First Federal Bank of Ohio in Galion, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Federal Bank of Ohio in Galion, Ohio (OH)
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First Federal Bank of Ohio - Overview

  • General
  • FDIC Certificate #: 27643
    Status: Active
    Federal Reserve ID: 207470
    Date Established: January 01, 1891
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 41
    FDIC's unique #: 40477
    Numeric code: 38
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: August 26, 1935
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 140 North Columbus Street, Galion, OH 44833
    County: Crawford
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Mansfield, OH (#4800)
    Combined Statistical Area (CSA): Mansfield-Bucyrus, OH (#360)
    Core Based Statistical Area (CBSA): Bucyrus, OH (#15340)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $255.5 mil
    Equity capital: $39.4 mil
    Deposits held in domestic offices: $196.7 mil
    Return on assets (ROA): -0.10% (-$0.3 mil)
    Quarterly return on assets: 0.09% ($0.2 mil)
    Return on Equity (ROE): -0.62% (-$0.2 mil)
    Quarterly return on equity: 0.58% ($0.2 mil)
    Net income: -$0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -0.14% (-$357.7 mil)
    Quarterly Pretax return on assets: 0.13% ($332.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 70Total employees (full-time equivalent)
  • $255,500Total assets
  • $84,533Cash and due from depository institutions
  • $76,277Interest-bearing balances
  • $31,180Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $116,092Net loans & leases
  • $1,230Loan loss allowance
  • $0Trading account assets
  • $3,254Bank premises and fixed assets
  • $824Other real estate owned
  • $449Goodwill and other intangibles
  • $255,500Life insurance assets
  • $19,168All other assets
  • $216,079Total liabilities and capital
  • $196,711Total liabilities
  • $175,041Total deposits
  • $196,711Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $11,000Trading liabilities
  • $0Other borrowed funds
  • $8,368Subordinated debt
  • $39,421All other liabilities
  • $39,421Total equity capital
  • $39,421Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $39,421Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,954Income earned, not collected on loans
  • $0Earning assets
  • $576Long-term assets (5+ years)
  • $223,549Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $252,068Volatile liabilities
  • $254,276Insider loans
  • $136,802FHLB advances
  • $254,374Loans and leases held for sale
  • $9,905Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $39,492Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,729Restructured Loans and leases
  • $3,331Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,315Total interest income
  • $2,446Total interest expense
  • $5,869Net interest income
  • $572Provision for loan and lease losses
  • $1,899Total noninterest income
  • $0Fiduciary activities
  • $729Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,170Additional noninterest income
  • $7,546Total noninterest expense
  • $4,052Salaries and employee benefits
  • $919Premises and equipment expense
  • $2,575Additional noninterest expense
  • -$350Pre-tax net operating income
  • $0Securities gains (losses)
  • -$103Applicable income taxes
  • -$247Income before extraordinary items
  • $0Extraordinary gains - net
  • -$247Net income attributable to bank
  • $0Net charge-offs
  • -$247Cash dividends
  • -$45Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.76%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 2.66%Net interest margin
  • 0.86%Noninterest income to earning assets
  • 3.42%Noninterest expense to earning assets
  • -0.10%Net operating income to assets
  • -0.10%Return on assets (ROA)
  • -0.14%Pretax return on assets
  • -0.62%Return on equity (ROE)
  • -0.62%Retained earnings to average equity (YTD only)
  • -0.04%Net charge-offs to loans
  • -1271.11%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 97,142Assets per employee
  • 3.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.05%Loss allowance to noncurrent loans
  • 24.83%Noncurrent assets plus other real estate owned to assets
  • 2.26%Noncurrent loans to loans
  • 4.22%Net loans and leases to deposits
  • 59.02%Net loans and leases to core deposits
  • 61.62%Equity capital to assets
  • 15.43%Core capital (leverage) ratio
  • 15.53%Tier 1 risk-based capital ratio
  • 28.87%Total risk-based capital ratio
  • Memoranda
  • $30Average assets
  • $252,068Average earning assets
  • $39,723Average equity
  • $220,879Average loans

List of branches

  • 9 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    040477First Federal Bank Of Ohio140 North Columbus Street, Galion, OH 44833January 01, 1891Full Service Brick and Mortar
    12625361748 W Fourth St Branch1748 W Fourth St, Mansfield, OH 44906January 01, 1891Full Service Brick and Mortar
    226253770 N Main St Branch70 N Main St, Mount Gilead, OH 43338January 01, 1891Full Service Brick and Mortar
    32625381495 Lexington Ave Branch1495 Lexington Ave, Mansfield, OH 44907January 01, 1891Full Service Brick and Mortar
    4262539Bucyrus Road Branch901 Bucyrus Road, Galion, OH 44833January 01, 1891Full Service Brick and Mortar
    100262540Shelby Branch200 Mansfield Avenue, Shelby, OH 44875January 01, 1891Full Service Brick and Mortar
    101359167Cardington Branch123 South Marion Street, Cardington, OH 43315November 16, 1999Full Service Brick and Mortar
    1024640125502 Milan Road Branch5502 Milan Road, Sandusky, OH 44870November 24, 2003Full Service Brick and Mortar
    1034640131660 W Market Street Branch1660 W. Market Street, Suite A, Tiffin, OH 44883July 01, 2004Limited Service Loan Production

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