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 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
  • NoIDNameAddressEstablishedService TypeMap
    138491989Fort Wayne7437 Coldwater Road, Fort Wayne, IN 46825August 06, 2007Full Service Brick and Mortar
  • 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
  • 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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