-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IMWJJWl0EccBE8yuEa95ecJIxN/l3G1Xlql9yVB2xNN55uMzkNClAbghOsK0+6mT syikCLXd8vsVI3pOk/gU+w== 0000810536-04-000004.txt : 20040224 0000810536-04-000004.hdr.sgml : 20040224 20040223182232 ACCESSION NUMBER: 0000810536-04-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040131 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040224 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRSTFED FINANCIAL CORP CENTRAL INDEX KEY: 0000810536 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 954087449 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09566 FILM NUMBER: 04623092 BUSINESS ADDRESS: STREET 1: 401 WILSHIRE BOULEVARD CITY: SANTA MONICA STATE: CA ZIP: 90401-1490 BUSINESS PHONE: 3103196000 MAIL ADDRESS: STREET 1: 401 WILSHIRE BOULEVARD CITY: SANTA MONICA STATE: CA ZIP: 90401 8-K 1 rop0104.txt MONTHLY REPORT OF OPERATION 1/31/04 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) February 23, 2004 FirstFed Financial Corp. (Exact name of registrant as specified in its charter) Delaware 1-9566 95-4087449 (State of Incorporation) (Commission File No.) (IRS Employer Identification No.) 401 Wilshire Boulevard, Santa Monica, California 90401-1490 (Address of principal executi (Zip Code) Registrant's telephone number, including area code: (310) 319-6000 Total number of pages is 4 Index to Exhibit is on Page 3. 1 ITEM 7. FINANCIAL STATEMENTS, PRO-FORMA FINANCIAL INFORMATION AND EXHIBITS (c) Exhibits 99.0 Monthly Financial Data as of January 31, 2004 (Unconsolidated) ITEM 9. REGULATION FD DISCLOSURE. The Registrant hereby incorporates by reference into this Item 9 the summary monthly financial data as of January 31, 2004 attached as Exhibit 99.0, which is being furnished in accordance with Rule 101(e)(1) under Regulation FD and shall not be deemed to be filed. A discussion of the factors that could impact the Bank's loan portfolio in general, and the Registrant's overall business and financial performance, can be found in the Registrant's reports filed with the Securities and Exchange Commission. These factors include, among others, general economic and business conditions and changes therein, competition, consumer preferences and various other matters beyond the Registrant's control. Given these concerns, investors and analysts should not place undue reliance on the enclosed information. These reports speak only as of their stated date, and the Registrant undertakes no obligation to publicly update or revise the reports, although it may do so from time to time as management of the Registrant believes is warranted. S I G N A T U R E S Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. FIRSTFED FINANCIAL CORP. Dated: February 23, 2004 By:/s/Doulgas J. Goddard --------------------- Douglas J. Goddard Chief Financial Officer 2 INDEX TO EXHIBITS Item 99.0 Monthly Financial Information as of January 31, 2004 3 First Federal Bank of California, fsb MONTHLY REPORT OF OPERATIONS Unconsolidated Financial Highlights Unaudited (Dollars in thousands) As of, for As of, for As of, for the month the month the month ended Jan.31 ended Dec. 31, ended Jan. 31, 2004 2003 2003 Cash and investment securities $ 203,643 $ 170,729 $ 164,910 Total assets $ 4,919,858 $ 4,819,457 $ 4,318,837 LOANS: Total mortgage-backed securities $ 130,896 $ 135,176 $ 195,965 Total loans, net $ 4,438,783 $ 4,374,112 $ 3,825,828 Loans originated/purchased: Single family loans $ 126,832 $ 184,279 $ 127,826 Multi-family loans 28,314 31,922 34,954 Commercial real estate loans 2,600 1,050 2,105 Other 11,619 8,955 6,369 -------------- --------------- --------------- $ 169,365 $ 226,206 $ 171,254 ============== =============== =============== Percentage of ARMs originated: 98% 96% 63% Loan repayments: Single family loans $ 56,875 $ 60,653 $ 78,484 Multi-family and commercial real estate loans 46,907 41,948 30,661 Other 1,795 4,113 5,702 -------------- --------------- --------------- $ 105,577 $ 106,714 $ 114,847 ============== =============== =============== Loans sold $ 491 $ 1,059 $ 17,169 Average rate on loans originated/purchased 4.63% 4.66% 5.13% Percentage of portfolio in adjustable rate loans 79.56% 79.03% 71.50% Non-performing assets to total assets 0.09% 0.10% 0.12% BORROWINGS: Federal Home Loan Bank Advances $ 1,699,000 $ 1,694,000 $ 1,222,000 Reverse repurchase agreements $ 120,122 $ 122,622 $ 154,021 DEPOSITS: Retail deposits $ 2,506,591 $ 2,505,892 $ 2,310,422 Wholesale deposits 128,000 51,534 236,775 -------------- --------------- --------------- $ 2,634,591 $ 2,557,426 $ 2,547,197 ============== =============== =============== Net increase (decrease) $ 77,165 $ (7,242) $ 2,164 AVERAGE INTEREST RATES: Yield on loans 4.98% 5.01% 5.94% Yield on investments 1.92% 2.19% 4.32% Yield on earning assets 4.88% 4.96% 5.89% Cost of deposits 1.29% 1.31% 1.92% Cost of borrowings 2.77% 2.88% 3.61% Cost of money 1.90% 1.93% 2.50% Earnings spread 2.98% 3.03% 3.39% Effective net spread 3.10% 3.15% 3.53% 4
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