Last $11.75 USD
Change Today 0.00 / 0.00%
Volume 0.0
FFSL On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 04/2/14 All times are local (Market data is delayed by at least 15 minutes).

first independence corp (FFSL) Snapshot

Open
$11.75
Previous Close
$11.75
Day High
$11.75
Day Low
$11.75
52 Week High
12/30/13 - $16.90
52 Week Low
06/25/13 - $7.12
Market Cap
10.1M
Average Volume 10 Days
0.0
EPS TTM
$1.46
Shares Outstanding
863.7K
EX-Date
07/29/10
P/E TM
8.0x
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 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.

First Independence Announces Consolidated Earnings Results for the Fourth Quarter and Fiscal Year Ended September 30, 2013

First Independence announced consolidated earnings results for the fourth quarter and fiscal year ended September 30, 2013. For the fourth quarter ended September 30, 2013, the company reported a net loss of $2.24 million compared to a net loss of $83,556 for the fourth quarter of fiscal 2012. Diluted loss per share of common stock was $2.68 compared to diluted loss per share of $0.10 for the fourth quarter of fiscal 2012. Return on average assets was negative 6.31% compared to 0.21% for the same period last year. Return on average equity was negative 64.46% compared to 2.11% in the fourth quarter of fiscal 2012. Net interest income was $976,074 against $1,062,029 last year. Income before income taxes was $75,111 against loss before income taxes of $140,891 last year. Net loss for the 2013 fiscal year was $2.50 million compared to net income of $516,002 for the 2012 fiscal year. Diluted loss per share was $2.99 compared to diluted earnings per share of $0.62 for the 2012 fiscal year. Return on average assets was negative 1.65% compared to return on average assets of 0.31% for last year. Return on average equity was negative 16.52% compared return on average equity of to 3.33% for fiscal 2012. Net interest income was $3,830,967 against $4,667,524 last year. Loss before income taxes was $625,219 against profit before income taxes of $424,171 last year.

First Independence Corporation Announces Auditor Change

First Independence Corporation approved to terminate Messineo & Co. CPAs LLC as the company's independent registered public accounting firm. Concurrent with this action, Board of Directors of the company ratified the appointment of KBL LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2013.

 

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Valuation FFSL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.0x
Price/Book 0.7x
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