-----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, R+K7wqQt198pCDw6RyQ3g0AhAXzw0lZO9OGyCSbafltXrvI8U/gCuy+DrmJ6Txwh dd0tbAJEuuIzJqd5RIE6ew== 0000810536-05-000033.txt : 20051118 0000810536-05-000033.hdr.sgml : 20051118 20051118135128 ACCESSION NUMBER: 0000810536-05-000033 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20051031 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051118 DATE AS OF CHANGE: 20051118 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: 051214767 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 mrop1005.txt MONTHLY REPORT OF OPERATIONS, OCTOBER 31, 2005 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) November 18,2005 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 executive offices) (Zip Code) Registrant's telephone number, including area code: (310) 319-6000 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a 12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act 917 CFR 240.13e-4(c)) Total number of pages is 4 Index to Exhibit is on Page 3 ITEM 7.01. REGULATION FD DISCLOSURE. The Registrant hereby incorporates by reference into this Item. 7 the summary monthly financial data as of October 31, 2005 attached as Exhibit 99.1, 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. ITEM 9.01. FINANCIAL STATEMENTS, PRO-FORMA FINANCIAL INFORMATION AND EXHIBITS (c) Exhibits 99.1 Monthly Financial Data as of October 31, 2005 (Unconsolidated) 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: November 18, 2005 By: /s/ ---------------------- Douglas J. Goddard Chief Financial Officer INDEX TO EXHIBITS Item Page 99.1 Monthly Financial Information as of October 31, 2005 4 EXHIBIT 99.1 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 As of, for the 10 As of, for the 10 the month ended the month ended the month ended months ended months ended October 31, September 30, October 31, October 31, October 31, 2005 2005 2004 2005 2004 ---- ---- ---- ---- ---- Cash and investment securities $ 262,338 $ 256,924 $ 309,447 $ 262,338 $ 309,447 Total assets $ 10,020,985 $ 9,850,978 $ 6,714,227 $ 10,020,985 $ 6,714,227 LOANS: Total mortgage-backed $ 78,034 $ 79,460 $ 103,560 $ 78,034 $ 103,560 securities Total loans, net $ 9,389,828 $ 9,231,129 $ 6,104,738 $ 9,389,828 $ 6,104,738 Loans originated/purchased: Single family loans $ 328,859 $ 357,105 $ 301,572 $ 3,652,284 $ 2,278,261 Multi-family loans 23,265 22,810 62,639 374,545 515,907 Commercial real estate loans 5,162 1,600 9,801 44,401 42,032 Other 443 1,310 5,787 34,013 64,906 ------------ ------------- ------------ ------------ ------------ $ 357,729 $ 382,825 $ 379,799 $ 4,105,243 $ 2,901,106 ============ ============= ============ ============ ============ Percentage of ARMs originated: 100% 100% 100% 100% 99% Loan repayments: Single family loans $ 142,040 $ 171,125 $ 83,891 $ 1,175,409 $ 774,516 Multi-family and commercial real estate loans 26,122 42,041 18,389 330,765 382,902 Other 6,613 1,290 3,012 37,235 37,027 ------------ ------------- ------------ ------------ ------------ $ 174,775 $ 214,456 $ 105,292 1,543,409 1,194,445 ============ ============= ============ ============ ============= Loans sold $ 12,114 $ -- $ -- $ 12,114 $ 3,297 Average rate on loans originated/purchased 6.40% 6.26% 4.55% 5.72% 4.46% Percentage of portfolio in adjustable rate loans 95.99% 95.91% 89.96% 95.99% 89.96% Non-performing assets to total assets 0.04% 0.07% 0.03% 0.04% 0.03% BORROWINGS: Federal Home Loan Bank Advances $ 3,716,600 $ 3,654,900 $ 2,584,500 $ 3,716,600 $ 2,584,500 Reverse repurchase $ 1,182,784 $ 1,125,838 $ 192,000 $ 1,182,784 $ 192,000 agreements DEPOSITS: Retail deposits $ 2,589,767 $ 2,594,533 $ 2,556,835 $ 2,589,767 $ 2,556,835 Wholesale deposits 1,881,438 1,837,552 881,774 1,881,438 881,774 ------------ ------------- ------------ ------------ ---------- $ 4,471,205 $ 4,432,085 $ 3,438,609 $ 4,471,205 $ 3,438,609 ============ ============= ============ ============ ========== Net increase (decrease) $ 39,120 $ 151,645 $ 165,275 $ 686,310 $ 881,184 AVERAGE INTEREST RATES: Yield on loans 5.74% 5.39% 4.54% 5.11% 4.69% Yield on investments 4.42% 4.01% 3.13% 3.93% 2.70% Yield on earning assets 5.71% 5.36% 4.47% 5.08% 4.60% Cost of deposits 2.85% 2.74% 1.52% 2.24% 1.34% Cost of borrowings 3.81% 3.63% 2.55% 3.18% 2.53% Cost of money 3.35% 3.20% 1.98% 2.73% 1.86% Earnings spread 2.36% 2.16% 2.49% 2.35% 2.74% Effective net spread 2.47% 2.28% 2.57% 2.45% 2.83%
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