Statement of Condition

FINANCIAL STATEMENT AS OF DECEMBER 31, 2009

ASSETS
First Mortgage Loans	$ 377,515,546.12
Repossessed Asset	$ 700,345.05
Consumer Loans	$ 1,882,842.66
Cash and Securities	$ 23,503,211.82
Assets Held for Sale	$ 2,000,000.00
Stock in FHLB and Other Investments	$ 16,005,890.79
Office Buildings, Less Depreciation, Land	$7,649,180.94
Furniture, Fixtures & Equipment, Less Depreciation	$ 334,156.59
Other Assets	$ 3,083,023.71
TOTAL ASSETS	$ 432,674,197.68

LIABILITIES
Savings and Transaction Accounts	$ 128,600,506.86
Certificate Accounts	$ 228,681,987.14
Other Borrowings	$ 15,000,000.00
Other Liabilities	$ 2,571,287.01
TOTAL LIABILITIES	$ 374,853,781.01

NET WORTH
Reserve For Contingencies	$ 273,359.80
Undivided Profits	$ 54,502,000.24
Federal Insurance Reserve	$ 3,034,325.03
Market Value Adjustment	$ 10,731.60
TOTAL NET WORTH	$ 57,820,416.67
TOTAL LIABILITIES & NET WORTH	$ 432,674,197.68

REGULATORY CAPITAL REQUIREMENTS
	Tangible Capital at 1.5%	Core Capital at 4%	Risk-Based Capital at 8%
FIRST FEDERAL'S CAPITAL	$ 57,808,000	$ 57,808,000	$ 54,487,000
REQUIREMENTS	$ 6,548,000	$ 17,462,000	$ 20,283,000
EXCESS CAPITAL	$ 51,260,000	$ 0,346,000	$ 36,204,000

This statement has been prepared in accordance with the regulatory reporting requirements of the Office of Thrift Supervision (OTS). Tangible, Core, and Total Risk Based Capital are the elements of regulatory capital determined under such reporting requirements. Regulatory capital is a basis by which the OTS determines whether a savings association is operating in a safe and sound manner.

First Federal's annual audited financial statements are available to the public by writing to: Anthony T. Campana, Treasurer, at First Federal Savings of Lorain, 3721 Oberlin Avenue, Lorain, Ohio 44053-2795.

Backed by the full faith and credit of the United States Government.

I, Anthony T. Campana, Treasurer, of the above-named savings association, do hereby declare that this statement of condition has been prepared in conformance with the instructions issued by the Office of Thrift Supervision and is true to the best of my knowledge and belief.

Anthony T. Campana
Treasurer

Friday,
July 30, 2010
10:31 pm / 72 ° F

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