FirstFed Financial Corp., parent company of First Federal Bank of California, experienced a net loss of $53.4 million or $3.90 per diluted share of common stock in the first quarter of 2009. The loss resulted primarily from a $75 million provision for loan losses. First Federal Bank of California’s presence in the San Fernando Valley includes branches in Agoura Hills, Encino, Tarzana, Thousand Oaks and Westlake Village. The $75 million loan loss provision was the result of continued high levels of loan delinquencies and foreclosures, further deterioration in the California real estate market and increases in unemployment during the first quarter, said the bank in a press release. The bank’s risk-based capital ratio was 10.36 percent as of March 31, 2009, and its core and tangible assets ratios were 5.10 percent. At the end of the first quarter, the parent company and bank were in compliance with the minimum capital ratios required by Cease and Desist Orders issued by the Office of Thrift Supervision on January 26, 2009. Eric Billingsley