First Federal Community Bank, National Association

Headquarters

321 North Wooster Avenue
Dover, OH 44622
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.02% 0.85% →
1-Year CD 0.10% 0.80% →
2-Year CD 0.15% 0.80% →
5-Year CD 0.30% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First Federal Community Bank, National Association is an FDIC insured institution located in Dover, OH. It was founded in 1898 and has approximately $0.58 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 29787
Date Established 1898
Assets $ 579.45 million
Loans $ 416.06 million
Deposits $ 514.46 million
Capital $ 47.89 million
 

For a more detailed analysis of First Federal Community Bank, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 23, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.02% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.12% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.05% $10,000 $14,999 Learn More
6 Mo CD
0.05% $100,000 $199,999 Learn More
12 Mo CD
0.10% $10,000 $14,999 Learn More
12 Mo CD
0.10% $100,000 $199,999 Learn More
18 Mo CD
0.15% $10,000 $14,999 Learn More
18 Mo CD
0.15% $100,000 $199,999 Learn More
24 Mo CD
0.15% $10,000 $14,999 Learn More
24 Mo CD
0.15% $100,000 $199,999 Learn More
30 Mo CD
0.20% $10,000 $14,999 Learn More
30 Mo CD
0.20% $100,000 $199,999 Learn More
36 Mo CD
0.25% $10,000 $14,999 Learn More
36 Mo CD
0.25% $100,000 $199,999 Learn More
48 Mo CD
0.25% $10,000 $14,999 Learn More
48 Mo CD
0.25% $100,000 $199,999 Learn More
60 Mo CD
0.30% $10,000 $14,999 Learn More
60 Mo CD
0.30% $100,000 $199,999 Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.04% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $99 Learn MoreShow Less
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
First Fed Cash 1.01% $0 $0.00 Learn MoreShow Less
 

Loan Rates - September 23, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Federal Community Bank, National Association

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
PADDIO
NMLS ID: 1907
2.808% 2.750%
-0.25 points
$1,875 fees
$1,021 Learn More
Better.com
NMLS ID: 330511
2.943% 2.875%
0.88 points
$2,182 fees
$1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to First Federal Community Bank, National Association
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

First Federal Community Bank, National Association branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


First Federal Community Bank, National Association Locations


Financial Details

First Federal Community Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Federal Community Bank, National Association. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Federal Community Bank, National Association U.S. Bank Average
1.29% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2021, First Federal Community Bank, National Association had $672,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $47,891,000 in equity and $4,362,000 in loans loss reserves. That gives it a Texas Ratio of 1.29%.

Return on Equity
First Federal Community Bank, National Association U.S. Bank Average
17.41% 11.43%

First Federal Community Bank, National Association has a Return on Equity of 17.41% versus the BestCashCow average of 11.43%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Federal Community Bank, National Association U.S. Bank Average
8.26% 11.51%

First Federal Community Bank, National Association has a Capitalization of 8.26% versus the BestCashCow average of 11.51. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Federal Community Bank, National Association Balance Sheet Analysis

As of March 31, 2021, First Federal Community Bank, National Association had assets of $579,445,000, loans of $416,059,000, and deposits of $514,462,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2021
ASSETS
Cash & Balances due from depository institutions $ 106.76 million
Interest-bearing balances $ 98.52 million
Total securities $ 28.96 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 416.06 million
Loan loss allowance $ 4.36 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.58 million
All other assets $ 16.49 million
     Total Assets $ 531.55 million
LIABILITIES
Total deposits $ 514.46 million
      Interest-bearing deposits $ 387.75 million
      Deposits held in domestic offices $ 514.46 million
      % insured (estimated) 73.16%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 15.14 million
Subordinated debt N.A.
All other liabilities $ 1.96 million
      Total Liabilities $ 531.55 million
      Shareholders’ Equity $ 47.89 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 4.93 million
Total Interest Expense $ 0.55 million
Net interest income $ 4.38 million
Provision for loan and lease losses $ 0.06 million
Total non interest income $ 0.82 million
Total non interest expense $ 2.59 million
Pre-tax Net Operating Income $ 2.55 million

Bank Loan Profile?

The top three loan types in First Federal Community Bank, National Association’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Ohio, First Federal Community Bank, National Association has a significantly higher percent of Small Business Loans, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 37.20
Multifamily
Mortgages
3.66
Credit Card Loans 0.00
Consumer Auto Loans 0.64
Small Business Loans 20.58
Construction and Development Loans 7.89
Commercial Real Estate 31.13
Commercial and Industrial Loans 13.30
Farm Loans 0.00

Frequently Asked Questions About First Federal Community Bank, National Association

Branches and Savings

Is First Federal Community Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #29787.

Why does First Federal Community Bank, National Association pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Federal Community Bank, National Association CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Federal Community Bank, National Association a commercial bank?

Yes

Where are First Federal Community Bank, National Association locations?

See branch locations nearby.

Is First Federal Community Bank, National Association open on Saturdays?

Is First Federal Community Bank, National Association open on Sundays?

What time does First Federal Community Bank, National Association open?

What time does First Federal Community Bank, National Association close?

Are First Federal Community Bank, National Association ATMs Open 24/7?

Do First Federal Community Bank, National Association ATMs accept cash deposits?

Can First Federal Community Bank, National Association customers use other ATMs?

Do First Federal Community Bank, National Association branches have notaries?

Will First Federal Community Bank, National Association notarize my document?

What address for First Federal Community Bank, National Association should I put for incoming ACH transfers?

Will the First Federal Community Bank, National Association branch print checks?

Do First Federal Community Bank, National Association checks expire?

Does First Federal Community Bank, National Association require US citizenship to open account?

Can First Federal Community Bank, National Association close my account?

Does First Federal Community Bank, National Association Report to credit bureaus?

Does First Federal Community Bank, National Association Use Equifax?

What is First Federal Community Bank, National Association's ACH Routing Number?

What is First Federal Community Bank, National Association's SWIFT code?

Products

Does First Federal Community Bank, National Association offer mortgages?

Compare mortgage rates here.

Does First Federal Community Bank, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Federal Community Bank, National Association offer personal loans?

Compare personal loan rates here.

Does First Federal Community Bank, National Association offer student loans?

Will First Federal Community Bank, National Association cash a check?

Will First Federal Community Bank, National Association redeem a savings bond?

Does First Federal Community Bank, National Association cash savings bonds?

Will First Federal Community Bank, National Association cash money orders?

Can First Federal Community Bank, National Association issue a money order?

Does First Federal Community Bank, National Association do currency exchange?

Background on The Bank

Who owns First Federal Community Bank, National Association?

How long has First Federal Community Bank, National Association been around?

Can First Federal Community Bank, National Association transfer to other banks?

Does First Federal Community Bank, National Association have quick pay?

Does First Federal Community Bank, National Association accept rolled coins?

Will First Federal Community Bank, National Association accept loose change?

Where is First Federal Community Bank, National Association headquarters?

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