SEC Contract Filing

Filing Date: 2025-05-12

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex_814804.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: right;">Exhibit 10.1</p>

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<p style="font-family:Times New Roman;font-size:18pt;font-variant:small-caps;text-align:center;margin:0pt;"><b>First Fed</b></p>

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<p style="font-family:Times New Roman;font-size:18pt;font-variant:small-caps;text-align:center;margin:0pt;"><b>2025 Executive Officer Incentive Plan</b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;margin:0pt;"><b>Objectives</b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">The objectives of the First Fed Bank (the &#8220;Bank&#8221;) 2025 Officer Incentive Plan (the &#8220;Plan&#8221;) are to reward and incent designated executives for their contributions to the performance and success of the Bank. The Plan seeks to reward financial performance which the Bank Board of Directors and the Compensation Committee (the &#8220;Committee&#8221;) determine to be critical to the Bank&#8217;s growth and profitability. This document provides an overview of the elements and features of the Plan. The document operates in conjunction with the Plan participation agreements that are entered into by each employee who is designated for participation in the Plan.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">The key objectives for the Plan are as follows:</p>

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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Communicate expectations in terms of the Bank&#8217;s business goals and results;</p>
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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Recognize and reward achievement of the Bank&#8217;s short-term performance objectives;</p>
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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Motivate and reward high performance;</p>
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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Attract and retain talent needed for the Bank&#8217;s success;</p>
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<