First Federal Savings Bank of Angola in Angola, Indiana (IN)



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First Federal Savings Bank of Angola
GeneralFDIC Certificate #: 28769
Status: Active
Federal Reserve ID: 158376
Date Established: January 01, 1933
WWW: http://www.ffsbangola.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 1 (Domestic: 1, Interstate: No)
OTS Docket #: 2324
FDIC's unique #: 41603
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 15, 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
LocationAddress: 212 E Maumee, Angola, IN 46703
County: Steuben
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
Combined Statistical Area (CSA): Fort Wayne-Huntington-Auburn, IN (#258)
Core Based Statistical Area (CBSA): Angola, IN (#11420)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $123.7 mil
Equity capital: $20.3 mil
Deposits held in domestic offices: $103.1 mil
Return on assets (ROA): 0.56% ($0.7 mil)
Quarterly return on assets: 0.74% ($0.9 mil)
Return on Equity (ROE): 3.68% ($0.7 mil)
Quarterly return on equity: 4.72% ($0.9 mil)
Net income: $0.7 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.97% ($1,200.0 mil)
Quarterly Pretax return on assets: 1.21% ($1,496.9 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)28
Total assets$123,711
Cash and due from depository institutions$28,165
Interest-bearing balances$25,652
Securities$4
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$89,872
Loan loss allowance $949
Trading account assets$0
Bank premises and fixed assets$3,141
Other real estate owned$365
Goodwill and other intangibles$53
All other assets$2,111
Life insurance assets$123,711
Total liabilities and capital$103,408
Total liabilities$103,072
Total deposits$91,989
Interest-bearing deposits$103,072
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $336
All other liabilities $20,303
Total equity capital$20,303
Total bank equity capital$20,303
Perpetual preferred stock$0
Common stock$0
Surplus$0
Undivided profits $20,303
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 $68
Earning assets $0
Long-term assets (5+ years) $216
Average Assets, year-to-date $115,528
Average Assets, quarterly $0
Volatile liabilities $130,732
Insider loans $128,023
FHLB advances $58,593
Loans and leases held for sale $123,668
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $20,260
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,940
Derivatives$1,479
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,844
Total interest expense $1,371
Net interest income $3,473
Provision for loan and lease losses $134
Total noninterest income $663
Fiduciary activities $0
Service charges on deposit accounts $96
Trading account gains & fees $0
Additional noninterest income $567
Total noninterest expense $2,729
Salaries and employee benefits $1,510
Premises and equipment expense $526
Additional noninterest expense $693
Pre-tax net operating income $1,273
Securities gains (losses) $0
Applicable income taxes $540
Income before extraordinary items $733
Extraordinary gains - net $0
Net income attributable to bank $733
Net charge-offs $0
Cash dividends $733
Sale, conversion, retirement of capital stock, net $128
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.96%
Cost of funding earning assets 1.12%
Net interest margin 2.84%
Noninterest income to earning assets 0.54%
Noninterest expense to earning assets 2.23%
Net operating income to assets 0.56%
Return on assets (ROA) 0.56%
Pretax return on assets 0.97%
Return on equity (ROE) 3.68%
Retained earnings to average equity (YTD only) 3.68%
Net charge-offs to loans 0.14%
Credit loss provision to net charge-offs 104.69%
Efficiency ratio10.99%
Assets per employee$65,522
Cash dividends to net income (YTD only)4.42%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.04%
Noncurrent assets plus other real estate owned to assets 1395.59%
Noncurrent loans to loans 0.35%
Net loans and leases to deposits0.07%
Net loans and leases to core deposits 87.19%
Equity capital to assets 90.09%
Core capital (leverage) ratio 16.41%
Tier 1 risk-based capital ratio 16.38%
Total risk-based capital ratio 34.58%
Memoranda
Average assets$36
Average earning assets$130,732
Average equity $19,895
Average loans $122,478
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1 Indiana Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
041603First Federal Savings Bank Of Angola212 E Maumee, Angola, IN 46703January 01, 1933Full Service Brick and Mortar
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