First Federal Savings Bank in Huntington, Indiana (IN)



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First Federal Savings Bank
GeneralFDIC Certificate #: 29690
Status: Active
Federal Reserve ID: 107570
Date Established: January 01, 1932
WWW: http://www.firstfedhuntington.com
Trust Powers Granted: Yes
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 3892
FDIC's unique #: 42524
Numeric code: 33
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: August 19, 1935
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: 648 N Jefferson St, Huntington, IN 46750
County: Huntington
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): Fort Wayne, IN (#2760)
Combined Statistical Area (CSA): Fort Wayne-Huntington-Auburn, IN (#258)
Core Based Statistical Area (CBSA): Huntington, IN (#26540)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $261.6 mil
Equity capital: $26.1 mil
Deposits held in domestic offices: $191.3 mil
Return on assets (ROA): 0.83% ($2.2 mil)
Quarterly return on assets: 1.18% ($3.1 mil)
Return on Equity (ROE): 8.52% ($2.2 mil)
Quarterly return on equity: 11.84% ($3.1 mil)
Net income: $2.1 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 1.06% ($2,773.4 mil)
Quarterly Pretax return on assets: 1.64% ($4,291.0 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)62
Total assets$261,645
Cash and due from depository institutions$14,284
Interest-bearing balances$11,617
Securities$51,833
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$176,930
Loan loss allowance $2,434
Trading account assets$0
Bank premises and fixed assets$2,619
Other real estate owned$1,235
Goodwill and other intangibles$690
All other assets$14,054
Life insurance assets$261,645
Total liabilities and capital$235,546
Total liabilities$191,344
Total deposits$175,732
Interest-bearing deposits$191,344
Deposits held in domestic offices$69
% insured (estimated)12893.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$29,500
Other borrowed funds $0
Subordinated debt $1,809
All other liabilities $26,099
Total equity capital$26,099
Total bank equity capital$26,099
Perpetual preferred stock$110
Common stock$22
Surplus$12,150
Undivided profits $13,817
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 $5,759
Earning assets $0
Long-term assets (5+ years) $981
Average Assets, year-to-date $240,380
Average Assets, quarterly $0
Volatile liabilities $257,698
Insider loans $260,386
FHLB advances $174,711
Loans and leases held for sale $260,055
Unused loan commitments $7,017
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $24,399
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $37,231
Derivatives$2,208
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,216
Total interest expense $3,103
Net interest income $9,113
Provision for loan and lease losses $2,175
Total noninterest income $2,383
Fiduciary activities $0
Service charges on deposit accounts $176
Trading account gains & fees $0
Additional noninterest income $2,207
Total noninterest expense $6,866
Salaries and employee benefits $3,505
Premises and equipment expense $1,501
Additional noninterest expense $1,860
Pre-tax net operating income $2,455
Securities gains (losses) $272
Applicable income taxes $592
Income before extraordinary items $2,135
Extraordinary gains - net $0
Net income attributable to bank $2,135
Net charge-offs $0
Cash dividends $2,135
Sale, conversion, retirement of capital stock, net $1,493
Net operating income $1,214
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.17%
Cost of funding earning assets 1.31%
Net interest margin 3.86%
Noninterest income to earning assets 1.01%
Noninterest expense to earning assets 2.91%
Net operating income to assets 0.75%
Return on assets (ROA) 0.83%
Pretax return on assets 1.06%
Return on equity (ROE) 8.52%
Retained earnings to average equity (YTD only) 3.68%
Net charge-offs to loans 0.82%
Credit loss provision to net charge-offs 145.68%
Efficiency ratio3.10%
Assets per employee$59,012
Cash dividends to net income (YTD only)4.22%
Condition Ratios (%)
Loss allowance to loans 56.86%
Loss allowance to noncurrent loans 1.36%
Noncurrent assets plus other real estate owned to assets 42.26%
Noncurrent loans to loans 2.67%
Net loans and leases to deposits3.21%
Net loans and leases to core deposits 92.47%
Equity capital to assets 105.36%
Core capital (leverage) ratio 9.97%
Tier 1 risk-based capital ratio 9.38%
Total risk-based capital ratio 13.97%
Memoranda
Average assets$15
Average earning assets$257,698
Average equity $25,048
Average loans $236,287
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Total Fiduciary and Related Assets (December 31, 2002)
(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$40,394
Number of Accounts1
Personal trust and agency accounts$16,787
Employee benefit-defined contribution accounts$6,688
Employee benefit-defined benefit accounts$0
Other retirement accounts$3,173
Corporate trust and agency accounts$143
Investment management agency accounts$339
Other fiduciary accounts$6,444
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts264
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$23,607
Corporate trust and agency accounts$2,539
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$4,416
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5 Indiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
042524First Federal Savings Bank648 N Jefferson St, Huntington, IN 46750January 01, 1932Full Service Brick and Mortar
1002768261240 S Jefferson St Branch1240 South Jefferson Street, Huntington, IN 46750January 01, 1932Full Service Brick and Mortar
101276827Frontage Road Branch100 Frontage Road, Huntington, IN 46750June 30, 1996Full Service Brick and Mortar
102495509402 East Center Street Branch402 East Center Street, Warsaw, IN 46580January 15, 2007Full Service Brick and Mortar
103518100South Bend Dr Branch5317 S Bend Dr, Fort Wayne, IN 46804September 15, 2009Full Service Brick and Mortar
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