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One of the nation's highest-rated bank for financial safety and soundness
The Federal Deposit Insurance Corporation (FDIC) never releases its ratings on the safety and soundness of bank to the public. However, there are private companies that provide their own ratings of banks. The FDIC does not endorse any of the bank rating services.
- Bank rating services usually assign each institution a letter grade or numerical rating which is meant to indicate the safety or soundness of the bank.
- These rankings are determined through the use of proprietary formulas that are applied to data collected by bank regulatory agencies. These formulas vary from service to service.
- Most of the formulas use data based upon some variation of CAMELS rating factors -- Capital,
Asset quality, Management, Earnings, Liquidity and Sensitivity to market risk.
First Federal Savings Bank provides the following independent bank ratings. First Federal does not pay for this rating service.
Bauer Financial, Inc.
Website: www.bauerfinancial.com/
Phone: (800) 388-6686
Coral Gables, FL
Rating Method: Ratings are based on a 5-star scale (5-stars being the highest and 0-stars the lowest).
First Federal Rating: ***** Highest 5-star rating for 72 consecutive quarters.
LACE Financial Corporation
Website: www.lacefinancial.com
Phone: (301) 662-1011
Frederick, MD
Rating Method: Institutions are assigned ratings from A+ (best) to E, based on ratios representing liquidity, asset quality, capital, and earnings.
First Federal Rating: A
Veribanc
Website: www.veribanc.com
Phone: (800) 837-4226
Woonsocket, RI
Rating Method: Ratings consist of green (best), yellow, or red code and three (high) to zero stars. Ratings are based on actuarial studies of bank failures.
First Federal Rating: GREEN/*** (Best rating with 3 stars)
IDC Financial Publishing
Website: www.idcfp.com
Phone: (800) 525-5457
Hartland, WI
Rating Method: Rates banks on a scale of 300 (best) to 1, based on financial statistics, CAMEL factors, and ratios.
First Federal Rating: 249
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