Last $14.75 USD
Change Today 0.00 / 0.00%
Volume 0.0
FFSL On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

first independence corp (FFSL) Snapshot

Open
$14.75
Previous Close
$14.75
Day High
$14.75
Day Low
$14.75
52 Week High
12/30/13 - $16.90
52 Week Low
10/9/13 - $10.02
Market Cap
12.7M
Average Volume 10 Days
100.0
EPS TTM
$1.46
Shares Outstanding
863.7K
EX-Date
07/29/10
P/E TM
10.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for FIRST INDEPENDENCE CORP (FFSL)

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first independence corp (FFSL) Details

First Independence Corporation operates as a savings and loan holding company for First Federal Savings and Loan Association of Independence that provides various banking and financial services to individual and corporate customers in southeastern Kansas. It offers checking, savings, and retirement accounts. The company also provides residential 1-4 family and home equity lines of credit real estate; non-owner occupied residential and other real estate; construction, and lots and development real estate; mobile home; and consumer loans, such as automobile loans and loans for other personal purposes. In addition, it offers remote banking; and other services comprising Visa cards, safe deposit boxes, and MasterCard gift cards. The company serves Montgomery, Crawford, and Wilson Counties, as well as the eastern part of Chautauqua County through its office located at Independence, Kansas; and through three full service branches located at Coffeyville, Pittsburg, and Neodesha, Kansas. It also operates a loan production office in Lawrence, Kansas. First Independence Corporation was founded in 1905 and is based in Independence, Kansas.

first independence corp (FFSL) Top Compensated Officers

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first independence corp (FFSL) Key Developments

First Independence Corporation Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014

First Independence Corporation reported consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported net interest income of $1,008,000 compared to $944,000 a year ago. Net income was $70,000 or $0.08 per diluted share compared to net loss of $258,000 or $0.31 per diluted share a year ago. Return on average assets was 0.20% compared to negative return on average assets of 0.69% a year ago. Return on average equity was 2.07% compared to negative return on average equity of 6.66% a year ago. Total interest income was $1,354,019 compared to $1,417,114 a year ago. Net interest income was $1,008,491 compared to $944,039 a year ago. Net interest income after provision for loan losses was $1,008,491 compared to $944,039 a year ago. Earnings before income taxes were $69,517 compared to loss before income taxes of $428,967 a year ago. For the nine months, the company reported net interest income of $2,959,000 compared to $2,855,000 a year ago. Net income was $391,000 or $0.46 per diluted share compared to net loss of $264,000 or $0.32 per diluted share a year ago. Return on average assets was 0.38% compared to negative return on average assets of 0.23% a year ago. Return on average equity was 3.90% compared to negative return on average equity of 2.27% a year ago. Total interest income was $4,045,526 compared to $4,395,281 a year ago. Net interest income was $2,958,721 compared to $2,854,893 a year ago. Net interest income after provision for loan losses was $2,958,721 compared to $2,795,774 a year ago. Earnings before income taxes were $390,792 compared to loss before income taxes of $700,330 a year ago.

First Independence Corporation Reports Consolidated Earnings Results for the Second Quarter and First Half Ended March 31, 2014

First Independence Corporation reported consolidated earnings results for the second quarter and first half ended March 31, 2014. The company reported net earnings of $118,000 for the second quarter of fiscal 2014, compared to net earnings of $52,000 for the second quarter of fiscal 2013. Diluted earnings per share of common stock for the second quarter of fiscal 2014 were $0.14, compared to diluted earnings per share of $0.06 for the second quarter of fiscal 2013. Return on average assets for the second quarter of fiscal 2014 was 0.34% (annualized), compared to 0.13% (annualized), for the same period last year. Return on average equity for the second quarter of fiscal 2014 was 3.54% (annualized), compared to 1.34% (annualized), in the second quarter of fiscal 2013. Total interest income was $1,333,110 compared to $1,453,035 for the last year. Net interest income was $973,070 compared to $938,191 for the last year. Income before income taxes was $118,419 compared to loss of $194,563 for the last year. Net earnings for the first half of fiscal 2014 were $321,000, compared to net losses of $6,000 for the first half of fiscal 2013. Diluted earnings per share for the six months ended March 31, 2014 were $0.38, compared to diluted loss per share of $0.01 for the six months ended March 31, 2013. Return on average assets for the first half of fiscal 2014 was 0.46% (annualized), compared to negative 0.01% (annualized), for the same period last year. Return on average equity for the first six months of fiscal 2014 was 4.82% (annualized), compared to negative 0.08% (annualized), for the first six months of fiscal 2013. Total interest income was $2,691,507 compared to $2,978,167 for the last year. Net interest income was $1,950,230 compared to $1,910,854 for the last year. Income before income taxes was $321,275 compared to loss of $271,363 for the last year.

First Independence Corporation Announces Consolidated Earnings Results for the First Quarter Ended December 31, 2013

First Independence Corporation announced consolidated earnings results for the first quarter ended December 31, 2013. For the quarter, the company reported net earnings of $203,000 compared to a net loss of $58,000 for the first quarter of fiscal 2013. Diluted earnings per share of common stock was $0.24, compared to diluted loss per share of $0.07 for the first quarter of fiscal 2013. Return on average assets was 0.59% (annualized), compared to negative return on average assets of 0.15% (annualized), for the same period last year. Return on average equity was 6.12% (annualized), compared to negative return on average equity of 1.49% (annualized), in the first quarter of fiscal 2013. Total interest income was $1,358,397 against $1,525,132 last year. Net interest income was $977,160 against $972,663 last year. Net interest income after provision for loan losses was $977,160 against $873,458 last year. Income before income taxes was $202,856 against loss before income taxes of $76,800 last year.

 

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Price/Sales 2.5x
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