First Federal Bank of the Midwest in Defiance, Ohio (OH), MI, IN
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| First Federal Bank of the Midwest | |
|---|---|
| General | FDIC Certificate #: 29845 Status: Active Federal Reserve ID: 981275 Date Established: January 01, 1920 WWW: http://www.first-fed.com Trust Powers Granted: Yes Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 32 (Domestic: 32, Interstate: Yes) OTS Docket #: 4192 FDIC's unique #: 42679 Numeric code: 37 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: Commercial Lending Specialization Date of Deposit Insurance: May 15, 1937 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: 601 Clinton Street, Defiance, OH 43512 County: Defiance 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 Core Based Statistical Area (CBSA): Defiance, OH (#19580) CBSA Micro Statistical Area: Yes |
| History of Changes | Change in Primary Regulatory Agency |
| Financial Summary | Total assets: $2,053.2 mil Equity capital: $287.8 mil Deposits held in domestic offices: $1,610.5 mil Return on assets (ROA): 0.80% ($16.4 mil) Quarterly return on assets: 0.84% ($17.2 mil) Return on Equity (ROE): 5.91% ($17.0 mil) Quarterly return on equity: 6.00% ($17.3 mil) Net income: $16.4 mil Quarterly Net income: $4.3 mil Pretax return on assets: 1.15% ($23,611.9 mil) Quarterly Pretax return on assets: 1.17% ($24,022.5 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 477 |
| Total assets | $2,053,207 |
| Cash and due from depository institutions | $173,674 |
| Interest-bearing balances | $144,749 |
| Securities | $231,571 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $1,466,623 |
| Loan loss allowance | $33,254 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $39,849 |
| Other real estate owned | $3,608 |
| Goodwill and other intangibles | $63,657 |
| All other assets | $74,225 |
| Life insurance assets | $2,053,207 |
| Total liabilities and capital | $1,765,384 |
| Total liabilities | $1,610,484 |
| Total deposits | $1,351,771 |
| Interest-bearing deposits | $1,610,484 |
| Deposits held in domestic offices | $93 |
| % insured (estimated) | 60386.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $81,841 |
| Other borrowed funds | $0 |
| Subordinated debt | $12,673 |
| All other liabilities | $287,823 |
| Total equity capital | $287,823 |
| Total bank equity capital | $287,823 |
| Perpetual preferred stock | $0 |
| Common stock | $1 |
| Surplus | $233,646 |
| Undivided profits | $54,176 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $39,328 |
| Earning assets | $574 |
| Long-term assets (5+ years) | $6,140 |
| Average Assets, year-to-date | $1,842,943 |
| Average Assets, quarterly | $0 |
| Volatile liabilities | $2,042,546 |
| Insider loans | $2,047,157 |
| FHLB advances | $1,637,296 |
| Loans and leases held for sale | $1,993,936 |
| Unused loan commitments | $35,908 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $231,787 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $294,825 |
| Derivatives | $5,358 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $87,610 |
| Total interest expense | $15,908 |
| Net interest income | $71,702 |
| Provision for loan and lease losses | $12,434 |
| Total noninterest income | $16,972 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $10,188 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $6,784 |
| Total noninterest expense | $53,030 |
| Salaries and employee benefits | $27,115 |
| Premises and equipment expense | $11,144 |
| Additional noninterest expense | $14,771 |
| Pre-tax net operating income | $23,210 |
| Securities gains (losses) | $217 |
| Applicable income taxes | $7,043 |
| Income before extraordinary items | $16,384 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $16,384 |
| Net charge-offs | $0 |
| Cash dividends | $16,384 |
| Sale, conversion, retirement of capital stock, net | $11,984 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.80% |
| Cost of funding earning assets | 0.87% |
| Net interest margin | 3.93% |
| Noninterest income to earning assets | 0.93% |
| Noninterest expense to earning assets | 2.91% |
| Net operating income to assets | 0.79% |
| Return on assets (ROA) | 0.80% |
| Pretax return on assets | 1.15% |
| Return on equity (ROE) | 5.91% |
| Retained earnings to average equity (YTD only) | 5.91% |
| Net charge-offs to loans | 0.81% |
| Credit loss provision to net charge-offs | 103.76% |
| Efficiency ratio | 2.97% |
| Assets per employee | $58,576 |
| Cash dividends to net income (YTD only) | 4.30% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.22% |
| Noncurrent assets plus other real estate owned to assets | 84.56% |
| Noncurrent loans to loans | 2.09% |
| Net loans and leases to deposits | 2.62% |
| Net loans and leases to core deposits | 91.07% |
| Equity capital to assets | 95.88% |
| Core capital (leverage) ratio | 14.02% |
| Tier 1 risk-based capital ratio | 11.62% |
| Total risk-based capital ratio | 14.16% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $2,042,546 |
| Average equity | $277,094 |
| Average loans | $1,825,039 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $151,124 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $134,038 |
| Employee benefit-defined contribution accounts | $10,571 |
| Employee benefit-defined benefit accounts | $70,111 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $12,769 |
| Investment management agency accounts | $7 |
| Other fiduciary accounts | $32,660 |
| Fiduciary accounts held in foreign offices | $7,920 |
| Non-managed Assets | $0 |
| Number of Accounts | 300 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $12,833 |
| Employee benefit-defined benefit accounts | $74,476 |
| Other retirement accounts | $17,086 |
| Corporate trust and agency accounts | $15,964 |
| Other fiduciary accounts | $419 |
| Fiduciary accounts held in foreign offices | $432 |
| 1 Indiana Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 138 | 491989 | Fort Wayne | 7437 Coldwater Road, Fort Wayne, IN 46825 | August 06, 2007 | Full Service Brick and Mortar |  |
| 6 Michigan Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 129 | 186762 | Adrian North Branch | 300 North Main Street, Adrian, MI 49221 | November 16, 1953 | Limited Service Facility | |
| 130 | 186763 | Morenci Branch | 211 West Main Street, Morenci, MI 49256 | December 31, 1956 | Full Service Brick and Mortar | |
| 131 | 186764 | Adrian West Branch | 1701 West Maumee Street, Adrian, MI 49221 | December 20, 1971 | Full Service Brick and Mortar | |
| 133 | 241154 | Hudson Branch | 539 South Meridian Road, Hudson, MI 49247 | July 22, 1966 | Limited Service Facility | |
| 137 | 466323 | Tecumseh West Branch | 1449 W Chicago Blvd, Tecumseh, MI 49286 | June 26, 2007 | Full Service Retail | |
| 139 | 491990 | Tecumseh East | 501 E. Chicago Blvd, Tecumseh, MI 49286 | March 14, 2008 | Full Service Brick and Mortar | |
| 25 Ohio Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 42679 | First Federal Bank Of The Midwest | 601 Clinton Street, Defiance, OH 43512 | January 01, 1920 | Full Service Brick and Mortar |  |
| 1 | 277442 | Wauseon | 211 S Fulton St, Wauseon, OH 43567 | January 01, 1920 | Full Service Brick and Mortar | |
| 2 | 277443 | Napoleon Main | 625 Scott St, Napoleon, OH 43545 | January 01, 1920 | Full Service Brick and Mortar | |
| 3 | 277444 | Bryan Main | 204 East High Street, Bryan, OH 43506 | January 01, 1920 | Full Service Brick and Mortar | |
| 100 | 277445 | Montpelier | 1050 E Main St, Montpelier, OH 43543 | January 01, 1920 | Full Service Brick and Mortar | |
| 103 | 277447 | Napoleon North | 1800 Scott Street, Napoleon, OH 43545 | June 30, 1985 | Full Service Brick and Mortar | |
| 106 | 277450 | Hicksville | 201 East High Street, Hicksville, OH 43526 | Febuary 06, 1998 | Full Service Brick and Mortar | |
| 107 | 277451 | Paulding | 905 North Williams Street, Paulding, OH 45879 | October 14, 1997 | Full Service Brick and Mortar | |
| 108 | 357637 | Findlay North | 3900 N. Main Street, Findlay, OH 45840 | Febuary 17, 1999 | Full Service Brick and Mortar | |
| 109 | 208562 | Mccomb | 124 East Main Street, Mccomb, OH 45858 | May 16, 1990 | Full Service Brick and Mortar | |
| 110 | 4468 | Ottawa | 405 East Main Street, Ottawa, OH 45875 | January 01, 1903 | Full Service Brick and Mortar | |
| 111 | 419326 | Findlay Downtown | 301 South Main Street, Findlay, OH 45840 | June 06, 2003 | Full Service Brick and Mortar | |
| 112 | 477 | Delphos | 230 East Second Street, Delphos, OH 45833 | March 27, 1877 | Full Service Brick and Mortar | |
| 114 | 7082 | Elida | 105 South Greenlawn Avenue, Elida, OH 45807 | January 01, 1903 | Full Service Brick and Mortar | |
| 115 | 185391 | Allentown Branch Office | 2600 Allentown Road, Lima, OH 45805 | January 03, 1994 | Full Service Brick and Mortar | |
| 118 | 357229 | Oregon | 2760 Navarre Avenue, Oregon, OH 43616 | March 15, 1999 | Full Service Brick and Mortar | |
| 120 | 441792 | Genoa Branch | 22020 State Route 51 West, Genoa, OH 43430 | April 11, 2005 | Full Service Brick and Mortar | |
| 121 | 441793 | Perrysburg Branch | 1077 Louisiana Avenue, Perrysburg, OH 43551 | April 11, 2005 | Full Service Brick and Mortar | |
| 123 | 463847 | Defiance North | 1177 N. Clinton St., Defiance, OH 43512 | April 25, 2005 | Full Service Brick and Mortar | |
| 124 | 463848 | Findlay East | 7591 Patriot Drive, Findlay, OH 45840 | November 15, 2003 | Full Service Brick and Mortar | |
| 125 | 463849 | Maumee | 417 West Dussel Drive, Maumee, OH 43537 | Febuary 01, 2004 | Full Service Brick and Mortar | |
| 126 | 463851 | Fostoria | 1694 N. Countyline Road, Fostoria, OH 44830 | November 30, 1999 | Full Service Brick and Mortar | |
| 127 | 463852 | Bowling Green | 1226 W Wooster St, Bowling Green, OH 43402 | November 30, 2000 | Full Service Brick and Mortar | |
| 142 | 518111 | Shawnee Branch | 2565 Shawnee Road, Lima, OH 45806 | July 24, 2006 | Full Service Brick and Mortar | |
| 143 | 518112 | Glandorf Branch | 135 South Main Street, Glandorf, OH 45848 | Febuary 11, 2008 | Full Service Brick and Mortar | |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.