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Last $16.50 USD
Change Today +1.00 / 6.45%
Volume 2.5K
FFSL On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

first independence corp (FFSL) Snapshot

Open
$16.50
Previous Close
$15.50
Day High
$16.50
Day Low
$16.50
52 Week High
10/10/14 - $17.75
52 Week Low
06/16/15 - $12.65
Market Cap
14.3M
Average Volume 10 Days
2.7K
EPS TTM
$1.46
Shares Outstanding
863.7K
EX-Date
07/29/10
P/E TM
11.3x
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, certificates of deposit, 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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Executives, Board Directors

first independence corp (FFSL) Key Developments

First Independence Corporation Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2015

First Independence Corporation announced consolidated earnings results for the second quarter and six months ended March 31, 2015. The company reported net earnings of $175,000 for the second quarter of fiscal 2015, compared to net earnings of $118,000 for the second quarter of fiscal 2014. Diluted earnings per share of common stock for the second quarter of fiscal 2015 were $0.21, compared to diluted earnings per share of $0.14 for the second quarter of fiscal 2014. Return on average assets for the second quarter of fiscal 2015 was 0.51% (annualized), compared to 0.34% (annualized), for the same period last year. Return on average equity for the second quarter of fiscal 2015 was 5.02% (annualized), compared to 3.54% (annualized), in the second quarter of fiscal 2014. Net interest income was $1,046,828 against $973,070 a year ago. Income before income taxes was $175,450 against $118,419 a year ago. Net earnings for the first half of fiscal 2015 were $381,000, compared to net earnings of $321,000 for the first half of fiscal 2014. Diluted earnings per share for the six months ended March 31, 2015 were $0.46, compared to diluted earnings per share of $0.38 for the six months ended March 31, 2014. Return on average assets for the first half of fiscal 2015 was 0.56% (annualized), compared to 0.46% (annualized), for the same period last year. Return on average equity for the first six months of fiscal 2015 was 5.48% (annualized), compared to 4.82% (annualized), for the first six months of fiscal 2014. Net interest income was $2,127,370 against $1,950,230 a year ago. Income before income taxes was $380,855 against $321,275 a year ago.

First Independence Corporation Reports Earnings Results for the Fourth Quarter and Year Ended September 30, 2014

First Independence Corporation reported earnings results for the fourth quarter and year ended September 30, 2014. Net Interest Income was $1,020,841 against $972,231 a year ago. The company reported net income of $181,000 for the fourth quarter of fiscal 2014, compared to a net loss of $2.24 million for the fourth quarter of fiscal 2013. Diluted earnings per share of common stock for the fourth quarter of fiscal 2014 were $0.22, compared to diluted loss per share of $2.68 for the fourth quarter of fiscal 2013. Return on average assets for the fourth quarter of fiscal 2014 was 0.53% (annualized), compared to negative 6.31% (annualized), for the same period last year. Return on average equity for the fourth quarter of fiscal 2014 was 5.31% (annualized), compared to negative 64.46% (annualized), in the fourth quarter of fiscal 2013. Income before income taxes was $181,002 against $75,111 a year ago. Net Interest Income was $3,979,562 against $3,827,124 a year ago. Net earnings for the 2014 fiscal year was $572,000, compared to a net loss of $2.5 million for the 2013 fiscal year. Diluted earnings per share for the 2014 fiscal year was $0.68, compared to a diluted loss per share of $2.99 for the 2013 fiscal year. Return on average assets for the 2014 fiscal year was 0.41%, compared to negative 1.65% for the same period last year. Return on average equity for the 2014 fiscal year was 4.26%, compared to negative 16.52% for fiscal 2013. Income before income taxes was $571,794 against loss before income tax of $625,219 a year ago.

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.

 

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FFSL

Industry Average

Valuation FFSL Industry Range
Price/Earnings 20.5x
Price/Sales 2.5x
Price/Book 0.9x
Price/Cash Flow -- Not Meaningful
TEV/Sales -- Not Meaningful

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