, indicating a more focused geographic footprint. Established 1935-07-19, the institution has a track record in the banking industry.

This profile uses publicly available government data to present a factual overview. It does not constitute an endorsement or recommendation of this institution. Consumers may wish to consider factors such as account fees, digital banking features, and customer service when evaluating any bank.

Financial Health Analysis

Return on Assets (ROA)

0.11%

National avg: 1.21%

Return on Equity (ROE)

1.48%

National avg: 11.47%

FDIC Insured

Yes

Up to $250,000 per depositor

First Federal Savings and Loan Association of Lakewood reports a Return on Assets (ROA) of 0.11%, which is significantly below the national average of 1.21%, which may indicate weaker profitability (Source: FDIC BankFind). In practical terms, an ROA of 0.11% means that for every $100 in assets, the bank generates approximately $0.11 in profit.

The bank's Return on Equity (ROE) is 1.48%, which is significantly below the national average of 11.47%, which may suggest challenges in generating shareholder returns (Source: FDIC BankFind). ROE measures how effectively a bank uses shareholder equity to generate profit.

First Federal Savings and Loan Association of Lakewood reported positive net income of $3.3M in the most recent reporting period (Source: FDIC BankFind). Net income reflects overall profitability after all expenses, taxes, and provisions.

Past financial performance does not guarantee future stability or profitability. These metrics reflect a single reporting period and may vary from quarter to quarter. Consult a licensed financial professional before making banking decisions based on financial data.

First Federal Savings and Loan Association of Lakewood vs. national average

Return on Assets (ROA)Below average

First Federal Savings and Loan Association of Lakewood

0.11%

Nat'l avg

1.21%

Return on Equity (ROE)Below average

First Federal Savings and Loan Association of Lakewood

1.48%

Nat'l avg

11.47%

National averages calculated from all active FDIC-insured banks.

Customer Experience

CFPB complaint data is not available for First Federal Savings and Loan Association of Lakewood. This is common for smaller community banks and does not indicate a problem. The CFPB Consumer Complaint Database primarily tracks complaints for larger financial institutions that serve a high volume of consumers.

Branch and Access

First Federal Savings and Loan Association of Lakewood operates 20 branches, indicating a focused geographic presence (Source: FDIC BankFind). Smaller branch networks are common among community banks that serve specific local markets.

The bank is headquartered in Lakewood, OH. Consumers considering this institution may want to verify branch locations near their home or workplace, as headquarter location does not always indicate where branches are concentrated.

Branch access is one factor in choosing a bank. Consumers who primarily use mobile and online banking may prioritize digital features and rates over physical branch proximity.

View banks in OH

How First Federal Savings and Loan Association of Lakewood compares to similar-sized banks

Bank	Assets	Deposits	ROA	Branches
First Federal Savings and Loan Association of Lakewood	$2.91B	$2.18B	0.11%	20
River City Bank	$5.80B	$5.15B	1.27%	9
Emigrant Bank	$5.78B	$4.31B	1.35%	6
Heritage Bank of Commerce	$5.76B	$4.91B	0.94%	17
Northfield Bank	$5.75B	$4.05B	0.05%	37

Data Sources

FDIC BankFind: Financial data including total assets, deposits, net income, ROA, and ROE for all FDIC-insured institutions. https://banks.data.fdic.gov/

CFPB Consumer Complaint Database: Consumer complaint data by institution, including complaint volumes, response rates, and top issue categories. https://www.consumerfinance.gov/data-research/consumer-complaints/

Federal Reserve Economic Data (FRED): Interest rate benchmarks including the Federal Funds Rate, Treasury yields, and national savings rate averages. https://fred.stlouisfed.org/

BankRanked is not a bank, credit union, or financial advisor. This content is for educational purposes only and does not constitute financial advice. All data is sourced from publicly available government databases (FDIC, NCUA, CFPB, FRED). Consult a licensed financial professional before making banking decisions.