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 20, 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 6
Index to Exhibit is on Page 3.
<PAGE>
ITEM 7. FINANCIAL STAEMENTS, PRO-FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits
99. Monthly Financial Data as of September 30, 2000, October 31, 2000
and November 30, 2000.
ITEM 9. REGULATION FD DISCLOSURE.
The Registrant hereby incorporates by reference into this Item 9 the
summary monthly financial data, as of September 30, 2000, October 31, 2000
and November 30, 2000 attached as Exhibit 99, which is being furnished in
accordance with Rule 101(e)(1) under Regulation FD and shall not be deemed
to be filed.
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 20, 2000 By:
Douglas J. Goddard
Chief Financial Officer
S:/share/account/share/finrptg/mrop/2000/8k1100.doc
<PAGE>
INDEX TO EXHIBITS
Item Page
99. Monthly Financial Information as of September 30, 2000 4
99. Monthly Financial Information as of October 31, 2000 5
99. Monthly Financial Information as of November 30, 2000 6
<PAGE>
<TABLE>
<CAPTION>
MONTHLY REPORT OF OPERATIONS
Unaudited, Unconsolidated Financial Highlights
As of, for the Month As of, for the 9 Months
Ended September 30, Ended September 30,
---------------------- ----------------------
2000 1999 2000 1999
(Dollars in thousands)
<S> <C> <C> <C> <C>
AVERAGE INVESTMENTS $146,439 $201,324 $163,052 $194,247
LOANS
Total Loans and Mortgage-
Backed Securities $3,919,402 $3,420,672 $3,919,402 $3,420,672
Loans Originated/Purchased $60,097 $207,882 $854,884 $745,248
Loans Sold $952 $1,549 $5,519 $128,021
Average Rate on Loans
Originated/Purchased 8.23% 7.03% 7.59% 7.09%
Percentage of Portfolio in
Adjustable Rate Loans 92.60% 92.02% 92.60% 92.02%
Non-performing Assets
to Total Assets 0.25% 0.37% 0.25% 0.37%
BORROWINGS
Federal Home Loan Bank
Advances $1,469,000 $1,114,000 $1,469,000 $1,114,000
Reverse Repurchase
Agreements $321,822 $337,733 $321,822 $337,733
DEPOSITS
Retail Deposits $1,686,996 $1,528,732 $1,686,996 $1,528,732
Wholesale Deposits $474,734 $482,229 $474,734 $482,229
---------- ---------- ---------- ----------
$2,161,730 $2,010,961 $2,161,730 $2,010,961
Net Increase (Decrease) $26,907 $(32,964) $96,649 $(137,922)
AVERAGE INTEREST RATES
Yield on Loans 8.09% 7.27% 7.72% 7.38%
Yield on Investments 5.83% 5.64% 6.25% 5.35%
Yield on Earning Assets 8.00% 7.17% 7.66% 7.27%
Cost of Deposits 4.83% 4.18% 4.62% 4.18%
Cost of Borrowings 6.59% 5.36% 6.20% 5.28%
Cost of Money 5.63% 4.63% 5.31% 4.59%
Earnings Spread 2.37% 2.54% 2.35% 2.68%
Effective Net Spread 2.55% 2.80% 2.53% 2.92%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
MONTHLY REPORT OF OPERATIONS
Unaudited, Unconsolidated Financial Highlights
As of, for the Month As of, for the 10 Months
Ended October 31, Ended October 31,
---------------------- ---------------------
2000 1999 2000 1999
(Dollars in thousands)
<S> <C> <C> <C> <C>
AVERAGE INVESTMENTS $144,372 $199,695 $161,184 $194,792
LOANS
Total Loans and Mortgage-
Backed Securities $3,940,047 $3,431,072 $3,940,047 $3,431,072
Loans Originated/Purchased $60,972 $61,967 $915,856 $807,215
Loans Sold $1,230 $1,115 $6,749 $129,136
Average Rate on Loans
Originated/Purchased 8.38% 7.16% 7.64% 7.10%
Percentage of Portfolio in
Adjustable Rate Loans 92.49% 91.90% 92.49% 91.90%
Non-performing Assets
to Total Assets 0.22% 0.36% 0.22% 0.36%
BORROWINGS
Federal Home Loan Bank
Advances $1,489,000 $1,054,000 $1,489,000 $1,054,000
Reverse Repurchase
Agreements $298,873 $373,780 $298,873 $373,780
DEPOSITS
Retail Deposits $1,694,859 $1,537,076 $1,694,859 $1,537,076
Wholesale Deposits $488,054 $496,076 $488,054 $496,076
---------- ---------- ---------- ----------
$2,182,913 $2,033,152 $2,182,913 $2,033,152
Net Increase (Decrease) $21,183 $22,191 $117,832 $(115,731)
AVERAGE INTEREST RATES
Yield on Loans 8.23% 7.30% 7.77% 7.37%
Yield on Investments 5.83% 5.66% 6.21% 5.38%
Yield on Earning Assets 8.15% 7.21% 7.71% 7.26%
Cost of Deposits 4.87% 4.23% 4.65% 4.18%
Cost of Borrowings 6.55% 5.43% 6.24% 5.30%
Cost of Money 5.63% 4.72% 5.34% 4.60%
Earnings Spread 2.52% 2.49% 2.37% 2.66%
Effective Net Spread 2.70% 2.72% 2.54% 2.90%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
MONTHLY REPORT OF OPERATIONS
Unaudited, Unconsolidated Financial Highlights
As of, for the Month As of, for the 11 Months
Ended November 30, Ended November 30,
---------------------- ---------------------
2000 1999 2000 1999
(Dollars in thousands)
<S> <C> <C> <C> <C>
AVERAGE INVESTMENTS $141,827 $198,177 $159,424 $195,100
LOANS
Total Loans and Mortgage-
Backed Securities $3,946,797 $3,467,151 $3,946,797 $3,467,151
Loans Originated/Purchased $54,510 $71,078 $970,366 $878,293
Loans Sold $1,683 $1,966 $8,432 $131,102
Average Rate on Loans
Originated/Purchased 8.36% 7.05% 7.68% 7.10%
Percentage of Portfolio
in Adjustable Rate Loans 92.35% 91.86% 92.35% 91.86%
Non-performing Assets
to Total Assets 0.21% 0.46% 0.21% 0.46%
BORROWINGS
Federal Home Loan Bank
Advances $1,524,000 $1,089,000 $1,524,000 $1,089,000
Reverse Repurchase
Agreements $294,110 $366,317 $294,110 $366,317
DEPOSITS
Retail Deposits $1,695,793 $1,530,467 $1,695,793 $1,530,467
Wholesale Deposits $447,749 $510,704 $447,749 $510,704
---------- ---------- ---------- ----------
$2,143,542 $2,041,171 $2,143,542 $2,041,171
Net Increase (Decrease) $(39,371) $8,019 $78,461 $(107,712)
AVERAGE INTEREST RATES
Yield on Loans 8.26% 7.33% 7.82% 7.37%
Yield on Investments 5.79% 5.69% 6.18% 5.41%
Yield on Earning Assets 8.18% 7.24% 7.75% 7.26%
Cost of Deposits 4.91% 4.29% 4.67% 4.19%
Cost of Borrowings 6.48% 5.49% 6.26% 5.32%
Cost of Money 5.62% 4.79% 5.37% 4.62%
Earnings Spread 2.56% 2.45% 2.38% 2.64%
Effective Net Spread 2.75% 2.69% 2.55% 2.88%
</TABLE>
