Capital Strength & Security
It makes sense to verify that your deposits are with a financial institution that is protecting their assets.
Fortunately, we are pleased to report that First Federal Bank has tremendous financial strength and is one of the strongest financial institutions in the Midwest.
1) First Federal Bank of Kansas City is Extremely Well-Capitalized
First Federal Bank is the envy of many banks during these uncertain economic times. A key factor in the strength of a bank is the amount of capital it possesses.
First Federal Bank has nearly $57 Million in capital, and nearly $400 Million in assets. Bank regulators consider a bank the size of First Federal Bank “adequately” capitalized if it has at least 4% of assets ($15 Million) in capital, and “well capitalized” at 5% ($19 Million).
First Federal Bank’s capital position is over 14% ($57 Million) and places it among the strongest and best capitalized banks in the Midwest.
Currently some banks are promoting their safety and soundness with capital levels of 7%. First Federal Bank’s capital position is nearly twice as strong as those institutions promoting their capital levels.
Visit Us to Learn More
You can learn more about First Federal Bank’s strength by visiting a First Federal location nearest you.
We will be happy to visit with you about First Federal Bank’s outstanding capital position. We will also be happy to explain FDIC insurance and identify the coverage you have on your deposits at First Federal Bank. We can open additional accounts for you if you are interested in moving money from other institutions.