A Message from our President

At First Federal, safety and soundness come first.

Since our beginning in 1916, this guiding principle has served as the foundation for our success. For nearly a century, First Federal has weathered the ups and downs inherent in our ever-changing economy. Today we find ourselves well-positioned, perhaps more so than at any other time in our history, to handle the economic downturns and the challenges in today’s market economy. We are highly capitalized and prepared for economic fluctuations, which allows us to meet our customers' and communities' needs - even in uncertain times.

The investment and mortgage firms who have created today's "crisis" are not banks. Their function, their purpose, and their regulations differ from federally insured depository institutions.

As a community bank, we are big enough to meet our customers' needs yet small enough to do it right. We are also a member of the Federal Deposit Insurance Corporation (FDIC) which insures your deposits up to $100,000 for regular accounts with additional protection depending on their structure, and up to $250,000 for retirement accounts. The FDIC guarantees your accounts with more than $52 billion in assets to protect depositors.

First Federal will continue to be a source of stability and growth in the Magic Valley and Mini-Cassia communities. I invite you to call me on my direct line at 208-736-4421 should you have any questions or concerns regarding First Federal, your money, or FDIC insurance options available to you.

C. Alan Horner
Chairman of the Board of Directors, President, Chief Executive Officer
July 2008