First Federal Savings and Loan Association of Van Wert in Van Wert, Ohio (OH)



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First Federal Savings and Loan Association of Van Wert
GeneralFDIC Certificate #: 29135
Status: Active
Federal Reserve ID: 820879
Date Established: January 01, 1893
WWW: http://www.1stfedvw.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 #: 2969
FDIC's unique #: 41969
Numeric code: 37
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: December 20, 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: 679 Fox Road, Van Wert, OH 45891
County: Van Wert
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Columbus
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Combined Statistical Area (CSA): Lima-Van Wert-Wapakoneta, OH (#338)
Core Based Statistical Area (CBSA): Van Wert, OH (#46780)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $120.5 mil
Equity capital: $16.2 mil
Deposits held in domestic offices: $102.8 mil
Return on assets (ROA): 0.66% ($0.8 mil)
Quarterly return on assets: 0.61% ($0.7 mil)
Return on Equity (ROE): 5.13% ($0.8 mil)
Quarterly return on equity: 4.57% ($0.7 mil)
Net income: $0.8 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.91% ($1,096.1 mil)
Quarterly Pretax return on assets: 0.93% ($1,120.2 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)19
Total assets$120,455
Cash and due from depository institutions$11,179
Interest-bearing balances$10,677
Securities$57,398
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$45,299
Loan loss allowance $127
Trading account assets$0
Bank premises and fixed assets$1,049
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$5,530
Life insurance assets$120,455
Total liabilities and capital$104,292
Total liabilities$102,811
Total deposits$94,145
Interest-bearing deposits$102,811
Deposits held in domestic offices$98
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,481
All other liabilities $16,163
Total equity capital$16,163
Total bank equity capital$16,163
Perpetual preferred stock$0
Common stock$0
Surplus$0
Undivided profits $16,163
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
Earning assets $0
Long-term assets (5+ years) $429
Average Assets, year-to-date $113,374
Average Assets, quarterly $0
Volatile liabilities $120,095
Insider loans $120,611
FHLB advances $43,639
Loans and leases held for sale $119,328
Unused loan commitments $3,392
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $15,419
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,909
Derivatives$367
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,538
Total interest expense $1,132
Net interest income $3,406
Provision for loan and lease losses $18
Total noninterest income $305
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $305
Total noninterest expense $2,614
Salaries and employee benefits $1,531
Premises and equipment expense $347
Additional noninterest expense $736
Pre-tax net operating income $1,079
Securities gains (losses) $8
Applicable income taxes $290
Income before extraordinary items $797
Extraordinary gains - net $0
Net income attributable to bank $797
Net charge-offs $0
Cash dividends $797
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 assets4.02%
Cost of funding earning assets 1.00%
Net interest margin 3.02%
Noninterest income to earning assets 0.27%
Noninterest expense to earning assets 2.32%
Net operating income to assets 0.66%
Return on assets (ROA) 0.66%
Pretax return on assets 0.91%
Return on equity (ROE) 5.13%
Retained earnings to average equity (YTD only) 5.13%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$70,439
Cash dividends to net income (YTD only)6.34%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.28%
Noncurrent assets plus other real estate owned to assets 6350.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 44.06%
Equity capital to assets 44.06%
Core capital (leverage) ratio 13.42%
Tier 1 risk-based capital ratio 12.92%
Total risk-based capital ratio 35.33%
Memoranda
Average assets$36
Average earning assets$120,095
Average equity $15,525
Average loans $112,759
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1 Ohio Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
041969First Federal Savings And Loan Assoc679 Fox Road, Van Wert, OH 45891January 01, 1893Full Service Brick and Mortar
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