First Federal Savings and Loan Association of Van Wert - Overview
General
FDIC 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
Location
Address: 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 Changes
Change in Primary Regulatory Agency
Financial Summary
Total 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
19Total employees (full-time equivalent)
$120,455Total assets
$11,179Cash and due from depository institutions
$10,677Interest-bearing balances
$57,398Securities
$0Federal funds sold & reverse repurchase agreements
$45,299Net loans & leases
$127Loan loss allowance
$0Trading account assets
$1,049Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$120,455Life insurance assets
$5,530All other assets
$104,292Total liabilities and capital
$102,811Total liabilities
$94,145Total deposits
$102,811Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,481Subordinated debt
$16,163All other liabilities
$16,163Total equity capital
$16,163Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$16,163Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2Income earned, not collected on loans
$0Earning assets
$429Long-term assets (5+ years)
$113,374Average Assets, year-to-date
$0Average Assets, quarterly
$120,095Volatile liabilities
$120,611Insider loans
$43,639FHLB advances
$119,328Loans and leases held for sale
$3,392Unused loan commitments
$0Tier 1 (core) risk-based capital
$15,419Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,909Restructured Loans and leases
$367Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,538Total interest income
$1,132Total interest expense
$3,406Net interest income
$18Provision for loan and lease losses
$305Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$305Additional noninterest income
$2,614Total noninterest expense
$1,531Salaries and employee benefits
$347Premises and equipment expense
$736Additional noninterest expense
$1,079Pre-tax net operating income
$8Securities gains (losses)
$290Applicable income taxes
$797Income before extraordinary items
$0Extraordinary gains - net
$797Net income attributable to bank
$0Net charge-offs
$797Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.02%Yield on earning assets
1.00%Cost of funding earning assets
3.02%Net interest margin
0.27%Noninterest income to earning assets
2.32%Noninterest expense to earning assets
0.66%Net operating income to assets
0.66%Return on assets (ROA)
0.91%Pretax return on assets
5.13%Return on equity (ROE)
5.13%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
70,439Assets per employee
6.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.28%Loss allowance to noncurrent loans
6350.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
44.06%Net loans and leases to core deposits
44.06%Equity capital to assets
13.42%Core capital (leverage) ratio
12.92%Tier 1 risk-based capital ratio
35.33%Total risk-based capital ratio
Memoranda
$36Average assets
$120,095Average earning assets
$15,525Average equity
$112,759Average loans
List of branches
1 Ohio Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
41969
First Federal Savings And Loan Assoc
679 Fox Road, Van Wert, OH 45891
January 01, 1893
Full Service Brick and Mortar
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First Federal Savings and Loan Association of Van Wert
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