-----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, D9ahBDnmZwO12VzIr3c2Ro6s+djwSLNPwlcPfh4Lsf+mHQ67Fke9PO0bk8J3TnZ1 25q+vdRdlPGLj0u0YVDMnw== 0000810536-05-000036.txt : 20051216 0000810536-05-000036.hdr.sgml : 20051216 20051216132625 ACCESSION NUMBER: 0000810536-05-000036 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20051130 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051216 DATE AS OF CHANGE: 20051216 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: 051269126 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 mrop1105.txt MONTHLY REPORT OF OPERATIONS NOVEMBER, 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) December 16, 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 (17 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 November 30, 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 November 30, 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: December 16, 2005 By: /s/ Douglas J. Goddard ---------------------- Douglas J. Goddard Chief Financial Officer INDEX TO EXHIBITS Item Page 99.1 Monthly Financial Information as of November 30, 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 11 As of, for the 11 the month ended the month ended the month ended months ended months ended November 30, October 31, November 30, November 30, November 30, 2005 2005 2004 2005 2004 ---- ---- ---- ---- ---- Cash and investment securities $ 316,748 $ 262,338 $ 295,728 $ 316,748 $ 295,728 Total assets $ 10,239,600 $ 10,020,985 7,079,368 $ 10,239,600 $ 7,079,368 LOANS: Total mortgage-backed $ 76,228 $ 78,034 $ 100,334 $ 76,228 $ 100,334 securities Total loans, net $ 9,541,125 $ 9,389,828 $ 6,480,428 $ 9,541,125 $ 6,480,428 Loans originated/purchased: Single family loans $ 330,363 $ 328,859 $ 363,885 $ 3,982,647 $ 2,642,055 Multi-family loans 24,625 23,265 94,235 399,170 610,142 Commercial real estate loans 600 5,162 9,750 45,001 51,782 Other 3,087 443 6,540 37,100 71,317 ----------- ------------- ------------ ------------ ------------ $ 358,675 $ 357,729 $ 474,410 $ 4,463,918 $ 3,375,296 ============ ============= ============ ============ ============ Percentage of ARM originated: 100% 100% 100% 100% 99% Loan repayments: Single family loans $ 154,878 $ 142,035 $ 69,037 $ 1,330,282 $ 843,553 Multi-family and commercial real estate loans 63,568 26,122 32,847 394,333 415,749 Other 3,425 6,613 2,117 40,660 39,145 ------------ ------------- ------------ ------------ ------------ $ 221,871 $ 174,770 104,001 $ 1,765,275 $ 1,298,447 ============ ============= ============ ============ ============ Loans sold $ 12,623 $ 12,119 $ -- $ 24,742 -- Average rate on loans originated/purchased 6.54% 6.40% 4.62% 5.79% 4.48% Percentage of portfolio in adjustable rate loans 95.99% 95.99% 90.74% 95.99% 90.74% Non-performing assets to total assets 0.05% 0.04% 0.02% 0.05% 0.02% BORROWINGS: Federal Home Loan Bank Advances $ 3,970,500 $ 3,716,600 $ 2,735,600 $ 3,970,500 $ 2,735,600 Reverse repurchase $ 1,176,684 $ 1,182,784 $ 192,000 $ 1,176,684 $ 192,000 agreements DEPOSITS: Retail deposits $ 2,592,991 $ 2,589,767 $ 2,540,976 $ 2,592,991 $ 2,540,976 Wholesale deposits 1,836,710 1,881,438 1,109,000 1,836,710 1,109,000 ------------ ------------- ------------ ------------ ------------ $ 4,429,701 $ 4,471,205 $ 3,649,976 $ 4,429,701 $ 3,649,976 ============ ============= ============ ============ ============ Net increase (decrease) $ $ $ $ 644,806 $ 1,092,550 (41,504) 39,120 211,367 AVERAGE INTEREST RATES: Yield on loans 5.84% 5.74% 4.62% 5.18% 4.68% Yield on investments 4.53% 4.42% 3.12% 3.99% 2.74% Yield on earning assets 5.80% 5.71% 4.55% 5.15% 4.59% Cost of deposits 2.94% 2.85% 1.62% 2.30% 1.37% Cost of borrowings 3.95% 3.81% 2.51% 3.25% 2.53% Cost of money 3.48% 3.35% 2.01% 2.80% 1.89% Earnings spread 2.33% 2.36% 2.54% 2.35% 2.70% Effective net spread 2.45% 2.47% 2.62% 2.45% 2.78%
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