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/FIRST AND FINAL ADD -- NY027 -- FIRSTFED BANCSHARES, INC./

 FIRSTFED BANCSHARES INC CONSOLIDATED STATEMENT OF CONDITION
 (Unaudited, dollars in thousands)
 Dec. 31, June 30,
 1992 1993
 Assets
 Cash and cash equivalents $7,977 $11,211
 Investment securities 58,516 44,640
 Mortgage-backed securities 73,137 69,966
 Other mortgage related securities 14,217 15,063
 Loans receivable 226,286 239,468
 Less allowance for loan losses 1,539 1,574
 Loans receivable, net 224,747 237,894
 Real estate owned acquired through foreclosure -- 128
 Other assets 9,580 8,939
 Total assets $388,174 $387,841
 Liabilities and Stockholders' Equity
 Total deposits $317,916 $311,227
 Other liabilities 7,129 13,468
 Total liabilities 325,045 324,695
 Stockholders' equity 63,129 63,146
 Total liabilities and stockholders' equity $388,174 $387,841
 Consolidated Statement of Income
 (Unaudited, dollars in thousands except earnings per share)
 Periods ended Three months Six months
 June 30 1992 1993 1992 1993
 Interest income
 Total interest income 7,438 7,246 15,185 14,537
 Interest expense on deposits 4,552 3,391 9,320 6,988
 Net interest income 2,886 3,855 5,865 7,549
 Provision for loan losses 21 30 42 60
 Net interest income after
 provision for loan loss 2,865 3,825 5,823 7,489
 Non interest income:
 Total noninterest income 98 93 188 178
 Noninterest expense:
 BIP & ESOP expense 393 246 393 411
 Other noninterest expense 1,330 1,536 2,813 3,015
 Total noninterest expense 1,723 1,782 3,206 3,426
 Income before taxes 1,240 2,136 2,805 4,241
 Income tax provision 465 779 1,072 1,597
 Net income $775 $1,357 $1,733 $2,644
 Earnings per common share
 Primary N/A $0.44 N/A $0.83
 Fully diluted N/A $0.44 N/A $0.83
 -0- 7/9/93 AA NY027
 /PRNewswire -- July 9/
 /END FIRST AND FINAL ADD/
 (FFDP)


CO: FirstFed Bancshares, Inc. ST: Illinois IN: FIN SU: ERN

TS -- NY027A -- 9955 07/09/93 13:36 EDT
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Date:Jul 9, 1993
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