First Federal Bank of the Midwest in Defiance, Ohio (OH), MI, IN



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First Federal Bank of the Midwest
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Primary Regulatory Agency
Financial SummaryTotal 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)

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)
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
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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
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.80%
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 ratio2.97%
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 deposits2.62%
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
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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 Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$151,124
Number of Accounts1
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 Accounts300
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
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1 Indiana Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
138491989Fort Wayne7437 Coldwater Road, Fort Wayne, IN 46825August 06, 2007Full Service Brick and Mortar
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6 Michigan Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
129186762Adrian North Branch300 North Main Street, Adrian, MI 49221November 16, 1953Limited Service Facility
130186763Morenci Branch211 West Main Street, Morenci, MI 49256December 31, 1956Full Service Brick and Mortar
131186764Adrian West Branch1701 West Maumee Street, Adrian, MI 49221December 20, 1971Full Service Brick and Mortar
133241154Hudson Branch539 South Meridian Road, Hudson, MI 49247July 22, 1966Limited Service Facility
137466323Tecumseh West Branch1449 W Chicago Blvd, Tecumseh, MI 49286June 26, 2007Full Service Retail
139491990Tecumseh East501 E. Chicago Blvd, Tecumseh, MI 49286March 14, 2008Full Service Brick and Mortar
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25 Ohio Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
042679First Federal Bank Of The Midwest601 Clinton Street, Defiance, OH 43512January 01, 1920Full Service Brick and Mortar
1277442Wauseon211 S Fulton St, Wauseon, OH 43567January 01, 1920Full Service Brick and Mortar
2277443Napoleon Main625 Scott St, Napoleon, OH 43545January 01, 1920Full Service Brick and Mortar
3277444Bryan Main204 East High Street, Bryan, OH 43506January 01, 1920Full Service Brick and Mortar
100277445Montpelier1050 E Main St, Montpelier, OH 43543January 01, 1920Full Service Brick and Mortar
103277447Napoleon North1800 Scott Street, Napoleon, OH 43545June 30, 1985Full Service Brick and Mortar
106277450Hicksville201 East High Street, Hicksville, OH 43526Febuary 06, 1998Full Service Brick and Mortar
107277451Paulding905 North Williams Street, Paulding, OH 45879October 14, 1997Full Service Brick and Mortar
108357637Findlay North3900 N. Main Street, Findlay, OH 45840Febuary 17, 1999Full Service Brick and Mortar
109208562Mccomb124 East Main Street, Mccomb, OH 45858May 16, 1990Full Service Brick and Mortar
1104468Ottawa405 East Main Street, Ottawa, OH 45875January 01, 1903Full Service Brick and Mortar
111419326Findlay Downtown301 South Main Street, Findlay, OH 45840June 06, 2003Full Service Brick and Mortar
112477Delphos230 East Second Street, Delphos, OH 45833March 27, 1877Full Service Brick and Mortar
1147082Elida105 South Greenlawn Avenue, Elida, OH 45807January 01, 1903Full Service Brick and Mortar
115185391Allentown Branch Office2600 Allentown Road, Lima, OH 45805January 03, 1994Full Service Brick and Mortar
118357229Oregon2760 Navarre Avenue, Oregon, OH 43616March 15, 1999Full Service Brick and Mortar
120441792Genoa Branch22020 State Route 51 West, Genoa, OH 43430April 11, 2005Full Service Brick and Mortar
121441793Perrysburg Branch1077 Louisiana Avenue, Perrysburg, OH 43551April 11, 2005Full Service Brick and Mortar
123463847Defiance North1177 N. Clinton St., Defiance, OH 43512April 25, 2005Full Service Brick and Mortar
124463848Findlay East7591 Patriot Drive, Findlay, OH 45840November 15, 2003Full Service Brick and Mortar
125463849Maumee417 West Dussel Drive, Maumee, OH 43537Febuary 01, 2004Full Service Brick and Mortar
126463851Fostoria1694 N. Countyline Road, Fostoria, OH 44830November 30, 1999Full Service Brick and Mortar
127463852Bowling Green1226 W Wooster St, Bowling Green, OH 43402November 30, 2000Full Service Brick and Mortar
142518111Shawnee Branch2565 Shawnee Road, Lima, OH 45806July 24, 2006Full Service Brick and Mortar
143518112Glandorf Branch135 South Main Street, Glandorf, OH 45848Febuary 11, 2008Full Service Brick and Mortar
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