First Federal Savings Bank in Rochester, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • First Federal Savings Bank in Rochester, Indiana (IN)
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First Federal Savings Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total 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
  • 135Total employees (full-time equivalent)
  • $346,368Total assets
  • $26,948Cash and due from depository institutions
  • $11,000Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $280,873Net loans & leases
  • $3,791Loan loss allowance
  • $0Trading account assets
  • $5,729Bank premises and fixed assets
  • $2,108Other real estate owned
  • $7,605Goodwill and other intangibles
  • $346,368Life insurance assets
  • $23,105All other assets
  • $304,544Total liabilities and capital
  • $255,688Total liabilities
  • $218,913Total deposits
  • $255,688Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $45,000Trading liabilities
  • $0Other borrowed funds
  • $3,856Subordinated debt
  • $41,824All other liabilities
  • $41,824Total equity capital
  • $41,824Total bank equity capital
  • $0Perpetual preferred stock
  • $130Common stock
  • $2,157Surplus
  • $39,537Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,719Income earned, not collected on loans
  • $0Earning assets
  • $1,092Long-term assets (5+ years)
  • $291,873Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $343,396Volatile liabilities
  • $341,476Insider loans
  • $234,404FHLB advances
  • $346,307Loans and leases held for sale
  • $7,032Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $41,763Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $50,753Restructured Loans and leases
  • $1,115Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,053Total interest income
  • $3,881Total interest expense
  • $10,172Net interest income
  • $2,350Provision for loan and lease losses
  • $13,149Total noninterest income
  • $0Fiduciary activities
  • $726Service charges on deposit accounts
  • $0Trading account gains & fees
  • $12,423Additional noninterest income
  • $16,375Total noninterest expense
  • $11,320Salaries and employee benefits
  • $2,953Premises and equipment expense
  • $2,102Additional noninterest expense
  • $4,596Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,614Applicable income taxes
  • $2,982Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,982Net income attributable to bank
  • $0Net charge-offs
  • $2,982Cash dividends
  • $3,161Sale, conversion, retirement of capital stock, net
  • $1,520Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.79%Yield on earning assets
  • 1.32%Cost of funding earning assets
  • 3.47%Net interest margin
  • 4.48%Noninterest income to earning assets
  • 5.58%Noninterest expense to earning assets
  • 0.87%Net operating income to assets
  • 0.87%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 7.23%Return on equity (ROE)
  • 3.55%Retained earnings to average equity (YTD only)
  • 1.10%Net charge-offs to loans
  • 74.34%Credit loss provision to net charge-offs
  • 2.20%Efficiency ratio
  • 69,890Assets per employee
  • 2.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.97%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 139.43%Noncurrent assets plus other real estate owned to assets
  • 1.39%Noncurrent loans to loans
  • 0.96%Net loans and leases to deposits
  • 109.85%Net loans and leases to core deposits
  • 114.16%Equity capital to assets
  • 12.08%Core capital (leverage) ratio
  • 12.06%Tier 1 risk-based capital ratio
  • 17.82%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $343,396Average earning assets
  • $41,231Average equity
  • $293,269Average loans

List of branches

  • 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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