First Federal Bank: how it compares with its peers
Against 12 FL banks with half to twice its assets, First Federal Bank's strongest measure in Q2 2026 is return on assets (1.19% vs. a 1.48% peer median). Its weakest relative measure is net interest margin (3.32% vs. 3.68%).
| Measure | First Federal Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.19% | 1.48% | Bottom third Ahead of 33% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.32% | 3.68% | Bottom third Ahead of 17% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 66.69% | 56.57% | Bottom third Ahead of 17% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.5M | $11.8M | Bottom third Ahead of 25% of peers |
| Loans to deposits Net loans and leases over total deposits. | 41.35% | 79.23% | Context |
What it means for lending operations
Its efficiency ratio of 66.69% is above the 56.57% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Capital City Bank Tallahassee, FL · $4.45B
- Banco do Brasil Americas Miami, FL · $3.47B
- Emigrant Bank Miami, FL · $5.68B
- The Bank of Tampa Tampa, FL · $3.02B
- U. S. Century Bank Doral, FL · $3.02B
- Banesco USA Miami, FL · $5.98B
Questions about First Federal Bank
How big is First Federal Bank?
First Federal Bank, established in 1961, is headquartered in Lake City, FL. It reported $4.49B in total assets in its Q2 2026 FDIC call report and operates 29 offices.
What is First Federal Bank's return on assets?
1.19% annualized in Q2 2026, against a 1.48% median for 12 FL banks with half to twice its assets, ahead of 33% of them.
What is First Federal Bank's efficiency ratio?
66.69% in Q2 2026: it spent about 67 cents in noninterest expense for each dollar of revenue. The peer median is 56.57%, and lower is better.
Is First Federal Bank growing its loans?
Net loans grew 4.5% over the year to Q2 2026, while deposits grew 7.1%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are FL banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Florida bank ranked.