First Federal Bank of the Midwest in city_name, state_name - Detailed Financial Reports, Location

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

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)

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
477Total employees (full-time equivalent)
$2,053,207Total assets
$173,674Cash and due from depository institutions
$144,749Interest-bearing balances
$231,571Securities
$0Federal funds sold & reverse repurchase agreements
$1,466,623Net loans & leases
$33,254Loan loss allowance
$0Trading account assets
$39,849Bank premises and fixed assets
$3,608Other real estate owned
$63,657Goodwill and other intangibles
$2,053,207Life insurance assets
$74,225All other assets
$1,765,384Total liabilities and capital
$1,610,484Total liabilities
$1,351,771Total deposits
$1,610,484Interest-bearing deposits
$93Deposits held in domestic offices
60386.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$81,841Trading liabilities
$0Other borrowed funds
$12,673Subordinated debt
$287,823All other liabilities
$287,823Total equity capital
$287,823Total bank equity capital
$0Perpetual preferred stock
$1Common stock
$233,646Surplus
$54,176Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$39,328Income earned, not collected on loans
$574Earning assets
$6,140Long-term assets (5+ years)
$1,842,943Average Assets, year-to-date
$0Average Assets, quarterly
$2,042,546Volatile liabilities
$2,047,157Insider loans
$1,637,296FHLB advances
$1,993,936Loans and leases held for sale
$35,908Unused loan commitments
$0Tier 1 (core) risk-based capital
$231,787Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$294,825Restructured Loans and leases
$5,358Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$87,610Total interest income
$15,908Total interest expense
$71,702Net interest income
$12,434Provision for loan and lease losses
$16,972Total noninterest income
$0Fiduciary activities
$10,188Service charges on deposit accounts
$0Trading account gains & fees
$6,784Additional noninterest income
$53,030Total noninterest expense
$27,115Salaries and employee benefits
$11,144Premises and equipment expense
$14,771Additional noninterest expense
$23,210Pre-tax net operating income
$217Securities gains (losses)
$7,043Applicable income taxes
$16,384Income before extraordinary items
$0Extraordinary gains - net
$16,384Net income attributable to bank
$0Net charge-offs
$16,384Cash dividends
$11,984Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.80%Yield on earning assets
0.87%Cost of funding earning assets
3.93%Net interest margin
0.93%Noninterest income to earning assets
2.91%Noninterest expense to earning assets
0.79%Net operating income to assets
0.80%Return on assets (ROA)
1.15%Pretax return on assets
5.91%Return on equity (ROE)
5.91%Retained earnings to average equity (YTD only)
0.81%Net charge-offs to loans
103.76%Credit loss provision to net charge-offs
2.97%Efficiency ratio
58,576Assets per employee
4.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.22%Loss allowance to noncurrent loans
84.56%Noncurrent assets plus other real estate owned to assets
2.09%Noncurrent loans to loans
2.62%Net loans and leases to deposits
91.07%Net loans and leases to core deposits
95.88%Equity capital to assets
14.02%Core capital (leverage) ratio
11.62%Tier 1 risk-based capital ratio
14.16%Total risk-based capital ratio
Memoranda
$15Average assets
$2,042,546Average earning assets
$277,094Average equity
$1,825,039Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$151,124Managed Assets
1Number of Accounts
$134,038Personal trust and agency accounts
$10,571Employee benefit-defined contribution accounts
$70,111Employee benefit-defined benefit accounts
$0Other retirement accounts
$12,769Corporate trust and agency accounts
$7Investment management agency accounts
$32,660Other fiduciary accounts
$7,920Fiduciary accounts held in foreign offices
$0Non-managed Assets
300Number of Accounts
$0Personal trust and agency accounts
$12,833Employee benefit-defined contribution accounts
$74,476Employee benefit-defined benefit accounts
$17,086Other retirement accounts
$15,964Corporate trust and agency accounts
$419Other fiduciary accounts
$432Fiduciary accounts held in foreign offices

List of branches

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
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
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

First Federal Bank of the Midwest in Defiance, Ohio (OH), MI, IN
Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Bank of the Midwest - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Federal Bank of the Midwest in Defiance, Ohio (OH), MI, INOverview, Financial Summary, Detailed Financial Reports, Branches

First Federal Bank of the Midwest - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Federal Bank of the Midwest in Defiance, Ohio (OH), MI, IN
Overview, Financial Summary, Detailed Financial Reports, Branches