First Federal Savings Bank in Evansville, Indiana (IN)

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First Federal Savings Bank
GeneralFDIC Certificate #: 29056
Status: Active
Federal Reserve ID: 613679
Bank Holding Company (Regulatory Top Holder): First Bancorp Of Indiana, Inc. (RSSDID: 3832284, Location: Evansville, IN)
Date Established: July 01, 1934
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 9 (Domestic: 9, Interstate: No)
OTS Docket #: 2838
FDIC's unique #: 41890
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: October 27, 1934
Last Structure Change Effective Date: October 31, 2011
Last Structure Change Process Date: November 29, 2011
Last Data Update: November 29, 2011
Data Source Date: April 05, 2012
LocationAddress: 5001 Davis Lant Drive, Evansville, IN 47715
County: Vanderburgh
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Indianapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Evansville-Henderson, IN-KY (#2440)
Core Based Statistical Area (CBSA): Evansville, IN-KY (#21780)
CBSA Metro Statistical Area: Evansville, IN-KY (#21780)
History of ChangesCorrections
Change in Primary Regulatory Agency
Change in Supervisory Agency
Financial SummaryTotal assets: $376.9 mil
Equity capital: $38.3 mil
Deposits held in domestic offices: $267.9 mil
Return on assets (ROA): 0.40% ($1.5 mil)
Quarterly return on assets: 0.46% ($1.7 mil)
Return on Equity (ROE): 3.79% ($1.4 mil)
Quarterly return on equity: 4.40% ($1.7 mil)
Net income: $1.4 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 0.46% ($1,733.9 mil)
Quarterly Pretax return on assets: 0.56% ($2,110.8 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)99
Total assets$376,935
Cash and due from depository institutions$35,711
Interest-bearing balances$33,582
Federal funds sold & reverse repurchase agreements$10,000
Net loans & leases$165,321
Loan loss allowance $2,057
Trading account assets$0
Bank premises and fixed assets$9,126
Other real estate owned$3,050
Goodwill and other intangibles$7,636
All other assets$15,762
Life insurance assets$376,935
Total liabilities and capital$338,617
Total liabilities$267,853
Total deposits$246,245
Interest-bearing deposits$267,853
Deposits held in domestic offices$75
% insured (estimated)8000.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$60,000
Other borrowed funds $0
Subordinated debt $2,764
All other liabilities $38,318
Total equity capital$38,318
Total bank equity capital$38,318
Perpetual preferred stock$0
Common stock$1
Undivided profits $13,441
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,938
Income earned, not collected on loans $1,840
Earning assets $0
Long-term assets (5+ years) $1,264
Average Assets, year-to-date $339,232
Average Assets, quarterly $174,379
Volatile liabilities $352,638
Insider loans $364,879
FHLB advances $232,005
Loans and leases held for sale $363,624
Unused loan commitments $7,166
Tier 1 (core) risk-based capital $7,166
Tier 2 risk-based capital $31,952
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $24,307
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,995
Total interest expense $4,914
Net interest income $9,081
Provision for loan and lease losses $550
Total noninterest income $3,021
Fiduciary activities $0
Service charges on deposit accounts $832
Trading account gains & fees $0
Additional noninterest income $2,189
Total noninterest expense $9,723
Salaries and employee benefits $5,039
Premises and equipment expense $1,361
Additional noninterest expense $3,323
Pre-tax net operating income $1,829
Securities gains (losses) -$197
Applicable income taxes $222
Income before extraordinary items $1,410
Extraordinary gains - net $0
Net income attributable to bank $1,410
Net charge-offs $0
Cash dividends $1,410
Sale, conversion, retirement of capital stock, net $511
Net operating income $1,250
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.44%
Cost of funding earning assets 1.56%
Net interest margin 2.88%
Noninterest income to earning assets 0.96%
Noninterest expense to earning assets 3.09%
Net operating income to assets 0.45%
Return on assets (ROA) 0.40%
Pretax return on assets 0.46%
Return on equity (ROE) 3.79%
Retained earnings to average equity (YTD only) 0.43%
Net charge-offs to loans 0.32%
Credit loss provision to net charge-offs 107.63%
Efficiency ratio4.66%
Assets per employee$79,565
Cash dividends to net income (YTD only)3.81%
Condition Ratios (%)
Loss allowance to loans 88.65%
Loss allowance to noncurrent loans 1.23%
Noncurrent assets plus other real estate owned to assets 111.79%
Noncurrent loans to loans 2.05%
Net loans and leases to deposits1.10%
Net loans and leases to core deposits 61.72%
Equity capital to assets 62.51%
Core capital (leverage) ratio 10.17%
Tier 1 risk-based capital ratio 8.79%
Total risk-based capital ratio 13.77%
Average assets$15
Average earning assets$352,638
Average equity $37,250
Average loans $314,922
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9 Indiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
041890First Federal Savings Bank5001 Davis Lant Drive, Evansville, IN 47715July 01, 1934Full Service Brick and Mortar
1012726072200 W. Franklin St. Branch2200 W. Franklin St., Evansville, IN 47712July 01, 1934Full Service Brick and Mortar
102272608First Avenue Branch4451 First Avenue, Evansville, IN 47710November 10, 1997Full Service Brick and Mortar
103263232University Avenue Branch4615 University Drive, Evansville, IN 47712June 30, 1988Full Service Brick and Mortar
104263236Bellemeade Avenue Branch4601 Bellemeade Avenue, Evansville, IN 47714June 26, 1998Full Service Brick and Mortar
105446140Bell Oaks Drive Branch8388 Bell Oaks Drive, Newburgh, IN 47630November 13, 2000Full Service Brick and Mortar
1084644702950 St Philip Road South2950 St Philip Road South, Evansville, IN 47712November 01, 2005Full Service Brick and Mortar
109495139Petersburg Main Street Branch501 E Main St, Petersburg, IN 47567October 01, 2006Full Service Brick and Mortar
110495140Van Trees Street Branch200 E Van Trees St, Washington, IN 47501October 10, 2006Full Service Brick and Mortar
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