First Federal Savings Bank in Ottawa, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Federal Savings Bank in Ottawa, Illinois (IL)
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First Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 28924
    Status: Active
    Federal Reserve ID: 771878
    Date Established: January 01, 1889
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 13 (Domestic: 13, Interstate: No)
    OTS Docket #: 2631
    FDIC's unique #: 41758
    Numeric code: 34
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: November 26, 1934
    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: 633 La Salle St, Ottawa, IL 61350
    County: La Salle
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Princeton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Ottawa-Streator, IL (#36860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $398.1 mil
    Equity capital: $33.7 mil
    Deposits held in domestic offices: $355.1 mil
    Return on assets (ROA): -1.05% (-$4.2 mil)
    Quarterly return on assets: -3.13% (-$12.5 mil)
    Return on Equity (ROE): -11.49% (-$3.9 mil)
    Quarterly return on equity: -35.19% (-$12.0 mil)
    Net income: -$4.2 mil
    Quarterly Net income: -$3.1 mil
    Pretax return on assets: -1.51% (-$6,011.2 mil)
    Quarterly Pretax return on assets: -3.98% (-$15,844.2 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
  • 127Total employees (full-time equivalent)
  • $398,096Total assets
  • $58,355Cash and due from depository institutions
  • $56,682Interest-bearing balances
  • $10,941Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $290,598Net loans & leases
  • $5,500Loan loss allowance
  • $0Trading account assets
  • $6,631Bank premises and fixed assets
  • $6,526Other real estate owned
  • $1,793Goodwill and other intangibles
  • $398,096Life insurance assets
  • $23,252All other assets
  • $364,397Total liabilities and capital
  • $355,148Total liabilities
  • $341,785Total deposits
  • $355,148Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $5,249Subordinated debt
  • $33,699All other liabilities
  • $33,699Total equity capital
  • $33,699Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $33,699Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,878Income earned, not collected on loans
  • $0Earning assets
  • $1,021Long-term assets (5+ years)
  • $358,221Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $404,968Volatile liabilities
  • $396,641Insider loans
  • $214,120FHLB advances
  • $398,096Loans and leases held for sale
  • $12,848Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $33,699Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $34,023Restructured Loans and leases
  • $311Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,839Total interest income
  • $3,666Total interest expense
  • $11,173Net interest income
  • $7,358Provision for loan and lease losses
  • $1,387Total noninterest income
  • $0Fiduciary activities
  • $582Service charges on deposit accounts
  • $0Trading account gains & fees
  • $805Additional noninterest income
  • $11,328Total noninterest expense
  • $5,711Salaries and employee benefits
  • $1,968Premises and equipment expense
  • $3,649Additional noninterest expense
  • -$6,126Pre-tax net operating income
  • $0Securities gains (losses)
  • -$1,894Applicable income taxes
  • -$4,232Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,232Net income attributable to bank
  • $0Net charge-offs
  • -$4,232Cash dividends
  • $6,308Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.04%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 3.04%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 3.09%Noninterest expense to earning assets
  • -1.05%Net operating income to assets
  • -1.05%Return on assets (ROA)
  • -1.51%Pretax return on assets
  • -11.49%Return on equity (ROE)
  • -11.49%Retained earnings to average equity (YTD only)
  • 2.07%Net charge-offs to loans
  • 116.65%Credit loss provision to net charge-offs
  • 0.20%Efficiency ratio
  • 90,191Assets per employee
  • 3.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.86%Loss allowance to noncurrent loans
  • 69.81%Noncurrent assets plus other real estate owned to assets
  • 3.62%Noncurrent loans to loans
  • 2.66%Net loans and leases to deposits
  • 81.82%Net loans and leases to core deposits
  • 84.01%Equity capital to assets
  • 8.47%Core capital (leverage) ratio
  • 8.47%Tier 1 risk-based capital ratio
  • 15.74%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $404,968Average earning assets
  • $36,841Average equity
  • $367,165Average loans

List of branches

  • 13 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041758First Federal Savings Bank633 La Salle St, Ottawa, IL 61350January 01, 1889Full Service Brick and Mortar
    101271606Peru Mall Branch1600 38th Street, Peru, IL 61354January 01, 1889Full Service Brick and Mortar
    102271607137 S Main Branch137 South Main, Walnut, IL 61376January 01, 1889Full Service Brick and Mortar
    103271608111 E Main Branch111 East Main Street, Amboy, IL 61310January 01, 1889Full Service Brick and Mortar
    1042716091205 Washington Branch1205 Washington Street, Mendota, IL 61342January 01, 1889Full Service Brick and Mortar
    1052716108 Dannys Drive Branch8 Dannys Drive, Streator, IL 61364January 01, 1889Full Service Brick and Mortar
    106271611475 Third St Branch475 Third Street, La Salle, IL 61301January 01, 1889Full Service Brick and Mortar
    107271612124 E Main St Branch124 East Main Street, Morris, IL 60450January 01, 1889Full Service Brick and Mortar
    108271613West Main Street Branch433 West Main Street, Ottawa, IL 61350July 01, 1994Full Service Brick and Mortar
    109271614Shorewood Branch801 West Jefferson Street, Shorewood, IL 60435December 01, 1994Full Service Brick and Mortar
    110271615Elgin Branch325 South Randall Road, Elgin, IL 60123September 01, 1996Full Service Brick and Mortar
    111359086Rock Falls Branch701 First Avenue, Rock Falls, IL 61071March 27, 2000Full Service Brick and Mortar
    112359087Sterling Branch1701 East 4th Street, Sterling, IL 61081May 15, 2000Full Service Brick and Mortar

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