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



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First Federal Savings Bank of Washington
GeneralFDIC Certificate #: 29710
Status: Active
Federal Reserve ID: 110972
Date Established: January 01, 1895
WWW: http://www.firstfederalwashington.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 3932
FDIC's unique #: 42544
Numeric code: 38
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: September 30, 1936
Last Structure Change Effective Date: December 09, 2011
Last Structure Change Process Date: January 04, 2012
Last Data Update: January 04, 2012
Data Source Date: April 05, 2012
LocationAddress: 439 South State Road 57, Washington, IN 47501
County: Daviess
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
Core Based Statistical Area (CBSA): Washington, IN (#47780)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Location
Financial SummaryTotal assets: $81.2 mil
Equity capital: $8.3 mil
Deposits held in domestic offices: $70.6 mil
Return on assets (ROA): 0.69% ($0.6 mil)
Quarterly return on assets: 0.61% ($0.5 mil)
Return on Equity (ROE): 6.85% ($0.5 mil)
Quarterly return on equity: 5.91% ($0.5 mil)
Net income: $0.6 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.14% ($925.3 mil)
Quarterly Pretax return on assets: 1.03% ($836.0 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)20
Total assets$81,165
Cash and due from depository institutions$17,936
Interest-bearing balances$15,140
Securities$7,960
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$51,919
Loan loss allowance $113
Trading account assets$0
Bank premises and fixed assets$2,085
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,265
Life insurance assets$81,165
Total liabilities and capital$72,847
Total liabilities$70,562
Total deposits$66,077
Interest-bearing deposits$70,562
Deposits held in domestic offices$75
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,000
Other borrowed funds $0
Subordinated debt $285
All other liabilities $8,318
Total equity capital$8,318
Total bank equity capital$8,318
Perpetual preferred stock$0
Common stock$0
Surplus$0
Undivided profits $8,318
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 $477
Earning assets $0
Long-term assets (5+ years) $249
Average Assets, year-to-date $75,019
Average Assets, quarterly $0
Volatile liabilities $79,883
Insider loans $79,785
FHLB advances $36,605
Loans and leases held for sale $81,165
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $8,318
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,146
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,459
Total interest expense $968
Net interest income $2,491
Provision for loan and lease losses $27
Total noninterest income $64
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $64
Total noninterest expense $1,620
Salaries and employee benefits $989
Premises and equipment expense $388
Additional noninterest expense $243
Pre-tax net operating income $908
Securities gains (losses) $0
Applicable income taxes $357
Income before extraordinary items $551
Extraordinary gains - net $0
Net income attributable to bank $551
Net charge-offs $0
Cash dividends $551
Sale, conversion, retirement of capital stock, net $0
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 assets4.71%
Cost of funding earning assets 1.32%
Net interest margin 3.39%
Noninterest income to earning assets 0.09%
Noninterest expense to earning assets 2.21%
Net operating income to assets 0.69%
Return on assets (ROA) 0.69%
Pretax return on assets 1.14%
Return on equity (ROE) 6.85%
Retained earnings to average equity (YTD only) 6.85%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$63,405
Cash dividends to net income (YTD only)4.06%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.22%
Noncurrent assets plus other real estate owned to assets 23.69%
Noncurrent loans to loans 0.59%
Net loans and leases to deposits0.92%
Net loans and leases to core deposits 73.58%
Equity capital to assets 84.14%
Core capital (leverage) ratio 10.25%
Tier 1 risk-based capital ratio 10.25%
Total risk-based capital ratio 22.72%
Memoranda
Average assets$23
Average earning assets$79,883
Average equity $8,041
Average loans $73,412
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2 Indiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
042544First Federal Savings Bank Of Washin439 South State Road 57, Washington, IN 47501January 01, 1895Full Service Brick and Mortar
100276901203 N E 1st Street Branch203 N.E. 1st Street, Loogootee, IN 47553January 01, 1895Full Service Brick and Mortar
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