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 27, 2000
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
Total number of pages is 4
Index to Exhibit is on Page 3.
<PAGE>
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits
99.1 Loan Portfolio Segment Report of First Federal Bank of
California as of November 30, 2000
ITEM 9. REGULATION FD DISCLOSURE
The Registrant hereby incorporates by reference into this Item 9 the
Loan Portfolio Segment Report as of November 30, 2000, 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.
This information is being presented by management of the Registrant
in response to the request of various analysts and investors for additional
information regarding the single family loan portfolio of Registrant's sole
subsidiary, First Federal Bank of California (the "Bank"). Specifically,
the report presents information which management believes is relevant to the
perceived issue of prepayment risk on recently originated single family home
loans in the Bank's portfolio. Information regarding prepayment risk on
other loans in the Bank's portfolio is not presented herein. A discussion
of the factors that could impact this area as to 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. This report speaks only as of its stated date,
and the Registrant undertakes no obligation to publicly update or revise the
report, 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: December 27, 2000 By: /S/
Douglas J. Goddard
Chief Financial Officer
<PAGE>
INDEX TO EXHIBITS
Item Page
99.1 Loan Portfolio Segment Report of First Federal Bank of California 4
as of November 30, 2000
<PAGE>
First Federal Bank of California, fsb
Loan Portfolio Stratification
as of 11/30/2000
(000's omitted)
Total Real Estate Loan Portfolio
Bank Owned Percent of
Property Type Balance Total
Single $2,138,489 59%
Family
Multifamily $1,302,704 36%
Commercial & Ind $192,389 5%
Total Real Estate $3,633,582 100%
Loans
Single
Family
Without Prepayment $1,977,315 92%
Penalty
With Prepayment $161,174 8%
Penalty
Total Single $2,138,489 100%
Family Loans
Bank Owned
Age Balance
0 to 5 Yrs $1,278,906 65%
>5 - 10 Yrs $490,173 25%
>10 Yrs $208,236 11%
Total $1,977,315 100%
Loans 0 to Five Years
Current Balances by Current Principal Balance
Interest
Rate Range
$252 $252-$275 $275-$500 $500-$1,000 $1,000 Total
<7% $4,993 $1,062 $10,427 $22,020 $29,033 $67,535
7 - 7.25% 1,440 0 4,819 12,918 28,280 47,457
7.25%-7.50% 2,303 1,068 5,763 16,030 16,305 41,469
7.50%-7.75% 1,784 0 1,364 4,856 13,778 21,782
7.75%-8.00% 19,617 2,613 36,200 32,328 15,057 105,815
8.00%-8.25% 39,512 10,318 92,584 100,987 89,381 332,782
8.25%-8.50% 46,436 9,260 75,867 96,231 108,629 336,423
8.50%-8.75% 30,580 6,341 49,586 29,346 47,722 163,575
8.75%-9.00% 28,673 3,434 34,711 8,042 2,858 77,718
9.00%-10% 61,050 2,390 15,781 3,664 1,304 84,189
>10% 161 0 0 0 0 161
Total $236,549 $36,486 $327,102 $326,422 $352,347 $1,278,906
