First Federal Savings Bank in Rochester, Indiana (IN)



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First Federal Savings Bank
GeneralFDIC Certificate #: 31516
Status: Active
Federal Reserve ID: 257578
Date Established: January 01, 1965
WWW: http://www.firstfederalbanking.com
Trust Powers Granted: Yes
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 7101
FDIC's unique #: 44350
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: Mortgage Lending Specialization
Date of Deposit Insurance: Febuary 09, 1966
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: 301 East 9th Street, Rochester, IN 46975
County: Fulton
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
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $346.4 mil
Equity capital: $41.8 mil
Deposits held in domestic offices: $255.7 mil
Return on assets (ROA): 0.87% ($3.0 mil)
Quarterly return on assets: 0.66% ($2.3 mil)
Return on Equity (ROE): 7.23% ($3.0 mil)
Quarterly return on equity: 5.36% ($2.3 mil)
Net income: $3.0 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 1.34% ($4,641.3 mil)
Quarterly Pretax return on assets: 0.99% ($3,429.0 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)135
Total assets$346,368
Cash and due from depository institutions$26,948
Interest-bearing balances$11,000
Securities$0
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$280,873
Loan loss allowance $3,791
Trading account assets$0
Bank premises and fixed assets$5,729
Other real estate owned$2,108
Goodwill and other intangibles$7,605
All other assets$23,105
Life insurance assets$346,368
Total liabilities and capital$304,544
Total liabilities$255,688
Total deposits$218,913
Interest-bearing deposits$255,688
Deposits held in domestic offices$86
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$45,000
Other borrowed funds $0
Subordinated debt $3,856
All other liabilities $41,824
Total equity capital$41,824
Total bank equity capital$41,824
Perpetual preferred stock$0
Common stock$130
Surplus$2,157
Undivided profits $39,537
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 $2,719
Earning assets $0
Long-term assets (5+ years) $1,092
Average Assets, year-to-date $291,873
Average Assets, quarterly $0
Volatile liabilities $343,396
Insider loans $341,476
FHLB advances $234,404
Loans and leases held for sale $346,307
Unused loan commitments $7,032
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $41,763
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $50,753
Derivatives$1,115
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $14,053
Total interest expense $3,881
Net interest income $10,172
Provision for loan and lease losses $2,350
Total noninterest income $13,149
Fiduciary activities $0
Service charges on deposit accounts $726
Trading account gains & fees $0
Additional noninterest income $12,423
Total noninterest expense $16,375
Salaries and employee benefits $11,320
Premises and equipment expense $2,953
Additional noninterest expense $2,102
Pre-tax net operating income $4,596
Securities gains (losses) $0
Applicable income taxes $1,614
Income before extraordinary items $2,982
Extraordinary gains - net $0
Net income attributable to bank $2,982
Net charge-offs $0
Cash dividends $2,982
Sale, conversion, retirement of capital stock, net $3,161
Net operating income $1,520
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.79%
Cost of funding earning assets 1.32%
Net interest margin 3.47%
Noninterest income to earning assets 4.48%
Noninterest expense to earning assets 5.58%
Net operating income to assets 0.87%
Return on assets (ROA) 0.87%
Pretax return on assets 1.34%
Return on equity (ROE) 7.23%
Retained earnings to average equity (YTD only) 3.55%
Net charge-offs to loans 1.10%
Credit loss provision to net charge-offs 74.34%
Efficiency ratio2.20%
Assets per employee$69,890
Cash dividends to net income (YTD only)2.57%
Condition Ratios (%)
Loss allowance to loans 50.97%
Loss allowance to noncurrent loans 1.33%
Noncurrent assets plus other real estate owned to assets 139.43%
Noncurrent loans to loans 1.39%
Net loans and leases to deposits0.96%
Net loans and leases to core deposits 109.85%
Equity capital to assets 114.16%
Core capital (leverage) ratio 12.08%
Tier 1 risk-based capital ratio 12.06%
Total risk-based capital ratio 17.82%
Memoranda
Average assets$19
Average earning assets$343,396
Average equity $41,231
Average loans $293,269
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6 Indiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
044350First Federal Savings Bank301 East 9th Street, Rochester, IN 46975January 01, 1965Full Service Brick and Mortar
1285154814 U S 35 North Branch814 U.S. 35 North, Winamac, IN 46996January 01, 1965Full Service Brick and Mortar
2285155206 W Plymouth St Branch206 West Plymouth Street, Bremen, IN 46506January 01, 1965Full Service Brick and Mortar
1002851562113 N Michigan Branch2113 North Michigan, Plymouth, IN 46563January 01, 1965Full Service Brick and Mortar
1012851572926 South Main Branch2926 South Main, Elkhart, IN 46517June 16, 1998Full Service Brick and Mortar
102492463Mishawaka Branch906 W Edison Road, Mishawaka, IN 46545May 01, 2008Full Service Brick and Mortar
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